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marketing tip

Sunday newsagency marketing tip: get serious about being local

Ryman stationery in London offers delivery of ink and toner in selected London boroughs within 90 minutes. That’s pretty cool since businesses ordering ink and toner have probably run out or are just about to run out. This is the next big push of online businesses – same day delivery … giving online shoppers a timing experience almost equal to in-store shopping.

Here’s the tip – if you consider your newsagency to be local and committed to local service, why not offer same day delivery of ink and toner?  I bet if you offered this you could wrest business away from online stores and bigger businesses nearby.

But you would need to promote it widely and regularly: on your car, shop window, flyers … all over town and through personal contact with businesses.

Yes, there would be challenges around your stock holding. Work through this. get to know your customers. Stock to their need.

If being local is a point of difference for you, live it! This is just one example.

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marketing tip

Nine winter marketing ideas for newsagents and other retailers

Now, in in the middle of Winter and between major retail seasons, it is easy to coast, waiting for the calendar to click over and lift traffic and sales. That’s for retail used to operate, especially small business retail. We let the calendar drive traffic and sales. Retail today is different. Now, more than ever before, we have to get our chasing traffic and sales.

Coasting in the middle of Winter is the last thing any of us should be doing. Here are nine easy and cheap to implement ideas for promoting your business this winter:

  1. Run a HIBERNATION SALE – themed for winter. Offer products your customers can hibernate with at a discount. It doesn’t have to be much. This sale is more about getting them to look at items you have that they would not usually buy. This type of sale lends itself to magazines – cooking, quilting etc.
  2. Become a collection point for a local charity working with homeless and housing challenged people. Collect tinned goods, bedding and the like. talk to the charity. The underlying message here is that yeah it’s winter and people are doing it tough so we’re going to help.
  3. Run a best sunshine themed art competition for kids. Get kids drawing bright pictures and making bring art objects with a sunshine theme. Offer prizes – not too much though. The honour of winning is enough. promote it to the schools and kindlers to get them engaged. Put the entries on show … to attract traffic.
  4. Find out what produce is available direct from the farm gate nearby and if it connects with cookbooks you sell consider inviting the farmer in for an in-store produce promotion.
  5. Contact local businesses and offer FREE DELIVERY for all stationery orders for the next two months to introduce them to your competitive range of stationery. promote it as a SAME DAY DELIVERY SERVICE – this is where you can compete with the orders they get shipped in from Staples, Officeworks and the others.
  6. Contact any local quilting, knitting and sewing clubs – invite them to do a craft display. If you execute this well they will tell their friends who will come in and check out what’s on show.  Maybe even invite your customers to vote – this could drive more traffic.
  7. Cook soup from one of your recipe books and offer cups of FREE SOUP. Promote this in the window. Limit the hours and maybe the days.
  8. Run a SHARE THE WARMTH PROMOTION where you encourage customers to send a card to a friend, loved-one or a family member just because … to share warmth with them. Warm a heart this winter.
  9. Give your employees what I’d call WINTER THANK YOU COUPONS. These could be, say, 10% off. Each staff member could give away a set number each day to someone they help on the shop floor to spend above a pre set trigger point. The goal here is to get your team engaging with shoppers and rewarding shoppers who respond by buying more.

None of this is brain surgery or all that innovative. many of the ideas have been pitched here before at different times. My point is that right now, in the middle of Winter, we need to act to drive traffic, to make our shops warmer and more appealing … to get our communities talking about us.

For not much effort we could see a nice lift in traffic and sales.

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marketing tip

Sunday marketing tip: Using newsagency software to drive sales

Newsagents using good newsagency management software have access to a range of free marketing opportunities with which they can grow their retail businesses  Here is a list of some of the free marketing you can engage in:

  • Coupons on receipts. Receipts can be more than a record of sale. Add a coupon to the base and lure customers back into your business – like your own shop-a-docket. Good software can include coupons based on what was purchase, the amount spent and or other criteria as appropriate. The keys to successful coupons are – a compelling offer with a sunset and which is presented simply and attractively.
  • Promotions on accounts. Never send mail without including a promotion – including and especially statements and accounts. These can easily contain a promotion printed on the statement or account – it’s easy to have your software do this automatically. It’s free and silent marketing effort.
  • Up-sell during the sale. Use your point of sale software to guide staff on up-sells for items. The promotional script appears on the screen without interfering with the sale but reminding staff of the offer. The key with good during the sale up-selling is that the offer is compelling and easily pitched. Track success by staff and reward success.
  • Two for one, three for two etc. Using your software, easily offer discounts for volume purchases. Your sales staff need do nothing since the software can track the offer and apply the discounted pricing for quantity purchase. You can set start date and times and end date and times. It’s easy and fast to setup. You can make this for one item or a whole catalogue. Also, you can run multiple offers at any one time or over times which crossover. The keys are: make the offer compelling, promote it in the usual place for the stock as well as at in a high traffic location.
  • Loyalty marketing. Reward customers for spending more than usual. THIS IS IMPORTANT – too often I see newsagents for rewarding customers for doing what they usually do. No, reward them for EXTRA EFFORT. Using the loyalty facilities included in the Tower software, you are able to accrue points for customers and offer these as a form of currency. Running your own VIP Club or some similar named loyalty program is easy to setup and manage. The system tracks points and lets customers know balances etc on receipts and via correspondence generated by the software.
  • Customer database marketing. Using the marketing tools in good software you can quickly trawl your customer database based on what your customers have purchased, when and for how much as well as using other criteria. The key is to track customer details. This is why most businesses run a loyalty program – not so much for customer rewards but for research about customers and what they purchase. The Tower software has excellent tools for this. Email, mail or call them with the offer – low cost marketing which should drive more sales.
  • Trawl your data. Track what sells with what. The 10×10 report is excellent for this, it lists the top ten items sold with the top ten items sold. See what customers buying your top ten items are likely to buy, place these near the top sellers so more will buy them. Just looking at this data will unlock more opportunities for you.
  • Gift cards. Give your customers something they can buy for family and friends which locks in business for you. Gift cards only work if the giver feels that the recipient will find something they like at the store – your store.
  • Service, service, service. Customer service is the most important differentiator in retail today, especially in newsagencies. Sure, you can discount and use price as a differentiator but where is the commercial sense in that? No, customer service is king. Customer service is a marketing activity.

Using the free marketing opportunities in your software enables you to leverage what you already have without extra investment. This is a great starting point.

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marketing tip

Sunday marketing tip for retail newsagents: host events

One of the things I notices in the US last week was that independent retailers hosted plenty of events in-store – often one a month, sometimes more. These events ranged from small product launches (drinks after close) through to full on training events – like learning a hobby form a master … a bobby related to the business.

So, my question for retail newsagents is what events could you run in your shop to drive traffic?

The keys to me seem to be:

  1. Create an in-store events calendar and stick to it.
  2. Promote your events calendar in-store and externally.
  3. Make the events genuinely appealing and valuable.
  4. Fill a need.
  5. Don’t go too big – the event needs to match your business scale and focus.
  6. Show off your point of difference, your USP.
  7. Have fun.
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marketing tip

Sunday marketing tip: turn your shop into a classroom

Theatre is important in retail if you want to separate your store from an online shopping experience. Retailers need to exploit ways to demonstrate the added value of the physical store shopping experience.

Having products on the shelves or racks is not enough. You have to bring these to life.

Beyond being able to touch and smell and item live, every retail store has opportunities to make the shopping experience more personal and physical.

Supermarkets do this all the time with food sampling and demonstrations. They have someone cooking product nearby where the product can be purchased. These in-store demonstrations are done because they work, the drive sales. The smell and the taste guide the senses to encourage the purchase.

You do not need to be selling food for an in-store demonstration to work. Here are some suggestions for other retailers on how they could use in-store demonstrations and other techniques to bring products alive:

Books: book readings, book clubs, author visits, performances from children’s books.

Fashion: Fashion show, a talk by a designer, a talk by a stylist, a dress making demonstration by an expert, a makeup demonstration to go with the clothing you sell, a hairdresser to show the importance of hair to go with what you sell.

Camping: A tent setup competition, tips from a local ranger for safe camping, stories from camping trips – a group discussion sharing ideas, a supplier presentation on new equipment.

Homewares: A dinner party in store showing how a range of dining homewares products look when you have guests over, a stylist speaking about how to style your home, a manufacturer presentation on a new line.

Card shop: A calligrapher to write beautifully on cards purchased in-store, a local writer to help customers with the right words for each card purchased, a card stylist to help shoppers find the perfect card for the occasion, a card maker presenting a talk on what goes into making a card.

Stationery business: Supplier presentations on the latest items for sale, a competition for customers based around clever use of a particular line of items you sell, a recycle class from an environmental expert on how to recycle used stationery items, a presentation on the different brands of printers you sell and how each suits a particular need.

Cosmetics shop: Host a fashion parade showing off how your cosmetics look with the right fashion, run cosmetics classes for different occasions – make up for work, evening wear and weekend fun times, have a manufacturer speak about what makes their products special.

Each of these ideas is about bringing interactivity to your store, going beyond static products on the shelves and bringing them alive. This separates your business from the mass merchants who will have fewer in-store displays and from online retailers as well.

Schedule interactive sessions. Plan them carefully, promote them and make sure that they are covering topics of interest to your shoppers. Ask your shoppers too if they have a presentation idea as they could be a welcome source of new in-store content.

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marketing tip

Sunday Marketing Tip: How to develop your Unique Selling Proposition

In the last round of Newsagency of the Future workshops I urged newsagents to develop their Unique Selling Proposition as I saw (and see) this as vital to the future of any individual business.  I subsequently wrote an article published in the latest issue of National Newsagent magazine.

Here is the article. I urge newsagents and those who work in newsagencies to read this and develop a USP for their business:

Developing the Unique Selling Proposition (USP) for a newsagency is one of the most important steps you can take in business.

A good USP will frame every decision you make. It will also define why you are in business for it goes to the heart of your passion. It feeds from your mission, your reason for existing.

Yes, a USP must reflect passion for this is what drives your love of your business … and you do love your small retail business don’t you?!  This is where small retailers like newsagents are different to big retailers. Where they get lost in KPIs, share price and other metrics, small business retailers think in personal terms, often with emotion.

So how do you create your USP?  Here are some tips I have found useful when working with newsagents on developing a USP…

1. Take your time. You will be done when you are done. Getting your USP right is more important than meeting a deadline.

2. Think. Try and get time away from the business to think about your USP. A good location I have found works is siting on a seat across from the entrance to your retail business, watching your customers.

3. Love. Work out what you love about your business and / or what you want to love about your business. Next, think about what you want your customers to love so much that they will tell their friends.

4. Differentiate. Think about what’s special in your area or marketplace about your business.

5. What do you stand for? If someone says who are you? you will probably answer with the facts. If they say, no, I want more, what makes you special? you will probably, hopefully, take them inside what makes you tick. So, you need to know, what does your business stand for?

6. Define. Try and put into words your passion and what is special about your business.  Brainstorm ideas in ten words or less. Get as many down on paper as you can.

7. Would you be missed? It is said that people often define their view of themselves by wondering if they would be missed. Think about your small retail business in this way. Would you be missed? If so, how and why?

It might take a few goes, working through these ideas. The result should be something close to a USP for your business.

Your USP needs to be succinct, passionate and unique, something that explains why your business is different and why people should shop with you.

A big challenge for newsagents is the diversity of the typical business. A USP is unique yet so much of what newsagents sell is not unique. So, a USP may start with one part of the business, getting you known for that.

If you think you are close, test it with your employees and family. Test it with yourself too by asking what you would change in the business with this USP in place, what decisions would be different?

A good USP will guide business decisions and provide a framework through which you navigate change in the business. But most important of all, it defines why you are in business.

Change is inevitable. Yes, your USP can and will change as the business evolved.

So, get started. To help you along, here are three ideas that focus on passion and evoke emotion:

1. Gifts you’ll be proud to give

2. Cards people love

3. Where customers are friends

You can discuss your USP ideas with Mark Fletcher on 09418 32 1338 or at mark@towersystems.com.au.

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marketing tip

Sunday marketing tip: Do you offer fries?

We are now regularly offering ‘fries’ with each purchase at the weekend in at least one of my newsagencies. By ‘fries’ I mean an over the counter offer, an up-sell as a deal.

Hey would like [insert product here] we have it on special today only for [insert $off offer] off the usual price.

That’s the pitch, plain and simple.

The offer is not promoted in-store, it is only offered as an up-sell at the counter to shoppers who are making a purchase.

There are three key factors impacting the success of this: the product offered, the person offering it and the pitch. Get these right and you should see a terrific lift in sales.

If the up-sell product offer is a magazine we will typically run this late in the on-sale – week three and beyond for a monthly and day five and beyond for a weekly.

Our target discount is around the 20% mark but we will discount to cost in some situations. My thinking is that the shopper has come to the counter with what they want. Also, being a shopping centre and on the weekend, more than half our customers are not regulars so we are likely to not be doing ourselves of a later possible purchase. Every cent we get is bonus revenue we get to bank.

A side benefit is that we are offering our customers a deal which enforces that shopping with us has value beyond the usual for a newsagency.

People have money contrary to what some commentators are saying. The trick is how you help them spend it. For us, this over the counter pitch on weekends is working.

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magazines

Sunday marketing / management tip for newsagents: how local is your newsagency?

With the pace and extent of changes in retail – how, why, when and where people shop and what they purchase – today more than ever we need to focus on delivering a compelling reason for people to shop with us.

For newsagents, the most compelling reason for people to shop with you is location. You’re local and have what they want at a price they can justify.  (If it is not location what is it?)

My question is, how well do your leverage your location?

Too often, newsagents want to look like capital city retailers, chasing a me-too model. This is not a plan, it is not leveraging what is probably most unique to your business – your location.

So, how local is your business. How connected is your range to the local community? How connected is the business to the local community?

The way to test this is to ask yourself – what if an international chain opened a corporate newsagency next to yours and offered the tradition range of newsagency products – would they take customers from you?

You could say probably not because shoppers like you and your staff?

Okay, what if they dropped their prices slightly or did something else to separate their business from yours? Would they take customers from you?  Probably some.

You may comfort yourself that an overseas business is not going to open a newsagency next to yours to take your customers.  I’d agree with that.  However, it is happening today. Supermarkets, convenience stores, petrol outlets … they are all doing this, eating away at your business, offering something else you don’t offer.

That newsagencies are losing business to supermarkets, convenience stores, petrol outlets is a problem we are not addressing as a channel.  Hell we are, for the most part, ignoring it. I think we can address it by being more locally focused, by serving the local community better, by ensuring that they see, understand and feel our local connection – in a way supermarkets, convenience stores, petrol outlets cannot make the local connection.

This is not easy stuff for newsagents to think about or respond to but respond we must. We must address the complex and relentless areas of competition – that we see and that we don’t – as well as the changes in retail. we do this by making more valuable and compelling businesses which serve shoppers in our own backyard.

How seriously local is your business?

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marketing tip

Sunday management tip: what if you hate your newsagency?

I hate going into work. As a friend of mine said these words I knew they reflected a long-held feeling, a feeling help with some shame.  Here was a retail business owner who hated going into his own business.  He had fallen out of love with what he had created. The bitterness he felt towards his business had soured to hatred.

Why do some retailers, including newsagents, hate going to work? It is an interesting question which needs exploration before we look at strategies for countering this.

There is usually a trigger – supplier fatigue (magazine distribution challenges etc), tough economic conditions, personal challenges away from the business, a partner dispute, tiredness… there could be any combination of reasons.

If you have reached the point where you hate going into work each day it is important to take time away from the business for an honest assessment as to why you hate the business. Until you can answer the question – why do you hate going into work? – you cannot begin to work on resolution.

Once you know the reasons, think about a series of small and achievable steps you could take to turn the situation around. No matter how challenging the situation, there are always steps you could take. Focus on these, start work on them and in some instances that alone will be enough to move you through the fog of anger and ill-feeling toward the business.

If finding small steps to take does not work, get together with a trusted friend and tell them how you feel toward the business. Ask them to talk with you about the business. Reminisce about why you started or purchased the newsagency. Remember your dreams and hopes. Use the conversation to explore your emotion at the moment you decided to open or purchase the retail business.

If you have the funds, substitute a psychologist or professionally qualified counsellor to explore your feelings for the business. I am not suggesting a business coach or mentor here because the ill-feeling toward the business is more often personal and is better dealt with by those with skills on working with feelings.

Understanding your hatred for your retail business is the first step. This will usually, of itself, reveal the first steps you can take to turn the hatred around. Be open to that. Take small steps and see where they lead. The change in feeling toward the business may not be immediate so do not expect too much too soon.

Some newsagents I have worked with have felt ashamed of their hatred for their business. The best and toughest analogy I heard was that it was like hating your own child. A retail store, especially one you created on your own, is like a child. There is no shame to be had in this feeling. So many factors can come into play to get one to this point.

By getting help to understand your feelings and using the understanding which flows from this to develop a strategy you can expect to start to feel better – even if the strategy involves you exiting that business.

If you do nothing, the hatred will be more and more reflected in the business and in your own person. Neither benefits from this.

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marketing tip

Sunday marketing tip: check yourself out newsagents!

Newsagents should regularly research how their business is found and seen online. Given the sales traffic involving some form of online research, having multiple presences is vital.

The best place to start with finding out where you sit online is with Google searches. Let’s say you are in Hobart, do the following searches and see if you come up and where:

  1. Hobart newsagency
  2. Hobart newsagent
  3. Magazines Hobart
  4. Greeting cards Hobart
  5. Gifts Hobart
  6. Ink Hobart
  7. Printer ink Hobart
  8. Stationery Hobart
  9. Photocopying Hobart
  10. Pens Hobart
  11. Lottery Hobart

These searches and just the beginning. Do them from a computer as well as from an iPhone. Google handles searches differently from these two devices.

Think about what people looking for anything you sell might enter into Google. If you are not sure ask your employees and your customers. Try all sorts of searches.

Flip to the map tab with Google and see how you show with the searches.

If you have done the work and engaged with a bunch of free listing services then you will be well positioned, ideally at the top of the search. This will be generating good customer traffic for you. You have control over how people find you online. Most of this can be exercised without cost.

Some newsagents think having a website is all they need. Sadly, that is old school and just a small part of an online presence.

If you are not sure where to start, ask your newsagency marketing group, this is advice they can provide. They should have training available to help you make the most of the online opportunity. They can also help you access tools which show what people are searching for.

Having multiple digital presences is vital to retail success today. Newsagents need to do this themselves, for their individual businesses. This is not the work of an association. Own your online presences and you can expect to see good traffic as a result.

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marketing tip

Sunday marketing tip: making money from watching customers

I love watching customers because I can learn plenty. Watching how they enter and exit the business, where they want in the shop – observations can inform better business decisions.

One of the reasons we changed the location of our crafts titles was the observation that 70% of people purchasing from our women’s weeklies display turned left as they exited the women’s aisle. This revealed to us the importance of what they saw on their left side. We moved craft titles to this position and have enjoyed extraordinary year on year sales growth as a result.

So, we have made good money from watching customers.  You can too. It’s easy.

Take time to stand still and observe. No, you can’t do something else while you do this. It’s important. Watch your shoppers and how they move around the store.  Look for patterns.  Use your observations to determine what you place where.

Remember, selling to shoppers as they go to the counter and then leave the newsagency is as important as selling to them as they enter.

Yes, watching customers can be commercially valuable.

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marketing tip

Sunday marketing tip: you don’t sell anything at the counter

Okay, that’s not quite true, I am sure that you do sell some products at the counter. By sell, I mean have a customer choose, at that moment, to purchase the item. In most situations, however, in a newsagency the customer comes to the counter with the items already selected.  If we are lucky they will ask us a question and we can leave our command post and venture onto the shop floor and help them and maybe sell them something.

As newsagents have taken on more counter based services over the decades, we have moved the selling, what little of it is done, in our businesses from the shop floor to the counter.  I first worked in a newsagency when I was in High school too many years ago.  My recollection is that we had people on the shop floor serving customers helping them. This was what the more experienced people did. The school kids were left to take payment once we were trained. Now, the counter is the area where the most senior skills appear to be in many newsagencies.

If you agree that selling is what we do when we help, guide and encourage a shopper to make a purchase from us then this is where you need to focus more attention in your business … on the shop floor. This is where your best people at dealing with customers should be.

This is the tip – to look at where you sell in your newsagency and to adjust resource allocation in pursuit of more sales.

  1. Track your employees and learn who delivers the best return by hour worked.
  2. Consider a financial reward for the employees you charge with selling, genuinely selling.
  3. Be careful in allocating your resources, focus on the busiest times of the day.
  4. Make sure that your people have excellent product knowledge with which to add value.
  5. Drive this personal shop floor experience as a point of difference for your business. Shoppers will pay more if the shopping experience is more satisfying.

It all begins with understanding where you sell … it’s not at the sales counter.

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marketing tip

Sunday marketing tip: 10 free to implement ideas for driving retail sales

Here are ten free to implement ways newsagents can drive sales in their business:

  1. Stop looking at your counter as your customer service hub. By the time people reach your counter they have most of the items they wish to purchase. The shop floor is where you can do the most to drive sales.
  2. Include coupons (ads) on receipts.  These should be designed to drive incremental business and / or bring customers back sooner.
  3. Run a loyalty program, not a competition but a loyalty program.  Track what your customers and buying and reward them.  Also, target marketing based on sales.
  4. Make offers: buy two and get three.  Use the catalogue facilities in your software to make the offers.  This is where you can separate your business from others retailers with the same products – by creating packages.
  5. Consider installing a LCD customer display – run ads between sales and DURING sales.  Make sure that your ad slide show is consistent and focusing on a category.  We have had a lot of success with mobile recharge ads in my own stores.
  6. Run an employee rewards program.  Set sales targets and offer bonuses and rewards for over achievement.  This helps employees understand the role they play in driving your sales.
  7. Use your top selling items to sell other items. Your top selling items are a magnet – what do you have near them? What do you have facing sippers heading board and away from them?
  8. Track everything in the front third of your shop.  Change these items regularly.  Be ruthless – if something is not working, quit it.  For example, I look at the sales from spinners every week.  If they are not giving me a return I look at moving or quitting them.
  9. Include a sales pitch / marketing message on your statements.
  10. Email your customers once a month with news and offers.

This list is by no means complete. Hopefully, reading it will help you one up with your own ideas which are appropriate to your needs.

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marketing tip

Beanie kid product knowledge drives sales

We have just become a premier stockist of the Beanie Kid range in one of my newsagencies and are loving the new traffic being drawn to the business. We are seeing shoppers of all ages being drawn to the excellent selection of collectibles.

This is our first time in the collectible space beyond artworks. It is a whole new world. Beanie Kids collectors are tremendously valuable and smart shoppers. We have found that we need better than usual product knowledge to serve their needs and to help convert infrequent Beanie Kids shoppers into regular shoppers.

This is where Skansen Brands is helping, with good products knowledge with which we can be better prepared to attract good business. Their website is a wealth of information and on the phone their people have terrific knowledge. Understanding their engagement with social media also helps in our own social media strategies, so that we compliment their work.

I appreciate that it is challenging to be expert in all products. However, we each have hero products in our businesses around which we can build terrific shopper loyalty and good word of mouth. These are the products for which we need to develop and maintain superior product knowledge.  I see Beanie Kids as such a product.

This is my newsagency marketing / management tip for today … that we need to continue to develop product knowledge of our team members. Understanding the typical shopper and their interests and needs, being able to add value to a sale with knowledge and knowing why your business is the best place to purchase the items can attract people who love a brand name product like beanie Kids come back again and again.

As I write here many times, habit based shoppers are vitally important to any business, especially newsagency businesses.

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marketing tip

Sunday Retail Marketing Tip: loving habits

Shoppers who shop based on habit are tremendously valuable to retail businesses. Likewise, shoppers who shop to satisfy habits (obsessions, hobbies and the like)  are tremendously valuable.

A habit based shopper to a newsagency would / could include any of the following:

  • The magazine shopper who visits for every issue of their favourite magazine(s).
  • The magazine shopper who browses the shop to satisfy interest in specialist topics like model railways.
  • A partworks collector.
  • The lottery customer who puts tickets on at least weekly.
  • The card shopper who gets cards for all (or most) card-giving occasions.
  • The tobacco product shopper.
  • The customer who purchases replacement ink cartridges and or printer paper.
  • The daily newspaper shopper.

Customers who shop with you out of habit are, as I have noted, tremendously valuable. They need to be encouraged, respected and loved.

Here is the marketing tip, or question, what are you doing to attract, keep and love your habit based shoppers? What is unique about your offer that gets them back and more of them back? Is it that good that they talk about it to their friends?

A good place to start in considering habit based retail is to make a list of the products and service you offer which fall into the habit based category. Get your team involved in this, listing every item which could meet habit based criteria.  Hopefully, as you create this list you will think of ways to better connect with and serve these valuable habit based shoppers.

While this idea may seem simple and almost of questionable value, I am certain that you will unlock ways to making more money from habit based shoppers – by looking at a type of shopper you may previously not have look at in this way before.

Love your habit based shoppers and they will love you back. You can bank on it!

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marketing tip

Sunday Marketing Tip: 12 ridiculous marketing ideas from which good ideas for your newsagency may emerge

I was speaking at a business conference last year and was asked to explain how an independent retailer can come up with fresh marketing ideas. Brainstorming is the best approach. Free form, no rules, ridiculous and crazy brainstorming.

In a brainstorming session it is often the most ridiculous ideas which are the best to explore and finesse to suit your needs. They usually come from a place which is unencumbered by business rules.

Sometimes, retail businesses need to look for marketing ideas which are not encumbered with business rules, crazy ideas which challenge how the business looks at and presents itself. This is certainly true for newsagents.

Here are crazy marketing ideas for retail businesses. The list is deliberately provocative. This is to shake up how you see marketing in your retail store and to encourage you to extend your own boundaries. Who knows, innovation could be in this list and waiting for your business:

  1. Blackout your windows. Stop passers-by looking in. Make it look as if you have a big secret inside. Tell people they need to com in if they want to see what is so special.
  2. Dark shopping. Turn your lights off and let your shoppers shop in the dark. Hand out night vision goggles for shopping. Maybe have some deals.
  3. Pyjama shopping. Give shoppers who shop in their pyjamas on a certain day a special discount. It does not matter whether pyjamas connect with your business. The key goal of this idea is to have fun.
  4. Invite a business class to develop your marketing plan. Contact a local high school and ask a business class to develop a marketing plan for your business award the best plan a modest cash prize, be sure to retail ownership of all entries.
  5. Run an eBay type sale. Set aside a good selection of items and invite customers to bid for these with the highest bidder getting the items. Letting your customer decide fair price for products could open your eyes to the value they attach to what you sell.
  6. Cross Dress for the day. Have all employees cross dress for the day. It could be for fun or it could be to say you want to see how the other half lives.
  7. Tithe Tuesday. Tuesdays are often slow in retail. Connect with your community and say that ten percent of all sales on each Tuesday will be donated to a local charity. This is sure to get the local charity pumping shoppers your way.
  8. Empty the shop sale. Run a sale promising to sell everything in the shop within a week except the fixtures. Kind of like an end of lease or a relocation sale but without you moving. Done well, this type of sale could see you quitting stock which has been on the shop floor for too long.
  9. Tell a joke sale. Offer customers a percentage discount if they tell a joke at the counter when paying for their goods.
  10. Bring a friend discount. Give each customer an offer at the checkout, if they bring a friend into the shop within 30 minutes they can get a good discount off their purchase.
  11. Bring back quoits. Setup a place to play quoits in your store. Give customers an opportunity to play for a discount. At the very least you have a bit of fun in the business. This could be done in an area adjacent to a retro product display – retro is in right now.
  12. Run a bake sale, and old-fashioned bake sale for a charity YES inside your store. Place this next to your country collections titles and anything connected with craft.

Before you discard any of these ideas, think for a moment whether they or any thoughts which flow from considering them could work for your retail business. Remember, sometimes it is the crazy and unconstrained ideas which work best.

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Sunday marketing tip for newsagents: break free from the pack

The product mix in the majority of newsagencies is the same as any other newsagency. To a shopper, the product mix in a newsagency can also be found in a supermarket and variety store.

Newsagents often reinforce this sameness by not breaking free visually.  Looking from the front of the shop in the message is often one of variety with no point of difference or no local branding standing out.

We face a similar challenge to the eateries in New York.  There are hundreds, of diners and eateries on the streets of Manhattan. By diner I mean a walk-in venue where you can get a simple meal to go or have a quick bite sitting in. There is usually not a big difference in fare,l the menu in each is often quite broad but the same.  Each diner needs to find a way to cut through so that they attract some the considerable foot traffic on the streets.

Check out Fluffy’s Cafe Bakery.  Click on the image for a full-size version. How they stand out is through bold branding of their own and making choice easy.  Their pitch is that for any meal you want you can choose one of their sit items or create tour own. From outside the store a passer-by get’s this pitch from four points – each supports the other. If you’re in a hurry, choice is vey easy. If you are fussy, getting exactly what you want is easy.

Inside Fluffy’s the experience matches the pitch. They make it about choice, easy choice.  I have been into plenty of diners in New York over many trips and Fluffy’s is a place to remember because it breaks free from the average.  They do this with a bold street presence backed on a good and consistent message in-store.

This is what each newsagency needs: to stand out, to reflect a point of difference and to live the point of difference. Newsagencies which don’t do this will suffer from the increased competition we are seeing from the supermarkets and others.

So, what do we do? From the front of our businesses in we stand for something, something we own, a point of difference which is ours and ours alone. This is a big challenge for out type of business. It’s a challenge we must meet.

Fluffy’s shows that the customer comes first.  They make we want to come back again.  The challenge for us is whether we reflect a message as strong and simple as that to people who walk past our newsagency and to customers who shop with us.

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A Sunday marketing/management tip for newsagents: act like a successful retailer

Check your prejudices, biases and other baggage at the door and think about the retail business which you consider to be the BEST.

Think about why you consider them to be the best.  Break down their business in your head.  In doing this, look for opportunities to mirror what they do.  Their success often comes down to relentless pursuit of their core business principles / values.

The Reject Shop – value; David Jones – aspirational, quality; Boost Juice – healthy; Zara – cheap fashion; Smiggle – fashion stationery.

This tip is another way of saying spend time pursuing your Unique Selling Proposition.  Being a general retailer without an obvious and valuable USP is not good for any business.

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A Sunday Marketing / management tip for newsagents: cold call

Cold calling is one of the most successful methods used by companies to grow sales.  It is the process of approaching someone to offer your products, in person or on the phone.  It works in all sorts of businesses, why not newsagencies?!

If you want to grow your stationery sales, try this. I have seen newsagents enjoy excellent success as a result of cold calling.

Visit at least six businesses near your newsagency which do not currently purchase their stationery from you each week.  Introduce yourself.  leave a flyer with current prices for popular office stationery items.  Make your that all your contact details are on the flyer.

Have a brief, one or two minute pitch ready.  This should focus on why they should support your business.

Do this for four weeks, six businesses a week.  That’s 24 businesses in a month.  24 businesses not currently buying from you having received your pitch.

If you get no new business think back on your pitch.  It could also be that you need to allow time for their stationery needs to evolve.  If you do get business then repeat what worked for you.

It is vital that your approach is natural and friendly.  Have something you can share which is valuable.  An idea or suggestion which is stationery related.  This could build goodwill.

It’s rare that a newsagent has a cold call sales program in place.  Try it, it could work!  I am sure that your stationery sales could do with a boost.

Here are answers / responses to objections concerns I expect some newsagents will have.

  • No time. If business growth is important to you, you’ll find time.
  • Don’t know what to do. Try it and learn on the job.
  • Don’t know what to offer. Get out and talk to people and find out what they need.
  • What if it does’t work? Yeah, you’re right, don’t try. Spend your life wondering.

The more work you put in promoting your newsagency outside your newsagency the greater the rewards you will reap.

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Marketing Tip: Award a Newsagent For a Day

Shake things up for your business and appoint one of your customers the Newsagent for a Day. Get them into the business, behind the counter and into the back room. Their fresh-eyes insights could let you see opportunities you are missing.

An alternative to this opportunity is awarding the status to one of your team members, probably a junior who is more likely to have challenging ideas.

The idea here is to get you shaken up, to see what you may not see in your day to day work … you know, wood for the trees.

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Marketing Tip: How to Use Competitions to Drive Sales in Your Newsagency

Winners are grinners as they say. Shoppers who win from a retail store are happy and they tell their friends. Whether it is a large or small prize, the value to the business of making winners of customers can be considerable.

An active and co-ordinated approach to competitions is a vital part of newsagency marketing.

The best competitions are those where a customer of the newsagency is guaranteed to win. That is, there the competition is store specific. While participating in larger national and state wide competitions around products brands and even franchise brands can be good for business, it is the local competitions which provide the best opportunity for local promotion and local leverage.

Here are some tips on how to use competitions effectively to promote your newsagency:

  1. Every competition needs a focus. Promote a specific product or product category or a certain level of spending. Competitions open to anyone without a tactical focus are likely to be less successful.
  2. Make entering easy for everyone. Ensure that the mechanics of the competition – how to enter – are easy and understood. You don’t want to slow down the sales counter or have customers reject entering the competition because of complexity.
  3. Promote well. Promote the competition well in the business from the front window throughout the store.
  4. Encourage participation. Get all employees actively promoting the competition. Offer a reward for the employee who achieves the most entries per hour worked.
  5. Drive impulse purchases. A good competition is one used to drive impulse purchases at the counter. They key here is that the item being sold, the trigger for a competition entry, must be easily understood.
  6. Show off the prize. If possible, show the prize of offer for the competition. This can drive people to engage in the behaviour you are promoting as they more easily understand the opportunity.
  7. Show off entries. If entry in the competition requires shopper activity like drawing or coloring, show off the entries as this will drive more traffic to the store.
  8. Promote winners. Take photos of competition winners, with their permission, and use these in newsletters and on a winners board in-store. This is how you can promote the store as a place where winners shop.
  9. Host and event around the prize draw. Make the drawing of the winner a special event with its own retail hooks to drive sales.
  10. Create a competition calendar. This can provide focus to the competition program throughout the year and ensure that they are a consistent part of the marketing mix.
  11. Engage with suppliers. Call of key suppliers to support the business with prizes for your competitions. This is more easily achieved if the competition connects with specific brands.
  12. Promote externally. Use the competition to promote the business externals in advertising and promotional flyers.

Competitions, regardless of size, can drive excellent results for a newsagency. Professional execution is the key from the planning stand right through to the drawing of the winner. Ensure that everyone involved including customers have fun with each competition you run.

When you find something which works, be sure to share it here.

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The Important Community Connection – a Newsagency Marketing & Management Tip

When speaking at conferences and workshops I am often asked by newsagents to help them address flat sales. The discussion often come back to what the business stands for. When I ask what do we stand for? A common answer from independent retailers is community connection, being local. This is often said by newsagents with a less than complete community connection strategy.

Being connected with the local community is a good unique selling proposition when most of what is sold is available from other businesses, usually bigger businesses.

By trading off the local connection, independent retailers connect with others who are community-minded.

In just about any retail business, more could be done to connect with the community. Here are some questions you could ask yourself to test the community connection of your independent retail business:

  1. What local charities does the business support?
  2. What local schools does the business support?
  3. What local organisations is the business connected with?
  4. What local events does the business actively participate in?
  5. Have you compared the savings of shopping locally at your business compared to further away? Do you communicate this?
  6. Do you buy from local businesses where possible? Do you promote this?
  7. Do you promote your business with other local businesses?
  8. Does a representative of the business attend events and charities supported by the business to make awards?
  9. Do you hold events in the business for local groups – art shows, competition entries and the like?
  10. Do you participate in local government business forums?
  11. Are your employees encouraged to share in your community involvement?
  12. Are you part of the local traders association?
  13. Are local organisations able to publicise events in the window or using other resources of the business?
  14. If your newsagency closed, would the community care?

This last question is the real question: If your neewsagency closed, would the community care? Would what you perceive as your value be lost and noticed? If the answer is no then your community connection is not as good as it could be.

Connecting your business to the local community is not something you can fake. It must be genuine from the owner of the business right through. You need to pursue as many touch points as possible for the sake of the business and to demonstrate and drive value for the community.

There are initiatives independent retailers can take to help the local community and build a mutually beneficial community connection. Here are 20 ideas for your consideration:

  1. Establish a what’s on noticeboard in your window or on a wall for promoting local events.
  2. Sponsor a locally focused newsletter which covers issues of local interest. Create this as a forum for local groups to use.
  3. Link to local clubs and groups on your business website.
  4. Talk to your local council – they are bound to have suggestions on ways you can connect with the local community.
  5. Create or support a local traders website.
  6. Collect change from customers for local charities. Track what you collect and keep your customers aware of the value reinvested in the community.
  7. Talk to local schools, do they have activities which you can support and for which they promote your business?
  8. Sponsor an annual encouragement award at a local school and present the award yourself.
  9. Talk to local health and nursing facilities. Do they have needs which you can meet with excess stock?
  10. Create a newcomer pack with other businesses and deliver this to families new to the area.
  11. Support at least one local sports club. This is best done through either uniform sponsorship or sponsoring a regular award.
  12. If appropriate to your product mix, offer products from local businesses and individuals.
  13. Offer to sit on local boards and committees for groups known for doing good work in the community.
  14. Offer space in-store for community groups to promote their work.
  15. Office space in front of your store for community groups to run a sales stall.
  16. Offer your front window a couple of time a year for a community group to promote their work.
  17. Support local causes – offer to have petitions available for customers to sign in your store.
  18. Write to the local newspaper about local issues – let your passion be seen.
  19. Run local events which connect with the local community. The nature of the event will depend on your business niche and skills of locals nearby. For example, you could sponsor a local art show.
  20. Price compare popular items in your shop with bigger businesses further away. Promote your savings for the local community as a point of difference.

Newsagents with consistently strong community connections can rely on this to deliver better business. The return for the community is greater support from the business for community activities.

I suspect there is a big difference between the community connection of a retail business in the city compared to a regional area. Regional businesses tend to be more community focused as they pull their customers from a smaller pool.

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Marketing tip: What is the upside of your newsagency?

People considering the purchase of any business (including a newsagency) look at, among other things, the upside opportunity for the business. While they will often have their own view of the upside, they also often ask the vendor what upside they see.  Having an answer is important.

This is a good question for newsagents to consider: What is the upside for your newsagency?

Your answer to this question could be vital in building the confidence and interest of a prospective purchaser.

Beyond that, however, your answer to this most important of questions could open your eyes to opportunities which have need been top of mind for you. I say this because the next logical question is – if these are genuine upside opportunities for the future, why not engage with them in your newsagency now?

Think about it. Take your time. Let the question – What is the upside for your newsagency? – rest with you for a few days and nights. Make notes of every idea which comes to you. Talk to others and make notes of their comments.   Think about this question as if the answer is critical to you being able to sell your newsagency, that your answer will unlock excitement in your prospective buyer. It could / should unlock excitement for you on things you can do in your business.

When you have an answer, which is hopefully several answers, you then have an opportunity to think about the next question and consider whether you act on any of these opportunities yourself.

I can think of plenty of general upside opportunities for newsagents and several for my own businesses. Each newsagent is in their own unique situation, facing unique challenges and certain to have unique upside opportunities.

What is the upside for your newsagency?

PS.  I have called this a marketing tip because I am hoping that by thinking about your business through a different prism you discover opportunities which you can leverage for success in the short to medium term.  One way to respond to an upside opportunity is to do it, make the change, innovate … in pursuit of the upside.

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Productivity Commission calls on retailers to work smarter: here’s how newsagents can

Buried in the recent draft report, Economic Structure and Performance of the Australian Retail Industry, by the Productivity Commission is a call on retailers to improve productivity.

Newsagents can improve productivity and cut wages, cut waste, reduce theft and drive better business decisions.

Hang on, think about that last sentence. Don’t move on until you go back, read it again and think about how you would feel if you really did achieve these benefits in your newsagency.

Seriously. I mean it. Read the sentence again. Here it is…

Newsagents can improve productivity and cut wages, cut waste, reduce theft and drive better business decisions.

Too many newsagents do not have these as goals. Too often they blame others when they realise that they want and need the benefits embedded in the goals.

So, here are some productivity gain ideas and opportunities for newsagents:

  1. Cut magazine returns time. Take the returns out of the back office where it is a specialist function and move it to the front counter, being done every day by any employee. A newsagency with $500K a year in magazine sales should spend no more than two to three hours a week on magazine returns including counting, topping, bundling and dealing with distributors.
  2. Cut other labour intensive work. Stop manual reordering of stock. Use your computer system. In an average newsagency, going from manual reordering to computer based reordering usually saves between four and six man-hours a week. Eliminate all manual business performance reporting. Get rid of your manual roster – do it using the roster facilities in your software. Stop manually managing magazine putaways. There are plenty more ideas like these. Use integrated EFTPOS and save time on every sale.
  3. Cut waste. Reorder stock using your computer system (yes, this is a repeat idea) and find that you will have less stock which does not sell. Look at your sales by time and roster accordingly. The roster often has wasted hours. Look at product sales and quit what’s not working before it becomes a loss making boat anchor. If a rep says you need more of a product, check their claim with your business data, let your data guide your decision.Reps want to get stock to your store, they are often paid to achieve this.
  4. Cut theft. Use employee initials or a code for every sale. Balance your cash every day. Have a zero tolerance policy (I’ve written about this before here and elsewhere). Do spot stock takes. Use the theft management tools in your software. Use stock control throughout but especially on cigarettes, greeting cards, ink, phone cards and other highly negotiable items.  A newsagency without professional theft management processes should be able to increase net profit by as much as 10% in the first year.
  5. Make better business decisions. Make more fact based decisions based on accurate business data. Stop gut feel decisions. Your business data can guide you to more profit than how you feel at any time. Stop using department keys to record sales – scan everything. No excuses, scan everything. Build better data and use this to improve your business.

I know of a newsagent who has just successfully cut $34,000 from their annual wages bill by switching software systems (yes, to my Tower Systems) and implementing our time focused approach to magazine management. There are plenty of other examples like this one.

I am confident that every newsagency business in Australia can improve productivity. Yes, it’s a challenge. The benefits are substantial: reduced wages, reduced waste, reduced theft and better quality and more valuable business decisions.

Imagine how powerful our newsagency channel would be if we all did these simple things. I do. I imagine a strong, growing and productive newsagency channel leading small business retailers and powering ahead against the reports of tough times.

We can do this. We can improve productivity – individually and as a channel. We have the tools. All we need is the will.

I have been sharing specific advice with newsagents using the Tower Systems newsagency software – I have written a 2,300 article with specific business building tips and I share this with newsagents who ask.  Email me at mark@towersystems.com.au if you would like a copy.

As I noted earlier, these are some ideas. Share yours with your fellow newsagents.

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Marketing tip: Upgrading your customers as a reward

I was on a cheap red eDeal Qantas flight from Perth to Melbourne last weekend and was thrilled to discover on check in that they had upgraded me to business class. I had been away for a couple of days and was pleased to have the extra leg room and edible food of business class to ease the journey home.

The upgrade experience will give me a warm feeling about Qantas for a small while. They had empty seats on the flight so the cost was minimal. I could reasonably argue that their small investment delivered a good return on investment given the amount I fly.

The experience made me wonder about upgrades we could give our customers, what unexpected benefits we could provide to have them leave our shops with a spring in their step and even kinder words to say about shopping with us when they are next talking to friends.

The following suggestions are about having bonus gifts at the counter to give customers. There are ways we could get these. I am sure some suppliers would help out.

  1. We could offer something we have paid for like a free $1 scratch ticket to customers who spend over a certain amount. Unadvertised or promoted, just given as a simple thank you as part of closing the sale.
  2. We could give a free stamp with greeting cards if they buy three or more cards. Again, unadvertised or promoted.
  3. How about a free shopping list notepad with every stationery purchase for a couple of weeks – with the pad branded to your business?
  4. A free reusable carry bag with any purchase over a certain value.
  5. A free pen with every crossword purchase.
  6. Free gift wrapping with every gift purchase.
  7. A free gold seal for sealing greeting card envelopes.

Key to extracting value from the upgrade is that it is unexpected by the shopper. This makes it more memorable and more worthy of word of mouth promotion by them.

Whatever free upgrade offers you try, don’t promote them, just deliver them during the customer contact.  Make sure that what you provide is genuinely useful.  Remember, you are going for an experience which is unexpected and appreciated.

I have used most of the upgrade offers listed above at one time or another.  They have worked a treat.  The gold seals with greeting cards, for example, worked especially well with older female customers it made them return to use more frequently for the added value which then became part of what they gave the recipient of the card.

So, what upgrade opportunities do you think newsagents could offer?

Footnote: On my Qantas experience, while I appreciated the upgrade and lapped up the business class experience, I’ll bag them the next time they let me down. Every business is only as good as the last contact you have with them. Yes, it’s a harsh world.

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