
He was beginning
to see that the principles of the chassis applied to all businesses, no matter
what industry they were in.
He was beginning to see the light.
I'm starting to
realize how this could work for me, Brad, he said as we fastened our seat
belts. And I've got to admit that I'm excited and angry both at the same
time.
Why angry? I asked.
Because I should
have known about this 20 years ago when I first started the business.
I can coach you
in another 50 or so ways to boost your average dollar sale, so that anger will
soon be replaced with extra profits, I assured him as we left for our
final stop.
Charlie Meets
Ryan, the Sporting Goods Retailer, for a Lesson on Roosting Margins
I couldn't wait to
catch up with Ryan again. He had been referred to Action by a friend and
our tutelage started with a fair amount of skepticism on his part. We soon
began making some great breakthroughs, particularly in the area of improving
margins, and that was why Charlie was here.
Good afternoon,
Brad, he yelled from the tennis clothes section as we entered his shop.
I introduced him to
Charlie, who was eyeing a handsome FILA polo shirt. Why not take a look
at the new Reebok line, Charlie, offered Ryan as he led him towards the
brightly colored shirts.
I'll bet you a
hundred dollars that you're making a better margin on those Reebok shirts than
the FILAs, I said.
Now hang on a minute, was all he could manage as we burst
out laughing.
When
focusing on the last part of the chassis, it was Ryan's huge range of products
that meant we had to always try and focus the customer's attention on the
product with the highest margin.
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