The holiday season is a crucial time for small businesses. According to Bain & Company, holiday retail sales are projected to hit $915 billion this year, up 7.5 percent from 2021. That means there's a lot of opportunity for small businesses to increase their revenue during this time of year—but only if they're prepared.
Creating a holiday strategy may seem daunting, but it doesn't have to be. If you take some time to plan ahead and get organized, you can make sure your small business is ready for the rush of holiday shoppers. Here are a few tips from the Floral Park Chamber of Commerce on how to get started:
One of the first things you can do to get your small business ready for the holidays is to start adding seasonal decor. This will help create a festive atmosphere in your store that will put customers in the holiday shopping mood. But beware—too much decor can be overwhelming, as The Simplicity Habit notes, so stick to a few key pieces that complement your regular store design.
The influx of customers during the holidays may require you to hire some additional help. Seasonal employees can be a great way to give your regular staff a break and free up some time to handle other tasks. When hiring seasonal help, be sure to look for candidates who are friendly, outgoing, and capable of working in a fast-paced environment.
The holidays are also a great time to give back to the local community. There are numerous ways you can give back, such as hosting a food drive, donating toys to a local children's hospital, or volunteering at a soup kitchen. Not only will this give you an emotional boost, but it will also generate positive publicity for your small business.
Finally, don't forget about attracting last-minute gift buyers who are looking for quick and easy solutions. To appeal to these customers, make sure you have plenty of gift cards on hand and offer express shipping options for online orders. You can also promote last-minute deals through social media or by setting up an eye-catching display near the entrance of your store.
By following these tips, you can make sure your small business is prepared for the holiday season rush. By taking some time to plan ahead and get organized, you can make this season your best one yet!
Access even more great resources to help your business grow and thrive in our community by joining the Floral Park Chamber of Commerce.