 |
|
ab |
|
|
|
|
Tips for
Increasing Your Profits with Gift Certificates
| |
 |
|
Offering gift certificates is an excellent way of increasing your sales by
solving your customers' gift-giving problems. Often people would like to
give your products as gifts, but are hesitant to choose a specific item for
someone. By
Rena Klingenberg
Contributing Author
| |
 |
|
Offering gift certificates is an
excellent way of increasing your sales by solving your customers'
gift-giving problems. Often people would like to give your products as
gifts, but are hesitant to choose a specific item for someone.
(article continued below ...)
I'm a jewelry artist, and when I realized I was losing sales to these
potential customers, I started offering gift certificates - and discovered a
wonderful sales tool.
Wherever you sell your products - at retail locations, shows, home
parties - be sure to have an eye-catching sign advertising "Gift
Certificates Available in Any Amount". And tell undecided customers about it
verbally, too, emphasizing the benefits of a gift certificate, and how much
their recipient will enjoy choosing the exact item they want.
How to Make Your Own Gift Certificates
Use your computer and printer to make special, fancy certificates using
perforated paper or postcard stock you can find in office supply stores, and
have matching fancy envelopes to go with them. They don't need to cost you
very much, but they should really look like a special, festive gift to give
them extra appeal!
Consider adding enticing photos of some of your most popular products. My
gift certificates have a neat vertical border of jewelry photos on each
side.
Here's the information your gift certificates should have on them:
- Your business name and location, plus other contact info
- A "To:" line
- A "From:" line
- An "Amount:" line (for the dollar amount)
- "Custom orders welcome", if applicable
- The expiration date, if you want to limit the time period the
certificate can be used
- The certificate's unique number
- On your computer or by hand, print a unique number (101, 102, 103,
etc., or whatever numbering works for you) on each certificate's bottom
corner, so each can be individually accounted for.
When you sell the certificate, you should write the dollar amount and
expiration date (if any) on the certificate yourself, and then have the
person purchasing the certificate fill out the To and From lines, so it will
be in their own handwriting for the recipient to see. Then enter the
certificate's information in your log.
How to Keep a Gift Certificate Log
It's important to keep a log of each gift certificate you sell. Keeping a
record of each certificate sold will ensure that you don't wind up honoring
a counterfeit certificate, or one with a changed dollar amount when someone
comes to use it. My log has 6 columns, and for each certificate I sell, I
record in my log:
- The certificate's unique number
- The purchaser's name
- The recipient's name
- The date sold
- The dollar amount of the certificate
- The date redeemed
- Optional seventh column: expiration date.
I keep my log sheet and a stack of ready-to-sell certificates together in
a two-pocket folder, along with a fancy pen for filling out the gift
certificates in style when they're sold.
Use Gift Certificates to Their Fullest Profit
Potential
Gift certificates can be a great source of back-end sales. When the
recipient comes to redeem the gift certificate, it's easy to sell her an
add-on item or two. Often she is already predisposed to splurge on something
to go with the item she's getting for free with her gift certificate, and
needs only a little encouragement from you to purchase extras. For example,
in my case, the recipient will often purchase matching earrings to go with
the bracelet she gets for free with her gift certificate. So be sure to show
enticing things to the recipient that could accompany the item she chooses
for her gift!
Use a gift certificate sale as an opportunity to add two new customers to
your mailing list: the person who purchased the certificate, and the person
who received it. Obtain permission from each to add them to your mailing
list. Both of them are now pre-sold on your products, your service, and
especially on your solutions to their gift-giving problems. There's a good
chance they will respond favorably when they receive a special offer from
you before gift-giving holidays.
About the Author:
Jewelry artist Rena Klingenberg's website, Home Jewelry Business Success
Tips
http://www.home-jewelry-business-success-tips.com
, has thousands of tips and techniques for successfully marketing
handcrafted jewelry.
April 20, 2004
|
| |
| ab |
|
 |