There is no Choice ? You Must Carry the Right Dollar Store Merchandise
Those who know how to start a dollar store realize in today’s marketplace dollar store shoppers are well informed about the potential products every dollar store can carry. These savvy shoppers know much of the dollar store merchandise you have available to purchase from your dollar store suppliers. Specifically, they know the merchandise that’s available to meet their core everyday needs and wants. They are also always looking for high-quality items at great bargains. In this article I present examples of the merchandise every successful dollar store must have in-stock and on display.
Those who know how to start a dollar store realize it all starts by carrying the core dollar store merchandise your shoppers need and must have to meet their daily needs. These items rarely come with high profit margins so many store owners fall to the temptation and don’t stock all of the items. Since many of the major dollar stores do carry these items, this is an invitation for your shoppers to go elsewhere. Once your regular shoppers see the big selection of items available, many will be lost to your competitors forever.
Don’t ever forget to add special purchases and limited quantity items to keep things interesting for your shoppers. In many cases the best way to obtain these bargains is to continually let your primary dollar store suppliers know you are looking for their overstocks, package changes and closeout dollar store merchandise. Not only will these items create more interest and added sales, but often these items will come with lower dollar store costs to you. That means higher profits.
Build the size of sales by adding complementary products in all core areas. Look to your general merchandise dollar store suppliers for these complementary products. For example, toothpaste might be a core item in your store. Adding toothbrushes, mouthwash and dental floss as complementary products will help build sales. The same can be done with paper products – add paper towel holders for example. Those who know how to start a dollar store invest the time to repeat this process until complementary items are available throughout their stores.
Shop your dollar store general merchandise supplier for sales and discounts. Those who know how to start a dollar know there will often be special trade show pricing on merchandise as well. The result is they make it a practice to attend one or two of the better trade shows every year. In other cases dollar store suppliers may offer monthly specials on a selection of items. Always stock up on in-demand core products you know you can always sell quickly when they are on sale. Add a few specially priced items you don’t normally carry to add to shopper excitement.
To your success as you discover how to start a dollar store!
Find out how you can open your own dollar store business.
Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.
Related Bargain Stores Articles
Comments Off