logging in or signing up How to Accelerate Your Retail Profits ShaunMooney Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 593 Category: Business & Fin.. License: All Rights Reserved Like it (1) Dislike it (0) Added: March 16, 2009 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript 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 You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
How to Accelerate Your Retail Profits ShaunMooney Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 593 Category: Business & Fin.. License: All Rights Reserved Like it (1) Dislike it (0) Added: March 16, 2009 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript 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