While you don’t get to say “I’m with band,” there are a myriad of other rewards you get by becoming a retail groupie. When you join groups–whether buying groups or community groups–you grow your influence and increase your business.
Both kind of groups give you backup. As an independent, you’re always going it alone. As you well know, while there are advantages to being the decision maker, there are also challenges.
The best thing about owning a business is the ability to be nimble and quick; you can choose to do something without having to take it to a committee. But on the downside, when you make a choice, it’s all on you; no one’s got your back. When you become a member of a group, you keep your power but find allies. For most of us, that’s of major importance.
More Power, Less Stress
What are the key reasons to join a buying group? On the financial side, first and foremost, you’ll be able to purchase products at a lower price point. When it comes to payments, the clout of the group often leads to longer standard terms, and better discounts for prompt payments. Then there’s the possibility of co-op advertising, which means you get the word out at a lower cost. And should something go wrong (and things do), you’re not in charge of fixing it; there is a dedicated person to handle claims and save your sanity.
On the emotional side, being part of a buying group gives you the opportunity to get feedback from others who are in your industry, but who are not competitors. You can exchange everything from ideas about how to go forward to solutions to problems that are holding you back.
Raise Your Profile, Increase Your Sales
Becoming a member of a community organization–whether it’s the chamber of commerce, the local chapter of a major nonprofit, or a home-grown charity that speaks to your business or your personal life–raises your profile and increases the level of trust others in the group feel toward you. The well-known formula for increasing sales and building business applies–Know you, like you, trust you, means people will buy from you. So joining any of these kinds of groups will help you do good and do well, a winning combination.
A bonus is you’ll meet other small business owners and learn about how collaborative and cooperative each is; that will give you excellent information about whether or not you want to partner with someone on a business event or a promotion.
Joining groups allows you to reach out to others while maintaining your independence, and isn’t that what everyone is looking for? How do you feel about groups? Have you had success by teaming up with others? Are there other, better ways, you get backup and support?
If you want more ideas about bringing in business while running a business, I can help. I’ve been a retail reporter at Women’s Wear Daily and Home Furnishings News, a columnist at the Miami Herald and a correspondent at People.
I’ve also handled the marketing and public relations at major corporations and small businesses. Need a speaker or a consultant? Connect with me at LinkedIn, or follow me on Twitter @laureltielis.
You can also get in touch at Ask Laurel (one word) at laureltielis.com. For easy and effective ways to bring in more business, read Ka-Ching! How to Ring Up More Sales.
Copyright © 2012 Laurel Tielis





