Search
Recommended Products
Related Links

 

 

Visit our other Information site at
Find It All Here

Or, have a look at
PIXEL ADs of the WORLD

Visit our other Information site at
Find It All Here

Or, have a look at
PIXEL ADs of the WORLD

Informative Articles

Believe That You Can Become A Millionaire With Your Internet Home Business !!!
You Too Can Become The Next Internet Millionaire ! The web is a great opportunities. Imagine millions of customer. Its a huge cybermarket ! It's a trillion millions dollars market waiting for you ! Let's face it everyone wants to succeed...
Eight Success Tips for Your First Trade Show Booth
Exhibiting in a trade show can involve a major investment of money and time. But the financial returns for your business can be excellent if you learn some of the secrets of trade show booth success before signing up for a show and investing in...
Promotions That Build Profit
Promotions are everything you do to let your customers know you exist. Good marketing techniques can help eliminate the “I didn't knows” from your clients and would-be clients. Even if you believe you have more than enough business you should...
Small Investment, Big Returns
Many people want to start their own businesses, but due to lack of capital they then decide to stay with the safer option and work until they retire. But, what if there was another way to start a business and build this business part time until...
The Top 10 Priorities That Guard Your Five-Star Reputation
Making money doesn’t make your reputation... your reputation makes you money. Gala Gorman Whether your business is product or service-oriented, the loyalty and dedication of your customers is greatly dependent on your reputation. Your most...
 

Google
 
Andy's Information Pages Web



Small Business Q & A: Business Lessons Learned At The Mall

Normally in this column I dispense highly-intelligent small business
advice in response to thought-provoking questions submitted by future
and fellow entrepreneurs. This week, however, I have a couple of
questions for myself, one of which makes me wonder how truly
intelligent I really am.

Q: Dear Me, I recently took my teenage daughter shopping at the mall.
The experience raised two questions. (1) What business lessons might
be learned from such a foray into teen commerce; and (2) What the
heck was I thinking?
-- Sincerely, Me

A: Dear Me, great questions! Let me answer them in reverse order
since the second question is probably the one causing you the most
concern.

What was I thinking? Only the good Lord knows. I vaguely recall
complaining that my fifteen-year-old daughter, who we'll call "Chelsea"
(because that's her name), didn't spend enough time with her dear old
dad anymore. It's a complaint that every dad of a teenage girl formerly
known as "my baby" has made at one time or another. I also recall my
insightful wife telling me that if I wanted to spend time with Chelsea
now that she was a teenager I would have to do it in her element, which
happens to be any large structure with the word "Mall" on the side.
A fitting analogy would be that if you want to spend time with a
moody tiger you have to go into the jungle to do it.

No offense to my mall merchant brothers and sisters, but a trip into
the deepest jungle is more appealing to me than a trip to the mall.
I get no joy out of trudging from store to store, attempting to
communicate with salespeople from other planets, browsing discount
racks of last season's dollar merchandise and peering into windows
at mannequins that seem to be in some sort of inanimate pain (why
can't they make a happy mannequin?).

Bottom line: I'm a guy. It is programmed deep within my genetic
code to hold such things in high disregard. But so strong is my
love for my daughter that I pushed my true feelings aside and off
we went to the mall last Saturday morning. I called it, "Driving
the green mile…"

I was perfectly fine walking through Sears (a real man's store).
I held my own when we cruised through Spencer's Gifts (I found the
Ozzy Osborne bobble-head doll to be quite life-like). But when we
walked into one of those stores that specialize in clothing and
accessories for the younger generation my psyche all but shutdown.
Within minutes I found myself standing at the back of the store
holding my daughter's purse while she tried on small swatches of
material that the store was trying to pass off as clothing. It
was there, standing among the mopey mannequins and teeny-tiny
underwear and designer nose rings, that I realized I was witnessing
good old American commerce at work.

This leads us back to the first question: are there business lessons
to be learned from a trip to the mall? As the young folks would
say, "Dude, definitely!"

The following observations can be applied to most businesses, not
just to retailers that cater to Generation Why.

Know Thy Customer Well
Not just from a demographic standpoint, but up close and personal.
Even from my limited vantage point behind the rack of neon tube tops
it was easy to identify the store's typical customer: young, hip
females; ages mid-teens to mid-twenties. They wandered through in
groups of twos and threes. I suppose that going to the restroom in
public and shopping are the two things females must do in groups.
It makes perfect sense when you realize that for teenage

Watch the latest videos on YouTube.com



girls (and
many grown women, I'm told) shopping is a social activity, an
excursion to be taken with friends. The smart retailers know this
and design their stores to be as much a social hot spot as a retail
establishment. From the hip/cool music blaring from the overhead
speakers to the hip/cool young sales dudes to the hip/cool posters
on the walls to the hip/cool selection of merchandise, this store
was a teenage girl's retail heaven on earth.

Target Your Product To A Growing Customer Base
Teens represent one of the fastest-growing segments of the consumer
population, registering a growth of 16.6% between 1990 and 2000.
Teens also wield significant buying power - both in their own right
and in the context of their family purchasing decisions. Recent
studies have shown that teenagers age 15 to 19 spend as much as $100
per week, much of it on clothing and accessories. That's why this
expanding segment of the buying public is increasingly being targeted
by smart marketers like Old Navy, The Gap, The Buckle, Pac Sun, and
many others. As the old business saw goes, "Sniff for money, then
follow your nose."

Provide Great Customer Service
I've preached this sermon before. Know what your customer expects
and always over-deliver. Cater to their whims. Ask their name and
use it with respect. Make them feel like your friend, not your meal
ticket. Make their experience a good one and they will return.

Good Employees Make All The Difference
Hire enthusiastic people and train them well. The manager of this
store, who looked sixteen but privately professed to be twenty-six,
was one of the best salesmen I have ever seen. He dressed like his
customers. He spoke their language. He knew their likes and dislikes.
He was well-versed on fashion trends. He pointed out things that
might be of interest to them and immediately agreed with whatever
their opinion was.

"You'd look great in this shirt," he told a giggling gaggle of girls.
It didn't seem to matter that he wasn't speaking to any one of them
in particular. They all giggled some more and trotted off to the
fitting rooms to try on shirts. You could almost hear the cash
register ring.

Upsell, Upsell, Upsell
Millions of dollars have been made by asking one simple question:
Do you want fries with that?" When it came time to checkout the
young manager went into upsell mode by saying things like, "That's
a great shirt you're buying… we have a really cool pair of shorts
to match that! These earrings are on sale. They would look
awesome with that necklace you're wearing!"

My daughter giggled and blushed with each compliment - slash - sales
pitch and if I had not been the one holding the credit card, she
would have bought everything he was selling.

During the ride home Chelsea made the defining comment of the day.

"What a great store! I bet they sell a lot more stuff because of
that cute sales guy!"

Business wisdom from the mouths of babes. I should've had sons.

Here's to your success!

Tim Knox
tim@dropshipwholesale.net
For information on starting your own online or eBay business,
visit http://www.dropshipwholesale.net

About the Author

Tim Knox as the president and CEO of two successful technology
companies: B2Secure Inc., a Web-based hiring management software
company; and Digital Graphiti Inc., a software development company.
Tim is also the founder of dropshipwholesale.net, an ebusiness
dedicated to the success of online entrepreneurs.
http://www.dropshipwholesale.net
http://www.smallbusinessqa.com