Sales Tip: Bring on the merch

March 21, 2024
Absolutely nothing sells tools better than hats and t-shirts.

One way to make some noise in your market is merch.

I’ve been in the hand tool business since 1977 and absolutely nothing sells tools better than hats and t-shirts. I just checked and you can get ok quality logo’d shirts for less than $5.00 and hats about the same.

Giving away a $5.00 hat on a $200 sale will get you a lot more business than a 10 percent discount and cost you a lot less. A $200 sale at 40 percent gross margin sale will net you $80. Subtract the five dollars for the hat and it’s still $75 in your pocket. Compared to a $200 sale at a 10 percent discount, where the price goes down to $180 minus the $120 cost, and you end up with $60 in your pocket.

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