Do you own a dollar store? Are you tired of shoppers continually asking for discounts or even donations of dollar store items from your store? Maybe it’s time to develop a discount and donation policy for your business. While it may take a little time and effort to put together a program that you feel is appropriate, you’ll find it is time well-spent. One option is to simply say ‘no’ to all types of discounts and donations. However, if you have decided to examine the option of giving discounts and making donations from your dollar store business, then read on. In this article I present suggestions regarding who should receive discounts and donations when you own dollar store. Get involved in your community. Many local charities would be thrilled to receive discounts on purchases or the donation of dollar store items with broken packages, or that show minor shop wear. When you own a dollar store make a very positive impact on the lives of people in the community by adopting one of these options. · School teachers in local schools. Teachers often spend their own money to purchase supplies for their classroom. When you operate a dollar store you can offer some relief by providing small discounts on those supplies. You will find many other teachers start shopping your store. The word will also get out to parents about your kind gesture. Increases in traffic and sales of dollar store items in your store will more than offset the small discounts. · Schools. Continue your focus on helping local schools by providing treats and prizes for school events. The cost is often small when compared to both the goodwill created and the many new appreciative parents and faculty who come into your store. · Local community events. Many communities hold events during the year. They are always looking for donations and volunteers to create memorable events that come off flawlessly. Offer to donate dollar store items as prizes for games, or possibly snack items, or even support from you or members of your staff. Everyone who attends will see what you have done. They will appreciate the support. Once again the results can be increased traffic and sales. · Loyal, high-spending shoppers. Those who own a dollar store value their most loyal shoppers. In most cases this is shown with the friendly ‘hello’ greetings and ‘thank-you’ send-offs they receive whenever they come to your store. How about showing your appreciation with a frequent buyer card? The options are endless. Offer discounts or specials for those who spend. · Other non-competing retailers. When you own a dollar store there will be some items carried in your store that other retailers would like to purchase for resale. They will ask for a discount. If their business is not in the immediate area and the volume is high enough, this might be worth considering. As you make your agreement think about offering case size sales, and possibly eliminate their discount on items with tight margins. This added volume can be a great way to significantly build your purchasing power with suppliers. To your success when you own 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.
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