Make 20% More in 30 Days
Jul 31, 2023
I'm beyond excited to share with you the secrets that have helped my top boutiques make millions of dollars. And the best part? You can apply these strategies to your boutique right now and see a 20% increase in your business within the next 30 days. Sounds incredible, right? Let’s break down how you can make 20% more in 30 days!
Make 20% More in 30 Days
Crunching the Numbers: The Power of 20% in 30 Days
So, picture this—I'm sitting down, brainstorming ways to achieve 20% growth in my boutique business. It might seem like a daunting task at first, but trust me, it's totally doable. Let's do some math together. If you're currently making $1,000 a month, a 20% increase would mean an extra $200 in your pocket. Even if you're making $8,000 a month, that's still an extra $1,600 to play with. And here's how you can make it happen.
Leveraging Inventory
First things first, you need to take a good look at your inventory. Don't worry if you're low on stock; we'll work with what you have or what you plan to buy. Identify what's been selling well and what your customers love. Now, here comes the fun part—instead of buying the exact same products, go for what I call "sister or cousin" items. These are products that share similarities with your top sellers but offer something slightly different, like a new color or print. Your customers will be intrigued, and you can even charge a bit more for these variations.
Strategic Pricing
Now, let's talk pricing. I can't stress this enough: don't undervalue your products! Many boutique owners tend to underprice, but you deserve to be compensated fairly for your efforts. Add a small markup, maybe $2, $4, or even $6 to your prices. And don't guess it; ask your ideal customers how much they'd pay for the product and what they value in it. It's crucial to price your items accurately to reflect their worth and appeal to your target audience.
Smart Buying Decisions
To get those fabulous margins, you need to make wise buying decisions. That's why I've put together a free "Where to Buy Inventory" guide, which lists reliable vendors offering high-quality products at great prices. By shopping smart, you'll be able to charge more for your items without breaking the bank.
Maximizing Existing Inventory
Now, let's not forget about your existing inventory—it's essentially money sitting on your shelves. Make sure to give each product the attention it deserves. Take crisp, clear photos, and if possible, style them with other items, even from your own closet. Personalized images and styling examples make a huge difference in attracting customers and driving sales.
A Holistic Approach
Here's the thing, achieving 20% growth isn't just about buying and selling products—it's a holistic approach to boutique management. Keep trying different strategies, and don't be afraid to experiment. I've designed a sales and inventory mini-course that outlines a step-by-step strategy for success. I've seen boutique owners retire their husbands and hit six-figure months using these exact techniques.
Make 20% More in 30 Days
So, if you're ready to take your boutique to new heights and experience a 20% growth in the next 30 days, check out my mini-course at boutiqueclasses.com. Believe me, it works like magic! I'm incredibly passionate about helping boutique owners like you succeed, so I can't wait to see you on the other side. Together, we'll make lots of friends and lots of money. Cheers to your boutique's incredible journey ahead!