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Don't Overlook Part of Your Market


They have money that you could be making.

Keeping with the spirit of finding business lessons from the customer role, I want to raise a point about something I notice about a lot of businesses.

They overlook or pay too little attention to certain parts of their market.

A specific example I can give, and what is really the inspiration for this article is the fact that I am a tall male, and it is irritatingly difficult to find clothing and shoes that fit me properly.

Every time I go clothes or shoe shopping, it seems to be a huge ordeal and a drawn out event in which I have to go to store after store just to find something that fits me that remotely matches my style (not that I have much of a style). In fact, many of the items I buy I do so generally based on compromise. I often compromise with my better judgment just to get the ordeal over with, and end up wearing things that I ordinarily wouldn't have been as likely to purchase had the stores offered my size in other items.

Now I'm tall, but I'm not that tall. I'm about 6'5". I'm not Shaq by any means. I see people my height all the time, and often people even taller. So why is it so difficult to find items that fit me? Is it because all of these other tall people are beating me to the punch and buying up everything or is it that the stores just aren't carrying these sizes? Either way, it is clear that they are not carrying enough stock in them.

Some might tell me to try my luck online. Sometimes I do, and it is easier to find tall sizes online, but still I typically like to try on clothes/shoes before I by them unless it is something that I can't find in a brick and mortar store.

Some might also tell me to go to Big & Tall stores, but quite frankly, I rarely find things I actually like at them.

My real question is, how much business are the regular stores losing out on because they don't have what I'm looking for? I can't be the only one with this problem.

Am I not part of their target market? Just because I'm tall? I doubt that these stores are deliberately ignoring my business in favor of shorter people. Maybe I'm wrong.

The lessons to be taken away from this rambling are:

- don't ignore part of your market because that is only more business that you will be missing out on

- if you're not ignoring part of your market, do your best to keep well stocked.

- if it is not feasible to cater to a certain part of your market, be helpful in assisting the customer in alternatives.

Please share other business lessons you have taken away from your own experiences as customers.

 

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About the author:
Chris is a content coordinator and staff writer for SmallBusinessNewz and the iEntry Network. Subscribe to SmallBusinessNewz RSS Feeds.

Comments

Don't Overlook Part of Your Market

 

As a retailer, I understand can that you can not be all things to all people. You must find your niche market and sell to that market. You must get a fair return on your money, return on investment (ROI), or you will go bust. One needs to carry merchandise that turns to create a good ROI.


 

“Every time I go clothes or shoe shopping, it seems to be a huge ordeal and a drawn out event in which I have to go to store after store just to find something that fits me....” it is not that these stores do not want to sell you, but there are not enough “you's” to support a selection you are looking for and enough turn for them to stay in business. They are selling to the masses that fit their niche.

Rick Krauss

 

RE: don't overlook...

I understand that this is the reasoning, but I feel that the number of "me's" is being underestimated. It would be one thing if there weren't a huge surplus of the other sizes and none at all of my sizes. Maybe a little more balance should be engaged.

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