I am currently 29 years old and I own a retail clothing store We are going to be celebrating our first year in business Now on our first months opened, business was booming majority of the money that was made in the first months went directly back in the store for more merchandise and after 3-4 months it started to slow down it slowed down to the point where I had to take out my personal to make sure to get by Overall I know there will be good days and slow days in a retail clothing shop but It seems like there isn’t enough funds leftover and to be able to pay off the suppliers in full I don’t think I am over spending on personal stuff Any tips?
Have you collected customer data at the point of sale? If so, maybe a strategic discount to past customers would be helpful.
If you want to be really aggressive, ask them to fill out a short survey in exchange for a discount. Within the survey see if you can get to the bottom of why they came once but haven’t come back again.