Many years ago, my daughter, Erin, announced that she wanted to set up a lemonade stand.
I tried to talk her out of it by showing her how much she’d need to spend to buy the lemonade mix,
get the cups, that sort of thing. Regardless of my best efforts, there was no changing her mind.
She wanted to go into business and there wasn’t anything I was going to do to stop her.
So as I succumbed to my role as venture capitalist in her first business startup.
I decided that at the very least, this would be a great chance to teach my daughter
about counting money, basic business principals, that sort of thing.
We sat down with a pad of paper and started writing the business plan.
It didn’t take long before Erin, becoming completely exasperated with
my efforts to teach her about price structure, looked up at me and said:
“But Mom, I just want to give it away. Our neighbors are so nice,
I just want to give them the lemonade.”
Wow! What do you say to that? She hit me with a complete game changer that I didn’t expect.
Suddenly, the lemonade stand had taken on an entirely different meaning.
So we put away the business plan, she drew up a sign and I helped her mix
a pitcher of lemonade.
Just as we were about to open for business, Erin came in from the back porch with
a some mint leaves she had cut from a pot.
“Can we put mint in the lemonade?” she asked. “I want to make it extra special.”
And with that, on a Sunday afternoon in a quiet neighborhood, she was open for business.
Within a few minutes, one of our neighbors who had heard about the project came
over with 50 cents to buy a glass of lemonade.
Twice the price my daughter was originally planning to charge.
“But it’s free” Erin told her.
“That’s OK. I want to pay you for the lemonade”, she replied.
Not knowing what to do with the money, Erin put it in a cup and set the cup on the table
(where everyone could see it).
Before long, more neighbors came by, each one giving her at least 50 cents.
When a car would pass, she would jump up and down and scream,
“Free lemonade” hoping they would stop.
For the most part they didn’t. However, at one point, one did and the driver
handed her three dollars for his glass of lemonade – 1,100 percent more then if she’d
gone with her father’s suggestion of 25 cents per cup.
By the end of the day, Sophia had made a whopping eight dollars at her “free” lemonade stand.
When it was all said and done, I realized that although my original business
lessons didn’t stick with my daughter, I learned a lot about marketing.
Here are seven lemonade stand tips that you can use to market your services:
1. Give people something for free and they will feel obligated to return the favor
When you help someone, it creates a natural desire to return the favor. In doing so,
you’ll not only build trust, but also develop relationships with potential clients.
2. Give potential customers a taste of your offerings
Offer free training before you are hired or free consulting with a service. Just be sure to make it good.
When your customers are excited about the base product, they are much more likely to buy more.
3. Make it “Extra Special”
Don’t just offer lemonade. Put in that extra sprig of mint. Make everything you do
something “extra special” and clients will take notice. Not only will they come back for more,
they’ll tell their friends.
4. Don’t Be Afraid to Tell Your “Neighbors” (Network!)
One of the first things my daughter did when she opened her stand was run next door
and tell the neighbor. After getting her lemonade, she called two other neighbors
and so forth and so on. Don’t be afraid to tell friends and colleagues about your services.
5. Do What You Need to Do to Be Seen
It wasn’t enough to just put up a sign. My daughter’s advertising consisted of jumping up
and down screaming “free lemonade” at passing cars. While it might seem extreme, it worked.
How are you “screaming” about your business?
6. Be Persistent
Even though most of the cars passed by, my daughter didn’t give up. Finally, after many
failed attempts, one of them did stop—doubling her income for the day.
7. Build Anticipation
My daughter’s first customer knew about her project and was there as soon as it opened.
Don’t just launch your new web site, product line or location, let people know it’s coming.
Send email notices, direct mail, have a launch event etc.
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