| Offer One-of-a-kind
Products And Services
We have discussed
this concept many times in these pages as it is key to the success of a small
company and an art gallery is the epitome of this idea. Linda and John beam
with pride when they talk about their inventory. They told us that many
well-traveled and sophisticated art collectors are amazed by what they find in
this small, out-of-the-way town. Silver City, New Mexico is working to brand
itself as a destination for people who love the unusual.
Topic for
Discussion: Why is it so hard to offer one-of-a-kind products and services
and why does it take courage?
Answer: If
any item is enormously successful, it will be quickly copied and improved on by
your competitors. Just look at Netscape, the inventor of the first popular
Internet browser.
Once Microsoft
realized its potential and the threat to their core business, they created
Internet Explorer and within three years Netscape took the back seat. And, it
truly is hard to find one-of-a-kind products that people want to buy! It takes
courage to be different because every time you stick your neck out, you risk
getting it chopped off.
The easy way to
build a business is to do the thing that you know will work because others have
proven the business model. For example, people have to have insurance and there
are plenty of profitable insurance agencies. Or, people have to have eye wear
and there are plenty of profitable optical shops.
Linda and John are
inspired and motivated by their one-of-a-kind inventory and it is their courage
to offer the unexpected that has enabled their enterprise to win and keep
customers. David Milly, founder of Theatrical Lighting made us laugh when he
said, "If Walmart sells it, I don't." This is not flippant. This is the way we
have to think to build a strong small business.
You think about
it: What one-of-a-kind products or services can you add that might help you
increase revenue? When was the last time you stuck your neck out to offer the
unusual? |