AGAINST THE GRAIN
by Dwayne Thompson
Bottom Line
Have you taken time this year to truly track your foot traffic in your establishment? Have you taken a physical count of how many people frequent your location by tracking those who are just price shopping, or just looking, compared to those who actually buy products from you. Do you know when your foot traffic is low and how to get more customers in front of your products? Are you attracting new customers outside of your area? These customers may be seeking a specific product which cannot be found in their local area. Are you taking note of products your customers are seeking and cannot find at your location? Is your staff aware of how to make you the owner aware of products your customers are seeking but are not in stock or available in your area? These are important questions to discuss and address to help you retain customers and drive revenue in your establishment.
A great way to monitor or track the products your customers could not find is to simply train your staff to ask, "Did you find everything you were looking for today?" This question can help you determine if they came to your location to find something specific like a new product line on the market. If you do not recognize a new customer, it is OK to ask "How did you find out about our store?" or "Is this your first time shopping with us?" Remember to provide this customer with a business card which will provide them with a discount when they bring in a friend to shop for products on their next visit to your location.
Word of mouth is the best form of promotion for any business, including a beauty or barber supplier. Remember, the development of a good personal relationship with your customers is key to retention and business growth. Most of all, this will always affect your bottom line and place you on the path to profitability.