Modern Business Magazine April 2016 | Page 44

MODERN MARKETING Trailer park success… and fly-by-night tenants By Troy White • From dirt to dreams… • The BIG reason so many people fail in online marketing • The simple switch that directs your marketing where it should go. • Make a stance that attracts your ideal buyers… and repels the ones you don’t want strip mall by my house. On the end of the mall is a small bay that continues to struggle. The last attempt was “Food 123”. They spent $15,000 on the renovations of the inside and kitchen. They were excited about opening day. Today, I want to share 2 dramatically different small business stories. And they were destined to fail. Opening day came, and went. And they closed their doors for good. These morons thought they would make enough money on Day One to float them through their big grand opening. First, a local disaster. There is a little • They had no marketing in place. Fellow business builder, 44 ModernBusiness April 2016 • The name of their restaurant… sucked. • They had no differentiation (deep fried foods is all they offered) • And they did NOTHING to get people in the door! (In their business, all they had to do was create a powerful offer for the local neighborhood. That would have given them a decent start on Day One. They didn’t even do that). • They honestly thought that by opening their doors they would be swamped with people, cash in hand. • To top it off… they blew all their money on renovations, saving nothing for getting people in the door.