Trade Resources
It was new when you bought it, then when you sold the item it was "sort of new". Or was it from 1964?
How long until inventory becomes REALLY old? Do you think you could sell something that you've had in stock since 1964?
Wouldn't it be nice if getting all of the money from jewelry repairs prices was as wonderfully guaranteed as the perfume & cologne ads show for getting the person of your dreams?
We see the ads for men and women's cologne all the time. You sit in your chair; watch the commercials and dream of your secret lover. Someone, who will "take you away from all of this.
As Forrest Gump used to say: "Repairs are like a box of chocolates, you never know what's going to come in the door."
Yep! Forrest was right; you never know what's going to come in the door. But if you price it right you'll always make money. Whether it`s a simple ring sizing, half shank or rebuilding 7 channel set stones in a wedding band, you should always feel like: "it'll be a profitable sale". Why not? 90% of people say: "Ok, go ahead and fix it!"
Now's the time to plan on getting rid of those dogs in the case without "discounting".
You've heard "shoot while the ducks are flying". The month with the most traffic for your store is of course Christmas/December. This is the time to get rid of the dogs in the case. I've written a lot about old inventory in our business and "old" is anything over a year but a "dog" is easily anything over 18 months. So let's get rid of 18 month old dogs this holiday.
What to do with an old computer, no matter how old? How about telling the computer to increase shop profits!
Many stores try to conserve money by delaying upgrading their old computers and when they do upgrade to a newer Windows version (or even Mac) they wish they had done it sooner. I have bought newer computers for several reasons:
