Business

Saturday, March 12, 2016

I am a retired professional and want to start a new business.

Dear VBS,

I am a retired professional and want to start a new business. I have some savings, but, many options in front of me have so many competitors in the market. Many people I have interviewed are not making a living out of it. So, I decided to start a food outlet that delivers food to the doorstep. Can you suggest some promotional options I can choose to improve my business?

Sir,
Food business is a good option. Demand for food will never go down. What you have to do is a unique category which others can’t imitate faster and you will have the ability to meet the demand.
For creating demand you have to communicate to the right target group and meet their taste.

I would suggest you to start a plate size big burger…call it as lunch Burger…that would fill the stomach and low priced. If the prize and taste are attractive none will stop you in the market/
Now you need promotion.
Since the food business is a local business you will have to depend on the Local TV channel, the potential of TV channel to give you image and reach no other medium can deliver.

Social media, on facebook you can post comments and humor; post food humor as extended posting. Besides all these you can choose ads on facebook.

Create a loyal community asking them to like your facebook page for 20% discounts. Ask people to come with a flavor you can accommodate. Once you launch you should ask feedback, if the votes are more go ahead with the flavor. Keep on adding more dishes, and more often come with unique party dishes.

Newspaper inserts with coupon and SMS with coupon codes will get you more crowd.

Let me know the progress after 6 months.
Regards
V Bright Saigal- brand Doctor and writer


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