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Auntie Kate The Resale Expert

Kate Holmes of TGtbT.com talks with consignment, resale & thrift shopkeepers about opening, running, & making their shop THRIVE!

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Cultivating future revenue in your consignment or resale shop

July 25, 2011 by Auntie Kate of Too Good to be Threw

Whenever two or more resale shop owners or managers get together, the stories of dealing with customer complaints, misunderstandings, or outright fraud are deep and impassioned. I observed this lately, and you should have seen the body language!

The newer shopkeepers sat on the edge of their chairs, shoulders hunched and eyes ablaze.

The time-tested shop owners and managers? They were relaxed and had smiles hovering over their faces. What did they know that the newer folks didn’t?

That it’s all a part of shopkeeping life. Nothing to stress over. Especially the thought, which drives newbies crazy, that they might have to give up some money, whether it’s a refund, an adjustment to a consignor’s portion of a sale, or even a gift card to a client who feels she’s been wronged.

Your consignment, resale, thrift shop has potential: let it thriveI try, in these situations, to advise the belabored shopkeeper to concentrate on righting the wrong, learning from the confrontation… and to consider

any expense to calm an upset customer, a cost of business

that goes into your advertising budget. It’s money spent, actually, on advertising your business, but even better, it’s money spent

Cultivating future revenue.

Solving a relatively small problem now… is cultivating future revenue for your business. It’s an investment in your business future. Let your business grow. Solve the problem. Sure, it might cost you money.

But how much money will it cost if you ignore the problem?

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Posted in economics of resale, Shopkeeping talk | Tagged advertising, customers | 2 Comments

2 Responses

  1. on July 25, 2011 at 9:50 pm Saige Consignment Boutique's avatar Saige Consignment Boutique

    Absolutely! It’s an investment.


  2. on July 25, 2011 at 6:52 pm jane's avatar jane

    so very true!



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