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Dollar Store Franchise Information – The Secret Of Success

By Fraley Hank

Whether you are just opening a dollar store for the first time or you already own a dollar store one of the biggest challenges is determining the right format. Your store format helps to determine projected sales, projected costs, projected profits, dollar store suppliers for the merchandise your business depends on, and much more.

In most cases those changing formats are moving from $1 price point to dollar plus store format. While making this change may seem straightforward, there are genuine challenges to be overcome before the transition can be called a success. In this article I provide an overview of 3 of the most critical challenges you will face.

Tip #1 Dollar store supplier selection: Initially it will be important to focus on discovering and then interviewing all potential suppliers for your business. Check references and examine products before making your final decision about the suppliers you will depend on to deliver just the right merchandise for your grand opening. Those who know how to start a dollar store recognize there will be the need to continually seek out new, more cost-effective suppliers in the future as well.

Tip #2 Always focus on customer service when stocking shelves: Those who know how to start a dollar store always place customer service at the top of the list for every employee. They build customer service guidelines and procedures into every job, including stock handling. Each stock handler learns how to properly address the most common customer situations. Each stock handler assumes customer service duties as a part of their job. They make customer service a top priority.

Tip #3 Prepare to maintain momentum by aggressively marketing your business: Your marketing program needs to be more aggressive than before. You must keep your store name and the benefits of shopping with you in front of everyone. Consider newspaper, and other media as one part of your strategy. But don’t stop there. Make your store the fun place to shop by conducting events that correspond to the seasons of the year or major holidays.

Tip #4 Assign a work buddy to new stock handler: While handling dollar store merchandise may seem simple and straightforward to some, for others it is a challenge. Even with training most will have questions. Your goal is for them to succeed. One of the best ways to support that goal is by assigning a trained and experienced buddy worker. This person can answer questions, demonstrate proper techniques, provide encouragement, and role model the right way to handle the job.

If you are just opening a dollar store all that’s required is to carefully examine the pros and cons associated with different formats, and then make the right decision for your soon to open business. However if your store is open and operating and the right format has changed over time, there is much more work to be done.

Buying dollar store has never been this easy! Get more free information by going to this website dollar store franchise information

categories: franchising,business,supplies,retail,sales,marketing,negotiation,entrepreneur,consulting,management,careers,employment,construction,customer service

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Article Citation
MLA Style Citation:
Hank, Fraley "Dollar Store Franchise Information – The Secret Of Success." Dollar Store Franchise Information – The Secret Of Success. 6 Jul. 2010. uberarticles.com. 2 Nov 2015 <http://uberarticles.com/business/dollar-store-franchise-information-carry-the-right-products/>.

APA Style Citation:
Hank, F (2010, July 6). Dollar Store Franchise Information – The Secret Of Success. Retrieved November 2, 2015, from http://uberarticles.com/business/dollar-store-franchise-information-carry-the-right-products/

Chicago Style Citation:
Hank, Fraley "Dollar Store Franchise Information – The Secret Of Success" uberarticles.com. http://uberarticles.com/business/dollar-store-franchise-information-carry-the-right-products/


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