Tie Up Extra
Businesses
Tying In With Other
Businesses
There was probably a time for
many businesses in this industry when they decided they were no
longer going to be home based, and began the selection process
of finding a store front as a means of expansion.
And after
many weeks, and perhaps months of visiting available spaces, the
business owner selects what they believe to be the ideal location.
This is followed by a large amount of effort in selecting fixtures,
designing the sales floor, and deciding what will be all of the
new products that this store front will offer. It require you
to have many products so that you can pay the rent and other new
overhead expenses that you previously did not have.
You also
begin to advertise in the hope that you will attract new consumers
and businesses to your business. You will probably be pleased
with your efforts as your sales grow, thinking that you have done
a great job of bringing customers to your newly expanded business.
After you have been open for
a few years, you may have an experience similar to one that this
writer did in his business. Our business had been in the same location
for nearly 40 years. A person walked in to shop, and during the
conversation with someone on our sales floor, asked if our business
had just opened. It was explained to the customer that this was
the same business that had been in this plaza since the late 1950's,
but that the plaza and each of the stores within the plaza had undergone
a major facelift within the past 12 months.
The customer explained
that they had never seen our store before. We asked where they lived,
and how long they had lived there. Their answer was as startling
to us as our answer was to them. For this customer had lived only
five blocks away from our business for the past twenty five years.
Imagine what we thought about the failure of our advertising efforts
for all these years as we had been unable to reach this customer.
And while we had finally identified this "new" customer,
we also began to wonder how many other people were out there that
were in the same scenario.
Looking for answers to our question,
we visited with owners of other nearby businesses and asked them
how often they had customers asking for our type of shop. Their
answers were very surprising - but not in the way we would want.
When we thought about it, we
realized that we too were asked where customers could find certain
types of stores. And we were often pointing out stores that had
been in the same location for many years. The bottom line of these
experiences is that we have to think outside the traditional boundaries
in looking for our customers.
If you think this type of scenario
may be happening to your business, there is a way for you to solve
this problem. Let's look at several scenarios where you could introduce
yourself to new customers.
Have you ever made a gift basket
for someone moving into a new home? How about someone that has a
new baby? What about the person that has purchased a new car? Or,
gotten a new job or promotion? These, and other similar scenarios
will allow you to introduce your business to many new customers.
With any new home, that potential
customer is likely to visit a bank or the utility companies to arrange
for the moving of their account to the new address. Each of these
businesses has a lobby area that has chairs and a table with old
magazines. Visiting with the manager, you can easily arrange to
place a small display on that table. Perhaps a small sign explaining
your business and with a hint of, "Why not
send a 'welcome to your new home' gift basket to your spouse?"
Using
one of those plexiglass business card holders as well as asking
people to register for a free drawing each month, will get your
name in front of people as well as get you a lot of names that you
can add to your mailing list.
A similar situation can be done
with the expectant mother. Just visit the waiting room of any OB/GYN
specialist and you will see information for everything from diapers
to baby formula to paint for the new baby's room. Again, place the
sample of an appropriate basket, a drawing for a free prize, and
a humorous sign such as, "Surely, you have
friends that are in the same condition as you, don't you?"
A
car dealership showroom, the local hardware store, hotel lobbies,
and clothing stores are all examples of other businesses that
have customers who have never heard of your gift basket shop.
Likewise,
you have customers that have never heard of these other consumer
oriented businesses, and you can gain from working with them. As
an example, we had a nearby restaurant that was always referred
to as "the local dive" and was a favorite of
many of the locals. The food was great, and they were particularly
noted for their great milk shakes. Located about two miles from
our business, we knew that while we shared some customers, we
each had a number of customers that had never heard of the other
business.
We invited the business to "come over to our shop
one Saturday". They brought a small freezer filled with ice
cream and milk, a milk shake machine, and 8 ounce sample cups.
To promote their "visit" we placed signs about our shop
telling of the upcoming event while they placed signs in their
diner telling customers to come to our shop for a free milk shake.
As we watched the results on
that Saturday afternoon, we each saw many of our own customers as
well as people we had never seen before. How surprising it was when
we would mention someone that we had never seen, our restaurateur
would often know that person on a first time basis. And just as
many times, the scenario was reversed.
Each of us benefited from
an afternoon that cost each of us very few dollars, and provided
results much better than any advertising could produce. Most definitely,
tying in with another business is a great way of "roping" in some new customers.