Marketing

Boost Sales by 10 Percent

Grow your bottom line by pumping up individual sales.
Magazine Contributor
Writer and Author, Specializing in Business and Finance
2 min read

This story appears in the December 2006 issue of . Subscribe »

Boosting sales by 10 percent may seem like a big challenge, but retail consultant Jon Schallert, president of The Schallert Group in Sorrento, Florida, says the secret is to tackle it one transaction at a time by raising the individual average transaction, or IAT.

For example, "A typical card [shop's IAT] is around $7 to $8. To get the 10 percent increase, you have to sell an additional 70 to 80 cents," Schallert explains. "Now it becomes manageable." To get that extra 10 percent, Schallert offers these tips.

Look for pairings that make sense. "If customers are buying giant, 44 ounce drinks, create a sign that suggests pairing [it with] a small bag of Doritos," says Schallert. Merchandise paired products complementary home accessories, pet food and treats, a matching blouse and necklace, and so on--in higher-traffic areas, and teach employees to reference special paired offers.

Make checkout real estate work. "Lots of small items can get lost in the clutter at checkout," Schallert says. Instead, choose one or two special offers and make an effort to sell those.

Boost sales with convenience. From preassembled gift bags with tissue paper to on-the-spot alterations and personal shopping services, helping customers save time--for a small fee--can pay off by increasing your IAT.

Gwen Moran is co-author of The Complete Idiot's Guide to Business Plans.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

3 Mind Hacks for Overcoming Your Fear of Marketing Yourself