BOOK US

With over 25 years of frontline experience Tom Shay is America's leading small business management expert. He's a "Must Have" for your next event.

Adapting to the Market
Put the best products where the customers are

Build a better mousetrap, and the world will beat a path to your door. What an odd analogy, for mice are known to be creatures of habit. A pest control expert will tell you that you should move a baited mouse trap if there is no response within three days.

Success is not building a better mousetrap, but putting the cheese where the mice are. While we are not suggesting you move your business, we are going to share with you some ideas for moving your strategy.

Visiting with several retailers on the phone, each is asked how sales are so far this year. One reports a steady decline over the past two years, another reports stagnant sales, and the third tells of continual sales growth.

The first store is a clothing shop. It is the one with declining sales and looks exactly like it did three years ago. The interior of the business is the same color, the counters are arranged in the same manner, and signs look as they always have.

Travel to some of the competitors of this business, and you will see they have significantly changed the way they merchandise their stores. Not that they have made only one change during these years, but they have constantly been looking for new items and new ways of presenting their goods and services to their customers. Perhaps if this shop were to change, it would see improvements in its sales due to the revamping of the business.

We see the results of his inaction. Is this important to customers? Apparently so. Just look at any business having a grand opening; people come to see what is new.

You may not be impressed with the store with stagnant sales. However, its efforts are quite unique. This is a sporting-goods store that carries a lot of t-shirts and related products. For many years they stocked products related to the nearby university in addition to NASCAR, professional baseball and basketball. In the last few years the university has not fielded great football teams; sales of products relating to the university have decreased.

In an effort to replace the lost sales, the owner found lines of products relating to pro wrestling. He began to decrease the college mascot products and added more pro wrestling items. His current dilemma was created by the college football team's latest winning streak. Now the professional basketball and baseball products are being squeezed out as pro wrestling and college football are showing increased sales.

Ask this owner how sales are, and his answer is that they have been stagnant, but as you can see, if this owner had left his product mix alone, sales would have decreased.

Here is one more example of adapting to your market. John L. Morris was an avid bass fisherman. His father, John A. Morris, started a Star Terminal service station and restaurant in 1937. There was a tiny liquor department inside the station.

John L. loved bass fishing. He shopped often at a discount store in town, as they had the largest fishing department in the area. John L. asked the store manager to stock some of the exciting fishing equipment he had seen. When he found out the items would not be stocked, he turned to his father and received permission to create a small inventory in the back of Dad's store.

Dad's store was an adaptive business. It started as a Star Transfer service station. Dad added a restaurant and liquor store. John L. wanted to follow in Dad's footsteps with his own business. Dad even co-signed the inventory loan that started young John L. in his new business.

You may not know young John L.; but if you enjoy fishing, you have definitely heard of his store - Bass Pro Shops. Whether you shop in one of the stores, by mail order, or on the Internet, John L. demonstrates the lesson learned from Dad: adapt to the market. It is not necessary to have the best location, although one of his stores now occupies the former discount store location.

One of the lessons I learned early in life from my Dad was, "Good merchandise, well displayed and reasonably priced, will always sell well." Notice the first ingredient in the formula - good merchandise. Surely, good merchandise is what the customer wants. Snow shovels do not sell well in Florida or Southern California, and orange pickers don't sell well anywhere but these areas.

The idea goes hand-in-hand with research I remember reading several years ago. Thousands of consumers were asked what they wanted most from a shopping experience. The number one answer: Have in stock what I want. Know today's changing market; have the items I want to buy. Be the next John L. Morris.

 

 

 

 

 

 

PROFITS PLUS, FOUNDER OF...

 

©1998-2026 Profits Plus Solutions, Inc.
Tom Shay
PO Box 128
Dardanelle, AR 72834

(727)823-7205

NOVEMBER 2026
Have the Small Business Advisories and News sent to your inbox. Subscribe HERE

Small Business

AdvisoriES


Seems like today, everyone is a consultant for something. Most small businesses owners have likely received an email, phone call, or visit from someone wanting to sell the services of a consultant.

 

You might find the right combination of consultants (let's call them advisors) in your own neighborhood. And they would likely trade their advice for some advice from you. This month's Small Business Advisory explains how.


Small Business

NewS

Top Story

November has two special events tailored to small businesses. The first occurs in the third week of the month. It's the Great American Teach In Day. Your help will be needed and appreciated.

 

The second event is Saturday, November 28 - Small Business Saturday. Details of how to participate in each is in this month's newsletter.

Article of the Month

Approaching the end of the year, many small businesses start to consider their pay scale for 2027. With some small businesses, bonuses at the end of the year are a tradition. The article of the month shares ideas of how to approach payroll as the new year approaches.


Book of the Month

You are awesome at what you do. You are a small business owner and that takes a lot of bravery to do what you do.

 

Part of what you requires what Malcolm Gladwell calls, "thin slicing." Others refer to it as "gut feeling." The book of the month talks about the need to stop doubting your greatness.

All this plus the Internet Tool for Your Business and a staff incentive idea for your business.

BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Advisories

Seems like today, everyone is a consultant for something. Most small businesses owners have likely received an email, phone call, or visit from someone wanting to sell the services of a consultant.

 

You might find the right combination of consultants (let's call them advisors) in your own neighborhood. And they would likely trade their advice for some advice from you. This month's Small Business Advisory explains how.

Small Business

News

 

Top Story

November has two special events tailored to small businesses. The first occurs in the third week of the month. It's the Great American Teach In Day. Your help will be needed and appreciated.

 

The second event is Saturday, November 28 - Small Business Saturday. Details of how to participate in each is in this month's newsletter.


Article of the Month

Approaching the end of the year, many small businesses start to consider their pay scale for 2027. With some small businesses, bonuses at the end of the year are a tradition. The article of the month shares ideas of how to approach payroll as the new year approaches.


Book of the Month

You are awesome at what you do. You are a small business owner and that takes a lot of bravery to do what you do.

 

Part of what you requires what Malcolm Gladwell calls, "thin slicing." Others refer to it as "gut feeling." The book of the month talks about the need to stop doubting your greatness.


All this plus the Internet Tool for Your Business and a staff incentive idea for your business.