Shhhh! it's a Secret. How to Compete Against Walmart and the Internet.
By Fran Tabor
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About this ebook
The author shares the attitudes and techniques that enabled her to grow her small town, Mom & Pop shop from $20,000 per year to over a million per year. Available eBook, Print and Audio
Fran Tabor
Fran loves laughter, learning, talking and writing -- sometimes all at the same time. She is often interviewed on podcasts, such as https://www.youtube.com/watch?v=8QLHmYgK9FE, where her part starts at 9:28. Fran Tabor helped found a Mom & Pop Brick & Mortar business in 1978. Its first years it grossed less than $20,000 per year. It has survived divorce, embezzlements, cutthroat competition, uninsured cancer, recessions and rapidly changing technologies. From 2003 onward, it has grossed over a Million per year every year.
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Shhhh! it's a Secret. How to Compete Against Walmart and the Internet. - Fran Tabor
Fletchers and Dodo Birds
Should anyone need to get out of a comfortable chair, drive through obnoxious traffic, find a parking place just to buy stuff?
Some insist, No. Brick & mortar retailers are the Dodo birds of business, as extinct as the town fletcher, the arrow maker.
Most Americans’ knowledge of bows & arrows is limited to box store toys. Few know the arrow is still being invented, that archery enthusiasts live everywhere. Most big cities have archery specialty stores.
Fifty years ago, a modern fletcher had two choices. He could cater only to local cliental or risk investing in expensive catalogues. Today, the net lets any fletcher create an on-line catalogue to sell his wares around the world. Growth is limited by talent, not a fat bankroll.
Some archery dealers have abandoned their stores to the net. Others use the Internet to explain why archery equipment should be personalized and draw people into their stores to a level never before possible.
What does this have to do with your specialty shop?
Everything.
Too often our potential customers aren’t even aware of anything beyond box store choices. In the past, it took big money to let people know we independent specialty shops exist, and what we offer that box stores can’t.
Just when the Internet made it easier to go against the retail giants, it also made it more dangerous.
You take your time to educate your customer about what choices best fit her exact needs—and believe you will make a big sale, the kind that pays the rent. Your customer is thrilled to finally have his needs met. The anticipated profit is your payment for educating your customer.
Then the customer researches the net, buys the item at cost and an undeserving stranger gets paid for YOUR work!
Should we whine There’s no way to compete with the net!
and just quit?
If we sell only product that people already know about, perhaps we should.
If we sell only product readily available elsewhere, perhaps we should.
If, when teaching about new products, we do nothing to make our store’s product different from our competitor’s, again, perhaps we should just wave Good by!
to our customer, abandon him to the net.
What can ANY brick and mortar business offer that the Internet can’t?
First, we are time savers.
In many of our ads, I mention, We research so YOU don’t have too.
Do you think most people LIKE researching? Or would they rather be emailing friends? Playing games? Watching movies?
Secondly, we are safer.
Mention the safety of try before you buy.
Share horror stories about customers who phoned for help from uncaring, out-of-state, internet dealers who really don’t care.
We, on the other hand, often see our customers at the local grocery store. We MUST care.
Worse, to discourage returns, most Internet dealers make the customer pay for return shipping. What value is a guarantee if the seller knows he will seldom—if ever—have to honor it?
Thirdly, we can customize.
Plus we have another Big Advantage over Internet shops.
Remember the archery stores? Once their customers learn the advantage of trial shooting, they want to touch, feel, smell and—most importantly—shoot a prospective new piece.
Any demonstration on the net or TV will never be as trusted as a person’s own touchy-feely experience. We show, not tell, what makes our merchandise special.
The final emphasis should always be on feelings, something the net can’t match.
It is an honest final emphasis because people will like and recommend products only if they feel