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April 2008

In This Issue:

Four Strategies To Increase Sales and Profit

 

$500 for 5 Minutes

 

Retail Spotlight

 

Tech Tips

 

Meet Our Staff

 

Stimulus Bill

 

Customer Summit 2008

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Referral Program

 

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Four Strategies To Increase Sales and Profit
Bob Janet

We all know the customer is the most important person in our business, but sometimes we forget that the second most important person in the business is any staff member that comes in contact with the customer in anyway. The staff member that deals with the customer face-to-face is the person who represents the business in the customers mind. If that representation is not a great experience for the customer, the business suffers.

To out-service the competition, each contact with the customer must be part of a great shopping experience. Staying even with the competition is never good enough. Exemplary customer service leads to greater sales and profits. Here are four things to remember.

1. Treat Every Customer Like a Millionaire. Think of it this way: If you knew the next customer to come through your front door was a millionaire, capable and ready to purchase your most expensive products and services, at your highest markups, how would you treat them? Most of us would role out the red carpet, fall all over them with great service, and spare no effort to satisfy their ever need and want.

You never know if that next customer is a millionaire. For the most part, millionaires do not look, dress or sound different than everyone else. Even if that customer is not a millionaire, people will buy more products and services when they get treated like one.

2. Get the customer involved in the sale. When I owned and operated a jewelry store, we outsold all of our competition by simply getting as many different pieces of jewelry on the customer as possible. When women came into our store we strived to get her to try on a necklace, earrings, bracelets, rings, and pins all at the same time. Follow the old seller's rule: The more products the customer views themselves as owning, the more they will buy. Possession becomes ownership.

In our tire business, we involved the customer by having them lift the tires, not just look at them as our competition did. We outsold all of our tire competition. Our furniture business was successful because we involved the customer in the sale. No one ever walked into my mattress department without lying on at least three of our beds. Even while selling intangibles like extended warranties and service contracts, we involve the customer in the sale. By having them do the math - the cost savings they will receive or expenses they will incur - customers mentally pictured the problems they could have if they didn't purchase the coverage.

3. Give the customer choices of products and services. People always take the easy way out and saying no to a request for them to buy is easier than saying yes. After all, most people do not want to give up their hard-earned money. People like to shop around to make sure they are getting the best deal. When you give the customers a choice of products and services, the question turns to what they can buy from you, not what they can get from the competition.

4. Ask for the sale. It's estimated that over 90% of sales people never actively ask for the sale. Sure they show the products and tell about their services, but they never ask for the sale. That's because they are afraid the customer will say the one terrible word, "no".

Hockey great Wayne Gretzky once said when asked why he shoots the puck so much, "I miss 100% of the shots I do not take." The easiest way to ask for the sale is to constantly give the customers choices of different products and services that will solve his/her problems, needs and wants.

Always remember the number-one rule of selling: The seller that solves the customer's problems, needs and wants will get the sale. Make it easy for your customers to make a buying decision from you.

Bob Janet of Sales Growth Now is a trainer, speaker and author with more than 40 years of experience. He can be reached at 800-286-1203 or at Bob@BobJanet.com. For more information, go to www.bobjanet.com.

Article from Dealerscope  www.dealerscope.com

$500 for 5 Minutes

Receive $500 credit on account or 4 Client Service hours every time you refer a new customer that purchases Retail Pro.

Retail Pro has grown to be the premier Inventory Control / POS software for small to mid-tier retailers. Whether you know a single store or a 100 store chain, Retail Pro provides the technology for retailers to excel.

Call your sales person today at 800-305-0461 or
click here to complete the form to refer another retailer and start earning valuable rewards! 

Retail Spotlight

Mount Rushmore National Memorial                                           

The Mount Rushmore History Association (MRHA) was founded in 1993 as a Committee of the Mount Rushmore National Memorial Society, which is a    private nonprofit corporation.  Its mission is to support and assist the National Park Service with educational, historical, and interpretive activities at Mount Rushmore National Memorial. MRHA operates 3 bookstores and an audio tour outlet in the park with profits used to supplement the educational endeavors at the memorial. The operation also includes publishing books for the benefit of the park. In direct support, MRHA has donated more than 1.8 million to Mount Rushmore National Memorial to date.   

Prior to Retail Pro MRHA was using a DOS based program that was fully integrated with an accounting module.  Per Brenda Hill, it was becoming obsolete and the Windows based program that the vendor developed was not fast enough or user friendly enough for their needs. MRHA wanted a Windows based program that was easy for the sales people to use and fast enough to accommodate the hundreds of thousands of visitors to the park without a long wait time.

Since purchasing Retail Pro in 2005, MRHA found that the Retail Pro software offered ease of use, speed and the ability to keep track of inventory by location. Also, the BusinessWorks accounting and the link with Retail Pro has enhanced features over the former software such as reporting profit and loss by department.

Brenda and her staff have found ARMS to be a pleasure to work with, from the sales staff to the training staff to the technical support staff.  An effort is always made to understand their business needs and to help them work through their challenges and problems. To quote Brenda, "Keli Nelson is particularly talented in her position and has been a tremendous asset both in our transition and since then with questions we have about program capabilities."

As you are planning your summer activities be sure to include the Mt Rushmore National Memorial on your list.  http://www.nps.gov/moru

 
  1. Tech Tips
  2. Rpro DB

RPRO DB has three distinct functions:

To create your data files when you first install and run Retail Pro.
To reconstruct and/or reindex critical files that are missing, damaged or user-revised.
To provide the interface to define or revise the program settings that affect data file structures.

It is strongly recommended that you have a current backup of your data files before running RPRO DB, or any program that modifies these files. Be sure to understand Rpro DB before attempting to use it. ARMS technicians are available via phone for assistance.

Any time changes are made in RPRO DB the program creates, reconstructs or re-indexes data files when you choose OK to close the window. Depending on the size of your database this process may require a considerable period of time. If you stop the program before it has completed processing files, some files may remain corrupted. In this case RPRO DB or the Reconstruct tool will have to be run again.

Meet Our Staff


Hillarie O'Connor, Accounts Receivable/Accounts Payable Specialist

Hillarie has been with Advanced Retail Management Systems in the Accounting Department since May 1st of last year. Prior to joining the team at ARMS she work in the medical field in a similar capacity. A native of Colorado she has seen the home state change over the years and still likes to call it home. When not at work she pursues a number of activities. Her latest activity is kickboxing.


Stimulus bill: Tax breaks for small biz
By
Neil deMause

The key addition affecting small businesses is an expansion of "bonus depreciation," which allows investments in tangible property, computer software, or improvements to leased property to be more speedily depreciated, adding to a business' tax savings. Businesses of all sizes will be allowed to depreciate in this tax year 50% of the cost of an asset put into use in 2008.

Another provision that now becomes law will increase the level of so-called "Section 179" deductions that small businesses can expense instead of depreciate. Initially included in the House of Representatives' stimulus bill, this language allows businesses with up to $800,000 in annual qualifying equipment purchases to deduct investments in any tangible business purchases (not including buildings, but including computer software) of up to $250,000, instead of depreciating them. These caps are increases from the $500,000 annual revenue maximum and $125,000 deduction limit under current law.

Click here to see more on this article

  Advanced Retail Management Systems is excited to announce

 Customer Summit 2008 - Taking Your Business to a Higher Peak.

Thursday June 26th, 2008
Littleton, Colorado.

Join us for a day of workshops designed to enhance your knowledge level of the software you are currently utilizing for Point of Sale/Inventory Control.

 You will also have the opportunity to network with end-users, the ARMS staff and vendors.

 Check your mail for an invitation and additional information.



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