Bob Hamilton

Those who own a dollar store soon come to realize their business cannot succeed without the contributions of employees. The very success and dollar store profits hinge on whether employees take the right actions at the right time. In fact the greater the number of contributions made by each employee, the greater the greater the level of success you are likely to see in your business.

Are you thinking about starting a dollar store? If so, there are several all-important steps that must be taken before you move even one step closer to opening a dollar store business. These steps are important because they are helpful in determining whether dollar stores are right for you. They include basics such as being open to long retail operating hours. Are you willing to work on holidays while everyone you know is home celebrating?

Let’s face it; times have really changed the nature of business for those opening a dollar store. Where only a few short years ago all it took was providing a storefront and then filling it with a good selection of dollar store merchandise, today it takes outstanding marketing and management to achieve success. In years gone by the logical format decision was $1 only, today tight margins and the abundance of products make dollar plus store a good option for some as well.

Many who own a dollar store are on the lookout for strategies to increase total dollar store profits. For some the idea of becoming a dollar store merchandise wholesaler comes to mind. They recognize they can not only increase their total business sales and profits, but they can also reduce the dollar store costs associated with the inventory carried in their dollar store itself.

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.

For many who open a dollar store the decision about the exact price-point for their dollar store merchandise is quickly made. Everything in their store will be $1.00. Yet that quick decision may not be the best for their business. What about items that are simply not worth $1? No matter what final decision you make about your store format it is important to create and document your decision.

Many who start a dollar store are looking for strategies to differentiate their store from the rest of the dollar store crowd while adding to their dollar store profits. They examine adding shelf pulls, closeouts, and even customer return merchandise to their dollar store merchandise product mix in their store. The plan is to pay much less for these items and then resell them as items you just don’t find in the typical dollar store.

Those who know how to start a dollar store recognize the popularity associated with brand name merchandise. They know providing a good selection of brand name and licensed merchandise to their inventory can significantly increase store traffic and sales. Unfortunately brand name items are typically higher priced. If creative efforts are used adding these items can greatly increase overall sales without driving dollar store costs associated with inventory too high.

Those who know how to start a dollar store recognize the true value and importance of their dollar store business plan. They know their business plan sets the course for their business in the years ahead. Yet to maximize the value of a business plan it must be used on a regular basis. It must become a part of the process to not only establish a dollar store, but to measure successes and to recognize where adjustments must be made to the business operation.

If you are about to start a dollar store it is likely you have been told about the many advantages associated with moving to a point-of-sale (POS) system for your new store. You have likely heard about the phenomenal number of reports that become available with these systems. You have heard adding a POS will save you time and money. For many who are opening a dollar store the time may not be right to start with a POS system.

If you are opening a dollar store you are about to discover just how important the cashiers working for your business are to your success. In this article I present 4 critical cashier duties when opening a dollar store.

First steps in learning any skill are never easy. Mistakes are almost always expected. And these are all true when you try to learn a guitar. Instead of taking these mistakes as discouragement, take them as positive obstacles. When you are able to hurdle them one by one, you won't even notice that you are already playing your first guitar pieces on your own.

EBay product selling is one of the most flourishing businesses on the internet today. Yet as those businesses grow, the challenges of streamlining to handle ever-greater volumes can be difficult to resolve.

If you own a dollar store then you know the challenge of continually building sales in your store. In fact growing year-to-year sales is one of the most important actions you need to take to have a healthy and profitable business. But how do you build sales without going broke on advertising costs? In this article I present use end cap displays to sell other merchandise when you open a dollar store, which is one of the most effective strategies.

In today’s economic environment there are low cost sources for almost every product imaginable. In this article I will reveal 5 options for eBay suppliers to examine as you work to find great products to sell.

What can you do to reduce your cost of goods sold yet build sales? This seems like an impossible task. Find out more in this article; 4 creative marketing tips to reduce your overall cost of goods sold.

Those who own a dollar store business are faced with ever-increasing merchandise costs. Yet, for most dollar stores there is a cap on the retail selling price. For these retailers rising costs can’t simply be passed on to their shoppers. Yet to remain successful these retails cannot stand by and assume the role of the victim.

To maintain the look that keeps shoppers returning time and again it’s important to establish a daily routine focused on store appearance. That routine needs to be repeated multiple times throughout the day. In this article I present 6 steps to dollar store merchandise and sales floor management.

While some store owners have chosen to become victims of the increases others have chosen to diligently work to reduce the COGS for dollar store merchandise in their stores. In this article I present 5 tactics to lower cost-of-goods-sold.

As you prepare to open a new business there are so many things that must be done. One of the decisions that must be made during this time is whether to include an area as an employee break room or not. In this article I present – do you really need a break room when opening a dollarstore.

Web content article writing has become a very interesting industry today. Aside from the fact that it is a great channel to use words and express a message, it has also become an effective tool in the growing industries in the World Wide Web. Of course, there is more about web content writing than most really know.

EBay product selling is one of the most flourishing businesses on the internet today. Yet as those businesses grow, the challenges of streamlining to handle ever-greater volumes can be difficult to resolve.

One of the biggest challenges associated with successfully getting a retail store open and operating is collecting and then correctly interpreting all of the tasks that must be performed. Following the ideas and direction of someone who doesn’t know your business can wreak havoc with your store plans. In this article I present using the right mentor or coach when you open a dollar store.

If you are focusing efforts on growing the average sale, your choice of dollar store merchandise is critical. Having the perfect mix can significantly increase the size of the average sale in your store. In this article I present products to grow the average sale.

The more prospective shoppers who enter your store the greater the potential dollar store sale levels you will achieve. In this article I present time matters when making sales if you open a dollar store.

There are many small actions and priorities that all come together to help you generate ever-higher sales for your dollarstore. While taking action on this list won’t guarantee success, these do move you a long way down that road.

In this article I present 6 tips on small actions that really make a difference in the overall shopping experience in your store.

A customer service oriented dollarstore is a consciously focused on making every customer the center of attention. Everything that is done is tied back to the customer. In this article I present 8 steps to building a customer service centered business.

While some store owners have chosen to become victims of the increases others have chosen to diligently work to reduce the COGS for dollar store merchandise in their stores. In this article I present 5 tactics to lower cost-of-goods-sold.

Starting your own new business has many challenges, especially when it’s a dollar store. To learn more just read on. In this article I present you don’t need to go it alone when opening a dollar store.