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Published : October 28, 2010 | Author : jacklavis
Category : Marketing | Total Views : 43 | Unrated

  
jacklavis
Jack lavis is a product designer at Easy display and has more than five years experience working in indoor and outdoor advertising.
 






Wherever you walk, you would notice endless stream of stores. Here there and everywhere people are selling some or the other thing. Earlier people didn’t have much choice but just a few options to explore. But over some years things have changed drastically and now the customer has ample choice of any product he wants to buy. With such aggressive competition, it’s difficult to survive in the market. For any business – small or big- it’s extremely important to stand the competition to make it big sometime in future.

Even the ones who start their business with good capital sometimes fail and thereafter give up. Just having good quantity and quality of products is not crucial for success in a business. It needs a lot more than that. One must know the basics of making any business work and at least stand the competition. The first step however, is planning that would include identifying product and location and the source market. The indispensable part is- budgeting, that plays an important role at every step of the business till its start and even after that. Secondly, one must do proper costing for each facade of the business. Many people start their business just after renting a store and then filling it with stuff. What they forget is: MARKETING. Yes, here comes the ultimate key factor for success in any kind of business. One must have a separate budget for marketing of the product. Marketing strategy may differ depending on the type of product and the target market and customer. But one can not get success without marketing one’s business.

Advertising is one of the most crucial aspects of marketing. You can call it ‘soul’ of the business. Even before actual start of the store, one must ensure advertising pattern and start working on it. One can use ‘Coming soon’ pattern for print advertising. Even on the shutters or screens of the store, ‘coming soon’ can be printed to evoke curiosity in the customer. Then unique features of the products should reach the customers through leaflets / pamphlets. Organizing a nice inauguration ceremony would give a good visibility to the store. And then, opening discount for the first month can yield good benefits. This promotion model can threaten other stores as customers will get attracted towards your store. Huge Pop up Displays with some exciting and relevant visuals can make a lot of difference. Big pop up banners with header lights and catchy postures can immediately draw customer’s attention. For sure these pop up displays work wonders to outshine your competitors. Whereas, luring window dressing can give the cutting-edge to your store and make it can stand apart.




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