The primary sales and marketing strategy for Barton Interiors includes these factors:
This strategy will be implemented through the tactics and programs described in this section.
The following SWOT analysis captures the key strengths and weaknesses relating to the market analysis summary and describes the opportunities and threats facing Barton Interiors.
This analysis indicates solid potential success, but the weaknesses and threats must be recognized throughout the life of the venture.
The following three strategies summarize our implementation process for the upcoming year. They address in-store retail revenue, expansion to non-fabric revenue sources, and Web-based sales activities.
STRATEGY #1 - Generating Referrals
Tactic #1A - Build a client base through leveraging existing contacts from former clients of the architecture firm.
Tactic #1B - Build a referral network through professional contacts. Offer special order fabric that will arrive in reasonable time frame and enable to provide something very unique for each customer.
Program #1A - Press release in the local paper announcing the business is open.
Program #1B - Offer seminars through organizations to promote the concept of using an interior designer and using Barton Interiors.
STRATEGY #2 - Product Sales
Tactic #2A - Promotion of products available through Barton Interiors.
Program #2A - Seminars and demonstration promotions.
Program #2B - Cross selling activities with home and office consulting.
Tactic #2B - Promotion of art and antiques.
Program #2C - Demonstrate the unique qualities they offer to promote these higher dollar transactions.
Program #2D - Display this through the online and notebook portfolio.
STRATEGY #3 - Generate Awareness Through the Website
Tactic #3A - Better facilitate and communicate Barton Interiors services and product through the website.
Program #3A - Design of www.bartoninteriors.com.
Program #3B - Integration of completed client work.
Tactic #3B - Monthly assessment of performance of email inquiries.
Program #3C - Establish goals of the program (Refer to Web Strategy Plan done in Web Strategy Pro).
Program #3D - Evaluate the client work initiated through the site.
Barton Interiors offers the highest interior design experience for the home and office conveniently available for those in the Boulder area. The concept is unique through the selection of antiques, home accessories, and complementary products along with the interior design consulting experience.
Barton Interiors will be differentiated from other interior designers by the value it offers in quality, sought-after products not found through other designers or store choices, and through the excellent service and support it offers. Client follow-through will be impeccable. This competitive edge leverages the same proven factors that indicated higher success rates for interior design services.
The marketing strategy is based on establishing Barton Interiors as the resource of choice for people in need of interior design ideas and products. The more involved "do-it-yourself" and the "buy-it-yourself" clients will find the consulting and guidance helpful. On the other end of the spectrum, the "just-get-it-done" client will find Barton will successfully accomplish exactly that. All clients will find Barton Interiors to be a resources to decorate their homes and offices in a way that is inspiring, inviting, and motivating.
Our marketing strategy is based on superior performance in the following areas:
This marketing strategy will create awareness, interest, and appeal from our target market for what Barton Interiors offers our clients. This will be executed in a manner that will entice them to come back for repeat purchases and encourage them to refer friends and professional contacts.
Product pricing is based on offering high value to our clients compared to others in the market. Value is determined based on the best design services, providing a "picture" of what the space will look like before the work begins, convenience, and timeliness in accomplishing the goal.
The promotion strategy will focus on generating referrals. Other potential sources of promotion include:
The primary source of distribution is through the tradition retail distribution channel. On a secondary basis, it will be through the website via email inquiries and phone sales, or directly from the site itself.
The single objective is to position Barton Interiors as the premier source for home decorator fabrics in the Boulder area, commanding a majority of the market share within three years. The marketing strategy will seek to first create client awareness regarding the products and services offered, develop that client base, establish connections with targeted markets and work toward building client loyalty and referrals.
Barton Interiors' four main marketing strategies are:
The strategies will be implements through the following marketing tactics and programs.
INCREASED AWARENESS and IMAGE - Informing those not yet aware of what Barton Interiors offers.
LEVERAGING EXISTING CLIENT BASE - Our best sales in the future will come from our current client base.
CROSS SELLING - Increasing the average dollar amount per transaction.
NEW HOME CONSTRUCTION PROMOTION - Connecting with people involved in the building process.
For the person that seeks to create a personalized and unique impression of her home, Barton Interiors is the source for client-oriented design services. Clients will be impressed with, and return for, the services they receive and the outcome they have enjoyed. Unlike other interior designers or stores, such as JoAnn's, Warehouse Fabric, or catalog options, Barton Interiors is a pleasant and tasteful resource that encourages everyone in the process of decorating their home. Unlike using the services of other interior decorators, Barton Interiors allows the individual to participate in their design choices to the extent they choose, and realize greater value for the dollars they invest.
The key to our sales strategy is referrals from pleased clients that are proud of the result Barton Interiors provided them and pleased to tell their friends--people much like them. Keeping in contact with past clients to acquire repeat business and to remind them of this referral opportunity will be key. Sales activities will depend on creating awareness about the services Barton Interiors offers and then build on each and every client as they make the decision to refer to others.
The website of www.bartoninteriors.com will be used for information only purposes at this time. Contact information will be presented with a complete portfolio of work accomplished. Additional information will be provided regarding the product-based resources Barton Interiors incorporates into the work done for clients.
The sales forecast is broken down into three main revenue streams; residential consulting revenue, commercial consulting revenue, and product sales. The goal is to have these two revenue streams be equal by the second year, with product sales slower to secure during year one. The revenue forecast for the upcoming year is based on a modest 12% growth rate. The economic unpredictability adds to the difficulty of making these projections.
In brief, our marketing mix is comprised of these approaches to pricing, distribution, advertising and promotion, and client service.
Pricing - Residential consulting will bill at an average of $90 per hour and commercial consulting at $100 per hour.
Distribution - All services and products will be distributed directly through the personal contact.
Advertising and Promotion - The most successful advertising is anticipated to be through the Boulder Herald and through ads on local broadcasts of the "Martha Stewart" and "Interior Motives" television shows.
Client Service - Excellent, personalized, fun, one-of-a-kind client service is essential. This is perhaps the only attribute that cannot be duplicated by any competitor.
The first goal is to recognize individualized needs of each client. If they are a repeat client, they benefit from the knowledge regarding their lifestyle and taste that was gained from the previous experience.
Barton Interiors does have some dynamic alliances. Based on initial research and contacts, several architect firms are willing to refer clients to Barton Interiors, including Jill's existing employer, Gibson & Sawyer, LLC. Other alliances include a retail store called "Providance" which focuses on gallery-type pieces for the home and office and is expected to refer clients. There is also a positive relationship with "Interior Fabricators" and this business is expected to be a referral resource. Strategic online alliances do not exist at this time. This will be an area of concentrated development for the future and is reflected in our milestone chart.
The milestone chart below accompanied by the graphic outlines key activities that will be critical to Barton Interiors' success in the coming year.