Unless you work at McDonald’s, chances are the answer is, “No.”
The 20% 20% 60% Rule of Retail say’s, “20% of the people who come into your store WILL buy something regardless of what you say or do. 20% will NOT buy anything regardless of what you say or do. 60% WILL buy or NOT buy depending TOTALLY upon what you say and do.” When you reach that 60 you get 80.
Obviously the percentages will vary slightly depending upon your product. The “WILL BUY” percentage will be a higher in a convenience store than in a high end jewelry store, art gallery or furniture store, but the principle is the same.
The person that is face-to-face with the customer plays a bigger role in the buying decision than anyone else in the chain of events leading up to the customer entering the store.
It’s sad to see a great location with great fixtures; fabulous marketing and great merchandise at fair prices fail due to poor service. It happens every day!
Anyone can sell to the first 20%, and no one can sell to the second 20%. To capture more of that 60% be sure that customers are greeted in a sincere manner, given the information that they need to make intelligent buying decisions, and aided in making those decisions.

This entry was posted on Wednesday, January 20th, 2010 at 8:24 pm and is filed under Retail Selling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.