March 28, 2020  
 
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Selling to Niche Markets

 

Selling to Thrift Stores

There's no question that thrift stores are excellent sales targets -- and that presents an opportunity to entrepreneurs who want to improve bottomline profits. Here are some of the things that are required to sell to thrift stores in this business climate.

There's no such thing as an easy B2B sale. To succeed in this environment, you need great ideas and perfect execution.
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Leveraging the strength of the market, entrepreneurs are knocking on the doors of the marketplace, anxious to collect their share of the profits. Competition is fierce, so new businesses have to be careful about the way they approach thrift stores.

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Acquire a thrift store lead database.
 

Marketing Mix

Since marketing and sales go hand in hand, your company's marketing mix plays a central role in bottom line sales revenue. The industry's leading sellers employ multichannel marketing strategies and prioritize channels that target decision makers.

Despite the fact that there are multiple way to market to thrift stores, B2B sellers often achieve higher returns by outsourcing lead generation to a third-party provider. Experian and other vendors maintain accurate and up-to-date lists of thrift stores. For many businesses, these lists lay the foundation for the rest of the sales cycle.

Role of Owners & Managers

Owners and managers play an active role in selling to thrift stores. Front line visibility is essential for large accounts, but your sales team can benefit from on-the-job partnerships with the owner or sales manager.

By periodically accompanying your reps in the field, you earn their respect and gain insights about your customers.

Create a Plan

There is nothing random about effective thrift store sales. The industry is filled with savvy business professionals who know their way around the marketplace.

As a result, top B2B sellers know better than to leave anything to chance. Before they initiate contact with prospects, they create sales plans that address factors like market demand, competitive pressures, industry trends, pricing structures and more. Although you might be able to get away with a skeletal strategy in some industries, the thrift store industry will crush your business dreams unless you go into it with a carefully crafted blueprint.

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We think you may find these additional resources to be of interest.

Sales Lead Scoring

Mailing Lists for Thrift Stores

Closing a Complex Sale


Conversation Board

We always appreciate feedback from our readers. If you have any comments, suggestions, or questions about selling to thrift stores, we encourage you to get in touch with us today!


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Do You Own a Thrift Store?

If you have an existing thrift store, you are in the wrong spot. Try these useful resources:

Marketing a Thrift Store

Selling a Thrift Store

Thinking About Opening a Thrift Store?

If you want to start a thrift store, we have some better resources for you:

Opening a Thrift Store

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