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Public holidays can present a challenge to any business. On the one hand, you want to respect the time off that your employees deserve. On the other hand, you don’t want to miss out on potential sales opportunities. Keeping your business profitable during public holidays requires some planning and strategy. Here are some tips to help you keep your business profitable during public holidays.
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Plan ahead
The key to keeping your business profitable during public holidays is to plan ahead. Consider the upcoming public holidays and plan your promotions and sales accordingly. This will help you stay on top of your inventory and staffing needs, as well as ensure that you have adequate marketing in place.
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Offer special promotions
Public holidays are a great time to offer special promotions to your customers. Consider offering discounts or bundles to encourage customers to buy more. You could also offer free shipping or other incentives to entice customers to shop with you during the holiday season.
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Extend your hours
During public holidays, many people have more free time to shop or engage in leisure activities. Consider extending your business hours to accommodate these customers. This will give them more opportunities to shop with you and increase your chances of making a sale.
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Partner with other businesses
Partnering with other businesses can be a great way to increase your visibility and attract more customers during public holidays. Consider partnering with businesses in your area that complement your products or services. For example, a bakery could partner with a coffee shop to offer a special holiday promotion.
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Leverage social media
Social media can be a powerful tool to help you keep your business profitable during public holidays. Use social media to promote your special promotions and sales, as well as to engage with customers. You could also use social media to showcase your products or services and create buzz around your business.
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Offer gift cards
Gift cards are a great way to encourage customers to shop with you during public holidays. Consider offering special discounts on gift cards during the holiday season to encourage customers to buy them as gifts for their friends and family.
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Provide excellent customer service
Providing excellent customer service is always important, but it’s especially important during the holidays. Make sure that your staff is well-trained and able to handle any questions or concerns that customers may have. Providing excellent customer service will help you build loyalty and encourage repeat business.
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Don’t forget about your employees
Finally, it’s important to remember that your employees are also entitled to time off during the holidays. Make sure that you communicate your expectations clearly and give your employees ample notice of any schedule changes. You could also consider offering holiday pay or other incentives to make up for the fact that they’re working during a holiday.
In conclusion, keeping your business profitable during public holidays requires some planning and strategy. By planning ahead, offering special promotions, extending your hours, partnering with other businesses, leveraging social media, offering gift cards, providing excellent customer service, and not forgetting about your employees, you can help ensure that your business stays profitable during the holiday season. Remember, public holidays are a time for celebration, but they can also be a time to boost your business’s bottom line.
Bizcash is the company that has funded over R1 billion in SME investments in South African businesses.
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