Achieving Dollar Store Success Requires a Strong Marketing Plan

Feb 29
14:29

2012

Bob B. Hamilton

Bob B. Hamilton

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It is important for owners to understand they cannot simply open their doors and expect customers to come flocking in to their store. In order to achieve dollar store success you will need to have a solid marketing plan in place. This plan needs to include both short-term and long-term goals and actions to achieve those goals.

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It is important for owners to understand they cannot simply open their doors and expect customers to come flocking in to their store.  In order to achieve dollar store success you will need to have a solid marketing plan in place.  This plan needs to include both short-term and long-term goals and actions to achieve those goals.

To put your marketing plan in action you need to have enough funding to back you up.  There will be many different ways you can market your store.  If your funding is not quite enough to pay for radio and TV spots then you can go with cheaper forms of promotion.
Your marketing plan should definitely make a big deal out of your grand opening.  You need to start off on the right foot and try to get plenty of customers in the door from the start.  Offer prizes and great deals to get people to check your store out.

If you do not have a lot of money to promote your grand opening event then using flyers is a good idea.  You can have hundreds of them printed up for not much money.  You will mainly need to spend most of your time actually passing the fliers out.

Definitely consider having a banner outside your store,Achieving Dollar Store Success Requires a Strong Marketing Plan Articles especially announcing its grand opening.  Make sure it is large enough for people to see from a distance while driving by in their vehicles.  Even think about placing a small banner in your front window and various places inside your store.

Running ads in the newspaper will not put a significant dent in your marketing plan's budget either.  Whenever you are holding a special event like your grand opening you need to put an ad in the paper to attract people.  Using ads near the holidays when you are having a sale will be a great way to spend your advertising dollars too.

No matter what type of marketing plan you implement, it is very important you to have in-demand items in your store.  As you attract people to come to your store, you want them to find items they actually need and will to buy.  If you offer great deals and in-demand items customers will be more inclined to come back again as well as to tell people they know to stop by too.  Both of these will certainly help your store move down the road to dollar store success.

One final thing you should consider doing to ensure your dollar store success is to implement a shopper recognition program.  National stores are not the only ones that can use such programs.  Reward all of your loyal customers by starting a simple program yourself.