prtothetrade

Suze Orman, WWD, Antique Sellers

In antiques online, Art business, business, Drive Website Traffic, Media Planning, selliing antques on June 3, 2011 at 4:19 pm

Last night on PBS, Suze Orman gave the nation permission to NOT spend money. Her coinage is “Stand in your own truth.”

This morning, WWD (the fashion retailing bible) alerted readers that “Retailers Brace for Tougher Times.” Their resources said a spate of sales is forthcoming.

Retailers Face Tighter Times

Tor the clientele PRT3 serves, the real news is in the sub-text.   The competition is much broader  than you thought.  It includes  retailers who cultivate current customers and mine new audiences with  sales, promotions, discounts and special offers.

Your best defense is a good attack. Get your sales machine in gear now. When back-to-school cost increases  hit their peak, people will be less inclined to spend.

Your campaign for customers should begin today.

Longer days offer you longer selling hours.  Take the tombstone our of ads and promote a benefit. Or test the frequent shopper model. Go for collective buying power – test  a coupon on Groupon.

Collective Buying Power

In outreach efforts – social media, eblasts, Twitter, Facebook – optimize your communications with bona-fide reasons to spend.

Of course, there’s nothing better than building name recognition through a daily blog, press releases and articles.

Bottom line: borrow ideas liberally from the big boys,  the retailers who cannot afford to sit out a season.  As people start to take in Suze Orman’s “stand in your own truth” advice, they will base buying decisions on affordability and future gain.

Finally,  Ms. Orman says the foundation to healthy family economics is spending with cash.

Now that’s good news.

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