Way back a zillion years ago when I worked for Forest of
Jewels, the downtown store would host a client night. During that evening a few select suppliers
would bring their wares, show and sell them to Mr. Forest’s invited
guests. That was my first introduction
to a trunk show.
Since then I’ve been involved in a few as a retailer and as
a wholesaler. I believe they’re a great
way to make money and build your clientele.
Like many things in this life, the spoils go to those who will work the
hardest. Simply inviting a traveller to
fill your showcase with goodies for a day or two is not enough. You’ve got to make a plan, work the plan,
analyze results, refine your plan and repeat until you build a successful event.
The most successful shows I’ve seen are either an evening
event, and all-day event or a public all-day event with an exclusive
invite-only component after-hours. The
supplier needs to be willing to spend the time, and it has to comply with his
or her security and insurance requirements.
Your biggest suppliers and those with live merchandise are the first
place to look for partners. You can work
with samples, but offering live cash-and-carry merchandise is far more
effective. Investing time and money in
luring your best clients is critical to a great trunk-show. If you make it a celebration with wine,
snacks, live music, prizes, and pricing incentives then you’re sure to build a
successful event. When I say “build”,
I’m implying that as you refine your approach and your consumers get used to
the idea it can grow into an annual or semi-annual promotion worth tens of
thousands of dollars!
It all comes down to this: you can sit in your store and
wait for people to come to you, or you can go out and lure them in. The bigger effort you make to provide an
exciting experience for them, the more they will respond and the more they will
want to give you ALL of their business.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.