We are wanting to open up a new store in our neighborhood. To get started, we are wanting to sell these products on Ebay to raise the money needed for rent and other start up costs. Is this the best way that you know for us to get the money that we need to get started?
My answer is that there are probably some better things to start with first, and here's why.
If your goal is to open up a store, the main thing that you will need to succeed is not the start up money; it's not the merchandise; it's the customers. If you are opening up a new retail store, focus your efforts on getting new customers who would come to the store after it is open.
Look for the people who are most likely to be good customers for your store. These would probably be people in the general neighborhood where the store is going to be located.
Look for people who are the most likely to be repeat customers, so finding people who are interested in the products you sell would be important to me.
Also look for people who buy things in stores instead of through catalogs or the internet.
There are a lot of reasons that different people have for buying from a store; buying on the internet; or buying in other ways. You don't need to figure out all of the reasons why people like to buy different ways. The only thing you care about is that they do. If some people prefer to buy on the internet, don't try to change them. You will spend less effort for more sales if you focus on the people who already buy things from businesses like yours..
This does not mean that you should not have a website or printed materials for your customers. Having a website or a catalog to help promote your store is not only helpful. it can be crucial. Not only are more and more people using the internet to find the type of store that they want; but having a catalog or other printed literature to leave with prospective customers helps them to remember you when they are ready to buy something.
There are lots of people who are tremendously successful in their internet business. The customers who you meet on the internet probably live a long ways away from you and your store however. Only a small percentage of the people who become your customers on the internet will ever visit your store. Unless your business is large, you will normally have the greatest success focusing on a smaller group of potential customers who can be customers for your store.
How To Start A Retail Store
In the last article in this series, we talked about some of the hardest ways that people try to build a customer base for a store. We also talked about why these methods do not normally work well. This article will give some ways of finding new customers for a retail store that can work much better.
There are many different ways to find customers for a retail store. The traditional way is to open a store and wait for people to come. If this is not bringing you as many customers as you want however, try one or more of the ideas below.
Home parties:
Home party marketing is one of the fastest growing ways of selling products today. Your products are perfect for home parties when they are unique and hard to find. Guests at a home party will see things that they can not have any other way. When people discover the benefits, history, and meaning, of the products that you offer, they can become almost irresistible.
Festivals, flea markets, street fairs, and special events:
These are some of the most popular ways to find new customers for your store. These can be difficult if you need to close your store to display at a show like this: especially because so many of these markets are held on weekends and other times that may be busiest for your store. But you can meet hundreds of new customers this way.
The secret to marketing your store this way is to keep track of the potential new customers that you meet. Even if someone does not buy from you at the festival, they can remember you later when they are ready for something. Be sure to have handouts to leave with any visitors; and try to get as many names and addresses as possible for a mailing list of your own.
The people who you already know.
Make a list of everyone who you know. You should end up with a list of at least 100 names. If you can not think of 100 names right away, don't worry. Keep your list with you, and add names to it for the next weeks whenever you think of someone new. Almost everyone knows more than 100 people.
Contact everyone on your list to let them know what you are doing. This is a fun job, because it is fun to stay in touch with your friends. Your friends will want to know what you are doing; and will remember this when they are talking to their friends. And each of these people knows 100 other people too, so the word of mouth advertising you can get this way is huge.
If you want to find customers for a retail store, look for the right kinds of people. Instead of looking for anyone and everyone, focus your efforts on the people who will come to your store, and who will come back to you to purchase again. You will have more customers (and more money) six months from now this way, than you will if you try to present yourself to the whole world.
Wayne Kiltz has sinced written about articles on various topics from Arts, Recipes and Environment. Wayne Kiltz is the founder and owner of Africa Imports. which supplies hundreds of small stores and other businesses with unique product ideas. Find products that customers can't find anywhere else at. Wayne Kiltz's top article generates over 2900 views. Bookmark Wayne Kiltz to your Favourites.
Coca Cola Advertising Campaigns And if their ideas are clever and unusual like that VW video there is every likelihood that they will make the rounds on the Internet for a long, long time