Selling statutory paperwork in the newsagency
Statutory forms such as a power of attorney and a statutory declaration continue to be good sellers in the newsagency. Like any inventory item they need to be tracked. We do this with hot keys on the POS screen so as to not damage the paper base items. Every item sold without being tracked is a theft opportunity. We can stop this through our say to day management decisions. Sadly for them, not enough newsagents do this.
Olympics opportunity for newsagents with a unique part series
Pacific Magazines has provided what looks like a winner of a part series in the lead up to the olympics. This is also something people could purchase over time to create a set as a Father’s Day gift. While it is in supermarkets, we can be more engaged with placement with newspapers, at the counter and with weeklies. We ought to sell out of this title.
Celebrating White magazine
I received a terrific press release late yesterday from the folks at White magazine, which I share here for the insights it provides for newsagents who sell the wedding title…
Your favourite wedding, marriage and relationship magazine has come of age.
20th June 2016: white magazine has introduced a more honest and authentic outlook into the wedding sphere, presenting a completely reimagined publication for their now global readership.
This coming of age story began in 2007 when newlyweds Carla and Luke set out to create something that would bring about a positive change in the culture of marriage. They founded an independent wedding magazine that was more authentic and exquisitely designed than others on newsagent stands and their readers have always loved them for it. This year, the publication reached the incredible milestone of 31 issues.
Like many of us when we reach our 30s, white has come to a true turning point in its life. “Over the years we have helped so many couples create the most incredible wedding celebrations with the help of some of the most talented people in the wedding industry. We’ve pushed the boundaries and delivered page after page of beauty, honesty and inspiration,” shared Carla Burrell, whitemagazine’s Founding Editor.
“It has been an incredible journey for us, but one that has now given us the confidence to dream bigger and focus more on the reason why we created the magazine and our fast growing blog; to come alongside couples to guide and encourage them in the great adventure of marriage. To do that, we decided to turn the magazine on its head!”
What has emerged is a grown up wedding magazine that celebrates marriage as the starting point for the incredible journey couples have chosen to make together. It rejects the throwaway culture of marriage and seeks to bring back the notion of true love, sparking a fire into relationships that go the distance.
World-class writers, photographers and creatives have been brought together to take readers on a journey that begins as soon as they choose to spend the rest of their lives together. It helps them to craft a truly meaningful and unique celebration that sets the tone for their adventure, and stays with them through the everyday challenges and joys of their marriage. “This is where our heart is and we’re excited to inspire our readers on a whole new level,” says Carla.
white has refined its aesthetic with breathtaking, fine art layouts designed to inspire couples across the world on a whole new level. Amongst the lovingly designed pages of this new look Issue 31, readers will find extraordinary adventures of couples journeying the wild unknowns of marriage, discover how building your own tribe can enrich a marriage, see beauty redefined, learn about true vulnerability and hear stories of love from all walks of life. They’ll be inspired with words by Lisa Messenger, Choechoe Brereton, Erica Bartle and Richard Miller teamed with the incredible work of acclaimed and leading photographers Logan Cole, James Frost, James Bennett and Luisa Brimble.
Using a GoPro to learn more from shopper movement in the newsagency
We have been experimenting with a GoPro camera attached to a register terminal at the far corner of the counter in the newsagency, placed such that we can see people entering the business, where they head, how long they are in-store and whether they purchase.
The vision from the GoPro camera is another data point useful in understanding what happens in the shop and useful in guiding business decisions based on the data.
Using a GoPro like this is more useful than a fixed CCTV as it is flexible, it an be moved as needed and placed in different locations for different occasions.
Being small and portable, the GoPro could easily be situated to show people walking past the shop. On playback you could see those who look in the window and stop as well as those who walk on by without even noticing the business.
The opportunities are terrific. I see the Go Pro as being especially useful in businesses that are changing and attracting more than the regular shopper who can be as store blind as those who work in the business.
I have written here previously about the value of sitting outside the business and looking in, watching shopper movement. This camera offers similar benefits without you have to commit so much of your own time.
Sunday newsagency challenge: review card performance based on your data
The next time you have an account review with your major card supplier, only use your caption level sell through data and not their sell-in data. The two data points are quite different. One is about what you have purchased and the other is about what you have sold. All you care about is what you have sold.
Sunday newsagency marketing tip: check how your marketing group is promoting your business
Staying on top of advertising and marketing an be a challenge for any small business retailer in this media diverse world. It takes time and money. More important, it takes skill – to promote the right products in the right way to attract shoppers for the business in-store and online. Experts say between 70% and 80% of purchases have an online component.
Marketing is what newsagents usually expect from a marketing group, especially marketing that leverages movie franchises and major brands on behalf of member stores.
Through my work with newsXpress I know a bit about how markets on behalf of its members nationally and regionally on a range of social media platforms and in mainstream media.
A good example of leveraging a movie franchise has been on show this weekend with its promotion of Finding Dory products for the movie that was released a few days ago in the cinemas. In the first 17 hours of the Facebook post by newsXpress more than 1,246 people had entered the competition and more than 232 had shared the post. More important than these two stats is the 1,543 clicks on the post with many of these using the find a store facility through the newsXpress website to find their local newsXpress.
Engaged newsagency marketing groups can do the heavy lifting for local newsagency businesses. Newsagents in a group ought to expect the marketing activity of the group they are in to raise awareness and drive traffic.
Sunday newsagency management tip: check on your partner
Checks and balances on cash, inventory and other business assets is as important between partners as it is with employees. Too often I see theft occurring in newsagencies and other small retail businesses where a partner has stolen from the business.
Theft by a partner in the business is usually done in the same way and for the same reasons as that by employees.
Managing theft by a partner, stopping it, is done by having good management practices in place for cash, inventory and assets and applying the rules and requirements against everyone working in the business. Core in the management practices are checks and balances along with transparency at every step.
Discovering theft is often too late for any effective recovery for the business.
Pressure on ink consumables for newsagents
With manufacturers promoting long life printer cartridges and ink bundles offering two years of ink with printers, the ink and toner consumable marketplace looks set to be under pressure as more of these printers are put there.
This move by the printer companies is their response to generating products being sold.
This is a trend newsagents who rely on ink as a traffic driver need to watch and take into account in their business planning. The major printer retailers are on board with large displays in-store and posters on store windows promoting these large tank and similar printer options.
Has GNS Toner crossed your path?
I have heard from a customer about GNS Toner and did some digging to find out more about this business, checking who is behind the company and who registered the domain name. GNS Toner has no connection whatsoever with GNS. I would be interested to hear from any newsagents who have heard about this business or had interaction with them.
Collectible bear event in Melbourne
We are hosting a special collectible bear event in Melbourne later today at my newsXpress Southland store from 2pm onwards, at Westfield Southland.
This is a premium collector event that includes several activities through afternoon and evening. We have an expert who will share how bears are designed and made, another with wonderful knowledge on the exclude hand made in UK Willow range and bear collectors keen to share their passion.
To keep participants refreshed we have arranged cake and coffee from the Fergusson Plarre located opposite us.
We have promoted the event as a Facebook event, using social media to attract new shoppers.
While we are targeting collectors, we are also seeking to attract those who do not currently collect buy may collect. Oh, and by collectors, we mean any premium plush collector – of bears, dragons and other characters, people who are happy to spend anything from $100 to $750 on a purchase.
A core goal of this event is to find new shoppers people who would not usually shop with us and who may not shop in a newsagency. The event and the marketing of it play against assumptions, they challenge what people expect and through this have them look at us differently.
I think this is something we need to do in our businesses – we need to range product, host events and market the business ignoring what people expect from our type of business. We need to not allow our shingle or shopper expectations for our type of business restrict shoppers we can attract or what we can achieve.
We will know by tonight how the event has gone. Success will be measured by revenue, new customer contact and feedback from those with whom we have connected through the marketing, and this has been happening through the last two weeks. In fact, the learnings already have been terrific.
FYI here is the text of our social media marketing yesterday. I share it to show the style we are going for:
We are very excited to be bringing the beautiful range of hand made in the UK Willow Bears to Westfield Southland (in Melbourne) tomorrow from 2pm for a very special showing. If you love beautiful bears you will not want to miss this event at newsXpress Southland. There will be cake. www.willowbears.com.au
If you happen to stop by and check out the event, be sure to introduce yourself.
Tatts launches The Lott on mobile
Tatts has switched from its state-based branding to the The Lott for the App for mobile devices. This move makes the years-long transition for retail concerning for retailers and confusing for shoppers. If I play on the app am I going to forget about brands like Golden Casket or Tatts?
While I understand tatts had no choice because of the various online competitors, it appears to have rushed the move for itself and not thought through the implications for its retail network. I suspect that has to do with the capital cost of change. However, to that I would say the branding change is being driven by tatts so they ought to bear the cost of the change.
There is one screen in the App that connects The Lott with Tatts:
If I was a Tatts retailer I would be working to achieve clarity on exactly what is happening with the brand into which I have invested so much money as the move by tatts immediately devalues the capital investment tTatts has required me to make. I’d like an independent authority to assess the situation on behalf of small business retailers.
Terrific book opportunity for country newsagents
Alice Mabin, the author of The Drover, a successful book for many newsagents, has launched The Driver, an excellent extension of her services. You can contact Alice here: alice@almabinphotography.com Here is a look at The Driver and details about the book.
FYI I have no commercial relationship with Alice.
This is the one reason why you will want to get serious about stock control
It shocks me when I hear of any retailer selling items for which they do not track movement, While they scan items when they sell them, to get the price, they do not ‘receive’ new stock into their POS software.
Not tracking the movement of all inventory in the business sets the business up for certain failure.
Not tracking stock makes the business considerably more vulnerable to theft. The evidence supporting this claim is irrefutable.
If you are serious about reducing the cost of theft in your business you will track stock.
If you are not serious about reducing the cost of theft in your business you will not track stock.
Yes, it is as simple as that.
Not tracking stock is a dumb move. It is like saying come on and take what you want, because I will never know what you take, I won’t be able to report it to the police, I will not be able to claim it on insurance, so come on in and steal from me. Better still, all my employees – it is open slather as you know for sure that I don;t track anything.
Yes, not tracking stock from the moment it arrives in the business is dumb, stupid. Those do not not track stock get what they deserve.
There are no excuses.
Plenty of suppliers provide electronic invoices. Receiving stock into your software is fast, easy and leads to accurate pricing.
I have stories, many stories, of extraordinary theft in retail businesses including small business newsagencies, amounting to. in some cases, hundreds of thousands of dollars, where theft of cash would have been caught much sooner had all stock been tracked.
It is not the fault of the POS software if the business owner chooses to use it badly. Just as it is not the fault of the car maker if the driver makes poor driving decisions.
I urge you to ensure all stock coming into your business is tracked from the moment it arrives. Do not put it off. If you don;t know what yo do, ask your software company, they are sure to have free training you can use to learn and get this under control.
The benefits will be less theft and better business decisions based on accurate data.
Gordon and Gotch call waiting time at 1 hour + for newsagents
Several newsagents contacted me today about call wait times with Gotch of an hour and more. The impact on productivity is extraordinary. magazine publishers ought to lobby Gotch to improve this urgently as it is sales of their magazines that are impacted.
I am posting there here for the newsagents who asked me to place the topic.
Back to basics: scanning training is important for retail employees
Does everyone working in your retail newsagency know how to scan barcodes?
I urge newsagents to check in with everyone working in their businesses, to see how they scan. Inaccurate scanning can result in register over rings, under rings, inaccurate inventory data … and more problems than these.
Please don’t dismiss this advice as professional scanning reflects the professionalism of your business.
I was talking with a newsagent last week about a theft problem that was not discovered as early as it could have been because of the lazy approaching the business to scanning. I know of another where customer throughput at the counter is regularly impacted by poor scanning techniques.
So, take a moment to check that your employees scan professionally:
- Be aware of where barcodes are located on products.
- Do not put price labels over barcode.
- Pass a barcode across the scanner once.
- Pass from one side to the other, always following the same path.
- Only hold one product when you are scanning.
- Rapid movement back and forth does not assist scanning.
- Rubbing a barcode on a scanner does not assist scanning.
- Hitting a scanner with a product, barcode facing toward it, will not assist accurate scanning.
- Scanners should only be cleaned with screen cleaning cloths, using an abrasive cleaner will not help the scanner.
- Place the scanner on the side of the register than the majority of employees prefer – knowing left handed employees will have a different preference to right handed.
While this topic may seem to be of minor interest, there are plenty of retail businesses I have seen where following the simple steps above will improve accuracy, shopper throughput and data integrity.
Ensuring the Pacific Magazines promotion is top of mind
We have a small reminder of the titles that are part of the Pacific Magazines $150,000 competition placed just above the Point of Sale screen at the counter. This placement is as a reminder to team members from their side of the counter about the promotion and the titles involved. Since this is a newsagent-only promotion, anything we can do to reinforce this the better for us.
Sunday newsagency challenge: list what hasn’t sold
Go to your software and run a report listing stock on the shelves for which you have not sold one item in the last six months. In most newsagencies where I run this report the owners are shocked as it lists the value of this dead stock. A common response is to do nothing about it. I tell people buying newsagencies to not pay wholesale for dead stock – it should be discounted by its age.