(And Eat It Too!)
Here’s a quick question for you. Does your retail store. Ever have discontinued or slightly damage inventory? And other than dramatically reducing the price of such inventory.
How else do you strategically and systematically monetize this particular inventory? Are you open to finally discovering? Some incredibly low cost, mega proven marketing and promotional strategies. Which definitely help further establish you and or your major competitors brands!
In your local communities. Sound like a plan or what?
Finally Your Exponential Growth Is In Your control! (Where It Belongs!)
So instead of just dramatically reducing the price of your discontinued inventory. What if you and or your major competitors. At least inexpensively tested.
The following, positive word of mouth and mouse generating. Extremely low cost, marketing strategies and tactics. First, you might allow only your VIP opt in email subscribers.
To enter a one time payment raffle. Let’s you and or your major competitors are allowing your VIP opt in email subscribers. To enter a raffle. To win a state of the art refrigerator. Similar to the one as the featured image for this particular post.
Let’s say it typically retails for $3,499 dollars or X. Their customers who are subscribers. Only pay a one time raffle payment/fee of just $350 dollars or X!
All non subscribers can still enter you and or your major competitors raffle. But they make a one payment of $2,000 dollars or X!
Strictly for hypothetical marketing illustration purposes only!
Let’s say 125 of your local customers. Who are opt in email subscribers. They each enter your raffle. For a one time payment of just $300 dollars. Which equals an impressive gross front end profit of $43,750 dollars! Say what? 😀 (125 x $350 dollars = $43,750 dollars.)
Who’s Says Being Of Service To Your Local Charities Isn’t Profitable?
Now here’s where and how! You and or your local major competitors. Strategically take your brand building visibility strategies and tactics. To the very next level or two.
Let’s say your actual hard cost for the high end refrigerator is $2,500 dollars or X! Clearly your cash flow generating raffle strategy. Has generated enough gross, front end profit. For you to recover your actual hard cost, correct?
This being the case. You will go live on FB or Instagram. And spin a wheel at least twice, with at least 5-7 local charities names on it. And whichever names the wheel lands on. They automatically get a $5,000 or X dollar donation!
Pretty cool, right? Wanna know how you and or your major competitors. Inexpensively take the last incredibly simple marketing strategy.
To the very next level or two! Go ahead and schedule your free 30 minute brainstorming session now!
So you and or your major competitors. Can and definitely should! Take your retail store. To the very next level or two. Are you okay with that?
Are You Finally Ready To Embrace Some Real Sustainable Growth?
P.S. Now as is customary during this part of our show. Please share your extremely valuable comments (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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