3 Business‐Boosting Tips for Your Jewelry Business
Tuesday, July 9, 2019
Out‐of‐the‐Box Ways to Use Volume Rebates
By Wells Fargo Retail Services
American Gem Society membership brings a lot of benefits, including the consumer credit card program
and unique perks like volume rebates. By qualifying, you can earn money back up to four times a year for
the business you’re doing.
But once you have the money, should you just deposit it into your business bank account and move on
or get more creative? Here are ways to use the money you may not have considered:
- Buy Intellicheck for your stores.
Nationwide, retail fraud is a constant battle. Last year, an average 8% of returned purchases were
fraudulent, amounting to a hefty $18.4 billion.* With technology that authenticates shoppers’
identification, you could add one more layer of protection.
- Buy an iPad and sign up for Wells Fargo’s paperless process.
This simple, streamlined application and processing tool means your sales team spends less time doing paperwork every time customers apply for financing.
- Run a longer‐term financing promotion.
Not qualifying for the volume rebate? Try running a longer‐term financing promotion next quarter to see higher sales and average tickets.
The "6‐Month No Interest if Paid in Full" promotion costs dealers 1.70% every day. That’s probably less than you’re paying to accept credit cards. If this promotion helps you qualify, your cost for this plan could be as low as 1.00%, and that’s on top of better sales.
If you’d like to offer the American Gem Society credit card program, please call Wells Fargo Retail
Services at 1‐800‐577‐5191, Monday through Friday, 7:30 am to 5:30 pm Central Time, to enroll.