Great Idea, Bob!
I just finished paying the bills. The flyer that came along with the light bill has a screaming headline:
Success requires sustained effort
Which for me, should read:
Staying in business requires sustained effort
Since I am slow as molasses in making changes, not too self confident in change, and certain that I will always make the wrong choice, over the last five years I have:
Advertising/promotion area
1)Put up a website (which as many have pointed out is not very good) but it has brought in a little business.
2)Dumped the Yellow Pages books that didn't work.
3)Tried direct mail, which didn't work well for me.
4)Tried several different kinds of auction promotions, with lackluster success.
5)Sent out a special customer appreciation thank you, which worked well.
Product Lines/Suppliers:
1)Brought in sectional frames, which helped me not lose the customer who wanted something right now in an odd size, at a low price, nothing fancy, thankyou.
2)Brought in some gift ware/specialty items. Didn't work for me.
3)Compared vendors for price/service/quality of product line/dependability, and shifted much of my buying from my previous main supplier to another, after giving the original main supplier the chance to improve and keep my business. Shift to new suppliers resulted in better discounts.
4)Brought in fabric line. No success here. Don't have Baers great salesmanship skills.
5)Have always had low, middle, and upper end lines. Started monitering this better per Bob's suggestion. Have found that the upper and the low end lines have fallen off this year.
Store improvements:
1)Tore down 2 walls, moved the moulding samples to the end where customers look, turn to when they come in the door. Am working on tearing down a third wall, makeing more moveable panels, downsizing the framing part, and renting space to a couple of other compatible business and becoming something like a "creativity corner", instead of just picture framing.
2)Painted outside of store.
3)Paved parking lot.
4)Contracted to have outside pole sign redone. Made 1/2 deposit, but long time company went bankrupt before they completed sign, so I lost money and sign.
5)Made up sandwich board sign to put on corner. Works great.
6)Changed lighted open/closed sign to 6"white letters cut out of 2 ply, hung on fishline in same window where lighted sign was. Works great.
7)Tried to balance framed display items with ones that will appeal to women and men, since more men are coming in. Need to put up somethings that will appeal more to under 30's, and to the very culturally diverse community in which I am located.
8)Tried various window displays. None worked well. Building is too far back from street and traffic goes by at too fast of a rate to see displays.
Business stuff:
1)Trying to get computerized in POS. Not very successful for me.
2)Have found same trend as everyone else - few people buying, but paying more, so sales are relatively flat. Trying to figure out a way to increase sales by getting more customers.
3)Located in a poor, culturally diverse community - about the worst location to put a frame shop - so I looked at relocating. Since I own the building and rent out parts of it, made the decision not to relocate, but to develop the property.
4)Got an SBA advisor - not a good match, am selecting a new one.
5)Connected with university retail management program and was selected for a business makeover.
6)Tried extended evening hours. Didn't work as no one else in neighborhood is open except a restaurant around the corner.
Professional pursuits:
1)Remained on the board of our local guild to keep in touch with other framers, and to help get meetings and instructors that would be helpfull. Retired this March.
2)Returned as co-chair for communtiy organization to keep up on annexation issue for this area. Wrote and umbrellad several grants to benefit area.
3)Attended trade show, kept class information, and refer to it often as I try different things.
4)Try not to make too big a fool of myself on the g.
Now, Bob, your turn to correct me and show me how I missed the point completely!