5 Lessons Learned
From the Grand Bazaar
By Debbie Allen, All
Rights Reserved
The world famous Grand
Bazaar in Istanbul, Turkey is retail wonder that should be considered as
the Eight Wonder of the World! With 5,000 retail vendors and centuries of
retail success behind the Bazaar I learned some valuable retail lessons.
What makes one small
independent retailer stand out from thousands of other much larger
retailers in an overly competitive marketplace such as this?
That question was asked
of me during my presentation to the Retail Institute of Turkey. What a
great question! It made me really stop to think about how this one
independent retailer kept our attention so well for over two hours. Not
only did he keep our attention in a small 5 ft x 5 ft booth, he also got a
lot of
our money.
5 Things This Retailer
Did To Win Our Business
1. He greeted us with a
friendly relaxed welcome.
All of the other
retailers were hungry for business and practically jumped out to grab you
as you walked by. That type of behavior turns customers OFF and they will
quickly retreat as we did.
2. He knew his inventory
well and paid close attention to his customer’s lead.
As he saw us looking at
rings he quickly grabbed a case full of similar type of rings and then
invited us into the
booth to take a closer look. He carrying a good selection of unique
merchandise and did not sway from that by carrying too many diverse
products.
3. He triggered our
emotion of obligation.
The retailer offered us
some tea. Tea is a BIG deal in Turkey! I don’t think they could live
without it and they definitely could not work without it. I thanked him
but told him I didn’t like tea. He replied with, ‘Oh, you must try our
special Apple Tea, you will like it.’ Without leaving his small booth he
picked up the TEA HOT LINE. Within minutes we were being served
delightful warm tea in beautiful glass cups served from a large silver
platter by the tea man. Brilliant!
4. He took his time and
got to know us as friends.
We were really enjoying
our time as we all shared personal stories and experiences with one
another.
He was very warm and
open and it showed that he cared about his customers and enjoyed his work.
He was a great salesman
that used his sales skills and expertise wisely by building a relationship
with us first.
5. He waited until we
had exhausted our shopping experience before he packaged a special price.
There was a lot of
inventory in such a small space and it unique to other jewelry merchants
in the Bazaar. Since we had made a few small purchases before meeting him,
we asked his prices on similar merchandise and he proved to us early on
that his prices were fair or in most cases even less. Fair pricing, bulk
discounts and great service made a great impression on us. As we
continued to shop, he had his brother run to somewhere else in the bazaar
to have our rings and watches sized. I was so impressed that I just
wanted to hang around and keep BUYING. The longer you can keep your
customers in your stores the more they will buy. It's that simple.
Istanbul, Turkey is a
city of over 8 million people. It is the only city in the world located
on two continents and surround by two beautiful seas. If you ever get an
opportunity to visit, you will have your own personal experience and
lessons to share from the world famous Grand Bazaar.
Word count: 614
Bio: Debbie
Allen is one of the world’s leading authorities on sales and marketing.
She is the author of five books including
Confessions of Shameless Self Promoters
and Skyrocketing Sales.
Debbie has helped thousands of people around the world attract customers
like crazy with her innovative, no-cost marketing strategies and secrets
to sales success. Her expertise has been featured in
Entrepreneur,
Selling Power and
Sales & Marketing Excellence.
Sign up for her FREE 6-week e-Course
Business Success Secrets Revealed ($97 value) and take the
online business card quiz to rate you marketing online now at
www.DebbieAllen.com.
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