In last year's animated film Shrek II, a giant gingerbread man steps on a building and sends all the customers scurrying across the street. The name of the establishment they leave and the one they run into is "Farbucks" ? poking fun at the fact that an unending stream of patrons appears willing to pay four bucks for a cup of coffee.
While it's an exaggeration to say there is one on every corner, since 1992, Starbucks has exploded from 192 locations to more than 9,000 worldwide, and will average four new store openings every day this year.
Starbucks isn't the only retailer attempting to create density in the marketplace. Walgreen's and CVS are popping up locations everywhere ? usually across the street from each other, just like Lowe's and The Home Depot. In my small community, there are even two Shell stations on either side of the primary street; definitely a strategy of getting your customers coming and going.
As a small business owner, your challenges probably lie more in the area of finding new customers than in what area to open your new location. The first step in growing your business is to own the three-mile radius surrounding it. Before worrying about how to get folks from the other side of the city to do business with you, make sure you've taken the proper approaches to informing everyone who lives and works nearby that you are there for them.
There are many techniques for getting your name out to prospects, and you may already be utilizing some of them. Networking at community events is a great way to become visible to your potential customers. And don't be shy about asking your best customers to refer you to their friends and associates. Advertising in a local magazine is an excellent way to reach those in your target market. Direct Mail, billboards, Yellow Pages, radio/TV and even a magnetic sign hung on your car door are all proven forms of effective advertising.
An often overlooked marketing gem is public relations. Think of PR as free advertising?with one big difference. With advertising, you pay for the ad and control the message. When it comes to PR, a newspaper or magazine publishes a story about your company and charges you nothing, but they control the editorial content. Despite this important distinction, PR has the potential to send many new customers your way.
To get publicity for your business, write a press release containing your newsworthy information. Don't worry about making it fancy, just include the "Who, What, Where, When, Why and How" and your contact information. Find out the names of the editors of local publications who distribute in your three-mile radius such as the Tri-County News, Local Villager and Area Sun, then send them ? by fax or e-mail ? your press release. Be sure to follow up the next day with a phone call asking if they received it, and if there is any more information you can provide. They'll respect your determination and you'll rise to the top of their "possibilities" file.
Editors are always looking for news, but be aware they don't like press releases that appear to be promotions or sales pitches. One of the first things I learned in journalism school more than 25 years ago is "Dog bites man. No story. Man bites dog. That's news." Be creative in crafting your press releases. Start by thinking about yourself. What makes you unique?
One of our coaching clients is a former two-time individual world champion in his sport. When opening his business, he decided to separate the successful athlete of his youth from the aspiring business owner of his adulthood, so "people would take me more seriously." When we started working together, I immediately suggested he change that philosophy and capitalize on the champion angle. After sending out a few press releases, he started receiving many calls from editors who recognized the connection between perseverance as an athlete and a business owner. The ensuing articles led to speaking engagements at community events and, ultimately, to more customers.
The mythical kingdom in Shrek ? home of Princess Fiona ? is named Far Far Away, and some area businesses are able to attract customers from far away neighborhoods. The faux jewelry and fashion stores you would drive miles to visit are perfect examples, as are unique restaurants far far away. If your business doesn't fall into this category, remember to focus on owning your three-mile radius. There are plenty of potential customers within that circle just waiting for you to tell them how you will make things better for them.
Copyright ? 2005 by Success Handler, LLC. All rights reserved.
The Coach, David Handler, is the founder of Success Handler, (http://www.successhandler.com), and specializes in helping small business leaders find clarity and take action. He understands the challenges of running a business, because he's been there ? as a small business owner, franchisee, franchisor, corporate leader, and trainer. Much like sports coaches, his coaching will show you how to compete on a level playing field in your industry.
house refresh service Lincolnshire ..What do your customers say about your company?Would you let... Read More
If you want to know the best way to approach... Read More
Public Relations (or P.R.) is a wonderful, yet often overlooked... Read More
As a business, non-profit or association manager, why continue a... Read More
This guide to "SEOing" your PR efforts can help you... Read More
Media management has become one of the strategic tools for... Read More
What's the real reason some managers shy away from public... Read More
A press release telling about "Stevie, the Water-Skiing Squirrel" will... Read More
What makes a good media release and how do you... Read More
1) Establish Rapport, then get the editor/producer excited.There's not a... Read More
Almost every day, I hear the same question, over and... Read More
Media interviews are an important part of an overall public... Read More
There's the old joke about the two buzzards sitting in... Read More
Corporations are willing to pay substantial amounts of money to... Read More
The practice of public relations is often misunderstood, thus overlooked... Read More
One portion of your marketing plan that you probably don't... Read More
How do press releases or interest stories have an effect... Read More
In my travels around the country while building my business... Read More
Considering how fundamental they are to the publicist's trade,it's always... Read More
PRESIDENT BUSH TELLS A STORYOn March 18, 2005, President Bush... Read More
If, as is often the case, you are preoccupied with... Read More
If you manage a department, division or subsidiary for a... Read More
Mark Twain once said the rumors of his death had... Read More
It used to be that all you had to do... Read More
Years ago when my Dad owned a group of local... Read More
licensed cleaning services Lake Forest ..Business people often spend time and money trying to find... Read More
When, as a business, non-profit or association manager, you are... Read More
Things are pleasant for many business, non-profit or association managers... Read More
Have you ever gotten one of those letters from your... Read More
For some, public relations works well when their news release... Read More
As someone with expertise in media relations, I've been asked... Read More
What you are about to read is a step by... Read More
Unlike some professionals like lawyers and doctors, financial planners aren't... Read More
With a dismal failure rate of more than 75 percent... Read More
Ever wonder why papers devote a page or more to... Read More
The media has the power to shape public opinion and... Read More
Etymology is the study of the origins of words.As languages... Read More
Non-news professionals often have a hard time understanding why their... Read More
Let's say you've called a reporter with some ideas for... Read More
It's not unusual for clients of service providers to insist... Read More
Can your PR do something positive about the behaviors of... Read More
I am often asked by clients to target USA Today... Read More
It's difficult enough running the day-to-day aspects of a business,... Read More
Big corporations like General Motors and Coca-Cola spend thousands of... Read More
When a reporter is wowed, intrigued, surprised or captivated by... Read More
Relationships are based on trust-not just romantic relationships, or doctor/patient... Read More
Because PR can be difficult to control, it is often... Read More
Do you dream of being on Oprah Winfrey's television show?... Read More
Experience tells me that too many business, non-profit and association... Read More
I believe this about public relations.People act on their own... Read More
Public Relations |