Tis the season! People are in a buying mood. Many retailers make half their yearly revenue from now until Christmas. People will be shopping for gifts, decor, food, and more for Christmas, Hanukkah and Kwanza. How can you increase your sales during the holiday season? If you run a small or home-based business, make sure you plan to incorporate some special promotions during this time. It's tempting to put off business until “after the holidays” and focus on your own celebrations—there's always so much to do. That's fine if it's your choice. But if you are trying to increase business, now is a great opportunity to do so.
Here are some simple, low-cost ways to increase your revenues during this busy shopping season:
Revamp your descriptions:
Think about how your product/service would make a nice gift and tell your prospective customers. “Makes a great gift for the special guy in your life”. Perhaps you could create a gift suggestions flyer. People need help choosing great presents for their friends and family. Help them out by telling them what to buy for their mom, dad, wife, husband, sweetheart, child, co-worker, aunt, etc. Offer your “gift-buying” guide free on your website, put it in with all your orders, and distribute it around town.
If you provide a service, those make great gifts, too—who doesn't like a massage, or a free housecleaning, or a free tax planning session? Sell gift certificates for your services. A key selling point is that people don't think to give services, but they can be very unique and appreciated gifts. You might have to come up with ideal recipients—i.e., for the harried homemaker, the busy executive, the loving mother, and so on. Tell your customer (the gift-giver) how much the recipient would love your service instead of a fruitcake
Create Gift Packages:
Perhaps you could bundle several products into a basket. Think about the “recipients” and create special baskets—for example, if you sell cosmetics, create a “teen-dream” makeup kit, an “anti-aging” kit, a “glamour party makeup” kit, and so on. Almost any business can come up with creative packaging or bundling for their products and for their services. For services, you could do a “buy one, get half-off” package. Or a buy three, get one free package. You can even team up with partners to create super packages—a spa and a housecleaning service could combine a massage & a house-cleaning for a fabulous gift for working moms.
Offer Free Gift Wrapping or Free Shipping:
The word “free” gets attention. Wrapping and shipping are two things that add to the cost of the gift and if you can include it, that would increase your sales. To make it worthwhile, set a spending requirement—free gift wrap on items over $50 or something similar. Ditto for shipping. You can even run specials where shipping is only $5 for all orders by a certain date, or gift wrapping is free on Mondays.
Holiday Give-Aways:
It's nice to do something extra for your customers during the holidays. If you have a retail store, bring in Christmas cookies or candy or hot chocolate. If you ship products, buy some ornaments at the dollar store and toss them in with the orders. If you visit clients, take a small goodie bag or fruit basket. The ideas are endless. For spa-type businesses (products or services for anything from manicures to bath gel), consider a sample of a product – a holiday-printed emery board costs pennies and is a nice thought. For an event planner, send everyone a “holiday party guide” even if you don't have their business this year—fill it with great ideas and you'll get more business! For a wedding planner, a personalized ornament for all your wedding couples will create much good will.
My Holiday Card Rule:
If you are going to send holiday cards, please, please, please sign them. Having your company name pre-printed on the card is so impersonal that you'd do better saving your money. Hand-addressing your cards is nice, too, but some people have illegible handwriting, so printing the envelopes is okay. But, really, an unsigned card is simply going to send the message that you don't have time to be bothered with things like signing cards and you never want your customers to think you don't have time for them. It's the greeting card version of a form letter.
Action Item: Take a few minutes to write down some holiday ideas you can implement in your own business—just one could be enough. Don't overload yourself-one idea well executed will be more fruitful than 20 haphazard ones. Then, put it on your calendar and spread some holiday happiness to your customers!
Money For The Holidays
Credit card use, if used wisely, can be one of the greatest tools in building good solid credit. It can also be one of the quickest indicators to a potential lender that a person is not a responsible money manager.
Good money management skills also mean taking the time to search for the best interest rates available on a credit card. Finding a low interest credit card can allow you to use a cash advance to pay off the debt on other credit cards that you have. Having paid down the debt of the other credit cards puts you in a better position to keep tabs over your credit finances across the board and handle any financial emergencies such as illness, accident or a sudden mechanical problem on your car.
Make A List And Check It Twice!
Reevaluating how you shop during the holiday seasons is also a part of sensible money management. The urge to splurge and incur debt in buying gifts will create a financial hangover that can be repeated year after year. Many people pay for their holiday shopping for the following 12 months. Institute a personal rule to not use your credit cards for anything you can afford to pay cash for. It's not really a bargain if you buy it using a credit card that charges 18% interest.
After the holidays when all your friends and relatives are fresh in your mind, make a list of everyone you want to purchase a gift for and keep the list in an easy to reach place like a purse or wallet, as you find good deals and sales throughout the year, pick up that person's gift and put it up until the holiday season. In December, you'll have the majority of your shopping done and you won't feel the sting of holiday shopping as most people do.
Set Spending Limits
Setting spending limits where your credit is concerned is always the best bet. Take the time to really get in touch with your own spending needs and habits - make a budget and stick to it. Cut corners wherever you can and eliminate unnecessary expenses. Eat as many meals at or from home as you can. Curbing eating out expenses will save most people between $20 to $50 dollars a week on the average.
Shop During The Slow Seasons
Deciding where to shop is a highly overlooked skill as well. Retailers are seasonal and will often run sales during a slow season. These are ideal times to stock up on the things you need at a fair price and avoid using credit cards for these purchases. A little time and effort will allow you to find the best bargains year round.
Lastly, check your personal credit report once a year. Mistakes can happen and you can be denied a credit card, personal loan or even a job due to an error in reporting. Once caught, most credit report errors are easily fixed; but the responsibility of catching and correcting those errors is solely up to you. Make these habits a part of your credit and money management skills and you will save yourself a lot of money and interest in the long run.
Both Deborah Crawford & Liz Roberts are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Deborah Crawford has sinced written about articles on various topics from Marketing, Blogging is. Deborah Crawford, owner of provides coaching and consulting services to help small business owners creatively grow their businesses. She is al. Deborah Crawford's top article generates over 590 views. to your Favourites.
Liz Roberts has sinced written about articles on various topics from Debts Loans, Credit Cards and Apply for Credit Card. Liz Roberts is a loan consultant with NewHorizon Finance and has been providing consumers and business owners with financing since 1989. Bad Credit? Join our mailing list for tips on building and repairing your credit yourself without hiring a credit rep. Liz Roberts's top article generates over 22200 views. to your Favourites.
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