10 things I wish people told me when I started my 7-figure sticker shop | BigPlansAcademy.com

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#10 & detailed explanations ⬇️

1- Attempting to appeal to a broad, diverse audience might seem like a good strategy at first, but it's actually going hinder your sticker shop's growth. When you try to cater to everyone's preferences and needs, your marketing message becomes diluted and less impactful. Instead, by narrowing down your target market and understanding your ideal customers, you can tailor your products, branding, and marketing efforts to resonate strongly with a specific group.

2- In a competitive market, it's essential to differentiate your sticker shop from others. Simply copying what your competitors are doing won't help you stand out or attract customers. Instead, focus on identifying your unique selling points. What makes your stickers different, special, or better than what's already available? This could be innovative designs, superior quality, eco-friendly materials, or other distinguishing factors.

3- When you start a sticker shop, it might be tempting to create a wide variety of designs to cater to different interests. However, trying to cover too many niches can lead to inefficiencies in marketing and production. Niche down means identifying a specific target market or theme for your sticker

4 - Acquiring new customers is undoubtedly important, but equally crucial is retaining existing ones. Customer retention is cost-effective and can lead to long-term success. Ensure you provide exceptional customer service, maintain product quality, and continuously engage with your customers through social media, email newsletters, or loyalty programs. Happy, satisfied customers are more likely to make repeat purchases and recommend your sticker shop to others, fostering organic growth.

5- As your sticker shop grows, it's essential to transition from a hobbyist mindset to a business-focused one. This means getting your legal, tax, and financial affairs in order.

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