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Know Your Market: Sell Umbrellas When It's Raining

Guest post by: Gihan Perera

Article Overview: During a trip to Europe, I spent four days in Rome. Unfortunately it rained pretty much all four days I was there. But I noticed an interesting thing about the street vendors - and this is an important marketing lesson for all business owners.

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Know Your Market: Sell Umbrellas When It's Raining

During a trip to Europe, I spent four days in Rome. Unfortunately it rained pretty much all four days I was there. But I noticed an interesting thing about the street vendors.

The centre of Rome is full of street vendors and hawkers. When the sun is shining, they sell handbags, jewellery, and religious artifacts. But as soon as it starts raining, out come the umbrellas.

I was impressed by the way they switched products so quickly, depending on the weather.

Hmmm... Selling umbrellas when it's raining, and not selling them when it stops raining. Not exactly a marketing breakthrough, right? In fact, it might seem obvious to you.

But wait - not so fast!

I wonder whether you are as smart as these hawkers? Nothing personal, but I see a lot of people who don't follow this simple marketing principle.

Let me point out five mistakes that many businesses make...

  1. Selling umbrellas when it's not raining: Are you sure there's a real demand for your product/service? Or are you so in love with it that you haven't checked whether your clients need it?
  2. Selling handbags when it IS raining: Are you really solving their most important problems? Or are there more important things on your client's mind than you, your products and services (If so, they just don't have time to think about you).
  3. Selling umbrellas to people who already have them: Are you reaching the specific niche market who most needs your services? Or are you just taking a scatter-gun approach, marketing to everybody and hoping the right people just happen to notice you?
  4. Hoping wet and bedraggled customers will find you: Are you actively involved in marketing? Or are you just expecting customers to stumble across you?
  5. Thinking you're the only umbrella salesperson in town: Those street vendors in Rome are assertive! And they have to be, of course, because they're competing with five others on the same street corner. Are you watching your competition and continually staying ahead of them? Or are you hoping customers will pick you anyway?
Are you making any of these mistakes? If so, you're probably losing business - fast. Follow the example from a street vendor in Rome, and learn to sell umbrellas when it's raining!

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Home > Small-Business-Consulting > Gihan Perera > Know Your Market Sell Umbrellas When Its Raining >
Article Tags: marketing

About the Author: Gihan Perera
RSS for Gihan's articles - Visit Gihan's website

I'm an Internet coach for speakers, trainers, thought leaders and other business professionals. Business owners often ask me what to do about the Internet. They know it's important, they know it's affecting their business, but they don't know how - and they don't know what to do about it. I'm an author, speaker, trainer and consultant. Since 1997, I've worked with leading thought leaders, change agents and entrepreneurs, helping them reach more people and leverage their expertise, on and off the Internet.

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Related Forum Posts
Re: How should i promote a new website? Re: How should i promote a new website? - ignore this message IF it's already been stated. I haven't had a chance to read all the replies and i have to jet from the office... I suggest marketing where ever your Target Market congregates. If it's a forum of concerned parents - go there. Strike up a deal with the forum owner (JV) and have him promote it to the list of members (Integration Marketing). If you want to go with Forums then i would partner with a parent who is a frequent poster/moderator on a particular Target Market Forum and have him/her add your link to their signature. That was just a thought but it's not as intense once you get buy in from the Forum owner or high ranked poster/moderator. Hope that sparks some new ideas.
Re: Ideas For Business Re: Ideas For Business - Hello Lucy, you may consider this list for Ideas for Business: (Top 23 list) Rank Company 1 Google 2 Genentech 3 Wegmans Food Markets 4 Container Store 5 Whole Foods Market 6 Network Appliance 7 S.C. Johnson & Son 8 Boston Consulting Grp. 9 Methodist Hospital Sys. 10 W.L. Gore & Associates 11 Cisco Systems 12 David Weekley Homes 13 Nugget Market 14 Qualcomm 15 American Century Invest. 16 Starbucks Coffee 17 Quicken Loans 18 Station Casinos 19 Alston & Bird 20 QuikTrip 21 Griffin Hospital 22 Valero Energy 23 Vision Service Plan
Re: Do Women Play the Stock Market? Re: Do Women Play the Stock Market? - I also play Stock Market.....
Your advantage over others Your advantage over others - Sell using your USP - unique selling proposition. Why should people buy from you, instead of your competitors? Think about it, why are you so great? It may be a hard question, but finding the answer can multiply the effectiveness of any advertising or marketing activities you undertake.
.. .. - We are the UK Market Leaders.....the first to venture into this on a huge scale. What makes this a success is the simplicity of the product and the price, very affordable to the mass market.


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