Showing posts with label retail strategy. Show all posts
Showing posts with label retail strategy. Show all posts

Monday, February 18, 2013

Do not Make This Business Mistake!

Many businesses, both in the Internet business and offline business, whether successful that later business can thrive;-and instead they ended up bankrupt, never made a business mistake. Those who are successful are successful then learn from his mistakes. Instead they are bankrupt, did not have time to immediately correct the mistakes that they have created.
So, in this post summarized business lessons from the mistakes made.

1. Far from consumers. Sometimes when a person has begun to be successful, they are getting away from the consumer. Yet when it started happening, fall means the business started. Because you do not know what the needs and desires of consumers is growing. And it's like letting "your business is digging her own grave".

2. Lack of focus
. Many businesses who then lay the loss of focus. They do not focus on its core business. So then it is not the core business of developing and it is so screwed up that designed the original business concept.

3. Mistakes on recruitment. Other businesses are errors in HR recruitment. When you do not get the right people for the kind of work that should be addressed. This will obviously affect the performance of the company you build.

4. Obsessed. One mistake that many business people are too obsessed done to make the business was growing very fast and great. As a result, there is little that then there desperate to borrow loans to expand the branch up here everywhere. Though new business for the rest of corn.
In my opinion, the initial goal is to build a business that generates profits, so someday become a big business. Because of these advantages, the business can thrive and be great.

5. Financial mistakes. Poor financial management can be the cause of a roll mat business. Financial uncontrolled causing joints crippled business one by one.

6. Do not have the vision and strategy. When a business owner does not have the vision and strategy of how to grow the business, that means it's time the business will be going nowhere, stuck, and not going anywhere.

When you start to build a business, would you want a successful business. Therefore businesses learn from mistakes ever made is important. So that you do not need to go through the mistakes others have made, and you do not need to make the business ruins.

Sunday, February 17, 2013

Engage Your Customer - Write About Benefits

Think quick. In 10 seconds, can you list the 5 key benefits you offer your customers?

I bet you said "Yes". But are you sure you listed benefits? If you'll bear with me for another 10 seconds, I'd like to test out a theory on you.

Recap your answers – maybe even write them down. Now list the 5 main things your business does. In other words, what are your 5 core services? What are the 5 core features of your product?

If your first list looks anything like your second, chances are you're mistaking features for benefits. As a result, it's likely that your marketing materials aren't engaging your customer. Customers don't want to know what you can do. They want to know what you can do FOR THEM.

Don't talk features – talk benefits.

Don't be alarmed. You're not alone. Most business owners and marketing managers are so close to their product or service that they have a lot of trouble distinguishing benefits from the features of their offering. Ask a web host "what are the benefits of your service?", and you'll likely hear something along the lines of, "we offer load-balanced server clusters." But that's not a benefit… that's what they do. The benefit is superior uptime and performance.

In fact, so many people think features instead of benefits that it can work in your favour – to dramatic effect. If you can accurately identify your benefits, and convey those benefits to your market, you'll be light-years ahead of most of your competition. You'll be converting leads into sales while they're still bogged down trying to promote features.

So if you've ever sat down to write a sales letter and wondered how you're going to grab your reader's attention, or you've ever gone 'round in circles writing draft after draft of web copy without ever hitting the mark, now you know where you were going wrong.

The only question remaining is, how do you do it right? Advertising copywriters and website copywriters do it all the time – and most of the time, they do it with benefits. Benefits are the copywriter's holy grail. But if you're not a seasoned copywriter, how do you identify the benefits you offer your customers?

There are any number of ways to identify the benefits you offer. This article discusses just three:
1) Customer Research
2) Speak to Your Sales Team
3) Make it Easy for Your Customer to Get Buy-In

The method you choose depends on your time constraints, budget, and level of customer interaction.

1) Customer Research
The most obvious way to identify benefits is to ask your existing customers. They're spending a lot of money on your offering, so you can be sure they know what benefit they're getting from it. (In many cases, it can be handy to ask them what benefits they'd like to be getting from you too!) Unfortunately, like everyone else, your customers are busy people. In most cases, you won't get useful feedback by simply sending an email enquiry. You have to make it easy for them to respond, and you have to make it worth their while. Think about questionnaires and surveys for quantitative data, and interviews and focus groups for qualitative data. These are the simplest techniques, but you still have to make sure you interpret the results appropriately. And always remember that they're self-report methods. People will sometimes tell you what they think you want to hear. (That's also why you have to word your questions very carefully – try not to ask leading questions.) Of course, there are plenty of other research techniques around. Do a bit of homework and find the methods which best suit your business requirements. But don't get carried away by the possibilities. All the research data in the world is pointless if you're not talking the language of your customer.< 2) Speak to Your Sales Team
Sadly, not every business can afford to invest in market research. If your budget doesn't stretch far enough, try talking to your sales people. They're out in the field every day, talking to customers. And because their livelihood depends on their success in engaging customers, chances are they'll be able to tell you what your customers want to know. (A word of warning, though… Be careful not to make lofty promises. Unlike your sales team, written collateral doesn't generate a rapport with your customers. Customers won't make as many allowances, so you can only stretch the truth so far in writing before your credibility suffers. What's more, if you do push the boundaries, you're more likely to be held to your word!)

3) Make it Easy for Your Customer to Get Buy-In
If you don't have the budget for in-depth customer research, and you don't have a sales team, a good tip is to imagine how your customer gets buy-in from their boss. Quite often, the decision maker is someone higher up the food chain than your direct audience. Your audience will probably be the key stakeholder – they'll be the user of your product, or the recipient of your service. But when they find an offering they like, there's a good chance they'll have to sell it to someone further up the line. If you can make this sale easier, you'll have a foot in the door. Don't just appeal to the sensibilities of the direct audience. You also need to ask yourself what they need to know to convince the decision maker. If the decision maker is a CFO, think Return on Investment (ROI) and Total Cost of Ownership (TCO). If the decision maker is a CIO or MIS, think performance, technological sustainability, availability, manageability, and ease of integration. If the decision maker is a CEO, think liability, risk management, and ROI. And only use jargon to prove you know your stuff. Remember… tag line will probably have the ultimate decision maker scratching their head, not reaching for their cheque book.

There are many many more ways to identify benefits. This is just a very superficial snapshot of some techniques you might like to try. At the very least they'll get you thinking benefits.

In the end, the message is simple. Forget all the fancy talk about complicated revolutionary marketing principles. Forget new-age hard-sell advertising quick-fixes. Forget looking to so-called "experts" for solutions. Just think benefits. And if you can accurately do that, the rest is just mechanics. Once you know what you want to write about, you just need to put pen to paper. And that's a whole another story!

Friday, February 15, 2013

Basic Attitudes In Serving Customer

Each employee must provide services by placing himself as a consultant to all customer that comes into the store. The attitude of an employee is a reflection of the company's attitude towards its customers. If the employee is bad in terms of customer service, then the corporate image is also bad in the eyes of customers. So, it is important to communicate to the employees about the good service to customers.
In general, the basic attitude of good service to the customer are:

1. relax
This means :
- Use non-formal language, according to the character of the customer being served.
- Show a confident attitude
- Able to create a fun and friendly atmosphere

2. Prioritize services to customers than other activities.

3. Do not obtrude.

4. Required to provide information on:
- self-identity
- product advantage
- ongoing promotion

5. Always show an attitude ready to serve any time.
Things that are considered not show a service attitude is:

- Receive or play Telephone / Mobile in the store floor
- Indifference
- Joking and huddle with fellow employees
- Relying on the product display,door, display window, etc
- Stand idly Attitudes

Wednesday, February 13, 2013

Build Your Warehouse, and Expand Your Store Area

When you open the store for the first time, maybe you have a few of the quantity and diversity of products. You do not have a lot of quantity and product variety was limited to best seller category. This closely related to your business financial.

But over time, your business is sure to grow. The manufacturers began eying your business and hope to become your supplier. Similarly, customers demand on your product is rapidly increase. Of course you will compensate it by increasing the quantity of products and increase the variety of products that you sell in your store. Now you need a warehouse to store your merchandise products. It is time you should build a warehouse and even expand your store area. If necessary, you should have your own store building, and no longer hiring.

The robustness of a building determines operational stores processes that you run; so purchasing building materials such as steel frame building should be an important consideration and maybe the first list to consider. For building materials, one recommendation is FLGB. FLGB material is very strong and durable so that you are not too much bothered with the building repairing cost at a later date.

Thursday, February 7, 2013

Importance of Point Of Purchase (POP) In Retail Business

When we went shopping for food, clothes or a car, we will be given many choices, and too much choice. Are we going to choose a brand familiar to us, or we take the challenge to try a new brand?

With so many choices faced by consumers, then they will be very easy to become overwhelmed, and they tend to give in to the decision making process by buying products that are already known rather than try something new! But even if we wanted to try a new product, customers do not even know where to start. Too many POP materials and communications issued by the maker of brands talk about the features of their products and completely forgot to talk to the benefits - in a product. Benefit-driven communication is the best way to talk to customers. Is the brand more efficiently? Providing time-saving or cost-effective?

At the store, merchandising and point-of-sale (POS) is a very important thing to make a connection with the customer to encourage impulse sales. To catch the eye of consumers, brand owners and retailers need to constantly create innovative Point Of Purchase (POP) in the store to attract attention. Without attracting attention and communication, many consumers often overlook new products or specials and consequently buy products that are familiar and already trusted.

Business retailers want to ensure that their brand is in stores and available to consumers. Here are the things to watch out for doing that:

Packaging: This is the most important brand POP. This is the part that will continue to work everywhere: on the shelf, in a store, in the kitchen, at home, anywhere. It's all about originality! A brand needs to have a unique character and personality and more importantly talk about the benefits.

POP: Using a unique visual elements and colors that describe a brand in order to attract customers. Creating effective POP on shelves, cell phones, coupons, or digital media are some tactics that can be used.

Check Out Displays: Using Check Out Displays in the store is an effective tactic to make the brand stand out. While consumers wait in line, strategy shelf "one brand" can create astonishing effects. And certainly will increase impulse buying customers.

Floor Graphics, Floor Stand, Floor or display: Usually placed in front of the store. It is an effective and creative way to direct consumers to a product! Reforming certain artistic products coupled with attractive graphic images will provide a significant effect on sales.

Effective POP can make consumers out of their routine, and this can affect the behavior of their shopping and their purchase decision. All retail businesses should be sure to do it right. However, so many cost spent for advertising, if consumers do not find them on the shelves, there will be no sale.