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Are you buying real estate?
“Location, location, location,” is the adage to observe. Trying to
increase revenue in your venue? Same adage –– but here the prime real
estate is the top-of-mind position among customers and prospects.
Let’s get this definition out of the way.
Top-of-mind: adj. First thing somebody thinks about, what is present in
the uppermost level of consciousness.
Keep Reaching Out
Now, let us move to the practical application of
this critical marketing principle. After my softball team loses both
games in our Thursday night doubleheader, someone always says, “Man,
that team tonight was good. So, where do you want to go for a few
cold beers?”
As there are easily 20 bars or restaurants within a
10-minute drive, the first or second place mentioned usually gets our
business. This occurs despite our having been to 16 out of 20 at some
time or another.
Think of this as a Google search in your brain. When
pressed, we can list 20 or more locations to get those beers (and
appetizers). But why bother? We know we’re going to choose, or mentally
click on, the top 1-3 choices. They satisfy our needs.
If you’re not in that top-of-mind category, you have
been eliminated for the moment. It doesn’t even matter if your food is
better than most of your competitors. It’s about top-of-mind, and you
can’t generate the traffic if you’re not even considered in that moment.
Top-of-mind is the coveted position you want with as
many people as possible. You already have it with some of your
customers; these patrons are your regulars. Let’s assume that Pareto’s
Principle is in play here (more about this in a future column), and 20
percent of your customers think of you “in the uppermost level of
consciousness.”
There are two challenges to this: 1) make sure you
maintain this preferred position with your regulars and 2) obtain this
position with considerably more people, including the 80 percent of
your customers who think of you occasionally.
Consistency is Key
How do you achieve this?
Top-of-mind awareness typically does not occur as a
result of a single, or even a few positive experiences. It occurs
through consistency, proactive and desired communication with existing
customers and a marketing mix in which the different elements support
each other and reach prospective customers regularly.
Padonia Station and Big Bats Cafe, two great sports
bars, accomplish this objective of multi-layered communication by
focusing on the following: 1) Targeted e-mail marketing to existing
customers who “opt-in” to their program, with messages sent once or
twice per month, 2) strong “brand message” within their locations that
reinforces the fun times, great atmosphere, and lively people you
expect when stopping by for food and drink, 3) promotions and marketing
that complement each other, for example, links from the e-mail
promotions back to their Web sites. The sites change frequently to
reflect ongoing entertainment, promotions, and menu changes, keeping it
fresh to visitors, 4) occasional targeted local print advertising to
attract new customers while reinforcing their brands with existing
customers.
Your most important consideration is to stop taking
your existing (occasional) customers for granted. You can become
top-of-mind for them quickly and economically. It’s preferable to
spending a fortune trying to find new customers, many of whom won’t
think of you regardless of their success (or lack thereof) on the
softball field, or after work, or
when planning a fun night out. NCB
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