Attracting new traffic, new shoppers, is vital for local retail businesses. Every new shopper adds value to the business today and into the future.
We are always looking for businesses that do this well, in ways not traditional for that type of business. We found one a few weeks ago in Lake Geneva, Wisconsin – the Avant Cafe & Cycle shop. Here is a new video from us in which we explore what we like about what the folks at Avant are doing, what we learned from them.
They offers are well defined, quality and complimentary, yet able to successfully stand along … and that is key to any business attracting new traffic for specialty products or services – they need to be able to stand alone as that strength enhances the value of the combined offer.
Pursuing new traffic is the single most important business management activity for you and your business.
We suggest pursuing new traffic is a meditation point for any local specialty retailer… new traffic, what it is, what it means and how you can attract it.
When you approach any management or strategic activity in your business, think about what this task or activity will do to attract new shoppers.
It is not enough to do something in your shop for that is only seen by people in your shop. What are you doing to promote this outside your shop? … because that is where new traffic is to be found.
This is not something for your suppliers to do. It is up to you. Only you and your actions can attract new traffic.
Pursuing new traffic is about far more than putting new products in your store. Indeed, stock is only one of several steps that are all connected in pursuing new traffic. However, stock is the start. Stocking new lines never offered in the business are the best first step to take to bring in people who do not shop with you today.
What they are doing at Avant is attracting people who love and appreciate good coffee while at the same time attracting local cyclists and people wanting to purchase bikes or have their bikes serviced. Each of these separate areas does well, and they compliment each other.