Is your business forced to close??
A closed business does not mean a dead business.
Your business being closed is temporary but improving and growing your business is permanent.
Analyse your business by asking yourself:
1. What Am I Missing? Does my business need;
Increased range of garment styles and designs.
Products to offer younger generations.
Modernised in-store experience.
Products that my customers can customise themselves.
2. Where Can I Earn More?
What is my best performing product? And who is buying it?
Why do they buy it from me ?
Can my store offer a better service that will cost me relatively little in time/resources but give more benefits to my customers?
Do I have large amounts of money tied up in stock? Is there a better way to offer garments without holding stock and keeping more money in my account.
With these answers, you can figure out how to generate more revenue from the same customer by tacking on auxiliary products or services that you know will fit their needs better.
3. What threats are my business exposed to?
Am I safe offering the same products I offered in previous years or is a more customisable and tailored product the future of Menswear?
Do I fully meet my customers’ needs & requirements?
Am I offering similar products as my competitors?
Can my customers easily switch to my competitors?
Competing on price is not an option. Losing customers to new products and services is a reality.
4. Dec 31st | Judgement Day
Did I step outside my comfort zone?
What new product(s)/service did I launch or offer?
What existing product(s) did I experiment with?
Am I still worrying about the stock I’m holding?
Did I take a hard look at the market and the customers of today or the future? If so, what did I do about it?
Has my brand’s presence been improved?
Not sure what new opportunity to grab? We might be able to help.
We supply menswear stores, like yourself, with a new retail solution. With us, you will be able to offer fully customisable formal & casual menswear garments, with an option to tailor. No need to hold stock, you only need to pay for orders as you receive them, and enjoy 12-14 day guaranteed delivery into your store. All done on an easy to use iPad APP. If you like some to know more, feel free to get in touch with us.
Did we mention that retailers only pay us when they receive a customer order?
Contact us here to talk to a member from our team.
We'd love to hear from you!
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