Have you ever had a record breaking month followed by total
Speaker:silence? You're not alone. If your sales feel
Speaker:like a rollercoaster with highs and then worrying
Speaker:lows, then this episode will help you understand why it happens
Speaker:and what you can do to finally break the cycle.
Speaker:Welcome to the Resilient Retail Game Plan. I'm Catherine Edley and in the
Speaker:next few minutes, you're about to get powerful real world retail strategies
Speaker:from insights shared both from my guests and myself, backed up by
Speaker:my 25 years in the retail industry. Keep listening to learn how
Speaker:to grow a thriving, profitable product business. Let's jump in
Speaker:with this latest episode. A few weeks ago I was having a chat with a
Speaker:lovely founder. She just had her best month ever.
Speaker:Absolutely flying. She had a new product launch, she had lots of interest
Speaker:and lots of sales. But then two weeks later,
Speaker:later she had crickets, nothing. Sales dried up
Speaker:almost overnight. And even though she knew she hadn't done
Speaker:anything wrong, and she certainly wasn't doing anything different than she had been when things
Speaker:had been working well, then the self doubt really started to creep
Speaker:in. She said to me, I thought I'd cracked it. I
Speaker:thought I'd finally figured out what my customer wanted. I thought I'd finally started
Speaker:to get that momentum going and now I feel like I've
Speaker:lost my momentum and I don't know how to get it back. And then
Speaker:that's the thing about fluctuating sales. It's not just about
Speaker:cash flow. It can really knock your confidence and you start
Speaker:questioning everything. Was it a fluke? Am I doing something wrong?
Speaker:And probably the number one question that crosses people's minds when
Speaker:sales are slow, which is will the sales ever pick back
Speaker:up? Let's talk about why this
Speaker:sort of thing happens. So why do people
Speaker:have sales spikes followed by lulz?
Speaker:The reality is, is that most retail is
Speaker:extremely variable and you are seeing it more
Speaker:because the likelihood is that your volumes aren't huge
Speaker:yet. So the slightest variation in sales can
Speaker:really feel like a very big variation. And
Speaker:I've worked for many retailers for many years and I've worked with
Speaker:many clients. And even in the big retailers, even in the
Speaker:ones that were turning over a couple of billion dollars in sales
Speaker:every year, there would be quiet days and there would be busy
Speaker:days. For example, when I worked in the US I was managing a chain of
Speaker:over 550 stores. Then one store would have a quiet day, but another
Speaker:store would have a busy day. And between the two of them, it would even
Speaker:out. So first of all, just to Say that a certain degree of
Speaker:fluctuations are completely normal.
Speaker:Sometimes we see a bit of a dip in the middle of the month or
Speaker:getting towards payday. Payday does still have an impact.
Speaker:Not as big as it used to be, but it does still happen. Basically,
Speaker:there isn't a certain element to which you're going to see things
Speaker:shifting day to day, week to week. And the lower
Speaker:your sales overall, the more it's going to feel like a big
Speaker:fluctuation. Because if two sales is really
Speaker:big for you, then you can imagine that a day where you sell two versus
Speaker:a day we sell zero is going to feel very, very different. Putting aside
Speaker:for a moment the fact that a lot of the time in retail it just
Speaker:does fluctuate and you don't always know why. Often what
Speaker:we see is it starts with a spike. When I was talking to people, for
Speaker:example, the founder, who'd had their best month ever, and then crickets,
Speaker:what actually happened was they launched something new. They were
Speaker:super excited about it. It was something that they found they really wanted
Speaker:to get onto their social media, talk to their customers
Speaker:about it. They just felt very energized and
Speaker:really enthusiastic, and therefore they were
Speaker:naturally showing up and connecting with their audience. And
Speaker:often when people see these spikes, these peaks and troughs,
Speaker:then the reality is either it was just a very busy time of year, for
Speaker:example, it was Christmas, or maybe they were doing some
Speaker:kind of stock clearance event or deal, so
Speaker:that was getting people to buy. Or maybe they had a launch that they felt
Speaker:really excited about and then naturally were overcoming what many,
Speaker:many people have, which is a natural aversion to actively selling.
Speaker:So they had something that meant that there was sales. But then things
Speaker:got busy. They're fulfilling orders, they're juggling everything
Speaker:else, and they didn't have a plan in place to keep the
Speaker:momentum going. So once that kind of natural burst of
Speaker:activity happened and was over, there
Speaker:wasn't anything to help keep them going. So their
Speaker:energy fizzled out because they were doing it all on
Speaker:a very ad hoc basis. And once the energy
Speaker:fizzles out and maybe the sales start to dip, then if that
Speaker:confidence wobble comes in, then it can create this
Speaker:vicious cycle, or the cycle of doom. I often refer
Speaker:to it the cycle of doom, where confidence drops
Speaker:so you're taking less action, so your sales go
Speaker:down, so your confidence drops so you take less action, and so on and
Speaker:so forth. The cycle then maybe will start again.
Speaker:When you feel excited about something, something, or you have a launch,
Speaker:or again, it's your Peak time of year, maybe Christmas for a
Speaker:lot of people will be their peak time of year. Or back to school could
Speaker:be another one. Or January if you're in the fitness business or
Speaker:you have anything to do with weddings, because often wedding interest peaks
Speaker:in January. It can then mean that
Speaker:you're not only feeling less
Speaker:confident, but in a way, because you've been through this cycle, it can leave
Speaker:you feeling very confused as to why was it working and why is it not
Speaker:working now. So the feast and famine, as I said, it can be something that
Speaker:can be really, really exhausting for a lot of people and really
Speaker:difficult.
Speaker:So what are some signs that you might be stuck in the feast or famine
Speaker:cycle? So the first sign I'd say is that
Speaker:sales really follows your energy. So what I mean by that is, is that
Speaker:if you are showing up when you've got something new or
Speaker:exciting that you're really fired up to talk about and
Speaker:people respond to it, but when you don't know what to say,
Speaker:you disappear. That is a really big warning sign for
Speaker:me when I'm talking to founders to say, okay, there's something going on here.
Speaker:If you're allowing yourself to effectively
Speaker:be governed by your energy level, as it were, when it comes to your
Speaker:sales. So when it's exciting, when you've got something to talk
Speaker:about, you're showing up and you are selling.
Speaker:Or maybe again, it's your peak time of year and therefore sales
Speaker:maybe feel a little bit easier, then you're showing up. But
Speaker:when you don't know what to say, then all of a sudden your energy fizzles
Speaker:out. The second sign that you're stuck in a feast or
Speaker:famine cycle is that your marketing is reactive.
Speaker:So you wake up, decide what to post on that day. It's not part
Speaker:of a bigger picture. And probably if I asked
Speaker:you what your overall marketing strategy was, then you would
Speaker:be pushed to say you. Maybe it's like, okay, well, I know I need
Speaker:to talk about this, but I don't really know how all of the pieces connect
Speaker:together. And I am basically just deciding week on week,
Speaker:what do I feel like talking about today. And then the third
Speaker:sign, or the third kind of red flag, if you like, for being stuck in
Speaker:feast or famine cycles, is that you're not taking advantage
Speaker:of seasonal cycles. So what I mean
Speaker:by that is, is that it's very important for you as a business
Speaker:owner to not only understand your customer, not
Speaker:only to think about what they want in general, to really have a good
Speaker:understanding of what that customer wants. But you really need to be
Speaker:thinking about what does your customer want right
Speaker:now. And that's because
Speaker:ultimately, at the end of the day, retail is a game of
Speaker:probability. It's about you talking about the things that
Speaker:your customer is most likely to want from you at this
Speaker:particular point. So if it is October
Speaker:and the nights are drawing in and it's getting colder, what is your
Speaker:customer most likely going to want from you? Well, they're most likely
Speaker:to want things that relate to the changing season.
Speaker:So they may want things that will help them stay warm. They may want
Speaker:things that will make their house feel cozy and warm. They
Speaker:may well want things that are to do with
Speaker:Christmas because they're super organized or they're on a very tight budget
Speaker:and they want to spread their Christmas spending across the a few
Speaker:months as opposed to doing it all in one go. They might be thinking
Speaker:about Halloween. They might be thinking about
Speaker:making their home feel more autumnal, seasonal
Speaker:decorating. They may be thinking about updating their
Speaker:wardrobe with something that is appropriate for the
Speaker:winter season, getting their knitwear out and assessing if they've got
Speaker:everything they need to get them through the winter. If you sell
Speaker:equipment or outdoor sports, then
Speaker:your customer is going to be thinking about what do they need as the weather
Speaker:gets colder that they maybe don't have or maybe
Speaker:had last year, but needs replacing? For me, one of the
Speaker:red flags is when people just aren't factoring all of this into
Speaker:their forward planning. Maybe they're waking up in October and
Speaker:thinking, oh, maybe I should talk about my cold weather accessories, for
Speaker:example. But they're not getting it planned out in
Speaker:advance. Retail, as I've said before, it does
Speaker:fluctuate a lot, but it also does repeat year on year. So it's really
Speaker:important to get that plan into place. So let's flip this
Speaker:and look at it from a different perspective. What does
Speaker:actually create consistent sales? And
Speaker:the thing is that it's about creating a
Speaker:system. It's not about pushing harder or
Speaker:constantly launching. It's about building a sales
Speaker:system that can operate whether or not
Speaker:you're in the middle of a launch or whether or not you've come out of
Speaker:the launch. And it includes things like
Speaker:it's about building a sales system that can
Speaker:operate whether or not you're in the middle of a launch or
Speaker:whether or not you've come out of the launch. And it
Speaker:includes things like planning your sales calendar in advance,
Speaker:tying together your product launches and your marketing messages so
Speaker:that the two are working together, having a really clear Idea
Speaker:about what conversation you want to have every single week with your
Speaker:customer as you move through the year, knowing what your best
Speaker:sellers are and helping you focus your marketing there,
Speaker:Making sure that you can consistently talk to your customer across
Speaker:all touch points. And one of the best ways to do that is via
Speaker:email. So making sure that you're building and actually using your email list.
Speaker:And this is really important, creating a
Speaker:rhythm that doesn't rely on your energy or your
Speaker:mood. So what do I mean by that? Well, at the
Speaker:moment, an example I can give you, unrelated to retail,
Speaker:but relevant here, I feel, is that I'm currently training for
Speaker:the Valencia Marathon in December. I have got a plan. I
Speaker:have a training plan. And what that means is
Speaker:that I know in a particular week what I need
Speaker:to run in order to work towards my larger goal.
Speaker:Does that mean that I don't wake up some mornings, maybe many
Speaker:mornings, and think, ah, I'd really rather not run today? No,
Speaker:absolutely not. There are definitely days where I wake up, especially now it's
Speaker:darker in the morning, and I think, oh, you know what I really could
Speaker:do with giving this a miss. But I've got a plan.
Speaker:So I am able to say, right, the most important
Speaker:thing is I stick to the plan. I'm letting go of the outcome,
Speaker:but I've got a plan and I just have to execute on the plan.
Speaker:It's not about my motivation, it's not about the mood that I'm
Speaker:in when I wake up. It's about me knowing that I've got a plan, I've
Speaker:got a series of things I need to do and that that is working towards
Speaker:this bigger goal and it's effectively removing the mental
Speaker:friction so I don't wake up and think to myself, I wonder how far I
Speaker:should run today. I wonder what would be the best thing for me to do.
Speaker:Because that is often for many of us,
Speaker:where the block comes in. Because as soon
Speaker:as we're able to sort of say, oh, well, I don't really know what I'm
Speaker:doing, not really sure, then we almost
Speaker:immediately are able to talk ourselves out of doing something thing. Whereas
Speaker:I know I'm gonna wake up and I have to run 13km
Speaker:and this is the paces that I'm aiming for. Whether or not I hit them
Speaker:is another question. But this is what I'm aiming for, then I know that
Speaker:I just have to get up, get out and do it. And having a sales
Speaker:plan can be like that as well. Because many people, as I mentioned
Speaker:earlier, it's not something that is their natural wheelhouse. They
Speaker:don't naturally wake up every day and think, I know what I want to do,
Speaker:I want to sell my products. Most people, they love the creative side of their
Speaker:business, they love selecting the products, they love talking to
Speaker:their customers, they love the whole idea of
Speaker:having the product business. Whether or not they love the
Speaker:actual selling is another question. But if you've got a plan, if
Speaker:you've got a plan mapped out for you of what you're going to talk about,
Speaker:it removes that mental friction. It stops
Speaker:you waking up and wondering what on earth you're supposed to do that day and
Speaker:then wandering off and doing something, something else. Because we naturally
Speaker:gravitate towards the tasks that we find the easiest in our
Speaker:business. 100%. I see it time and time again.
Speaker:Whatever you enjoy the most, you will naturally gravitate towards. If
Speaker:you don't have a plan, if you're relying on energy or inspiration, the
Speaker:chances are you'll only show up when you're really excited and then you'll go
Speaker:quiet again when you either get busy or the launch has passed, or the peak
Speaker:season's past. And then you don't really know what to do. Say so. Then the
Speaker:momentum dies and the confidence takes a hit. But when you've got a
Speaker:system that supports you, one that's really sustainable, simple,
Speaker:repeatable, then everything starts to feel calmer. You show
Speaker:up more, you start to build trust with your customers and then you can start
Speaker:to look at the different ways of growing sales and the sales start to smooth
Speaker:out. So if you want to know more about the different ways to grow your
Speaker:sales in your product business, do go check out episode number 264
Speaker:of the podcast, which is called Four Ways to Grow your sales, where I go
Speaker:into more detail into the different ways that you can grow.
Speaker:But just know that if you have a plan, then you're able to
Speaker:really work on all four of those elements and then
Speaker:that helps you grow your sales overall. As I said, build that
Speaker:momentum and grow your trust with your customers.
Speaker:So if you are sitting here thinking this sounds awfully
Speaker:familiar, I'm pretty sure that I am scattergun
Speaker:with my approach. Maybe you are noticing
Speaker:that you're in the feast and famine, then I definitely recommend
Speaker:checking out the retail sales game plan. It is my
Speaker:brand new 16 week program designed just for product
Speaker:business owners like you. And right now we have the wait list open.
Speaker:So if you head to resilient retail club.com
Speaker:waitlist, you'll get £50 off when the doors open
Speaker:plus early access and some juicy bonuses as well.
Speaker:So if you are listening and thinking, yes, I really need someone to
Speaker:walk me through this process, putting together a plan, looking at
Speaker:my business, looking at the different ways of growing my sales, how to make it
Speaker:smoother and more consistent. Then you definitely want to head over
Speaker:to resilient retail club.com waitlist and
Speaker:get on the list for the retail sales sales game plan. We will be kicking
Speaker:off in early November. We will get you sorted out
Speaker:right away for your Christmas plans and then we will be together
Speaker:until the end of February in
Speaker:2026 and we'll have time to work together on putting
Speaker:together that plan for the whole of 2026,
Speaker:planning that out and giving you a really great start and a way to
Speaker:make your sales more calm and consistent. Because that's what we want.
Speaker:We want to get off the roller coaster and into the driver's seat. We
Speaker:want to go from feast and famine to calm and repeatable
Speaker:sales. Thank you so much for listening to the podcast. If this
Speaker:today's episode has hit home, feel free to share it with a friend who
Speaker:you think would benefit. Or why not tag me over on Instagram at Resilient
Speaker:Retail Club. I love to see where people are listening in when they're listening to
Speaker:the podcast. And as always, I'll see you next time week.