$Two-Buck Chuck & Traders Joes -- Innovative Marketing

Written by Frank Williams


Innovative marketing isn't about creating ways to bring a horse to water, but finding ways to makerepparttar horse thirsty. Perhaps this wasrepparttar 120623 thinking when Trader Joe's began exclusive distribution ofrepparttar 120624 Charles Shaw brand of wine at an unheard of price of $1.99.

Great marketing ideas seem obvious after they become successful. Such isrepparttar 120625 case with this niche grocery store and what Global Marketing, Inc. termsrepparttar 120626 "$2-Buck-Chuck" marketing phenomena.

Started by Joe Coulombe Trader Joe's has evolved into its present form over a number of years. Trader Joe's actually began in 1958 as a chain of convenience stores called "Pronto Markets" inrepparttar 120627 Los Angeles area. In 1967 Joe Coulombe, wanted to expandrepparttar 120628 stores' offerings and enhance their image. He doubledrepparttar 120629 floor space and offered hard-to-find, boutique domestic and imported wines and gourmet food items at outstanding prices. He decked outrepparttar 120630 stores with cedar plank walls and nautical décor and garbedrepparttar 120631 Captain (the store manager),repparttar 120632 First Mate (the assistant manager) andrepparttar 120633 CrewMembers in colorful Hawaiian shirts. "Trader Joe's" was born.

Today, 200 stores strong in 17 states, Trader Joe's has expanded to Arizona, Connecticut, Delaware, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio, Oregon, Pennsylvania, Virginia and Washington. With annual sales of roughly $2.2 billion, this privately held firm is considered one of America's fastest growing companies.

Dan Bane isrepparttar 120634 current Chairman and CEO of Trader Joe's. When Dan assumed this position in 2000 he was already a long-term employee of Trader Joe's. As president of Trader Joe's west he managed about 120 stores and supervised various operational, real estate and marketing elements forrepparttar 120635 business.

When Dan became CEO he already knew he had one pressing problem. Trader Joes had grown into a significant leader in a smaller market of niche product offerings. To take Trader Joes torepparttar 120636 next level of growth he would have to find ways to expand his customer base.

Expanding his served markets would not be easy. Dan needed to find a marketing strategy that allowed his firm to retain their present customer base, while addressing and capturing portions ofrepparttar 120637 larger, albeit, more competitive market opportunity now served byrepparttar 120638 biggies - Ralph's, Vons, Albertsons, etc.

Dan felt confident that Trader Joes proven business model would layrepparttar 120639 foundation of this strategy, but what would berepparttar 120640 catalyst that drives entry into this expanded market?

Success comes in a variety of ways. Sometimes it emanates from clever, well thought-out ideas, meticulously executed inrepparttar 120641 market with justrepparttar 120642 right amount of luck. And then there isrepparttar 120643 coming together of forces, almost coincidentally, that meter out phenomenal success - such isrepparttar 120644 case when Trader Joes and Fred Franzia of Bronco Winery came together in late 2002.

It turns out that as Dan Bane was looking for a growth strategy for his Trader Joes, Fred Franzia was looking for a new customer base where he could sell a high volume of ‘budget' wine.

So who is Fred Franzia? And what part does he play in this tale?

Fred is part owner and president of Bronco winery. Started in 1973 by brothers Fred and John Franzia and cousin Joe Franzia, Bronco has grown to be one ofrepparttar 120645 highest volume wineries in California. It has a wine storage capacity of 62 million gallons and can crush up to 60,000 tons per day.

Fred's winemaking lineage is legendary. Fred's father was a wine maker and, he isrepparttar 120646 nephew of Ernest and Julio Gallo.

7 Barriers To Web Success (and how to overcome them!).

Written by Les Sheppard


COULD THIS BE YOU!!

Many would be internet entreprenuers have an idea for an online business, then spend weeks, months, or even years of frustration (not to mention expense) in trying to get things up and running. There is almost too much expert advice, too many helpful hints, and just one more whizzy piece of software that must be had to garauntee success! Let me tell you, there are some serious traps forrepparttar well intentioned, thoughtful individual who wants to create their own, online, dream business that can ultimately become massive barriers to their success. If you want to avoid these pitfalls, then read on.

1. Lack of a clear plan

It's all too easy to fire up your computer without clear intentions, and find that after two or three hours of effort you have achieved nothing. Anyone serious about building an online business would be well served to hatch their business plan withrepparttar 120622 PC switched off. The same basics of business found inrepparttar 120623 offline world are just as relevent torepparttar 120624 internet, a fact often forgotten it seems. Try focusing on these common sense factors:

What am I trying to achieve here, and what are my business goals?

Specifically, what arerepparttar 120625 returns I desire fromrepparttar 120626 effort I will put in?

Who arerepparttar 120627 people that can help me to achieve this?

What have I got that they want, and how can it be provided?

Where can I find these people, online or offline?

How will I communicate with them?

Can I appear to be both knowledgeable and passionate about this?

This is really common sense, you'll agree. But you would be amazed atrepparttar 120628 number of people seeking my help who cannot express their plans in detail, and, through this neglect, cannot focus themselves onrepparttar 120629 key business building activities required. Your time online may well be limited by other commitments inrepparttar 120630 early days, so use it well!

2. Confusion overrepparttar 120631 target market

This is a problem I regularly come across inrepparttar 120632 offline world, when consulting with clients fromrepparttar 120633 leisure and restaurant industries. It is very tempting, but completely impractical, to offer something for everyone. Any business needs to identify its core customers, and invest time in satisfying their needs. Your infant business will grow to maturity through finding hungry groups of customers, and satisfying them by solving their problems in a timely and cost effective way. The more you refine your understanding of your target (core) customers,repparttar 120634 better you will become at solving, and sometimes anticipating these needs. So..........

Where do they gather?

What do they read / listen to / talk about?

What are their common problems?

Do you have / can you develop a solution?

What might their future needs be?

Take time to think this through - becauserepparttar 120635 devil is inrepparttar 120636 detail. Your aim should be to becomerepparttar 120637 dominant force in a well defined niche,repparttar 120638 respected expert in a topic that you should also find passion in. Get this right and you'll soon have people beating a path to your door, get it wrong and you'll wander inrepparttar 120639 wilderness for a long time!

3. Lack of specialist skills:

Most people hide a small inner fear that others may be better equiped, more knowledgable, more confident than themselves - especially when they are starting out with something new. It's a natural response, an insecurity, that can become another barrier to success if not conquered at an early stage of your business career. It can also be said that every individual comes with their own, unique set of skills and experience that can be readily applied to any arena. So, what do you know?........what can you do?

Your hobbies & interests could provide a rich source of specialist knowledge.

Your offline work life, and relationships, are a priceless experience.

You may have a particular skill to teach, or inform others.

Could something from previous acedemic study be turned into a business opportunity?

Are you involved in charitable works that merit wider publicity?

Do you hold strong beliefs, on any topic, that others may want to share?

Really, there is a market or audience for virtually any topic you can think of,repparttar 120640 more specialisedrepparttar 120641 better, (and you haverepparttar 120642 whole world to shoot at with an internet business!). Find your passion, andrepparttar 120643 rewards will follow. Especially if you don't yet know whatrepparttar 120644 focus of your business will be (but you know you're going to do something!), make a list of allrepparttar 120645 things that get you excited. Somewhere in there will berepparttar 120646 unexpeceted topic that could be your real winner,repparttar 120647 one thing you would do for free every day through sheer enjoyment. How many other people inrepparttar 120648 world would share your passion!

4. Analysis Paralysis

I confess.......I'm a sucker for information. I like to haverepparttar 120649 full detail on a product, service or opportunity before I'll act. I've also lost count ofrepparttar 120650 number of internet "gurus" I listened to inrepparttar 120651 early days of my online business, as I tried to get things started. But there comes a point when you just have to do something, or stagnate. Takerepparttar 120652 broad, general, themes ofrepparttar 120653 information available to you - then get yourself into motion!

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