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Issue 179 - November 2, 2006 - Here's where you should be November 15 if you want in on all the secrets . . .
Welcome to Issue 179 of McCurry Associates' Marketing
Idea Exchange. Please send us your marketing idea as
well as comments on those ideas posted by hitting your
reply button or emailing to
ideas@mccurr
yassoc.com. You may offer free subscriptions to your
colleagues by sending them this link:
http ://photoimagenews.com/mccurry.htm - Ask them to
include their name, store name and city in the body of
the email - privacy is protected, see below. Please
Enjoy, Consider and Profit from these ideas. All the
Best, Bill Here's your chance to learn why the
people of Dan's Camera City were chosen to
grace the cover of Bill McCurry's newest
book, "It's Your People . . . Really!" You can still sign up for the free Open
House at Dan's Camera in Allentown, PA
November 15th. Seats are going too fast to
waste space on the details but you can learn
all about this event at
Issue 178 of the MMIE. Grant P. Hatch - Spectrum Photo -
Wolfeboro, NH -
spectrumphotoonline.com Good day Bill ! I thought I would forward to you an email
I sent to Joel Paymer in response to his
request for Promaster success stories. I know that most of what is below can not
be directly used in your newsletter, but the
ideas are there, and you have my full
permission to reword anything, should you
find it worthy of inclusion in your
newsletter. editor's note: we blanked out some of
the confidential price data . . . I highlighted the paragraph on DIGITAL
CAMERA NECKSTRAPS. . .because that really is
a wide open market ready and easy to tap!
I look forward to seeing you in March in
Vegas! SPECTRUM PHOTO has been successful
selling the PROMASTER #4844 (AA XTRAPOWER /
2HR-CHGR w/ CAR CORD) - making another
$(bunch) in profit over # 9718 for only $1
more invested. We sell the 9718 for $(a lot)
and the 4844 for $10 more. We simply tell
the customer that a AA charger will pay for
itself in 2- 3 months versus buying AA
alkaline batteries, and that for only $10
more they can charge them faster. . .and
also in their car with the upgrade model.
It’s usually a sale of one charger anyways.
. .but the upgraded sell is worth the few
extra words! A growing success story is for the
product I requested that Jeff bring in to
the warehouse, and he did - PRO NECKSTRAPS
for COMPACT DIGITAL CAMERAS - # 5782 black
and # 5789 gray. Again, a simple suggestive
sell adds $19.99 to many digital camera
sales. When customers are told that the
camera they are buying only includes a wrist
strap, that alone frequently cinches the
sale, and a (big) profit! Another change SPECTRUM PHOTO has just
made is that while we only stock PROMASTER
CF AND SD cards - we have now moved to start
stocking only the PROFESSIONAL HIGH SPEED
VERSIONS! We use a copy of the PTN Awards
sheet to show the #1 rating for PROMASTER
Memory Cards. Then we tell customers about
the HIGH RELIALBILITY, lifetime warranty and
exceptional performance Promaster cards
deliver. We also tell them, that unlike
other name-brand cards, Promaster does not
need to include recovery software because
they are reliable, and as a camera store,
not a mass marketer, we feel more obligation
to sell you a quality product, just like we
would good film. The analogy works, and we
get a price well above the street price that
most other cards are selling for! I expect to be able to add another
success story as soon as the new microfiber
pouches of the UNITY BUY arrive. That was
another product I requested Jeff to bring
in. He was rather down on the idea unit I
posted it on the General Forum and asked for
other members to add their thoughts. It
should be great for all of us! Best regards, Grant That doesn't mean you can't buy
comparable high-profit accessories from
other vendors. Where ever you buy accessories, you
should know that selling $50 work of add-ons
with the typical digital camera can double
your gross profit.
You might want to make hotel reservations
soon, because once more NASCAR will be in
town! We have special permission from PMA to
spread the word to the world, so here it is.
We suggest you right-click on this address
and download the 5 MB PDF file to your
computer.
Gary Grinaker - The Photo Express -
Bismark, ND -
cleverlyhidden.com I didn't write this, it was on the
framer's forum. That said, it's a good
story: Being open on Sunday . . . Is
there a more emotional long-lasting issue
among small business people? . . . Here are
a couple of insights from different framing
situations . . . who are on different sides
of the issue . . . and it appears they are
both very successful . . . Dan's Camera City (Allentown, PA) has 65
employees in one location - three of whom
are in their in store custom framing
department . . . they do significant custom
picture framing. They are closed Sundays
except for Christmas . . . and get this,
they are closed Saturday AND Sunday in July
and August . . . so their staff can spend
the summer weekends with their families . .
. Are they losing some business, yes, of
course, they are. They feel the benefit they
get from letting their employees and
customers know how they feel about family is
more beneficial . . . and did I mention that
they are on target for 2006 to be their most
profitable year? Contrast this to a new company called
"air" . . . it was going to be an acronym,
but they've decided to just call it "air"
(all lower case.) They have taken over a spot that was
primarily one hour finishing and processing
- they have totally remodeled and put in
custom framing. They are in "downtown"
London, just off Oxford Street near Regent
Street (think Park Avenue and 5th Avenue.)
The location "has always" been closed
Sunday. Karen Peck told me that one of the
first things she did was to keep the store
open on Sunday - much to the wails and
gnashing of teeth of the long term employees
of the former owner. They told her how
Sunday was a loser. She said, "For years you have turned
people away on Sunday so it will take us a
long time to retrain our customers. We will
be open Sunday and we will not discuss it
again until one year from now." That slowed down (not stopped) the
complaining. Karen says Sundays are probably the most
profitable day. . . she says that's when
"regular" customers bring in their projects
because they know the store isn't as busy
and customers also have more time. She tells
the story of a £140 multiple piece job that
was being picked up one Sunday. She started talking to the customer about
why he didn't have more creative mats,
larger frames, filets, etc . . . Three hours
later she wrote up £1,500 worth of work for
the same pieces. (Yes, she had some 'scrap'
from the earlier work . . . but not as much
as you'd think - and who wouldn't eat £140
to get £1,500?) Karen's point is that during the week the
company can get £140 orders . . . but with
time on Sunday where both the customer and
the staff are relaxed, you can really sell
profitable orders and build customer
relationships that are impractical to do
during the hectic weekday. What do these two situations prove? That
business is an art, not a science . . . Hope
it helps your thought process. Gary, some people will do anything for
chocolate. Yours is on the way. The last issue of the McCurry Marketing
Idea Exchange will be published Wednesday,
November 22nd, so you can read it before the
USA Thanksgiving holiday. We will resume publication January 4,
2007. You can still earn your sweet reward by
sending us your idea before our hiatus, even
if it doesn't get used until next year. To cancel your subscription, please send an email to
cancel@mccurryassoc.com The email should be sent from the email account that
is the contact. Otherwise, be very clear in the text of
your email who the contact is. Sincerely, Bill Terms of use for this community
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