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November 6, 2006

Randy Bloem of Old Colony Stationary: how to successfully manage an independent retail store

Today, more than ever it’s who’s in front of the prospect that is getting the business.

With so many forms of media like television, radio, the web, billboards, newsprint and more, a retailer can easily get overlooked when they need your product.  Simply putting out an ad and throwing mud at the wall and hoping it sticks isn’t the answer. With today’s accessibility to all kinds of information, simple and planned marketing based upon the age and gender of your best potential customer to reap the best results.

When the prospect comes into your establishment, how do you set yourselves off from the competition? The big box stores have deep pockets to design there stores from an ascetic point of view. But there still is more to a sale than just looks alone.  You need people to run the store that can make it happen.  The sales staff needs to be trained not only on product but also the psychological aspects of the prospect. Remember, a prospect doesn’t become a customer until a purchase has been made.

However, there’s still more: Even if a purchase has been made, is the customer’s needs really being met? What’s going to bring that customer back again and again? Did the customer feel that you not only met their need but exceeded their expectations to the point that they will tell someone else about your store? Remember, your best allie is a satisfied customer.

Other ways to grow a retail business is to diversify into the business market. If you’re a florist, join a business networking group. Networking groups can get you in front of other people’s spheres of influence. A florist will find that business have special times when they need to send someone flowers or a gift basket.  Simple changes that are focused on the customer will always bring the best results.

 


About the author

 

Randy Bloem is president of Old Colony Stationery, Inc. Old Colony is a second generation family owned and operated office products dealership. Old Colony has a retail store in Whitinsville, MA and delivers office supplies, printing and office furniture throughout Central New England.

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