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Give Your Business a Makeover

Toss out those old signs and 1970s decor. With a few simple touches, you could completely reinvent your business in 2008.

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Imagine this: Ty Pennington and the entire crew from Extreme Makeover: Home Edition happen to be in the neighborhood. This year’s season has just wrapped up and the team is feeling a little anxious for work. With all the tools in the world packed into an RV and an abundance of extra cash in hand, they quickly decide that your little clothing store is going to be the next million-dollar business makeover project.

But the ringing door chime of another customer walking out the door cues your wandering subconscious that this is not a reality show. Ty, the crew, and the money are all halfway across the country giving their famous “Good Morning” wake-up call to some other unsuspecting winner.

More than ever, you feel like your business is stuck in a rut. Your competition has been cutting into your profits and your customers no longer seem as excited about your products and services as they did when you celebrated your grand opening just a few years ago. Now is the perfect time for you to give your business a makeover. It could be a major makeover or a minor one. What’s important is that you make a commitment to succeed and get your business back on the fast track. Working in your favor is the fact that small businesses like yours have an advantage over big and slow companies. You can move quickly to spot changing conditions and revamp the operation accordingly.

Curb Appeal


Ask yourself what makes customers want to walk inside. No matter what type of store you have, you can do many things to increase the curb appeal of your storefront. Make sure your sidewalk and parking lot are free of debris. If your storefront is small or in an obscure location, you can create a stronger visual presence by painting the exterior or roof in brighter colors. When weather permits, consider leaving your doors open to attract potential customers on the sidewalk. Use balloons, streamers, or anything else to attract a customer’s eye and convince them they’re missing out on something if they don’t come inside.

Signage


Your front window or door should display your business’s name and logo large enough to be clearly seen from the other side of the street. Your address should be prominently displayed along with the business hours (generally on the door). Choose lettering that is simple and easy to read. Upper and lowercase letters are easier to read than all caps and block style letters are easier to read than script. Handwritten signs taped to the door should be considered unacceptable.

Window Displays


Don’t let your business’s window display form bad or false impressions at first sight. Make your window display exciting. Change it with the holidays, the seasons, or with any other special local events taking place. Your window display should be interesting enough to encourage people to visit and see what else you might have for them. Select a variety of items to show off in your store window and include products from all different price ranges. Make sure your windows are sparkling clean. Avoid cluttering the window displays and instead concentrate on the hottest items you’re really trying to push.

Use Your Vehicle


Your vehicle can serve as a low-cost mobile billboard. Placing your ad on your vehicle can typically generate a possible 40,000–50,000 impressions daily, depending on where it’s parked and when or where you drive it.

Store Layout


Your goal should be to have a smooth traffic pattern. In most instances, it is more attractive to have displays set up in the center of your store and to place your other items against the walls. Whenever possible, try to coordinate your displays with your products. The checkout counter should always be located toward the front end of your store so that you can greet your customers individually as they first walk in the door. People like to be recognized and acknowledged.

Direct Traffic


Customers should easily be able to distinguish your sale items from the regular merchandise, so have a specific place for them. Clearly mark the sales tags on all your store merchandise as well as on colorful signs that will grab your customers’ attention. Displaying your discounted items in the back of the store will compel customers to walk by the regularly priced items before coming across those on sale. This will help increase sales of your regular merchandise.

Keep Your In-Store Displays Fresh


You should constantly be looking for new ways to display your items to keep your customers interested. If old merchandise is moved to a new spot, it will often make the customers think it is new and they will pay more attention to it. In addition, keep a steady stream of new merchandise as this will encourage customers to return.

Stock Your Shelves


Selecting merchandise for your store can be one of the most time-consuming and expensive parts of running a business. Don’t take this responsibility lightly. Make sure that your prices are appropriate for your area. Remember to maintain a general theme and purpose for your products. Discuss ideas with fellow retailers, and don’t be afraid to ask your sales reps for their ideas and suggestions. This will help you narrow down your choices to items that will do well in your store.

Create Marketing Materials


Spend some time and careful thought on designing brochures and flyers to hand out to potential customers. This can be very economical. You can create them with desktop publishing software and print them with your own printer. Get copies made at a local copy or print shop. If you want something a little more professional, hire a graphic designer.

Hire Right


It is very likely that you’re going to have young people work for you. When you hire a young person, make sure they really want to know more about your type of business. A candidate who is really interested in technology but wants to work in your clothing store might not be as good as someone who is attending classes in fashion design. When interviewing, ask them about their hobbies and interests and what they believe they can offer as an employee.

Prevent Losses


There’s always a chance of theft and you should set your prices accordingly. The only way to find out how much you’re losing is to keep an accurate inventory. If you’re selling any small items that customers can easily walk off with, keep them in secure cases.

Dave Cosper

Issue: February 2008
Section: Features

Tags: business, makeover, appeal, advertise, promote, traffic, loss prevention, business makeover, signage, marketing, advertising, sales, retail



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Comments(4)

Posted By: ProfitBuildersInc.com. on 11/14/2008 1:15:14 PM

We agree that most of small businesses need to consider a complete business makeover in 2008-2009.

Many business owners don’t understand their business is for the generation of profit and lead generation.

They have no understanding of the”marginal net worth” concept. If they did they would not present their businesses as they do.

Most business owners treat their business as a job not a business. They are happy limiting their businesses as they do. They don’t live by the principal “GROW or DIE!”

They don’t understand their business has to have curb appeal, constant communication, layout, traffic, marketing systems, management systems, excellent human relations, loss prevention and more and how these ideas impact their profit.

We believe the reason for this is because they have never established operating procedures and manuals for their business.

They have never had a business survey or analysis that would focus on these issues in their business. It would define them their strengths, expose their weaknesses, calculate impact on profitability and determine a course of action

If most, if not all, small businesses were truly interested in increasing sales, revenue and profit while also reducing costs, reducing rising taxes and eliminating governmental red tape... such companies would respond to offers to bring them an extra $100,000-$1,000,000 in increased sales, revenue and profit if they would only share the opportunity.

If small business were truly looking to grow their business and continue to be successful more and more would choose to not go out of business but would respond to offers to show them proven ways to expand the worth of every customer they have and every prospect they don't sell and every old customer they haven't sold anything for months or years...

They would respond to offers of help them recoup up to 100% of the money they're spending on advertising and actually make a profit on it. They don't because they think it will cost them money or they don't have the money to respond to such offers even when it is free or guaranteed.

They would respond to world class companies that offer to bring them an extra $100,000 or $1 million a year they never would have had that doesn't supplant or in any way diminish the business they're doing now...if it only adds to what they are doing simply because they don't understand marketing systems and how they would profit using them. As a result we believe there are no business makeovers.

They won’t respond to offers to help them profit when they have no investment in anything. When it is all turn-key. No inventory. No cash layout. And no problems whatsoever. If these small businesses only understood all they had to do is say "yes" and they'll make a lot of money they would be shocked. Especially when they could profit from sources they never would have had.

If small business owners were truly interested in growing their business and continuing to be successful we believe they would take you up on such offers and review companies like www.ProfitBuildersInc.com.

Especially when they could get free surveys and analysis and other help that could totally turn them around and add anywhere from 25% to 50% to 100% (or more) revenue to their businesses with a makeover or reinvention.

If small business owners understood they should seek out and contact world class experts like Michael Kissinger at MJKKissinger@yahoo.com. to see how their businesses would profit through the use of marketing and management systems.

Most small business owners don't do the things they should because they think their business is for them not their prospects, customers, employees and family.

Most small business owners should decided to reinvent their businesses with a no money up front -100% risk free – 3 to 1 ROI performance based guarantee. They would be amazed at how easy and profitable it is.

Instead most small businesses have decided to live with shrinking margins, communication gaps, misinformation, equipment breakdown, absenteeism, grievances, no follow up, delays, bottlenecks, bad marketing, poor cash flow, payable problems, collection problems returns, reworks, shortages, increasing competition and much more because they refuse to reinvent their business with a cost-effective makeover.

Posted By: BIZCOACH on 8/15/2008 12:02:47 AM

WONDERFUL COVERAGE & TERRIFIC SUMMARY.

I ESPECIALLY LIKE THE PART ABOUT THE USE OF THE COMPANY VEHICLE AS A 'ROVING BIZ PROMOTION'. TRULY DIFFICULT TO OVER-ESTIMATE THE IMPORTANCE OF THIS SUGGESTION.

IN ADDITION, IF YOUR BIZ IS LOCATED, OR YOU DRIVE IN AN AREA WITH BUILDINGS MORE THAN ONE STORY HIGH, WITH WINDOWS, IT CAN REALLY PAY OFF TO PLACE YOUR AD ON THE ROOF OF YOUR VEHICLE AS WELL.

WHEN PEOPLE LOOK OUT THE BUILDING WINDOWS, THEY'LL SEE YOUR AD. SINCE NOT MANY FOLKS DO THIS YET, IT'LL BE AN EYE-CATCHER!

REMEMBER TO CAPTURE THE APPROPRIATE TAX DEDUCTIONS FOR YOUR MARKETING & PROMO EFFORTS.

BIZCOACH
bizsupportgroup@inbox.com

Posted By: anonymous on 7/30/2008 9:15:24 PM

priceless information for small business owners

Posted By: PeterN on 1/21/2008 8:21:53 PM

Good Stuff! There are not too many small business associations that provide such useful and up-to-date content for small business owners like me. Keep it coming!

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