While there are several components involved in growing store sales when opening a dollar store one of the most important is to continually bring first-time shoppers into the store. Often these shoppers will only make small purchases during their first visit. When treated properly they will soon return to make additional purchases time and again.
Of critical importance is to make sure that all potential prospective shoppers know that your store exists. While you may have selected the best possible location, make sure that store signage has great visibility to the main streets that pass by your store. A great location with a store that is hidden in the back corner is of no value at all. In fact, that is a formula for failure!
If zoning and lease arrangements allow, consider using sign holders at the busiest corners. When opening a dollar store a costume clad employee can draw instant attention and traffic to your store. Employees who are comfortably attired can draw traffic by carrying smaller handheld signs and banners during higher traffic times as well.
Advertising in smaller local newspapers can reap excellent returns for a small business owner. If you are opening a dollar store be sure to consider small, well-written ads as one method for informing local residents that your store has opened. Generally the traffic is slow to build using this method. With consistent advertising the traffic results can be impressive over time however.
If you are opening a dollar store be sure to participate in local activities. Providing supplies to local schools and charities is a very positive method of getting your name out in the community. For the donation of a few dollars worth of products hundreds and hundreds of local residents will see your name as a contributor. This is a good thing to do for the community and the returns can be impressive.
Drawing new shoppers is one of the challenges that is faced by every entrepreneur who is opening a dollar store. While bringing new shoppers into the store is a challenge, never forget that it is even more important to retain those shoppers as repeat customers into the future.
To Your Dollar Store Success!
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