Introduction Generally the franchisor will provide some suggestions and guidelines to the franchisee for a grand opening. The franchisee should look at these plans and then develop their own personal grand opening program. It is important that the franchisee discuss the plan with his franchisor.
Prepared by Jun Yalong
Media may use to Publicizing the Grand Opening Newspaper – the franchisee may consider using the local daily newspaper for a grand-opening advertisement. Direct Mail – it is the vehicle to promote grand opening and invite people to come and try the products by sending invitation thru mail. Prepared by Jun Yalong Media may use to Publicizing the Grand Opening Radio – If the franchisee choose radio advertisements, then radio spot should begin before the grand opening event. Television – is an expensive method of disseminating information but still one of the great advertising tools of our economic system.
Prepared by Jun Yalong
Media may use to Publicizing the Grand Opening Billboards – it can be a tremendous tool in informing people about your grand opening as well as a continuous reminder to them of your store, products, and location.
Prepared by Jun Yalong
Signage In-store signage – People need to be reminded at times where they are while in the store. Exterior signage - signage may need to be placed closer to the street so that people will know that grand opening is occurring for that particular store. Decor/ambiance – décor of the store is going to set the spirit and feel of the business. Prepared by Jun Yalong Signage Extraordinary signage – some franchise may use cold air balloons or hot air balloons to draw customers into their grand opening. These generally contain the name of the store and the dates of the grand opening.
Prepared by Jun Yalong
Special Events Sweepstakes Lottery Skill Contests
Prepared by Jun Yalong
Marketing the Business
Prepared by Jun Yalong
Brand Name Identification One of the great opportunities and rights which the franchisee to use is the franchisor’s trademark, trade secrets, business systems, interior design, which enhance the recognition of the stores throughout the world. As the franchisor’s brand name identification grows, the value that your franchise increases. Prepared by Jun Yalong Profiling Customers As the franchisor has developed a profile for the best franchisees, a profile should also be developed for the best customers. The profile should consist of demographic information, purchase frequency of the best customers, favorite products, brand usage, amount spent, and profit potential. Prepared by Jun Yalong Classifications Products/Services Users Opinion Leaders – are those who purchase a product first. These are those individuals who purchase every new product that comes out, and they are the first one on the block to have that product.
Prepared by Jun Yalong
Classifications Products/Services Users Early Majority – are those hear about the product from others and then decide that they want to try it. Mass Majority – are those who want the product after hearing the everyone else has used it and after it is perfected.
Prepared by Jun Yalong
Classifications Products/Services Users Laggards – are those who may never buy this product and who simply do not need such products for their personal satisfaction or enjoyment. The laggards are individuals who may be influenced or brought to your way of thinking.
Prepared by Jun Yalong
Sales Promotion Sales Promotion – are exciting activities where an incentive is offered to induce the customer to purchase particular goods or services. Sales promotion incentives often include coupons, contest, premiums, sweepstakes, and even free samples.
Prepared by Jun Yalong
Selling Selling is both an art and science - an art because it takes continuous practice to stay within the lines and a science because there are certain steps or requirements to close the sale. Selling is the ability to get the customer to make a buying decision.
Prepared by Jun Yalong
Steps in the Selling Process Mission Statement – will introduce you and your business to the customer. Probing – are simply designed to ask questions of the individual to discover their desires and wants. Listening – your staff members need to be able to listen for accuracy as well as to find out what the customer wants and why. Prepared by Jun Yalong Steps in the Selling Process Supporting Benefit Statements – a person will buy a product or service because it is of personal benefit to them. The idea behind a benefit statement is to explain to person how buying the product or service will benefit them.
Prepared by Jun Yalong
Steps in the Selling Process Closing – is when you move toward allowing the customer to buy. Closing is not manipulating – it is an opportunity to allow the person to make a positive decision.
Prepared by Jun Yalong
Sales Playbook The sales playbook should simply consists of the steps in the selling process plus some written samples of each. This allows all members of the organization to review the sales ideas periodically.
Prepared by Jun Yalong
Knowledge is Power The problem that many franchisees do not even know exists is that their employees do not know the products or services that they can sell. Some of the specifications and features of specific products need to be learned.
Prepared by Jun Yalong
Honesty Pays Satisfying the customer’s wants and desires is crucial, but at the same time, you need to be honest about what you can and cannot provide. Honestly encourages trust and repeat business.
Prepared by Jun Yalong
Be Positive People love positive people. Positive words build bridges and negative words may destroy those bridges. People often affiliate with others with whom they have positive interactions. People shy away from others after negative interactions.
Prepared by Jun Yalong
Advertising and Public Relations
Prepared by Jun Yalong
Advertising Advertising – is generally viewed as any form of paid communication where the sponsor or company is identified. Advertising is initially used to help develop brand awareness and build successful brands and consumer products.
Prepared by Jun Yalong
Advertising to the Consumer Advertising affects all of our daily lives. Advertising influences many of our purchases & helps us to make decisions Consumers turn to advertising for both its information value as well as its entertainment value. It does have the ability to develop and change attitudes. Prepared by Jun Yalong Goals of Advertising Provide information to the target audience Persuade the target audience to like or purchase your product. Remind the target audience about the products and their benefits.
Prepared by Jun Yalong
Franchisor Requirements for Use of Advertising Funds Most franchisors will require the franchisee to pay from .5% to 4% of gross sales as the franchisor’s “Advertising Fee”. Advertising funds are generally used for payment of media time, production of media materials such as for radio, newspaper, television or store level materials. Prepared by Jun Yalong Advertising Groups in Franchising Voluntary Advertising Committee – which is formulated primarily from volunteer franchisees who provide advice and counsel to the franchisor for advertising expenditures. This advertising committee is often a subcommittee of the franchisee association. Prepared by Jun Yalong Advertising Groups in Franchising Voluntary Franchisee Cooperative Advertising Association or Franchisee Cooperative – it is organized for the purpose of creating a specific team in a specific area to help coordinate advertising, marketing efforts and programs to help maximize the effective use of local advertising media. Prepared by Jun Yalong Franchisor Rights over Franchisees Committees & Cooperative Most franchisors reserve the right to establish the general standards and guidelines for the operation of all committees. No final decisions are generally made about the spending of advertising funds without the franchisors written approval. Prepared by Jun Yalong Public Relations Public Relations – is designed to help to develop and maintain positive image of the company. Public Relations usually help an organization to communicate with the customers, suppliers, government officials, employees, and the community in which the business is located. Prepared by Jun Yalong Publicity Publicity – is generally the free information about the company that is printed in mass media as a news items. Another things that can be done with publicity is to get copies from the newspaper and frame them to place on the walls in the business.