Driving Foot Traffic: Woolworth’s Style December 14, 2012Posted by David Dirks in Driving Store Traffic, Retailer Store Strategies, Sales Strategy/Tactics, Solving Business Problems, Strategy.
Tags: business strategy, David Dirks, David E Dirks, dirks on strategy, driving store traffic, market differentiation, sales strategy, store traffic
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It took the latest issue of Businessweek to remind of that oftentimes what is new is old. Case in point: the Woolworth’s food counter. Remember (for those of you who are old enough to) the days when you local Woolworth’s store had a lunch counter where great, cheap hamburgers, fries and a great milkshake where just across from those square product bins that checkered the store? Woolworth’s was a pioneer in creating a way to drive foot traffic with something that had nothing directly connected to the products they sold. By having a soda fountain style lunch counter, there sales per square foot where for a long time better than average.
The lunch counter couldn’t save Woolworth’s from going out of business after decades of success but the idea of driving traffic by providing food lives on. Nordstrom operates about 200 restaurants of one kind or another, including coffee bars. Barnes & Noble developed its coffee bar concept to drive traffic and create a reason for people to hang around the store longer. You’ll also notice that the coffee bar is a place where people meet to socialize. They know what Woolworth’s long understood: The longer they stay, the more chance they will buy.
So am I suggesting that brick & mortar store owner rig up the BBQ and serve up some burgers? Not exactly. What I am suggesting is that in the battle of driving foot traffic it might be that food or drink (coffee bar?) might just do the trick. As I always say, there is no magic bullet for creating foot traffic – only hard work and great execution wins the day.
What can you do to create ways for people to want to come to your store and stay a bit longer? Think about it.
“Impossible” Is Just An Opinion December 6, 2012Posted by David Dirks in business strategy, Solving Business Problems.
Tags: business strategy, David Dirks, dirks on strategy, innovation, strategy, success
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Impossible. The word that has closed more minds, doors and opportunities than any other I can think of. “Impossible” is often a frame of mind and an easy, convenient door stop for shutting just about any challenge, idea, project or thought down. Cold.
Of course, it was impossible for us to think of anything replacing the horse and buggy. It was impossible that candles or whale oil could be replaced. Impossible it was to think that man or woman could fly from one point to another. Impossible that much medicine could actually fix a bad heart. Impossible that a man could compete in the Olympics with mechanical legs. Just lot’s of impossibilities out there.
Did you know that Margaret Mitchell was turned down 38 times before a publisher said yes to her manuscript for Gone with the Wind? Or the more recent Chicken Soup for the Soul was rejected 140 times before getting a publisher? Steven King was turned down 30 times when he was trying to publish a manuscript titled as Carrie? The great artist, Monet, had his artwork ridiculed in his day.
At what point do you think that any of these people thought it was going to be “impossible” to get that book published? The first rejection or the 140th? The answer is clear. They didn’t see impossible at the first or last point of rejection. What they saw in their minds was this:
What the mind can conceive, man can achieve.
We can be thankful that there a few people in every organization that see beyond what many of us see as great, impenetrable walls of impossibility. Next time you hear someone use the word “impossible”, just remember that what they really told you was that it is possible.