Christmas is looming large and for the financially shrewd shop owner this means a whole load of money making opportunities. From tailoring to the needs of Christmas shoppers to using the festive season for advertisement opportunities, Christmas is quite possibly the most advantageous period in a year for many businesses. Here are some tips on how your shop can get the most out of Christmas.
While the day after Christmas is the time when prices really get low and competitive, shops should attempt to lower the price of as many goods as economically viable, in the run-up towards Christmas. The reason is simple, many consumers go into a buying frenzy in the weeks and days leading up to Christmas, and their needs should be taken advantage of.
For example, if I’m doing a bit of Christmas gift shopping and I see a decent bargain, I’d most probably opt for it.
While the big high street retailers might be waiting for the Boxing Day sales to kick in and show their might, you should take the opportunity to lower prices in the run up to Christmas and tailor for the needs of those looking for a bargain then.
This piece of advice isn’t quite Christmassy; however it is nonetheless absolutely vital. Thousands of businesses are losing out on thousands of pounds each year due to a failure to claim tax refunds and capital allowances.
Shop owners who have made alterations, extensions or upgrades to their commercial property can claim a hefty sum in the form of a tax refund. Furthermore, those who have bought a commercial property are permitted by the HM Revenue & Customs (HMRC) to offset some of their expenditure for tax purposes.
If this is all a bit confusing, there are a variety of specialist companies that can discern whether or not you’re owed any money in the form of a tax refund by the HMRC.
Get that Christmassy feel
There’s a certain nostalgia that we all feel with Christmas. The trees, mistletoes, Santa Clauses, snow, lights, reindeers and other decorations leave us feeling like kids. Now, one of the defining features of children is the complete lack of willpower. When they want something, they have to get it.
By giving your shop a Christmassy feel, you’ll be igniting the child within many of us and this will inevitably result in an increase in customer spending in your store.
Also, Christmas decorations create a comfortable and cheerful atmosphere which is absolutely fundamental for any type of shop.