7 ways to boost your business revenue
Motivation, Opportunity, Success story, Business December 21st, 2007 
Image Source: Busy Vendor by Terence Chang
Few days ago, I was walking on the street after meeting with fashion jewelry manufacture and fashion jewelry wholesaler. I saw a small Chinese carrot cake vendor at the corner of a small alley. I saw a long waiting line. Many people are waiting in line to get so-called “the best carrot cake in town”. I was unable to stay longer enough to get mine. The line was about half mile long. There are at least 400 people waiting in line. So I picked few people and asked them why they like it and how much they like it.
I was NOT surprised by the answers. My questions were “Why are you waiting in line? Are these cakes so good?”
These are the summary of the answers.
- Oh. I don’t know. I just heard the TV news about it.
- I saw the review on magazine.
- My friend told me to come.
- Oh. I just walk by and see the crowd. So I assume they are really good. So I want to give it a try.
- The cake looks very good and tasty.
Regardless how the vendor got on TV or magazine, the word of mouth brings in the customers. They must have done some good to boost their business and build their reputation.
This inspired me to think how this small vendor got so much attention and become a success story on my blog.
These are the facts about them.
- First of all, they only offer 4 different types of cakes. They don’t have a lot of items to sell. Just four different fried cakes.
- They only offer few thousands a day and up to two cakes per person. First come and first get. They will close the booth when the cakes are sold out. You can buy more than two, but you have to wait in line again.
- They are open from 7:30AM to 1:30PM. The timing seems critical. People will buy them for breakfast, for brunch or for lunch.
- They use very good ingredients. The cake looks very fresh and smells good. People who bough them were giving thumbs up and compliment. “WOW, Taste so good, so full, the best cake I ever have, etc.”
- They are very nice to every one. They say hi, thank you and come again to every customers with a soft tone. It’s like buying coffee at Starbucks. The staffs are so nice.
- There is a senior hospital near by. I think older people who more likely are the one to spread the words and become return customer. The will tell their friends, families and neighbors to come.
- Work efficiently and response quickly. There are only three people working as a team. They cover each others.
So what are the secrets that make this small vendor a success?
- Right Niche. Do what they can do best. They definitely know what they can do best and focus on it.
- Availability. They know quantity is an important tactic to boost sales. They don’t over sell. They make people wanting to come back later.
- Timing. They understand when the cake is best for breakfast, brunch and lunch.
- Quality products. Without the good quality products, people won’t come back. Reputation makes big sale. I think that’s one of the reason TV and magazine comes.
- Best customer services. Smile is always the first impression of a successful business. A pretty smile and customer services will bring people back.
- Location, location, location. They are on the right spot that have traffic.
- Work together like a winning team. They set goals clearly. Everyone is on the same page.
I think the above 7 secrets will help me to boost my online stores business as well. I just need a little creative to transform the ideas and implement them into my business model. I am sure there are a lot of works to do to make my business a success, but I am willing to take on the challenge and make thing happen.
Do you have secrets to boost your online business? Share with my viewers!
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24 Responses to “7 ways to boost your business revenue”
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December 21st, 2007 at 4:01 am
Hi, thanks for writing about the ways of boosting business revenue. I wish to add a few suggestion that is the price of the product must be reasonable and you also need to understand customers needs and wants and demands. All the best for you
December 21st, 2007 at 6:01 am
@David:
Great suggestion. You are right. Knowing what your customer need and want is very important.
December 21st, 2007 at 6:36 am
I too wanted to point out that an important element in the mix, pricing was left out. The rest has been very aptly covered by you.
I would also do something about building a database of regular visitors and treat them to surprising messages like Christmas greetings, birthday greetings or something like that.
December 21st, 2007 at 8:39 am
They also made a good plan by only offering a certain amount of cakes. People want to be exclusive. If they don’t get, they’ll return.
December 21st, 2007 at 9:45 am
Great article, I’d include one more if that’s okay.
Ignite curiosity - from the answers you were given on the street, I’d say that’s a powerful tool too.
Create enough interest in what you do and keep your customers wanting more; don’t give too much.
December 21st, 2007 at 4:53 pm
“I just heard the TV news about it.” From that statement it also sounds like they have people talking about them, which is KEY.
December 21st, 2007 at 8:10 pm
Super post! You have used an everyday example to highlight some key aspects of successful marketing.
December 21st, 2007 at 8:13 pm
And I noticed that of all the people in the line that you asked the question, none of them actually said that they were standing in line because they had actually tasted the cake!
December 21st, 2007 at 9:56 pm
Now I want some of that cake!
December 21st, 2007 at 11:54 pm
Every customer aspect to get satisfaction for the amount they paid. Remember great content means great traffic and great traffic means famous and famous means you will make a lot of money.
December 22nd, 2007 at 8:32 am
Great article Terence
I recently had a discussion with a friend that is starting his own business. One of the things that I told him was stick with what you know in business.
My advice is know what your good at and stick with it.
December 22nd, 2007 at 6:16 pm
Hi Terence,
there isnt much I can add to the points you have listed. They can look like really simple and easy things to do but it takes a bit of work to actually get them to work. But once you are up and running and used to working that way there is nothing that can hold you back.
December 22nd, 2007 at 9:40 pm
I forgot to ask, did you get to taste any of that cake?
December 22nd, 2007 at 11:55 pm
@Dining Tables:
It’s easy to collect customer information for online business, but it will be hard for a local vendors to do so. Thanks!
@Steve:
People want to be exclusive. You got that right.
@Lid:
Any extra points are very much welcome. Although I have not taste the carrot cake, I bet I will go back to get one pretty soon.
I am so curious about that cake.
@Mark:
I don’t know how TV got their hand on the cake, but I am sure they tasted those cakes already.
@Marie:
I will let you know when I taste it.
@David:
You are right. The first step is always the hardest. Once you move forward, it seems to be much easier.
@Glen:
I always believe that too. I also believe that you can be a master on something you did not expect to be.
@Gerri:
Thank you anyway. The simple the best. I sometime think too much. The answers are usually very simple to some very complicate questions.
@Recliner
No. I have not taste the carrot cake.
Personally, the carrot cakes are actually more expensive than other vendors. Since it’s getting famous, people don’t mind to give it a try. If people like it, they will still come back. I think Starbucks coffee is pricey, but people love it.
Thank you all very much!
December 23rd, 2007 at 8:03 pm
It’s Christmas eve today, so Merry Christmas in advance! All good wishes and success to you.
December 23rd, 2007 at 9:50 pm
@Recliner:
Thanks! I wish everyone who reads my blog a happy Merry Christmas and wonderful new year 2008.
December 24th, 2007 at 12:13 pm
It’s amazing how you can grasps the 7 points to blog. I have stumbled and reviewed this post.
December 24th, 2007 at 10:13 pm
@Jesie:
Thanks! There are a lot of work to make this happen, but it worth a try.
December 24th, 2007 at 11:32 pm
Merry Christmas too you and everyone and may your dreams come true.
December 24th, 2007 at 11:47 pm
@David:
Thank you! I wish everyone a great new year!
December 28th, 2007 at 9:45 am
Excellent story and a great way to present some important business lessons.
January 14th, 2008 at 12:03 am
[…] I have other online business to run, I try not to spend too much time on blogging and social […]
March 10th, 2008 at 9:27 pm
I want some of that cake!
Very good article, this will most definately help me.
Thank you!
March 11th, 2008 at 7:51 am
@CashJuke:
Well. You will have to get it yourself in Taiwan.
Thank you for visiting.