Profit And Sales Management With Sharon Marrell

Show Summary 

Instrumental Teacher and Business Owner Sharon Marrell joins Episode 10 of the Profit First Podcast. Sharon shares how to improve inventory sales in your retail space.

 

Our Guest

sharon pic.2

Sharon Marrell is the owner of Marrell Instrument Repair LLC in Lakewood OH. She has taught instrumental lessons for over 35 years and repairs musical instruments. She speaks at conferences providing band directors with tips and techniques on instrument repair.

Sharon is the Lakewood Chamber of Commerce 2014 Outstanding New Member and chairs the Education Committee providing workshops for local business owners.

Sharon is also Certified Profit First Professional Coach.

 

Show Quotes

Having a small retail space helps limit what you put out on the sales floor, and prevents going overboard on purchasing.

Buying for the customer, knowing what they want – that’s what you should have in stock. Don’t stock up for that one person that comes in twice a year, or buy items because it’s what you like.

When you have too much inventory and too much set on the shelves for a long period of time, it weighs you down. Get rid of the stagment inventory through creative sales or take the loss – just get it out of there. Even selling an item online is a quick way to get some income in. Then replenish with what the customers want.

When working in close quarters with your competitor, it helps to reach out to the community. Pay attention to the customers that your competition is not. Offer faster service with quality.

 

Show Links

Sharon’s Website: www.marrellinstrumentrepair.net

www.profitfirstcoaching.com

Sharon on Twitter

Sharon Marrell on LinkedIN

 

Show Sponsors

Nextiva – VOIP phone providers for small businesses.

Fundera – Single source online funding for entrepreneurs. Also offers an adviser program for CPAs, bookkeepers and business coaches.

TSheets – The #1 customer rated time tracking solution!

Comments

5 thoughts on “Profit And Sales Management With Sharon Marrell”

  1. Sharon did a great job identifying instrument sounds, and made good sense with her business strategy. I love the “fall out of love with your business and fall in love with your customers.”

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