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December 8, 2008

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GROWING YOUR BUSINESS TOGETHER





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11 Ways to Drive More Holiday Traffic
Check out these great & easy ways to increase revenue and repeat business to your shop

You've Come a Long Way Boomers
You're online now!

What Are Florists Talking About?
Discussion boards can provide great tried and tested ideas

Be Aggressive, It's the Holidays!
Pump up your marketing muscle

 



11 ways to drive more holiday traffic, revenue & repeat business

Many businesses are actively gearing up for the holiday season. They’re facing both the shrinking budgets of holiday shoppers as well as fierce competition from larger players with bigger ad budgets, and more buying power to provide similar products at discounts.  But despite those challenges, the opportunity for businesses big and small to significantly increase their share of holiday shopping dollars this season is significant – especially by leveraging powerful, low cost sales & marketing strategies to make your businesses – and products - more remarkable and attractive to primary and pass-along customers.

Here are 11 suggestions to get your creative juices flowing.

  1. Start Early
    Sure, some big shops have had holiday displays up for weeks already. And although we’re already into November, it’s important to start impressing upon your current customers that they should consider your store or service for a greater volume of their holiday needs this year. Yes, sometimes it's important to directly remind them that your business is a preferable alternative to the mega-mall or mega-store.
    How can you do this? Consider giving your customers tools to start planning their holiday purchases now. How about a checklist of people in their lives who need gifts this year? How about some age, sex and relationship-appropriate gift suggestions from your product and/or service inventory?  Anything you can do to help your customers eliminate gift-giving stress, and see your business as the source of a greater volume of those gifts (early in the shopping season, making up a higher percentage of their overall gift list), is a good thing.
  2. Reasons to Linger
    Large retailers have this down to a science. Soft music (with slow beats to make sure customers walk slower), as well as pleasant smells and other positive experiences keep customers hanging out longer. You can do this too, without much fuss, cost or effort.
    For example, offer a small cup of free apple cider or coffee while your customers shop. How about some free treats strategically placed around the store? Not only will this help current customers stay longer in your store, but it can become part of your broader marketing efforts (we’ll get to that later) to attract new customers in your door well after the holidays as well.
  3. Packaging with Fellow Retailers
    If you’re business is located amongst other service providers and retailers, your success this holiday season will be, in part, tied to their success in capturing and converting foot traffic. Why not work together to drive a greater volume of visitors and shoppers to your location, and drive cross-over visits to each other’s businesses? There are a couple ways to do this.
    One, create packages of products built from multiple locations. Think about theme - for different types of gift recipients and price points - and have those packages for sale at several different businesses in your area.
    Two, work with your neighbor businesses to create a joint list of holiday gift suggestions – either as themes or based on different types of gift recipients. You’ll be making shopping far easier and more convenient for your customers, plus you'll drive business to each other. This too could become a profitable business practice for you and your neighbors well after the holidays.
  4. Focus on Male Shoppers
    Serious research has demonstrated that men do far less planning for holiday gift purchases, and typically need far more help. Consider your business and your typical customers, especially your female customers. How can you better package and communicate those products to the men in your female shopper's lives? Husbands, fathers, co-workers and more. Be intentional about merchandising products that make it easy for male drop-bys to choose and feel great about their gift purchases.
  5. Highlight Stocking Stuffers
    Many big retailers do this exceedingly well. The Container Store, for example, puts the majority focus of their holiday advertising campaign on their small, affordable stocking stuffers. This is a significant traffic driver for them, and leads to customers buying far more product throughout the store during the same visit.
    What do you sell that could be repackaged or repositioned a stocking stuffer? How are you highlighting that in your store, and in your marketing and merchandising? Are there stand-alone products that can be highlighted as stocking stuffers, or perhaps packages of products you could market as perfect for many different recipients? Be creative, but take advantage of this profitable niche of the holiday shopping season.
  6. Kids Rule
    Holiday shoppers often have kids in tow. And those who cater to the kids (not necessarily just their gifts, but their experience inside your business walls), will attract more families and keep them in your store longer (where the parents have more time to shop and buy).
    Take advantage of this by featuring promotions and/or events in your store that cater to kids. This could be a series of events such as Santa appearances, and could also be something as simple as free Candy Canes for every kid that comes into the store. What kid-friendly tie-ins to your business would make kids want to hang out longer while their parents shop?
  7. Charity Tie-Ins
    Pick a favorite local charity, and make it known that every purchase made at your business translates to more money to that charity. It can be a simple percentage of holiday purchase profits, or even a flat donation for every shopper. There are lots of ways to do this, but this is a time year when people are thinking of others – especially in these tough economic times.
  8. Wish Lists for Family & Friends
    Shoppers come into your business not just thinking of gifts for others. They’re often also thinking of themselves! How are you making it easy for those shoppers to tell their friends and family what they want for the holidays?
    How about offering to email a customers’ spouse or significant other with a gift suggestion? Or event a simple, hand-written wish list you help customers create and store behind the counter, so that when the family or friend comes back, you know exactly what to direct them to?
  9. Gift Cards
    Don't forget these critically important gift options. No matter what you sell, find a way to make "anything at this store or business" a safe and easy option for undecided shoppers.
  10. Pre-packaged and Point of Sale
    Make it exceedingly easy for customers to come in, pick up something, and get out. Create a set of pre-packaged products, already wrapped and ready to go. Put some of them (especially small products and/or stocking stuffers) close to the point of sale so they can be quickly added to a purchase.
  11. Come Back (and bring your friends!)
    Let's say some of the ideas above are working (as they should!). Customers are in your store, they’re having a great time, and they’re buying gifts for their friends and family. They’re likely not done shopping, and neither are their friends, co-workers, fellow church goers and more. What are you doing to get those customers to come back later to complete their shopping? What are you doing to help those customers share their great experience with others?
    Consider a coupon in the bag of every shopper thanking them for their holiday business with a coupon for 25% off the next time they come in and shop before the end of the holiday season. How about another set of coupons to hand out to their friends, offering a free stocking stuffer when they come in (and perhaps an even bigger discount for the primary shopper as a thank you for sharing news about your business)? Or a coupon reminding them of your post-holiday sale?

    Source: Seattle Times
     
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you've come a long way, boomers, and you're online now!

The 77.2 million people now between ages 44 and 62—known for decades now as the “baby boomers”—know they are aging, but they do not expect to get old. They plan to retire, but not on the same schedule as their parents and grandparents before them. Most expect to work until age 70, and the latest economic downtrend has reinforced their thinking.

Their motto used to be, “Don’t trust anyone over 30.” Now they don’t trust anyone under 40, except maybe their own kids.

Boomers have never lacked for attitude, and now they make up the largest group of Internet users. At 56.7 million (US) strong they constitute nearly 30% of the online population.

As a result, where boomers go—and what they do—online matters. It matters a lot. But…

“Marketers targeting boomers online would be mistaken to treat them all alike,” says Lisa Phillips, eMarketer senior analyst and author of the new report, Boomers Online: Attitude Is Everything. “Older boomers, ages 54 to 62, use media more like the ‘matures’ who precede them, and younger boomers, ages 44 to 53, act more like Gen Xers online.”

About 74% of boomers use the Internet at least once a month.

However, their attitude toward the Internet is less a love affair and more a marriage of convenience. They go online to get things done, such as finding information on products and services, shopping, and staying in touch with friends and family.

“How boomers use the Internet today is indicative of how they will use it as they age into their 70s and 80s,” says Ms. Phillips.

Most authorities believe that boomers will remain online and engaged as long as their health and abilities permit, and recommend that technology providers begin preparing now to met their changing needs.

“Marketers who pigeonhole boomers as just aging seniors—and expect their Internet use to dwindle—will find their brands ignored and distrusted by this judgmental generation,” says Ms. Phillips.

 

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what are florists talking about on discussion boards

One florist is sharing the details of her "flower-a-month" club. Customers pay $45 for a membership and receive a card eligible for a wrapped bouquet of flowers each month for the next year. Although this innovative florist says the promotion usually "breaks even," it's the positive word-of-mouth that's more than worth the investment.

Here’s what she said” “We have a "flower-a-month" club. It's $45 for a membership and the member receives a card they bring in once a month for 12 straight months and they walk out of our store with a wrapped bouquet of flowers ($10 retail value for the wrap). The card has the months on it and we punch out the corresponding month when they come in. It also has an "extra" offer for 6 free roses when they buy six to help increase the "value" of the card. It's a break even, BUT it keeps you in front of all the members...and then when they do need to buy flowers who are they gonna call? YOU!!!!!! It's an advance on the product, a cash loan if you will. We push it for Christmas gifts to help with cash flow for Jan. and for V-day flowers. It's a GREAT fundraiser! Last year a local church sold 130-some memberships and we gave $10 per each sold to the church. And they are doing it again this year!”

Other ideas offered up:

  1. Partner with a pet store and include dog bones in arrangements going to customers with pets
  2. Partner with several nonprofits to turn an Open House into a fundraiser
  3. Have a “flower of the month” club for corporate customers
  4. Market to do-it-yourself brides by renting your facility to bride and bridal party to design their flowers (sell flowers above wholesale cost)
  5. Charge $25 for “express” deliveries (delivered within two hours)
  6. Be open more – in the afternoons, on weekends, on holidays
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be aggressive, it's the holidays!

This year more than ever, your customers are deal-seeking missiles, with a take-no-prisoners shopping mentality. One retail analyst recently described their grab-the-discount-and-go strategy as "hit and run." And retailers, including florists, are in hot pursuit, chasing every dollar with more aggressive marketing.

According to a recent survey, almost six in 10 retail florists say they will be more aggressive with holiday promotions this year. Of those florists, almost 20 percent plan to be "significantly" more aggressive than last year, according to the survey.

Faced with a condensed holiday season, 60 percent of florists say they'll kick off promotions earlier this year to make up for the week cut off by a late Thanksgiving.
Holidays are about traditions — and that's exactly how two-thirds of respondents plan to market their goods: as traditional holiday gifts. Flowers and plants will also be touted as the "perfect holiday present" by 58 percent. If that doesn't wrap up the sale, a little more than half will play to the cost-cutting crowd with discounts and special offers. More than a third (37 percent) will give those gift-wrap scissors something else to snip by offering discount coupons.

Other themes also try to loosen up those purse strings, while acknowledging the recessionary spending reality. Almost four in 10 will position flowers and plants as "affordable luxuries" and a third will hit the local angle of "helping local businesses." Others will stress the positive environmental, health and psychological effects of flowers and plants.

Florists' Marketing Muscle: 2008 vs. 2007

Source: Online survey of retail florists; based on 382 responses

 

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