ALL >> Marketing >> View Article
Your Small Business Location: How To Choose The Best One
In almost every discussion about the new location, you'll hear talk about the cost per square foot, the lease length, and cost to remodel. These are considerations, to be sure. But they are all missing the one big point that needs to be addressed; Does this new small business location attract the people who buy from you?
If you have a location now, you already know the demographics of your ideal customer. Ask yourself; Does most of your profit come from teenagers, middle aged adults, or the aged? Men or women? Married or single? What income do most of them have? What kind of music to they like? What do the watch on TV? White collar or blue collar?
If you don't have a store right now, and are thinking of opening one, visit a store selling what you would like to sell. Walk around. What kind of people shop there, and buy? ( "Buy" is the important word here) There may be several close stores around your new proposed destination. It may take a whole day. A day well invested.
If you are thinking about moving to a different location, what is going to be around your new store? What kind of businesses are there? ...
... Do these businesses attract the type of people that buy from you now? Please don't think that you will change the group of people who make up your customer base. If your customers are mostly high brow older people, a biker bar right next to the new location will kill your business (at least you'll have a place to drown your sorrows).
Do you sell something that is heavy, or hard to carry? Do you want parking spaces that are 500 feet from your door? Maybe not.
Are most of the customers kids? Do kids make up the bulk of your customers?
Are the activities in the close area surrounding the new location attracting your best customer?
Are most of your customers middle aged? Is there a movie theater next to your store? Do middle aged people make up the bulk of an audience that goes to movie theaters?
Would your new store be very easy to see from the road, or do you have to drive into a mall or complex to even see the store? How much of your business is from people just driving by?
Is most of your business from "browsers"? Is your small business a destination business, like one selling plumbing or electrical supplies?
Your location is Marketing. Your signage is Marketing, Your visibility from the road is Marketing. And the most important question you can ask is "Does this location make it easier for my best customers to find me, or do they find me because of who is next to me?"
If the new small business location attracts the wrong demographic of customer (wrong for your business) than the cost per square foot is immaterial, because you will be attracting non-buyers to your location.. If this new location is surrounded by stores and shops that cater to your idea customer, the cost per square foot is almost immaterial too, because your customer will be attracted to your new location.
Small Business Marketing and Local Advertising expert Claude Whitacre is author of the book The Unfair Advantage Small Business Advertising Manual. You can purchase the book for $19.95 at http://www.claudewhitacre.com You can also download your Free copy of the complete book at http://www.local-small-business-advertising-marketing-book.com
Add Comment
Marketing Articles
1. The Merits Of Doing Marketing In AdelaideAuthor: Barry Elvis
2. Digital Marketing Agency For Small Business: Why Hobo E Services Is Your Best Choice
Author: Hobo e Services
3. Marketing Mistri-best Seo Company In Jaipur
Author: Marketing Mistri
4. 5g-powered Marketing Automation: What Marketers Need To Know
Author: Saastargo Technologies
5. Understanding The Role Of Analytics In Digital Marketing Success
Author: Saastargo Technologies
6. Seo In The Ai Era: How Artificial Intelligence Is Shaping Search Optimization
Author: Saastargo Technologies
7. 6 Ways To Measure Roi From Influencer Marketing Campaigns!
Author: Pooja Saha
8. 5 Best Skills Needed To Become An Expert Email Marketer!
Author: Pooja Saha
9. What Is A Digital Marketing Agency And Why Your Business Needs One
Author: Vaibhav
10. Top 5 Bug Tracking Software Of 2025
Author: Otis
11. The Role Of Ai In Shaping The Future Of Marketing
Author: Dharma Raj
12. 15 Reasons Your Keyword’s Rankings Are Fluctuating Like Crazy
Author: Olivia Walker
13. Momentum In Action: Tailored Growth Marketing Strategies For Series A Startups
Author: Alastar Kerpel
14. Experience Ultimate Softness With Satino Royale Carpet
Author: carpetsonline
15. 10 Must Have Digital Marketing Services To Boost Your Business Growth
Author: Uprango Digital