As an independent retail store owner you have to wear LOTS of hats - including
Chief Marketing Officer. Check to see if you might be making one of these common Retail Marketing
Mistakes...
#1. Your Marketing is "All About Me"
If had to pick the most common (and most deadly) retail marketing mistake, this
would be it. Everyone thinks that their products, their services, their promotions, and their store are far
more fascinating than they really are. It's only natural. To you, the most important thing in the world is -
you!
I hate to be the one to break it to you, but your customers don't really care that much about you, or your
store, or your products. Like you, what they care most about is themselves.
The trick for you as a retail marketer is to stop thinking about what you
offer and start focusing on what your customer wants. It's the only way to build the kind
of customer relationships that engender real trust, strong loyalty, and repeat business.
If most of your outbound communication (emails, facebook posts, postcards, newspaper ads, etc.) is about your
products, your services, your promotions, or your store and not about what's interesting, helpful, useful,
beneficial, or entertaining for your customer, then you are making this marketing mistake.
#2. You Don't Track Your Results
If you don't track the results of your marketing efforts it's impossible to tell if
they are successful, or to what degree they
are successful .
Of course, tracking your results takes forethought and
planning. (See Retail Marketing Mistake #7!)
You have to be very clear about what your primary goals are for each of your marketing efforts - generate
sales? attract new customers? re-activate inactive customers? build relationships? What you hope to
achieve affects the way you track your results and how you judge your success.
Some marketing results are easy to track, some are a bit more complicated, but it's always worth it. With
marketing (as with almost every area of business), if you can measure it, you can manage it.
#3. You're a "One and Done" Marketer
I can't tell you how many times I've had a great conversation with a retailer who's
super excited to share a major marketing success and when I ask them, "So, when is the next one scheduled for?"
they look at my like I have three heads.
Most of them honestly hadn't considered repeating their successful
event!
Or here's what used to happen to me when I owned the Mackinaw Kite
Co... We'd forget from year to year, month to month what we'd done and
what worked. I'd find myself scratching my chin and saying, "Yeah, now I remember that thing we did last year.
That was really great. Huh, wonder why we didn't do that again this year?"
One and done doesn't cut it. You spend too much time and effort getting
your marketing right to only do something one time. If it is successful keep on doing it again, and again, and
again.
#4.
You're Unhappy If It's Not a "Home Run"
Hey, who doesn't like to hit a home run?! It's fun. The problem is that if you expect all your marketing
efforts to be a home run, you're bound to be disappointed - and you might stop swinging the bat.
Most of your marketing efforts will be "singles." Not every email will
get an 80% open rate. Not every in-store event will create a stampede
of customers. Not every non-profit organization will be a top
partner.
Celebrate your singles!
It's the accumulation of lots of singles that will, in the
end, cause you to win the game. Any good sports fan will tell you it's
not the team with the most home runs that gets to the World Series.
Just keep hitting lots of singles and I guarantee you'll end up with a
lot more "jingle" at the end of the year.
#5. You Don't
Adapt Good Ideas
There is no shortage of good - even great - ideas for attracting
new customers, driving traffic, creating loyalty, increasing sales. But you may suffer from a lack of marketing
imagination.
If you see an idea that's working for your
colleagues in another industry, imagine all the possible ways you
could adapt it for your business.
And don't just watch other retailers. Watch your local realtors,
chiropractors, builders, manufacturers, car dealers, dentists, or anyone else you can lay your eyes on. You may
find some marketing gold if you can adapt ideas from other kinds of businesses. How do you think banks, restaurants, and liquor stores all ended up with drive-thru
windows?
While you're at it, don't forget to adapt your OWN good ideas!
If the '12 Days of Christmas' promotion worked for you, adapt and do a
Spring Fling Deal of the Day during the week of spring break. Who said the concept had to be used only at
Christmas? Who said it had to be 12 days long? Fashion week, Mother's Day, graduation, Father's Day,
Back-to-School... what works for you?
Adapt!
After nearly every speech I give to a mixed industry group someone
comes up to me and says, "I really loved your ideas for the pet store, but do you have any ideas for my bike
shop?" Those store owners are making this retail marketing mistake and they are doomed if they can't
adapt.
#6.
You Don't Pay Close Attention to the Details
The nitty-gritty. The down-and-dirty. It's the execution of the details that will often make or break
your marketing efforts.
Paying attention to the details is certainly what will take your retail marketing to the
next level and is where you'll really maximize your efforts.
Here's a perfect example. My friend, Paul, just sent out his second
email newsletter. It had a great subject line, really compelling content, and a strong call to action asking
readers to pass it along to their friends. I thought my brother would find it interesting
so I forwarded it, and that's
when I noticed...
There was no place in the email where my brother could click to
subscribe to the newsletter. AND Paul's website address wasn't hyperlinked in the email. Readers would have to
copy/paste or manually type the web address into their browser bar to visit his site and sign up.
So while Paul's email accomplished the goal of strengthening existing
relationship by delivering good content, he really missed a golden opportunity to build his list by not paying
close attention to the details.
#7.
Your Marketing is Scattershot, Not Strategic
You know who you are... you do a little bit of this, a little bit of that, and a little bit of the the
other. You try marketing tactic after tactic in hopes that some of your stuff will work.
Your marketing efforts spring from a need for cash, rather than from a
thoughtful, well-designed strategic plan.
The good news here is if you try enough stuff, some of it
will work. And if you repeat the stuff that works (see
Retail Marketing Mistake #3), you'll start to get some traction. Activity and effort is way better than doing
nothing.
But strategic activity and effort is lots, lots better.
When your marketing is based on a strategic plan, all of your tactics
work together to enhance each other and achieve your overall goals. Each effort builds upon the other and
the sum becomes greater than the parts.
And the cool thing is, strategic activity is not only more effective,
it's easier. Better, easier - who doesn't love that?!
So,
how'd you do?
Are you making any of these Retail Marketing Mistakes? If you are, don't get down on yourself. Almost everyone
makes these mistakes from time to time. The question is...
What are you going to do about
it?
(From Bob Negen's blog at www.whizbangtraining.com. Used with permission).