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11/28/2011




Powering Up Profits:
Strategies for Q4




Your Presenter
Wynne Business provides consulting and education, including
live seminars and on-site team trainings, for the spa and salon
industry

• Lisa M. Starr
   – 20+ years experience in
     salon & spa industry
   – Senior Consultant,
     Wynne Business
   – Community Ambassador,
     Gramercy One
   – Consultant, educator,
     writer, presenter




                 “Good luck happens
                 when preparedness
                 meets opportunity”
                                                   Bret Harte




                                                                          1
11/28/2011




Statistics on Q4
• 75% of annual retail sales are made in
  Q4 (National Retail Federation)
• Spas often create between 50-70% of
  their annual gift card volume
• Q4 typically highest for spa and salon
  service sales
• Forecast is for 3% growth
• 41% of consumers plan to spend less
  than last year




4 Areas of Focus

• Optimizing Sales
• Staffing Concerns
• Marketing Program
• Logistical Planning




Optimizing
Sales




                                                   2
11/28/2011




Service Sales
• Seasonal menu
  enhancements
• Upsell
  opportunities
• Menu inserts
• Spa journeys
• NO DISCOUNTS!
  – Focus on value




Retailing Considerations
• Product mix
• Gross margin
• Categories
  – Giftable
  – Personal
• Your brand
  message
• Specialty
  categories




Visual Merchandising
• Outside in
• Sensory ambiance
  – Holiday visuals &
    color, scents, music
• Lifestyle groupings
• Function groupings
• Connect the dots
  for clients




                                   3
11/28/2011




Merchandising Tips
• Minimum 6 of a
  product
• Soldier lineups
• Tables, risers
• Lighting
• Grab ‘n’ go
  – Selection of boxed and/or
    wrapped items
• Props




Gift Baskets
• Pre-made
• Custom
• Array of price
  points
• Include gift card
  – Feels more personal




Gift Cards
• Holiday GWP &
  PWP
• Gift Card
  Presentation
  – Box, envelope, bow
  – Service menu
• Database building
• Virtual option




                                        4
11/28/2011




                  Staffing
                  Concerns




Customer Service & Support
• Identify holes in
  schedule
• Service Sales Support
  – Heavier appointment load
  – More 1st timers
• Front Desk Support
  – More SHOPPERS; need to
    think like a retailer
• Gift Card Sales




Technicians & Therapists
• Look at schedule by
  ROOM or STATION,
  not by person
• No shifts in the
  middle of the day
• Identify spots for
  newcomers
• Sub-list is a great
  way to hire




                                       5
11/28/2011




             Tuesday 10/6       Wed 9/8         Thurs 9/8   Fri 9/6   Sat 9/6   Sun 10/5
            Sally 10-3      Sally 9-2
Massage 1   Paula 3-6       Brad 2-5, Pat 5-8

Massage 2
Massage 3

                            Glenna 9-4
Facial 1    Glenna 10-6     Jody 4-8

Facial 2
Facial 3

Mani 1      Joanne 10-6     Hannah 9-5

Mani 2
                            Joanna 9-2
Pedi 1      Hannah 10-6     Michelle 2-8

Pedi 2




  Hiring Temporary Help
  • Craigslist Ad
  • Sign on front desk
  • Orientation to
    company
  • Uniforms
  • Training &
    Mentoring




                                                                                                   6
11/28/2011




Sales Management
• Training on
  retailing/sales
    – Clients shop with a list of
      people, not by product
    – Open-ended questions
        • “Who are you shopping for?”

• Daily & weekly sales
  goals in each category
• Smile!!!!




Marketing
Plan




Seasonal Concerns
•   Sales per square foot
•   Black Friday
•   Small Business Saturday
•   Cyber Monday
•   40% of consumers will start
    shopping before Halloween
    (NRF)

• Early Planning + Tighter
  Budgets




                                                7
11/28/2011




Marketing Options
• External                 • Internal
  – Radio                    – E-blasts
  – Community Papers         – Social Media
  – Holiday Fairs            – Contests
  – Mall Kiosks              – Signage
  – Direct Mail
  – Print ads




Social Media Management
• Create a posting
  calendar
• HootSuite,
  TweetDeck,
  BuddyMedia
• Assign duties and
  delegate!
• Create a contest
  for clients




Don’t forget:
• Social consumerism
  – Donations
  – Charity benefits
  – Events
  – Community
    involvement
• Power of Groups
  – Team up with
    businesses that also
    cater to your client




                                                      8
11/28/2011




Provide VALUE
• It’s NOT all about
  the discount
• Help customers
  cross items off of
  their list
• Provide solutions,
  suggestions




Make it Fun!
• Celebrate the
  holidays
  – Staff uniforms
  – Hand out candy
    canes/holiday treats
  – Free samples
• Product of the Day
• Sell convenience!




                   Logistical
                   Planning




                                        9
11/28/2011




Holiday-related
• Holiday hours?
  – Nights, Sundays
  – Christmas Eve
• Hours, Directions,
  Phone on
  homepage
• Holiday party




Streamline Processes
• Separate check-in
  and check-out
  – Podiums
  – Mobile
• Gift card lines
  – Clipboards &
    paperwork
• Gift wrap & pre-
  package




Inventory Management
• Regular retail stock
• Holiday stock
• Bags, bows, tissue –
  DO NOT RUN OUT!
• Gift basket supplies
• Gift card packaging




                                10
11/28/2011




Compensation Concerns
• Holiday Pay
• Retail commission
  for support staff
• Commission for
  temp help
• Internal contests
  and rewards
  – Gift cards & prizes




                      Powering Up
                      Profits
                      Thanks for your attention!
                      Questions? Lisa Starr at
                      gotalkone@gmail.com

                      Gramercyone.com/blog

                      Facebook.com/GramercyOne




                                                          11

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Powering Up Profits: Strategies for Q4

  • 1. 11/28/2011 Powering Up Profits: Strategies for Q4 Your Presenter Wynne Business provides consulting and education, including live seminars and on-site team trainings, for the spa and salon industry • Lisa M. Starr – 20+ years experience in salon & spa industry – Senior Consultant, Wynne Business – Community Ambassador, Gramercy One – Consultant, educator, writer, presenter “Good luck happens when preparedness meets opportunity” Bret Harte 1
  • 2. 11/28/2011 Statistics on Q4 • 75% of annual retail sales are made in Q4 (National Retail Federation) • Spas often create between 50-70% of their annual gift card volume • Q4 typically highest for spa and salon service sales • Forecast is for 3% growth • 41% of consumers plan to spend less than last year 4 Areas of Focus • Optimizing Sales • Staffing Concerns • Marketing Program • Logistical Planning Optimizing Sales 2
  • 3. 11/28/2011 Service Sales • Seasonal menu enhancements • Upsell opportunities • Menu inserts • Spa journeys • NO DISCOUNTS! – Focus on value Retailing Considerations • Product mix • Gross margin • Categories – Giftable – Personal • Your brand message • Specialty categories Visual Merchandising • Outside in • Sensory ambiance – Holiday visuals & color, scents, music • Lifestyle groupings • Function groupings • Connect the dots for clients 3
  • 4. 11/28/2011 Merchandising Tips • Minimum 6 of a product • Soldier lineups • Tables, risers • Lighting • Grab ‘n’ go – Selection of boxed and/or wrapped items • Props Gift Baskets • Pre-made • Custom • Array of price points • Include gift card – Feels more personal Gift Cards • Holiday GWP & PWP • Gift Card Presentation – Box, envelope, bow – Service menu • Database building • Virtual option 4
  • 5. 11/28/2011 Staffing Concerns Customer Service & Support • Identify holes in schedule • Service Sales Support – Heavier appointment load – More 1st timers • Front Desk Support – More SHOPPERS; need to think like a retailer • Gift Card Sales Technicians & Therapists • Look at schedule by ROOM or STATION, not by person • No shifts in the middle of the day • Identify spots for newcomers • Sub-list is a great way to hire 5
  • 6. 11/28/2011 Tuesday 10/6 Wed 9/8 Thurs 9/8 Fri 9/6 Sat 9/6 Sun 10/5 Sally 10-3 Sally 9-2 Massage 1 Paula 3-6 Brad 2-5, Pat 5-8 Massage 2 Massage 3 Glenna 9-4 Facial 1 Glenna 10-6 Jody 4-8 Facial 2 Facial 3 Mani 1 Joanne 10-6 Hannah 9-5 Mani 2 Joanna 9-2 Pedi 1 Hannah 10-6 Michelle 2-8 Pedi 2 Hiring Temporary Help • Craigslist Ad • Sign on front desk • Orientation to company • Uniforms • Training & Mentoring 6
  • 7. 11/28/2011 Sales Management • Training on retailing/sales – Clients shop with a list of people, not by product – Open-ended questions • “Who are you shopping for?” • Daily & weekly sales goals in each category • Smile!!!! Marketing Plan Seasonal Concerns • Sales per square foot • Black Friday • Small Business Saturday • Cyber Monday • 40% of consumers will start shopping before Halloween (NRF) • Early Planning + Tighter Budgets 7
  • 8. 11/28/2011 Marketing Options • External • Internal – Radio – E-blasts – Community Papers – Social Media – Holiday Fairs – Contests – Mall Kiosks – Signage – Direct Mail – Print ads Social Media Management • Create a posting calendar • HootSuite, TweetDeck, BuddyMedia • Assign duties and delegate! • Create a contest for clients Don’t forget: • Social consumerism – Donations – Charity benefits – Events – Community involvement • Power of Groups – Team up with businesses that also cater to your client 8
  • 9. 11/28/2011 Provide VALUE • It’s NOT all about the discount • Help customers cross items off of their list • Provide solutions, suggestions Make it Fun! • Celebrate the holidays – Staff uniforms – Hand out candy canes/holiday treats – Free samples • Product of the Day • Sell convenience! Logistical Planning 9
  • 10. 11/28/2011 Holiday-related • Holiday hours? – Nights, Sundays – Christmas Eve • Hours, Directions, Phone on homepage • Holiday party Streamline Processes • Separate check-in and check-out – Podiums – Mobile • Gift card lines – Clipboards & paperwork • Gift wrap & pre- package Inventory Management • Regular retail stock • Holiday stock • Bags, bows, tissue – DO NOT RUN OUT! • Gift basket supplies • Gift card packaging 10
  • 11. 11/28/2011 Compensation Concerns • Holiday Pay • Retail commission for support staff • Commission for temp help • Internal contests and rewards – Gift cards & prizes Powering Up Profits Thanks for your attention! Questions? Lisa Starr at gotalkone@gmail.com Gramercyone.com/blog Facebook.com/GramercyOne 11