We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers. We are not our customers.
This is a mantra we need to play over and over in our heads as we consider new lines for our newsagencies. Too often, especially in the gift and related departments, newsagents buy to their tastes and this stops the business from speaking to its customers.
The small boxes in the photo are a good example. These overly bright things are not something I or anyone in our newsagency would purchase. When I have shown them to newsagents they say that they would not work in their shop. I felt that way too. But we tried them. They worked – turning faster than many magazines. This was an excellent example that I am not my customer.
This started me thinking about why we get gift and other buying wrong. I see the results of bad buying in the data for newsagencies from time to time – stock which turns at less than once a year.
Unlike other businesses where the owner can wholly define the business, newsagencies are controlled by many suppliers in the categories of magazines, newspapers, greeting cards and even books. We are not brought up expressing our individuality. We accept this when we buy a newsagency business. I think this is one reason we struggle with understanding about creating a point of difference.
Another reason is that we are not used to testing and letting data drive our decisions. The data is there, newsagents tend to not use it.
We need to experiment more, really push the boundary of what we can sell in our newsagencies and be guided by what our customers like. It’s their money we want after all.
We need to stop buying to our tastes. We need to buy for our customers because, often we are not our customers.