Independents

Squirrel Spotting: 12 Holiday-Time Tips

IndependentsOct 25, 2016

Squirrel Spotting: 12 Holiday-Time Tips

Peter Smith breaks from hanging his stocking by the chimney with care to share tips on staffing, stocking and selling.

2016-Peter_Smith_copy.jpg
Peter Smith has more than 30 years of experience building wholesale and retail sales teams. He currently is president of Vibhor Gems.

For his latest column, Peter Smith took a break from hanging his stocking by the chimney with care to share tips on staffing, stocking and selling for the holiday season.

Read on for a dozen busy-season suggestions from the author of Hiring Squirrels and the widely read article, What Will Become of Retail Jewelry Stores?

1. Post Your Hours of Operation
Spend a few bucks and have someone post your holiday hours on your front door and/or window. When the season is over, have the hours changed but always have your hours posted. Also, post your hours of operation on your website, including any extended hours for season, and always have your hours of operation updated on your store’s voicemail.

2. Make Finding Your Phone Number Easy
Ensure that your phone number is clearly posted on your website and monitor any messages on your voicemail and your e-mails on a regular basis, certainly no less than hourly.

3. Name Tags
If you don’t already do so, think about having name tags made for your staff in season. We need to do everything we can to make the customer experience as low effort for them as possible. There is absolutely no downside (save vanity for some) to this.

4. Best Sellers
If you have not made plans to ensure that your best sellers are in stock, and potentially backed up, then you should do it immediately. Dreams of clearing your non-performing inventory through the season are just that. While you occasionally can move otherwise non-performing inventory in the height of the season, the days of customers buying anything in the madness of the holidays have come and gone. There is a reason why your best sellers are best sellers. Do not make the mistake of losing business and customers because you tried to sell them tickets to last week’s concert.

5. Schedule Your Best People for Busiest Times
This is not the time to massage egos or demonstrate your fairness and equity in making the schedule. Even as patterns shift from times past, you should still have a pretty good idea about when you will be busiest. Schedule your best salespeople (those are the ones who can actually sell stuff!) when they are most likely to make sales.

6. No Up-System
If you use the Up-System (each salesperson gets an equal amount of turns with walk-in customers), you are losing business.
If being fair is more important than making sales, keep doing it. If you can afford to miss opportunities, keep doing it. If you want your least effective salespeople to have the same access to your customers as your best, keep doing it. If you want to maximize business, scrap it now. It is one of the craziest things I have ever heard and it is anti-business.

RELATED CONTENT: Thumbs Down for the Up-System

7. Expect Every Customer to Buy
It seems almost sacrilegious to discuss this in a couple of sentences, but you should expect that every single customer who visits your store is doing so with the intent of buying something. If you feel otherwise, you’re in the wrong business. Make sure that attitude permeates throughout your culture and expect nothing less of yourself, your team and, most importantly, your customers.  

8. Smile
I went into a store in Dallas a few weeks ago and the atmosphere and negativity emanating from the sales team was shocking. It was as clear as could be that no one wanted to be there and they were obviously not enjoying their jobs. Make sure your people act and look like they want to be there and want to help customers. They should have positive body language with each other and with your customers. Create an energized and positive environment (put some bloody music on, please!!!!!) and encourage your team to have fun. Wearing a smile costs nothing but it sets a beautiful tone for your customers.

9. Paradox of Choice
I’ll make this short. The more choices we give the customer, the less likely they are to buy. Ask good open-ended questions; listen well to their answers and present no more than three items when it comes time to introduce product.

10. Three Price Points
When the customer gives you their price point, make sure that the price they give you is represented in the three options. For instance, if they want to spend $1,000, the three options should be about $1,000, $1,500 and $2,000. That is called the contrast principle or anchoring and there is a ton of science to support the rationale for using it. What the science also shows is that more often than not, the customer selects the middle option. Do the math on the difference that can make in your business.

11. Ask for the Sale
Ask 100 percent of your customers for their business. ‘Tis not the season to feed information and ideas to customers so that they can shop elsewhere (and don’t think that you are competing with just other jewelers). The best salespeople already ask for the sale more than their colleagues, and the less successful salespeople will be pleasantly surprised at the number of customers who agree to make a purchase because they were asked to do so.

12. Capture E-mails
Ask everybody for their e-mail. This is not the time to resort to time-worn clichés of, “We just don’t have time,” or “People don’t want to give you their e-mail.” I get most of my sales receipts (including from Apple, Macy’s, Lord & Taylor and others) e-mailed to me. They don’t ask me; they just assume I want it electronically and they put the burden on me to ask for paper if I prefer that.

There might be other reasons to request the e-mail, such as special offers, to remind the customer of cleaning or appraisal updates, to follow up on inquiries, or to have private customer-only sales every now and again. No matter what your narrative, expect to capture everyone’s e-mail. It is still one of the most important marketing tools available to us today. Don’t let anyone tell you otherwise.

Have fun and be successful!

Peter Smith, author of Hiring Squirrels: 12 Essential Interview Questions to Uncover Great Retail Sales Talent, has spent more than 30 years building sales teams at retail and at wholesale. He currently is president of Vibhor Gems. Email him at peter@vibhorgems.com, dublinsmith@yahoo.com or reach him on LinkedIn.
Peter Smithis an industry consultant, speaker, and sales trainer, and author of 3 books on sales. Reach him at TheRetailSmiths@gmail.com.

The Latest

 Laura Gallon Joaillerie “Dynasty” ring, Bijules “Compass” bolo tie, Löf “The Orbitalis” ring
Events & AwardsJun 05, 2025
The 12 Fresh Faces in Couture’s Design Atelier

Discover the dozen up-and-coming brands exhibiting in the Design Atelier for the first time.

Jack Abraham The Royal Ruby Collection
SourcingJun 05, 2025
A Rare Suite of Rubies Has Arrived in Las Vegas

The “Royal Ruby” Collection is a quintet of untreated rubies curated by collector Jack Abraham.

Daymond John
Events & AwardsJun 05, 2025
Daymond John to Give Keynote at JCK Las Vegas

The entrepreneur and “Shark Tank” star will share his top tips for success.

DCA-student-cert-NJ1872x1052-2.png
Brought to you by
The True Power Behind the Counter: Why Sales Associates Are the Heart of the Jewelry Business

When investing in your jewelry business, it's important not to overlook the most crucial element of success: the sales associates.

Vaishali Banerjee and Pallavi Sharma
MajorsJun 05, 2025
Platinum Guild International Updates Leadership Team

Two existing executives have been given new roles.

Weekly QuizJun 05, 2025
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Meredith Tiderington
Events & AwardsJun 05, 2025
Zillion Announces 'Women in STEM' Scholarship Recipient

Meredith Tiderington, an electrical engineering student, was selected for the award.

The Gemological Institute of America’s logo
Lab-GrownJun 04, 2025
GIA Reverting to More General Terminology for Lab-Grown Diamonds

It will quit assigning the stones specific color and clarity grades in favor of applying “new descriptive terminology.”

Article Image 1.png
Brought to you by
Clienteling Isn’t a Buzzword. It’s an Essential Business Model.

More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.

Exterior of the Venetian and the Las Vegas Sphere
Events & AwardsJun 04, 2025
As JCK Talks Returns, Don’t Miss These 12 Sessions

From design trends to sustainability, here’s a roundup of can’t-miss education sessions at JCK Las Vegas.

JCK show
CrimeJun 04, 2025
10 Safety Tips for the Las Vegas Shows

The Jewelers’ Security Alliance offers advice for those attending the annual trade shows.

Amy Curran
MajorsJun 04, 2025
Amy Curran Promoted at Hill & Co.

Her new role is director of strategic initiatives.

The eight rings in Viviana Langhoff’s AU79 jewelry collection
CollectionsJun 03, 2025
In Her Latest Collection, Viviana Langhoff Is Leaning Into Gold

The designer is embracing bold pieces with weight to them in “AU79,” a collection she celebrated with a creative launch party.

Gold and diamond bangles on a pair of jeans
FinancialsJun 03, 2025
Signet Jewelers Sees Turnaround in Q1 With Sales Ticking Up 2%

On an earnings call, CEO J.K. Symancyk discussed what’s working for the company and how it’s preparing for the potential impact of tariffs.

Woman’s hand holding shopping bags
SurveysJun 03, 2025
Consumer Confidence Improves in May

The index partially rebounded after months of decline, due in part to the U.S.-China deal to temporarily reduce import tariffs.

Dakota Johnson as Roberto Coin Brand Ambassador
CollectionsJun 03, 2025
Dakota Johnson Is Roberto Coin’s New Brand Ambassador

The actress stars in the latest campaign set in Venice, Italy, and is set to participate in other creative initiatives for the jeweler.

Mason Kay Jade necklace
GradingJun 03, 2025
Mason-Kay Jade Adds ‘Fei Cui’ to Jade Reports

The company has joined other labs, including GIA and Lotus Gemology, in adopting the Chinese term for "jadeite jade."

Gemfields ruby
SourcingJun 02, 2025
Gemfields’ June Auction to Include 36-Carat Ruby

The large stone will be offered at its June sale along with a selection of secondary-type rubies from a new area of the Montepuez mine.

Adobe Stock image of skyline of Bangkok, Thailand
GradingJun 02, 2025
GSI Opens New Lab in Thailand

Located in Bangkok, the laboratory is Gemological Science International’s 14th location worldwide.

Seaman Schepps pearl earrings
TrendsJun 02, 2025
Amanda’s Style File: Three Gems for June

Those born in June have a myriad of options for their birthstone jewelry.

David Allouche
SourcingJun 02, 2025
David Allouche Joins Grandview Klein Diamonds

The diamond industry veteran has been named its senior sales executive.

Movado Connect 2.0 watches
FinancialsMay 30, 2025
Movado’s Q1 Sales Slip Amid ‘Challenging’ Retail Environment

The company plans to raise the prices of select watches to offset the impact of tariffs.

Zoë Chicco Bracelets
Policies & IssuesMay 30, 2025
Tariffs & Designers: Navigating Pricing in an Unstable Environment

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

Renato Cipullo Hematite Blaze Necklace
CollectionsMay 30, 2025
Piece of the Week: Renato Cipullo’s ‘Hematite Blaze’ Necklace

Designed by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.

Stock image of shipping containers
Policies & IssuesMay 30, 2025
Trade Court Declares Trump’s Tariffs Invalid

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.

Britney Spears
CollectionsMay 29, 2025
Britney Spears Files Trademark for New Jewelry Line

The pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.

Inoveo Platinum Grain image.jpg
Supplier BulletinMay 29, 2025
Inoveo Platinum Grain, Exclusively Distributed by Stuller

Sponsored by Stuller

Grizzly Mining Pilala emerald
SourcingMay 29, 2025
Grizzly Auctions 6,620-Carat Emerald

It was featured in the miner’s latest sale, which brought in $24.8 million.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy