How to win an auction


Adapt or Perish -- Small Business Survival in the Land of the Giants

Mega--stores are a fact of life and they arehow the very newest releases are at eye level
not going away. If you own a small brick andin the video store. Notice the paint colors
mortar business, you just have to adapt. Youused in various mega--stores. Different
must discover and exploit their weaknessescolors evoke different emotions. Listen to
and you must develop your strengths. It's athe music played in stores. Be observant.
matter of your survival and you must do whatThere is a psychology to marketing and
it takes within the confines of integrity andmerchandising. Learn how to use some of it to
the Golden Rule.Keep in mind that you are nothelp your business without being
even on the radar screen of the mega--stores.manipulative. You want your business to be a
You are not competition to them, yet they arecustomer--friendly place.Listen to your
competition to you. To survive, you mustcustomers - they give you your best market
learn their weaknesses and develop yourinformation. They will tell you what they
strengths.Their WeaknessesTheir sheer sizelike and don't like. They will sometimes ask
makes them slow to move and adapt. They havefor a product that you don't normally carry
information about national market trends butin stock. Maybe even the mega--store doesn't
they may be weak about some specific localcarry it. If a few customers ask for it, you
market conditions. Their management decisionsmay try getting some to see how they sell.
typically come from corporate headquarters.You are flexible enough that you can that.
This may include which products to stock,The mega--store normally cannot or will not.
which price to charge and how to displayAs big as the mega--stores are, they don't
merchandise. Customer service is sometimes acarry everything. Or they may just carry a
weakness. However, the mega--stores havesmall selection of a particular product
improved in that area last over the last fewgroup. You can find your niche by studying
years.Products are not always priced.the mega--store in your area. You can find
Sometimes the mega--store employees are justthat product group where they are weak.Don't
too busy or have a "That's not my job"give customers too much of a selection in
mentality. There is nothing more aggravatingproducts. That may sound odd but it really
than being interested in an item but notdepends on your product line. Sometimes, too
knowing how much it cost. Some customers willmany choices are not good -- don't add to
go to the customer service area and ask whattheir daily frustration. 29 different choices
it costs. Others will just leave withoutof blue paint color is okay for a paint
buying the item they were interested in. Somestore, but 29 different types or brands of
people just don't like them. For whateverCD--Rom drives for a computer store is
reason, some people just will not shop at theredundant and can be frustrating for a
mega--stores. Your Strengths You are small.customer trying to decide which to buy.
You can adapt to market conditions moreSometimes people just want to get in and out
easily, especially your local market.with what they need. Help them make their
Customer service is your biggest strength.life simpler. Sometimes just two or three
Learn more about it. Go the extra mile.choices for each particular product should
Develop a more personable atmosphere in yoursuffice. You could give them a low--end cheap
store. Greet customers within 10 seconds ofchoice, a high--end higher quality choice,
entering your store. Smile. Learn their namesand a middle--of--the--road good value
and call them by name. When they leave yourchoice. Use common sense - you know your
store, say "Thanks for stopping by", or "Havebusiness best.Always do the right thing.
a good day". Smile again. As a small storeDon't think you can get ahead by lying or
with few employees (or maybe just one!), theycheating. You can't. At some point, it will
will learn to recognize you. They will feelcome back around. In addition to being wrong,
more comfortable with someone they have dealtit will hurt your business. Do what's right
with before. You are small enough that yourand always treat people with respect and
merchandise displays are very manageable.courtesy. Mega--stores may make your
Make sure they always look nice. Make surebusiness more difficult but you can survive
your customers can easily find what they areamong them. Develop a Rambo or a guerilla
looking for. Make especially sure they canmentality as it pertains to survival. Adapt
see the price of every item. Some customersto your surroundings -- learn and change. Be
will shop at a small locally owned businesssmart, keep your business efficient, and
instead of a mega--store just as a matter ofabove all, treat your customers like royalty.
principle. It's their way of protestingThey will come back and they will tell people
against the 'big guys'. Give them a goodthey know -- and that's the best advertising
reason to come back. Give them great customerthere is.Craig Jones has been a small
service combined with excellent products.business owner since 1991 and a Realtor since
Some Practical Advice Learn from theearly 2005. Check out his newest web site
mega--stores. They spend millions of dollarscalled There you will find a collection of
on research and marketing. Visit their storesome of the most useful websites around. We
and observe how they do things. You should belist the top websites in over 15 categories
able to pick up a few tips that you can use.that are jam packed with loads of free
For instance, there is a reason that milk isinformation that can save you time and money.
normally at the back of the grocery store.We don't overwhelm you with too many choices
There is a reason that impulse items such asin each category -- we only give you the
candy and magazines are near the checkoutcream of the crop.
stands where you are normally waiting. Notice



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