Sunday small business retailer management advice: keep revenue in-store
Mark on January 19, 2014 9:30 AM
Smart retailers offer gift cards for use in their business. While anyone can sell gift cards and gift EFTPOS cards for use in other businesses, only you can sell gift cards for redemption in your business. This provides the best commercial outcome for any retailer from a gift cards.
Whereas you might mage a coupe of dollars selling a gift card or a gift EFTPOS card for use in another store, you keep 100% of the gift card value for a gift card sold by your for redemption in your business.
We are having success with gift cards in a range of specialist retail businesses including jewellers, bike retailers, gift shops, newsagencies, garden centres, adult shops, pet shops to name a few. We can share experiences from these businesses to illustrate the value the drive for those businesses and the benefits of not leaking cash out of the business in the form of cards to be used elsewhere.