All businesses have tricks of the trade—tips and tactics that help them attract customers, increase revenue, and grow their companies. However, these solutions tend to be known and practiced within specific industries. Retail businesses, for instance, have their secrets to success, and service businesses have theirs.
But what if we mix it up? Are there retail tactics and techniques service businesses can “borrow” to improve their businesses and vice versa?
First, let’s examine some of the proven techniques retailers use. This blog post on Vend offers 17 tips to increase retail sales. Some are equally relevant to service businesses. Let’s take a closer look at a few.
1. Hire and develop employees who can offer exceptional customer service
Almost every retail expert advises retailers to hire wisely, making sure all employees are “passionate and knowledgeable” about the product mix and trained to provide great customer service.
While service businesses are likely hiring skilled staff knowledgeable about their industry, they often overlook the customer service angle. Whether you’re an accountant or financial advisor, run a graphics design firm or janitorial service, even if your employees are good at what they do, if they’re not equally strong working with people, your business could be in trouble.
Like retail employees, your staff needs to be trained to recognize what your clients need and want and how best to deliver it to them.
2. Promote corporate social responsibility (CSR)
Being a good corporate citizen should be part of every business’s core strategy. But it’s often easier for retail businesses to promote their CSR than service companies. Try these CSR activities to let people know your service business is dedicated to helping the community.
Service businesses with storefronts that attract customers throughout the day, such as hair and nail salons, spas, and gyms, can donate a portion of a day’s sales or profits to a charity or other worthy cause. Local schools often hold fundraisers at retail or food establishments. Perhaps your service business could host one in your facility.
If you own a car repair company or you’re a consultant, accountant, financial advisor, real estate agent, lawyer, graphic or web designer, tutor, dentist, etc. check out local community events. Many have booths where you can, while not dispensing advice, give out free, relevant checklists, such as general tax tips or how to stage your home for sale, how to go green, or five books every middle school child should read. You get the idea. Make sure your logo and contact info is on the documents and try to collect names and addresses (asking for permission to email them).
Other Articles From AllBusiness.com:
The Complete 35-Step Guide for Entrepreneurs Starting a Business
25 Frequently Asked Questions on Starting a Business
50 Questions Angel Investors Will Ask Entrepreneurs
17 Key Lessons for Entrepreneurs Starting A Business
If it’s appropriate, pick a cause that makes sense to your business mission and promote it. Contractors, home remodelers, interior designers, for example, could work with an organization like Habitat for Humanity.
Any service business can sponsor a local sports team (kids or adult) or a local marathon or other race.
The idea here is to be active and visible in your community.
3. Communicate, communicate, communicate
Retailers are always replenishing inventory, bringing in new products. This creates natural opportunities for them to regularly communicate with their customers. Savvy retailers employ a variety of communications methods, including postcards, text messaging, websites, e-newsletters, social platforms, etc.
Service entrepreneurs can use all those methods as well. Some service businesses have organic, seasonal opportunities to send communications. Accountants should be sharing tax tips both during the tax season and at the end of the year. Cleaning businesses should promote their services for “spring cleaning” and getting ready for holiday celebrations. Car mechanics and repair companies can promote “how to winterize your vehicles,” while hair salons can promote new styles for prom, graduation or other seasonal occasions.
All service businesses should have information to share. The easiest ways to do that are via their websites and e-newsletters.
4. Sell products
Obviously, retail companies are in the business of selling products. Service businesses can easily add a retail component. Whatever products you sell should be relevant to your business. Accountants can sell accounting software. Most salons already sell products (nail polish, shampoo, etc.) but you can add other merchandise your customers would like, such as hair accessories, jewelry, scarves, etc. Maid services can offer specialized cleaning products. Some service businesses, particularly ones specializing in offering information, such as marketing companies, can sell subscription newsletters or e-books. Almost any service entrepreneur can find books of interest to sell to their clientele.
If you have an office, you can sell these products there, but setting up an e-commerce component on your business website is easier than ever these days.
Service business tactics
5. Be the expert
Since service entrepreneurs are usually specialists in their fields it’s easy for them to position themselves as industry experts. They can augment that by teaching workshops or classes or becoming a go-to source for local media.
Retailers can easily do that as well. Depending you what you sell, you can become the local expert on the best toys for kids, beauty, fashion, and food trends, design ideas (furniture and décor), houseplants consumers can’t kill, recommended reading, etc.
Underscore your expertise by highlighting what you know on your website and in e-newsletters. You too can promote your expertise to local media, using press releases or just sending a note via email. Be active on social media—use it not only to promote sales, but to “show off” your what you know.
6. Social proof
Unlike retailers, service entrepreneurs generally sell something that can’t be seen. So they need to find other ways to get their prospects to see the value in what they’re selling.
Social proof is one way to do that. Consumers feel better about making a purchase (B2B or B2C) if they know other people have done it as well. Service business owners do this by using testimonials in their marketing materials.
Retailers can do this by showing how others have bought and used your products. Ask your customers to send pictures for you to post on your website. If you sell clothes and accessories, consumers can send pictures of themselves in their outfits. If it’s home décor or furniture, etc., they can send you shots of how your products look in their home or yard.
Ask your customers to post these pictures on their social platforms as well, tagging your business. Of course, you’ll need to amplify their posts. Also monitor the ratings and review sites, so you can promote the good reviews and try to fix the bad ones.
7. Focus on feelings
No matter what you’re selling, focusing on your prospects’ feelings can be key to making the sale. Think about how financial advisors appeal to people’s emotions about major life moments, like having a baby, buying a house, retirement, etc.
Retailers can appeal to consumers’ emotions in your marketing materials. Use language like “this rug will make your home feel cozy,” or “show the world you’ve made it by wearing this elegant watch,” or “make your pet feel loved by feeding them organic food.”
Most consumers buy products that make them comfortable and safe. Especially with big purchases, you don’t want to push them out of their comfort zone. However, if you sell inexpensive, impulse items, you have a little more leeway to sell them merchandise that makes them feel glamorous or sexy or adventurous.
Borrowing business tactics from industries other than your own can help make your business stand out from your competitors. Consumers prefer to do business with companies that aren’t doing the “same old thing.”
The post To Make Your Business Stand Out, Try ‘Borrowing’ Business Tactics From Other Industries appeared first on AllBusiness.com. Click for more information about Rieva Lesonsky. Copyright 2020 by AllBusiness.com. All rights reserved. The content and images contained in this RSS feed may only be used through an RSS reader and may not be reproduced on another website without the express written permission of the owner of AllBusiness.com.
To discover more visit: allbusiness.com