As a retailer we take
on big risks when we enter into the domain of large
national shopping center conglomerates, or even a
smaller independent mall, and establish our
businesses within the confines of their domain.
Whether we are an independent, a franchise, or part
of a chain, every shop requires an enormous
injection of capital, risk, apprehension and
anxiety.
We enter into long leases requiring us to commit to
our ability to operate a successful business for
years on end, weathering recessions, booms,
slowdowns, economic and customer uncertainty, which
can and does happen.
But, yes, we are given
certain benefits. We assess for ourselves that we
set up in a promising locality with management that
is likely to proceed to build the customer traffic
over time. We ask the questions: what can I get out
of all of this? What are the marketing allowances
worth to my business? How will Center Management
take care of me? What advertising will I get? What
opportunities will they give me as a valued tenant?
What marketing programs have they undertaken in the
past, and what programs are they going to undertake
in the future, (where I can get a benefit)?
After all, our extensive lease commitment is only
one part of our capital commitments. We also have
large capital exposure through stock, staff
commitments, insurance, fixtures and fittings,
signage, computers and telephones, and other
necessary outlays with training, and utilities such
as electricity, gas and water.
Well, these are fair questions to ask as part of our
planning for the success of our enterprise. We of
course need to be aware, and are grateful for, the
fact that the success of any shopping mall, small or
large, comes down to the amount of shopping traffic
that is attracted to the center. So of course it is
in the interest of Centre Management to increase
both the shopper volume, and sales volume of the
Center.
Nevertheless, over years of witnessing thousands of
retailer’s experiences with the shopping centers, I
have heard hundreds of complaints and stories from
retailers about lack of support for marketing and
advertising. I hear it time and time again all over
the world.
But let me tell you,
as a fellow retailer and as a coach to retailers, it
is up to you to lead the way, - - - - not Centre
Management. Now let’s get real, let’s put all the
niceties aside and get down to what is real! Most
retailers are individualists by character, at least
to some degree. That is, when it comes down to it,
we are really firstly relying upon ourselves to run
a successful enterprise. Sure, we look for help at
times, and we seek our fair share of the pie when it
comes to marketing and advertising assistance from a
landlord. Of course we have to rely on ourselves!
Why on earth would we put anyone else in charge of
seeing the fruits of our enormous commitments of
money, time and lack of sleep, come to fruition!!
BUT THAT IS WHAT I SEE HAPPENING, TIME AFTER TIME.
I hear the complaints of retailers saying they are
not getting the support they either expected or were
told they would receive. NOW, let me tell you
something else. There is a common denominator I see
in virtually every instance, and that is this:
“The retailer that I hear making the loudest
complaints about not getting support, are the
retailers that do the least for themselves, and do
the least to add to the center’s success“.
In discussions around
the world, I get the same story. It never ceases to
amaze me that it is the same situation virtually
every time. However, this is really an exciting
revelation when you realize the reverse, and the
opportunities it presents for us retailers.
You guessed it! The retailers that are supported the
most are those that do the most for themselves, that
get out there and pro actively promote their
business, both internally in the shopping center,
and externally, to bring more business and more
customers to the center.
Marketing managers are ecstatic to see retailers
take the initiative and help them with their job!
And you will find that it is not usually a one off
from that retailer. It is usually an ongoing process
of self-promotion, often providing an element of
goodwill and excitement in the region surrounding
their shop. It’s great for the shop; it’s great for
the center.
So when a marketing manager is talking to that
retailer they are not having a conversation with
someone coming from “a place of need”. They are
seeing a retailer that is taking the ball and
running with it. We all shy away from people that
are coming from a “place of need”, rather than a
place of wanting to “provide”. I regularly referred
to this character trait in my seminars. Such a
person, a storeowner, or any of the staff, give a
very negative energy to those with whom they
interact. So if such a retailer is like that with
Center Management, they are probably the same with
their customers, who see through them straight away.
This becomes a Catch-22 situation, and all parties
just become more frustrated with their predicament.
To the extreme, I even
saw the Center Management recently spend about
$3,000 on a consultant (not me), to advise the owner
of a shop on what he needed to do to improve his
business, and save himself from being kicked out,
(due to breaking the terms of his lease in the
presentation of the shop). It was more than Centre
Management ever needed to do.
On the other hand, we award winners. We award
excellence. We award initiative. We as human beings
do this in all walks of life. Business, sports,
education, health, etc. and human nature is no
different in the shopping center.
I have worked with businesses and developed a vast
array of very low cost (or no cost) promotions that
are great for increasing business. They not only
gain immediate benefits for themselves, but they
become very popular with the other storeowners, and
their staff. I love it when I witness, or hear
about, other stores virtually lining up asking to
get involved in the next promotion, and even being
prepared to pay for the privilege.
Similarly, the story
is no different with Center Management. I have also
regularly witnessed marketing managers approaching
such retailers with favors and gifts of
encouragement and appreciation. This can range from
giving full or even double page advertisements in
newspapers, or other publications, and total support
(and even considerable expenditure) to a more
advanced form of promotion. Other benefits I have
seen are tickets to entertainment or training events
for owners and staff, and advance notice of
opportunities in future promotions.
It is the retailers that never approach Center
Management, (because they are so busy being
proactive in organizing their own promotions), that
can always count on support and encouragement from
Centre Management. (Of course that does not mean you
should not ask for it when you need it)
So get out there and take responsibility and take
care of yourself first. That way you know you will
always have the marketing support (and the
opportunities) provided by your Center Management. I
guarantee it!!!
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This article is part of the business
series of articles in the “Don’t Go
Broke While You're Getting Rich”™
business series, presented by Darrell
Berg-Smith… a speaker, author,
consultant and entrepreneur who
specializes in teaching low cost, high
impact marketing and business building
resources to businesses worldwide. For
lots of free resources visit
www.darrellberg-smith.com
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