March 31, 2020

How to Take Advantage of a Holiday Sales Spike

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For some companies and business owners, the holiday season is the best time of year in terms of sales and generating revenue. Whether you are an entrepreneur or a seasoned business owner, knowing how to take advantage of a holiday sales spike can significantly impact the overall success you achieve each year. Here are some things to keep in mind when preparing your business for a sale.

Keep Walkways Clear

If you are the owner of a storefront or a brick-and-mortar store, it is imperative to keep walkways outside of your property clear and free from ice and debris at all times. Ensure that you salt and protect each walkway surrounding your business during the cold and wet months to prevent injuries and encourage more foot traffic into your store.

It is also imperative to keep all walkways to your store or place of business clear from ice, damage, cracks and other risks as this may leave you legally accountable for any accidents or injuries that occur. Always verify that you have proper liability insurance for your business and storefront, especially if you live in an area where ice and snowstorms are common or expected each year.

Hire Seasonal Employees

Statistics show that holiday sales account for 20 to 30 percent of profits in most industries, which is why so many employers and companies hire seasonal and part-time workers throughout the busiest times of the year. Consider hiring temporary employees during your busiest holiday months to minimize full-time payroll taxes while also ensuring that your current employees do not become overwhelmed and too stressed out to continue working for you. Additional help on the sales floor and throughout your store can dramatically improve the overall environment and atmosphere in your workplace, especially during busy, hectic and stressful times of the year.

Get Creative Using Social Media

Social media is a great tool for promoting holiday sales and generating interest in your brand and business. Using social media is an effective way to generate brand awareness while also garnering support from new followers who may become loyal customers. Getting creative with the use of social media is possible by hosting contests and giving back, especially during the holiday sale season. Social media is also a great way to share special sale codes that can only be used if they follow your page or subscribe to your newsletter. This is a great way to bring in more attention for your business.

Big holiday sales can seem daunting. As a business owner, knowing how to take advantage of a holiday sales spike can make or break your company each year. With the right plan of action, you can expand your reach while maximizing the revenue you are capable of generating.

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