James, Judy and Judd are here today to sell. They're on my shop floor and I have made a massive effort to stock my shelves with terrific merchandise.
It's Thursday. James is working all day. Judy and Judd are working in the afternoon. Thursdays are slow in the morning and fast passed in the afternoon.
My Salespeople are going to play a game. It's a selling game and they are going to be scored – on a level playing field. This means even though James is working in a slow period of the day he knows that his team mates have a handicap. Judy has to stock shelves for an hour and take an afternoon tea break. My retail management performance tracking system knows that and has accordingly given her a lesser amount to sell than Judd.
I have already entered a sales goal for the day and rostered my staff. My software spits out an individual sales target for each Salesperson which I hand out. Off they go to play a game that's going to give me my best possible sales result for the day and their best opportunity at having fun and being motivated to do what they are here to do - sell.
The objective of the game is to achieve the highest sales. He who wins takes the spoils.
Psychologically they believe in themselves, are motivated by competition, and are interested in developing their sales skills. That's rather utopian! The probability is 6 out of 10 of my Retail Salespeople are not like that. But my game keeps that in check by identifying their weaknesses and telling me what specific sales skill to coach them on next.
Integrated with my POS system I'm getting sales feedback on my Retail Dashboard every three hours and my system is comparing Actual sales versus Targets. It's also comparing each Salesperson to the Store Average across 5 key performance indicators or KPIs: Sales per Hour, Average Sale, Items per Sale, Wage to Sales Ratio, and Conversion Rate.
I see that Judy has a low Average Sale, compared to everyone else. I let her know she's been selling the cheaper items all day and challenge her to sell more expensive items for the rest of the day. James has lower Items per Sale than the rest so I tell him to focus on the products that have a natural ad-on. He'll get more items per sale and increase his deficient statistic.
Here's the rub for me - I have been able to tell my staff exactly what to focus on to get the maximum sales increase for my store. Individually they also have a better chance of winning the game. And this happens every single day!
At the day's end I get a straight forward tally of who performed best overall - my winner. Apart from the statistical analysis I also get a visual assessment that uses colored symbols to identify sales performance across the 5 KPI's.
My system tracks these numbers daily, weekly, quarterly, and annually to show me visual trends about each of my Salespeople. It tells me exactly what to coach them on to achieve the biggest impact on their own personal sales success - and ultimately mine.
I can't get these numbers from my POS because it doesn't have a Sales Goal framework and related Roster with Handicapping. At best my POS system gives me the 5 KPIs at store level - not individual level - and without the individual numbers I can't make my people play a game. So while my POS system helps me compare performance across my different stores it does not compare performance within an individual store.
I care about who works in my store. When I sign them up I tell them about my sales game and they realize they have a chance to succeed within a framework tied exclusively to their own personal success – based on statistics not emotion.
If you think playing games in retail is not for you try watching your next sports match on TV without the on-screen statistics or score.
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
How should I begin my speech for School Captain?
By: CamoBoy | 10-10-2007
I am writing a speech about why students should vote for me for School Captain, however I am a little unsure of how to begin the speech (the introduction). I want to try and use an interesting story related to leadership that I can come back to at the conclusion. Do you know any stories of leadership that I could apply to school leadership? Do you have any other ideas on how to start my speech? Your help is greatly appreciated.
I have had a job offer from worldwebpromote.com as ...
By: tupelohoney17 | 25-09-2007
I have had a job offer from worldwebpromote.com as an Internet Manager for their PPC division? Is this a legitimate company, are they proven to provide results for the companies they represent?
You can give perfect strucuture of direct marketing.
By: dharamendra | 12-09-2007
You can give perfect strucute of direct marketing.
What is the impact of stress on leadership ...
By: JPackard2 | 29-08-2007
What is the impact of stress on leadership strategy in a women-owned, women-run business enterprise?
What are the shared values of the doctoral ...
By: sadiq | 24-07-2007
what are the shared values of the doctoral community?How are these values related to leadership behavior?
Bigger than platinum
By: Angelika | 09-07-2007
gold record, platinum record? is there anything higher?
Q&A Powered by:
Latest Affiliate Programs Articles
Should Beginners Invest In A Home Based Affiliate Business
By: David Ogden | 21/08/2008
If you are like millions of other people around the world you may be tired of getting up and going to work every day. Perhaps you are looking for a way to stay at home and make money on the Internet! In this article let's take a look at whether you should invest in a home based affiliate business as a new person looking for a way to get started online.
Some Distinctive Advantages of Publishing Ebooks
By: sandeep | 21/08/2008
Electronic books have certain attributes and qualities that other mediums do not possess. When it comes to publishing ebooks there's no comparison to the traditional channels one would encounter with physical books.
Few Steps to Compose an Ebook
By: sandeep | 21/08/2008
To compose an ebook or just about anything from a letter to an article the first few lines always seem to be the most difficult.
Secrets to Quadrupling Your Profits: Google Adsense
By: sandeep | 21/08/2008
I've been reading a few forums and blogs about Google Adsense tips lately, and thought it would be helpful to consolidate as many as possible in one place without the comments.
The Most Amazing and Profitable Home Business That You Can Have Affiliate Marketing
By: Kanwaljit Kaur | 21/08/2008
Making money online is extremely simple and easy if you have the right tools, resources and approach. Primarily the idea of making money online is attractive to many people, as it offers many benefits to people. One way that people are making money online is by having several different streams of income.
Search Engine Optimization Services
By: Gen Wright | 21/08/2008
Online marketing has been booming these days. Almost every section of market is now occupied by internet. People do prefer to trade online rather than being confined to their own dwelling place. Globalization has been made possible with the use of this internet.
The Internet Marketing Strategies to Making Money Online
By: Mukeshh Kumarr | 21/08/2008
Researching the best Internet marketing strategies is a bit of a task. The biggest businesses have already realized that integrating online and offline marketing strategies is the best way to tap into a larger customer base as well as make customers spend more.
Tips to Finding the Best Affiliate Program
By: Donald Whitehead | 20/08/2008
Although Finding the best affiliate program can be a daunting task there are ways to key in on genuine programs that do live up to there reputations of providing life changing instruction on how to proceed and being successful in affiliate marketing.