Gain the Edge We are bombarded daily with a range of information on consumerism. How the big guys are getting bigger, how the small independents just can’t compete and to a degree it’s all true. So as one of the little guys, how can your business get the edge in today’s ultra competitive environment? Having been an avid shopper for some years now, I gravitate to stores where I am made to feel welcome and where someone takes an interest in me and values my custom. Department stores, and some of the smaller national chains, are not always renowned for offering this kind of personalised service, so this provides an opportunity for specialty independent retailers. Most successful businesses know the real value of a customer does not stop with one sale. They invest time and effort to ensure that every shopper experience is one of value. They have a consistent high quality offering which entices a high level of repeat business. It is amazing that even years later, I will make the effort to revisit a business in another city where I had a great experience on an earlier trip. These successful retailers also know how to stay ahead of the pack and have a number of things in common.
Communicate regularly with your customers Collect the email addresses of your customers and stay in contact regularly. Large stores such as Myer and David Jones have remained in business through good times and bad by staying in touch with consumer needs. They regularly offer solid incentives that entice their customers to visit their stores.
Keep your eye on the ball Have a business plan and operate with good business tools to ensure you stay in touch with key trends happening within your business and your precinct. Precincts are constantly changing and good business tools enable you to spot trends and respond as location and customer needs change.
Treat your staff well Your staff are the face of your business. They represent the values of your business, your brand. Adopt a happiness mantra to build staff morale. Supportive bosses, enjoyable workplace and being part of a successful team are what all workers want. Identify strengths and allow employees to use them every day.
And finally .. In Glebe, there are 18,500 local residents and 7,300 local employees on your doorstep. The number of new businesses opening in the area over the past few months indicates that business confidence in the area is certainly strengthening. So all the best for a successful year in 2010. Remember, successful businesses are constantly fine tuning their business to ensure their success and sustainability. If every single business in Glebe lifted their turnover by just 5%, that would have an amazing collective impact on Glebe as a whole. Are you ready for the challenge? Robyn Simon CoS Business Precinct Coordinator
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