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Did you realise that magazines represent around 40% of your total in-store turnover. Not including Lotto sales this is representative of and average Newsagents situation. Check your figures and see.

 

If your total magazine turnover is $200,000 per annum, you have average weekly sales of $3,850.00. You sell $56.00 worth of magazines per hour (10 hour day).

 

If you increased just 24 specific magazine sales each week and sustained those increases you would increase sales $31,980.00 per annum. If you promoted 4 other magazines on only 4 separate occasions using our simple strategies over 12 months you could increase your sales by a further $9,600.00. If you picked up a reward along the way the end result can be that you have increased your sales by $44,080.00. That’s an increase of 22.04%. That is $12,895 Gross Profit, which if you used systems I have been recommending in my article over the part 3 years you will not incur any costs so the $12,895.00 becomes Net profit for you to spend on what ever you want.

 Could you do with an extra $247.98 per week? That’s only the start. Imagine if those customers chose to always buy from you and only from you from now on!

 

5 Things you need to be successful in your Magazine Department.

 

1. Focus 

 

2. Commitment  

 

3. Persistence  

 

4. Strategy  

 

5. Deadline

 

Contact Us now to learn how you can take control of your Magazine Department!

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