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139 – How to Open a Retail Store with Bruce Erickson of Summer Classics

139 – How to Open a Retail Store with Bruce Erickson of Summer Classics

FromGift Biz Unwrapped


139 – How to Open a Retail Store with Bruce Erickson of Summer Classics

FromGift Biz Unwrapped

ratings:
Length:
48 minutes
Released:
Dec 4, 2017
Format:
Podcast episode

Description

In March of 2016, Bruce opened his Summer Classics Home store in downtown Highland Park, IL.
Bruce chose Summer Classics because he has known the owner for over 20 years and has always admired Bew White’s vision for the company and the industry as a whole.
Having been in the furniture business for over 35 years, Bruce has perspective from both the retail and wholesale sides. He knows a good thing when he sees it and he wanted “in” on the this retail chain.
Summer Classics Outdoor Furniture stands out with its timeless yet fashionable style. Their designers are inspired to create sophisticated products by combining traditional craftsmanship with innovative usage of diverse materials.
In a disposable culture, this makes Summer Classics furniture a purchase for generations.
Bruce’s Summer Classics StoryBruce’s love of retail started early. [5:19]
Why Bruce decided to go back into retail. [9:39]
How his Summer Classics store is unique. [16:21]
The planning and party – a Grand Opening success. [20:39]
The advertising plan with placement and messaging. [26:57]
Candle Flickering MomentsFunding the purchase of a store. [23:00]
Outsourcing for delivery proved to be more trouble than expected. [24:21]
Business Building InsightsA note on failure. [4:29]
Two examples illustrating how connections can help advance your plan. [7:46]
How to research your market before opening a store. [10:46]
Setting up a retail environment that reinforces customer loyalty. [14:41]
Email strategies that work. [30:46]
IP targeting is an up and coming opportunity. [33:23]
Retail today. It’s all about your niche. [34:34]
Managing guests within your store. [36:42]
Local community involvement. [38:41]
Valuable ResourceIndustry meetings. [37:40]
http://amzn.to/2honQ7y (Shops That Pop!: 7 Steps to Extraordinary Retail Success) by Pamela Danziger and Jennifer Lorenzetti
A Final WordAdvice for someone considering a retail store. [40:19]
Contact Linkshttp://summerclassics.com/sc-stores/chicago/ (Website)
https://www.facebook.com/summerclassicschicago/ (Facebook)
https://www.instagram.com/schomechicago/ (Instagram)
https://twitter.com/SCHChicago (Twitter)
https://www.linkedin.com/in/bruce-erickson-23a023b5/ (LinkedIn)
If you found value in this podcast, make sure to subscribe and leave a review in http://www.giftbizunwrapped.com/ApplePodcasts (Apple Podcasts) or http://www.giftbizunwrapped.com/GooglePodcasts (Google Podcasts). That helps us spread the word to more makers just like you. Thanks! Sue
Released:
Dec 4, 2017
Format:
Podcast episode

Titles in the series (100)

Have you thought about turning your hobby into a profitable small business? This podcast shows you how to do just that. Whether you want a side gig for some extra cash or to get out of your 9-5, the handmade products you make for fun can hold the key! In each episode you'll hear steps and actions to take to start and grow a profitable business. It's created specifically for the handmade product business entrepreneur; a group I lovingly call Gifters, Bakers, Crafters, and Makers. You're a fabulous unique creative person and I'm here to help you get on the right path to making your vision a reality. There's a lot out there about building a service based business, some about building a product business, but handmade is different. There are specific nuances to handmade that we cover here. Have you thought about starting a business but not sure what the first steps should be and you're afraid to do it "wrong?" Have you started your business but it's not progressing as you had envisioned? Are you confused about Etsy, Amazon Handmade and Shopify platforms? What about email marketing and Facebook or Instagram ads for attracting sales? There is so much to know it can be overwhelming and confusing. I'm your host, Sue Monhait, and I interview business owners who have been where you are. This is combined with over 30 years of experience consulting hundreds of boutique and big brands along with opening two profitable product based business of my own, I'm here to help you realize your dream. At the end of each episode, you'll walk away with new ideas, tools, or processes that you can apply immediately to get results. Decide on your business. Learn how to get started. Hear what others do to get customers and increase their sales. A great first step is to subscribe to the show. Then you'll automatically get each new episode as it releases - ready and waiting for you when it's convenient to listen. The main show becomes available on Saturday morning with a short Tips & Talk episode on Wednesday. I want you to know that you don't have to do this alone. Find more free resources over at GiftBizUnwrapped.com and if you're looking for a community of handmade makers just like you, join us over in my private Facebook Group - Gift Biz Breeze.