How to Accelerate Your Retail Profits

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Information about How to Accelerate Your Retail Profits
Business-Finance

Published on March 16, 2009

Author: ShaunMooney

Source: authorstream.com

How to Accelerate Your Retail Profits : How to Accelerate Your Retail Profits Shaun Mooney Step 1 : Step 1 Focus on Core Categories www.fastretailprofits.com Core Retail Drivers : Core Retail Drivers www.fastretailprofits.com Core Retail Drivers : Core Retail Drivers www.fastretailprofits.com Core Retail Drivers : Core Retail Drivers 70% 10% 20% Innovation Complimentary Lines 25% Core Lines Core Business www.fastretailprofits.com Step 2 : Step 2 Know the KPIs that Drive Profit www.fastretailprofits.com Profit Equation : Profit Equation Leads Conversion Rate Average $ Sale Frequency of Purchase Margin www.fastretailprofits.com Profit Equation : Profit Equation Leads Conversion Rate Average $ Sale Frequency of Purchase Margin www.fastretailprofits.com Step 3 : Step 3 Pricing Strategy www.fastretailprofits.com Golden Rule #1 : Golden Rule #1 Review Your Prices Regularly www.fastretailprofits.com Impacts of Expenses Creep : Impacts of Expenses Creep Year 1 Year 2 Year 3 Revenue Revenue Revenue www.fastretailprofits.com Golden Rule #2 : Golden Rule #2 Price To Cover All Expenses www.fastretailprofits.com Most Retailers Price at….. : Most Retailers Price at….. Cost + _______% www.fastretailprofits.com You Need to Factor In…… : You Need to Factor In…… Rent Wages Utilities Marketing Etc, etc, etc… www.fastretailprofits.com Step 4 : Step 4 Focus on 2 Key Variables in Your P&L www.fastretailprofits.com 5 Main Variables : 5 Main Variables COGS Rent Wages Marketing General Expenses www.fastretailprofits.com 5 Main Variables : 5 Main Variables COGS Rent Wages Marketing General Expenses www.fastretailprofits.com Slide 18: ? Increase Sales ? Increase Prices Reduce Costs www.fastretailprofits.com How to Improve Your Profit : How to Improve Your Profit Fast Retail Profits Program www.fastretailprofits.com Slide 20: 4 Steps Discussed + Define Your Business, Team, Customer Conversion, Avg $ Sale, Loyalty & Lead Generation www.fastretailprofits.com What You Will Receive : What You Will Receive ? 2 CDS DVD Profit Diagnostic Tool 164 Page Workbook www.fastretailprofits.com FREE Bonus Offer…. : FREE Bonus Offer…. Online Access to Retail Systems (valued at $297) www.fastretailprofits.com Slide 23: $97 AUD + p&h www.fastretailprofits.com To Order Your Copy : To Order Your Copy www.fastretailprofits.com

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