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Welcome

Ever notice that the world is full of experts who have never actually done what they are "experts" at?

Many a business professor has never actually managed a business. Most business courses stress defining business terms but never actually teach the concepts of running a business.

This blog hopes to teach some of the terms and, at the same time, give some examples and lessons on running a business.

There will also be reviews of books on business listed here. Sometimes companies give me books to review. Regardless of where I get the book to review, I will give my honest opinion. If I was given the book to review I will always disclose that in the review.

I seek to start posting on 02 January 2012. Some of the posts will be recycled from some of my other blogs.

The reader should know that there is no one “Right Way” to conduct business that will apply in all situations. This blog is meant as a place to start. It is hoped that you will perform further research and consult professionals experienced in your particular business before making any important decisions.



06 June 2012

Foot Traffic Happy Birthday


Happy fiftieth birthday David

Foot Traffic


If you are in retail one of your biggest concerns is getting feet in the door. We call that foot traffic. If you have a restaurant or have a movie theater or night club, you call it getting butts in the seats. The concept is the same even though the name is different. A rose by any other name still has a bee in it that will sting you.

Many stores try to increase their foot traffic a multitude of ways. Wal-Mart has the “Everyday Low Prices” idea which, in theory, works better than most other methods. Some stores will use sales and promotions. Some stores will have contests and give-aways. But the best method of getting feet in the door is word of mouth.

If, once a person comes in your store you treat them well, they will probably be back. If, however, you ignore them or, worse yet, are out and out rude to them, chances are good they will never cross your threshold again. It is important to serve every customer well every time.

In order to improve foot traffic the store must decide what it can do better than most other stores. Once they have decided that, they can use that as a niche to get people in the door. One local convenience store brags on their restrooms. Customers stopping there can be sure they will find a clean restroom. Their prices are higher than most other stores, but they have the cleanest restrooms around. Families that need to stop for a drink and chips will probably stop there and pay a few dollars more so they can use a clean restroom.

Whether your store offers the cleanest restrooms, the freshest coffee, the tastiest snacks, the coldest drinks, the widest selection of snacks or whatever, you need to use this as your selling point. Get the feet in through the door and then turn that visitor into a customer.

Can you think of some great ideas to get customers to walk through your doors? Share them with the old redneck in the comments. 



Disclaimer
The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.
Please be sure to consult your attorney and/or accountant with any specific questions.
There is no one right answer to any business question that will cover all circumstances.
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