I have been in retail management for over 15 years, in both strong economies and recessionary economies. When times are good, it is easy to get teams on cruise control and be complacent about sales and profits. However, when economic times get tough, too many managers struggle with sales, margins, retention and more.
Training in tough times is as important, if not more important, than training your team during the flush times. If you did not invest in training when you had more labor, more associates and more time to manage the training, you must instill the disciplines now to train your team for success during this upcoming recessionary economy.
Train your team to be a mean, lean team of salespeople, even if that is not your current culture. Access your team's ability to upsell, to understand the product that surrounds them on the salesfloor, and to ensure that they understand the benefits of any protection/insurance type plans that you have to help the consumer protect their purchases. A recent example: I bought my son a rather expensive bike on behalf of my parents for his birthday. One of the first things that the associate told me was, "You may want to look at a protection plan. This is a large investment, and I would hate to see you spend a lot of money on any potential repairs or tune-ups." She went on to tell me with a protection plan, I would get many repairs covered at no additional charge, and one free tune-up. Okay, where do I sign? She personalized it, "I would hate to see you spend too much money". She said it genuinely, and I totally connected to her sales message. Would your associates know how to do that?
She did, as she is a well-trained associate. She sold me a protection plan by letting me know that I can spend one set amount now, or pay many painfully large amounts as my son rides his bike and the bike ensures the (ab)normal wear and tear of a nine-year-old boy! This suggestive selling is key to upgrading a customer into a different price and definitely a much more attractive margin level. Suggestive selling shows the customer that you are thinking of them, their investment, how to maintain their investment and their long-term content and happiness with the product that they are buying from you.
Train your team to be productive in several functions throughout the store, throughout the business. Often, we have associates that do one thing extremely well, we have them do that for us all of the time, and when they call in sick...well, how does that now get done? My challenge to my team has always been, "If they can do that function extremely well, let's find out what else they can do even better!". Cross-training will be key as labor budgets shrink and you are tasked to do more with less. Cross-trained teams are often the happiness teams, associates get the hours that they want, they feel productive and content with their work, and managers are more successful in managing the multitude of tasks they are challenged with every day.
Train your team to remember that the customer is king (or queen!). I cannot stress this enough. Every day, there should be a huddle or two of your opening, mid and closing associates to remind them of one single thought: "The customer signs your paycheck". You and your management team need to show the way by greeting customers, asking if they need any assistance, engaging your customers in dialogue. Train your team to LISTEN to your customers, empower them to REACT to that feedback. If a customer sees you connect to their concern and fix it, that customer will come back. If a customer does not even get greeted, they will take their precious dollars to your competition. It is that simple. I will drive a ridiculous distance to go to a retailer or service provider that listens to me.
FUN TIP: I used to walk the salesfloor with a tablet of the tiny smiley face stickers that you can get at Staples, or any other office store. I would give my associate a small sticker for every time I saw them greeting a customer, talking to a customer, taking them to what they are looking for. I would ask them to post their stickers on a huge poster board that had every associate's name on it in the breakroom. The associate that had the most stickers by the end of the week would get special kudos in team meetings. The associate with the most by the end of the month would get lunch with me, or they could be Store Manager for a day, the weekend off of their choice, or I would have them as my "VIP" associate that would walk with me when my District Manager visited. Rewards do not need to be splashy or expensive. The greatest reward your team truly desires (besides their paycheck, of course!): your validation of their hard work, your satisfaction with their job well done, your acknowledgement of how they have fulfilled the expectations you put forth.
Now, go train your team! If you still think that you cannot afford the time or energy to train them, you will really not be able to afford how your business suffers when your competition DOES effectively train THEIR teams!
Wednesday, November 5, 2008
Why Training is key to Retail Success
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment