Your Business is Decades Successful… BUT, Does Your Target Market Really Know You Exist?

Working at a store that had opened when Henry Ford was 19 years old, I assumed that everyone in town knew that we sold luxury plumbing and hardware. Boy was I wrong. Even those driving fine automobiles, at gallery walks, and on historic home tours would consistently asked me, “What do you sell there?” Talk about a walkup call!

For centuries, good word of mouth has built many strong brands and it is still the finest marketing tool known to capitalism. It is simple: do your job well, sell the finest products and support your clients. If all is done to luxury standards, these happy clients will talk to their friends and show off your company’s good work. But in 2020, the year of the pandemic, things have changed? 

No matter how well we were doing before COVID-19 hit, and how proud we are to have withstood 2008’s nasty recession, there are still plenty of well-to-do customers who have never experienced your fine brand. Time works well in a storyline, is an easy marketing tool but if people in your target market have not sampled your brand nor heard of it from a friend all that history is simply blowin’ in the wind.

From a tactical point of view, if there are potential customers that you are not reaching, eventually another competitor will find them and enter your market. Once established, that new competitor will also offer your good customers an viable alternate. It all goes back to the old story; when you are number 1, you have to constantly work hard and be smart to remain there.

Now, with COVID-19 affecting your business, you are focused on getting all the business you can remotely while trying to grasp what’s coming next. Everyday tasks and issues, along with these new concerns, pack your endless days. There is just not enough time to plan and market your story to potential clients. Especially today, with all the print, television, digital and social media options, who knows where to start? 

In the small business world this is a loud call to find help. No one can do it all, and for your business to continue to grow it is time to reach out to marketing professionals. In this digital age, it is not difficult for a brands to reach outside of their geographic market to try to capture a few new clients. Instagram, Facebook and Google have no boundaries, they promote who pays the most and companies that share the best content.

Even if you have been in business since the horse and buggy days, you still need to get the word out. No one really needs luxury products. Do you want to leave the door open, allowing other stores, brick and mortar and e-commerce and avenue to reach into the market you built? That is not a risk I am willing to take. You have built a successful brand, why not share your story with your entire target market to remind and educate them on how good you really are?

I know it is difficult to admit you cannot do it all and that you really do not completely understand our quickly changing algorithm-run world. Nor do you want to continually work and study to remain digitally up to date. But there is no excuse for letting the wonderful opportunities those algorithms create slip to a competitor. Showroom owners must find time to meet and work with people that are deeply knowledgeable about these fantabulous marketing tools and are committed to remaining up to date with the rapid changes and new avenues being created. 

There are many individuals and agencies that offer the talent to help you reach your targeted audience with your compelling story. This is not something to ignore or leave to a team member simply because they are Gen-Z and use social media a lot. Cash is tight and we have zero idea of what the future will be but, intelligently investing in your brand is a good opportunity. I suggest finding a professional, paying a professional and reaping the benefits from a professional. Then you will be ready to roar when people are looking for the best partners to make their home luxurious. 

Related Reading: From Business of Home, Decorators Best dragged fabric makers online. Now the site is their biggest customer

A version of this posting appeared in the April 9, 2020 version of DPHA Connections.

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