Do you have a picture of YOUR customer?

Written by By John Stanley


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Where do you start? Start withrepparttar customer in mind, notrepparttar 140432 product. Have a defined age group in your mind when you’re building a display and then buildrepparttar 140433 display with that age group in mind.

Let me give you a simple example based on my observations when it comes to signage on displays. Generation X (I prefer to call them IKEA Babies) know whatrepparttar 140434 trends are and what is fashionable. If you sign a product to tell them what is new and trendy, they could feel you are talking down to them and this may resist purchasing.

The next generation up,repparttar 140435 Jones’ Generation, want to be trendy and fashionable, but they need to be told what’s new. If you don’t tell them what’s new, they may never discover it.

The Baby Boomers tend to pick up trends later. Tell them it’s new and they will often wait while it’s accepted byrepparttar 140436 Jones’ Generation. Greying Tigers may resist new products completely as they look onrepparttar 140437 product as a new gadget which they don’t understand and that will quickly go out of fashion anyway.

Segmentation opportunities Some retailers will go to considerable expense to getrepparttar 140438 formulae right. Wetherby’s in South Africa have divided their store into two. One half is targeted at Baby Boomers andrepparttar 140439 other half at Generation X. Both groups walk throughrepparttar 140440 same entrance, but are then split into two, Baby Boomers turn left intorepparttar 140441 store, whilst Generation X turn right. Both sections ofrepparttar 140442 store have their own coffee shop to ensure both consumer segments ‘linger longer’ inrepparttar 140443 comfort of their own generational group.

Become a maven of retail generational marketing Encourage your retail team to become “mavens” or leaders of a trend. Make sure thatrepparttar 140444 business subscribes to magazines that target each generational group you are targeting. Getrepparttar 140445 team to produce ‘storyboards’ on trends from those magazines that can help them build appropriate displays.

One display will not serve all, start withrepparttar 140446 customer in mind and build displays that a generation can relate to.

John Stanley is a conference speaker and retail consultant with over 20 years experience in 15 countries. John works with retailers around the world assisting them with their merchandising, staff and management training, customer flow, customer service and image. If you would like to receive John’s monthly newsletter please visit www.johnstanley.cc or email us on newsletter@johnstanley.cc.


Hedge Fund Advertising

Written by Al Thomas


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local paper, TV, or radio would you pay them to carry your advertising? You sure would not want to be compared with performance of a hedge fund. What is it that makesrepparttar difference of a standard mutual fund with a hedge fund? Why doesrepparttar 140396 smart money gravitate to them? One word. Performance. A regular hedge fund manager is paid on HOW MUCH money he has in his fund and not on how much he makes forrepparttar 140397 investor. The hedge fund manager is paid a percentage ofrepparttar 140398 PROFITS he makes forrepparttar 140399 investors. No profit means no bonus so he better dorepparttar 140400 job or he will be out of a job. Smart money moves. It moves to whererepparttar 140401 profit is being made. The SEC will not allow standard mutual fund managers to be compensated in this manner. Their claim is that it will be too dangerous forrepparttar 140402 small investor. Hog wash! If a fund is losing moneyrepparttar 140403 little guy should be selling his current funds likerepparttar 140404 smart money and finding a better performing fund. None ofrepparttar 140405 media recommend this torepparttar 140406 little guy. My guess is there are enough intelligent fund managers who would like to be paid for performance and would set up no-load funds to attract investors. The SEC seems to think more ofrepparttar 140407 funds than they do ofrepparttar 140408 smaller investors. It is a shame you can’t checkrepparttar 140409 advertising claims of standard mutual funds againstrepparttar 140410 returns of hedge funds.

Al Thomas' best selling book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter and receive his market letter for 3 months at www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know. Copyright 2005


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