Hello, good afternoon. We begin with breaking news from Buckingham Palace.
Speaker:The King will go ahead with a state visit to
Speaker:the United States next month. Have you ever looked to
Speaker:the news and thought to yourself, is this really the
Speaker:right time to be trying to sell things? Welcome to
Speaker:the Resilient Retail Game Plan. I'm Catherine Erdly and in
Speaker:the next few minutes, you're about to get powerful real
Speaker:world retail strategies from insights shared both from my guests and myself,
Speaker:backed up by my 25 years in the retail industry.
Speaker:Keep listening to learn how to grow a thriving, profitable product business.
Speaker:Let's jump in with this latest episode. I saw a
Speaker:post on social media recently from a small brand saying
Speaker:how hard it feels to sell right now.
Speaker:The world is feeling chaotic, everything feels uncertain, and they
Speaker:were wondering whether it was even appropriate to be trying to sell products.
Speaker:And the thing is, is that's not the first post
Speaker:of this kind that I've seen. I probably see, if
Speaker:not one a day, then at least a couple handful
Speaker:a week of people talking about this and talking about
Speaker:how they found it really hard to show up on social media,
Speaker:how they've been struggling in their small business to keep
Speaker:showing up and keep selling. And it reminds me of
Speaker:the meme that Vicky from the incredible card company Mean Mail,
Speaker:if you don't follow Mean Mail, then go check them out.
Speaker:She shares this meme every so often and it shows
Speaker:the world literally on fire. And then there's Will Ferrell saying,
Speaker:does anybody want any more cards? And sometimes she posts
Speaker:it with a blank and other people repost it with
Speaker:their own products in. But the thing is, is it's
Speaker:funny because it captures something that so many independent business owners feel.
Speaker:The world can feel like it's falling apart and meanwhile
Speaker:you're trying to sell candles, cards, jewelry or clothing.
Speaker:And the fact is that this can feel really uncomfortable.
Speaker:For many people who start product businesses, the idea of
Speaker:going out there and proactively selling is something that doesn't
Speaker:necessarily come naturally to us. So when we do put
Speaker:ourselves out there and maybe we don't get always the
Speaker:reaction that we want, or maybe we look around and
Speaker:all we see stories that make us feel like maybe
Speaker:this isn't the right time, it can feel really, really difficult and really,
Speaker:really uncomfortable. This is the only thing I would say though,
Speaker:about all of this, which is that this is a
Speaker:conversation I have had so many times with business owners over the years.
Speaker:And I started my business in 2018, in 2020, of course,
Speaker:we had the pandemic. This was something that people really grappled with.
Speaker:And if you were running your business back in 2020,
Speaker:then you may well really resonate with that, that people
Speaker:were being criticised for leaving their houses to going to the post box,
Speaker:for example, to keep posting things out to keep their business going.
Speaker:And it's something that comes up when the news cycle
Speaker:is particularly difficult or full on, which feels like most
Speaker:of the time these days.
Speaker:I've heard it during recessions and whenever people are feeling
Speaker:overwhelmed and people ask, is this really the time to be selling?
Speaker:Is this really the time? Is it appropriate for me
Speaker:to be getting out there and sharing about my business?
Speaker:Personally, I think that there's lots of different layers to this.
Speaker:I've often said that running your own business, it's a
Speaker:lot like a crash course in therapy. It makes you
Speaker:confront all kinds of different things about yourself. It makes
Speaker:you confront the way that you think about money. It
Speaker:makes you confront how you believe in yourself and your self worth.
Speaker:It can really be something that's quite challenging. And every
Speaker:time you put yourself out there and you don't see
Speaker:sales coming back in, it can make you feel like
Speaker:there's a judgment on you personally. And every time you
Speaker:go out there and you do see sales coming in
Speaker:and sales are going really well, then you might ask yourself,
Speaker:is this going to last? How long is this going to last for?
Speaker:And is it all going to end? So there's already
Speaker:a lot of noise, as it were, mental noise that
Speaker:goes on in people's heads when they're running their business.
Speaker:Because I honestly think that unless you've actually stood in
Speaker:front of people with your products in front of you
Speaker:and offered them to them and asked them if they want to buy,
Speaker:then you may not be aware of just how challenging
Speaker:and confronting that is to you as a person. So
Speaker:if you have friends who don't have their own business or family,
Speaker:they may not get it. They get the. It's almost
Speaker:like the existential angst of having to put yourself out there day in,
Speaker:day out. So I think that that is part of the issue.
Speaker:I think that also we're just exposed to so much information online.
Speaker:We get real time updates from around the world. And
Speaker:it means that whenever there are very difficult things happening,
Speaker:which is a lot of the time, then we're constantly in it.
Speaker:It can feel like there's no switch off and so
Speaker:it all lands on our screens and it's all something
Speaker:that we're then having to almost. It's like a hurdle
Speaker:that we have to overcome. Before we even get into
Speaker:the difficult part about showing up and selling our products,
Speaker:selling our business, which even without all of this noise going on,
Speaker:it can also feel really difficult. So it's easy if
Speaker:you think about it to look at all of this and say,
Speaker:isn't this frivolous? Isn't this just something that's not that important?
Speaker:Who cares about what I sell right now? Or even worse,
Speaker:is it wrong for me to be promoting my products
Speaker:when all this is going on? And if you've ever
Speaker:grappled with these thoughts, if any of this is resonating with you,
Speaker:if you're nodding along thinking yes, I definitely have had those thoughts,
Speaker:then I just want you to know that's completely normal.
Speaker:And I talk to a lot of people who go
Speaker:through the same thing. I talk to it with my
Speaker:one to one clients. I talk to it inside my group programs,
Speaker:inside the Resilient Retail Club. People bring this up all
Speaker:the time that they say that either they almost disengage
Speaker:and then they find it really hard to re-engage or
Speaker:they've been trying to keep engaged, but it's been a struggle.
Speaker:So it's completely natural. It's probably part of the business
Speaker:journey and it's also something that many, many people experience.
Speaker:However, the problem with all of this is that you,
Speaker:it can also become a self fulfilling prophecy and it
Speaker:can stop you from doing the thing that your business
Speaker:actually needs to do. And here's the thing that's worth remembering.
Speaker:While small business owners are sitting there wondering if they should wait,
Speaker:if they should pause or tone things down, the big businesses,
Speaker:they just keep going. They keep selling, they keep marketing,
Speaker:they keep launching products. Partly because they have a duty to their shareholders,
Speaker:partly because it's run by salaried employees and not people
Speaker:who are having to kind of grapple with these thoughts
Speaker:and these moral dilemmas individually, but also partly because they
Speaker:understand something very fundamental, which is that for a lot of people,
Speaker:the show must go on. People still live their lives.
Speaker:They still celebrate birthdays, they still buy gifts, they still decorate their homes,
Speaker:they still treat themselves. And if the big brands keep
Speaker:showing up while the independent brands step back, guess who
Speaker:the customer ends up going to? I can assure you
Speaker:100% that at any time of crisis, the big retailers,
Speaker:they are not thinking about whether or not they should be still advertising.
Speaker:They are thinking about what their next offer is, how
Speaker:to keep engaging a customer, even when the customer may be distracted.
Speaker:So I want you to remember that, that the big businesses,
Speaker:they just keep rolling and here's the irony of it all.
Speaker:Even though the big businesses, they don't trouble themselves with any of this,
Speaker:they keep going. The independent businesses are actually the ones,
Speaker:in my personal opinion, are the least detrimental form of
Speaker:selling that there is. If you think about why you
Speaker:started your business and you think about why the people
Speaker:that you know started their business. I've worked with hundreds of retailers,
Speaker:small businesses, e-commerce businesses over the last eight years that
Speaker:I've been running my own business.
Speaker:And I can tell you one thing. I very rarely
Speaker:or if ever almost meet people who started their small
Speaker:business because the only thing that they cared about was
Speaker:getting richer at the expense of other people. Now, there
Speaker:is nothing wrong with wanting to start your small business
Speaker:with the intention of getting rich. I completely am 100% behind that.
Speaker:If you're sitting here listening to this, I'm willing to
Speaker:bet that you and everybody that you know who runs
Speaker:a small business started it because you wanted to do something better.
Speaker:You wanted to reconnect with your creativity. You loved curating
Speaker:or creating products that you were really passionate about. You
Speaker:wanted to build something meaningful.
Speaker:You wanted to connect with your community. You care about your customers.
Speaker:People start small product businesses, open independent retailers, the vast,
Speaker:vast majority of people that I speak to, they want
Speaker:to do things a better way. They've seen a gap in the market,
Speaker:they've seen a lack in the way that things are currently done,
Speaker:and they really, really want to do things better. Almost the overwhelming majority,
Speaker:to the point where I can barely think of anyone
Speaker:who doesn't fit this mould. They start their business, and
Speaker:I'm sure you did too, because they wanted to leave
Speaker:the world as a better place than it currently is.
Speaker:So they care deeply about the way that they source their products.
Speaker:They care deeply about the people that make the products.
Speaker:They care deeply about their customers, how they send their products out.
Speaker:They spend hours agonizing over the sustainability of their packaging
Speaker:or the choices that they're making. So you are not
Speaker:the people who are the ones who should be wondering
Speaker:if what you're doing is right right now, because you
Speaker:are a force for good. I truly believe that small
Speaker:businesses are a force for good, that they help communities,
Speaker:that they help customers, that they help show that there's a kinder,
Speaker:better way of making the retail industry and that you
Speaker:really should be showing up and sharing what you do
Speaker:and what you have with the world. So if you've
Speaker:got a product that genuinely brings joy, is useful, or helps with connection,
Speaker:if you've got one of those products and it can help your customers,
Speaker:then you are almost duty bound to sell it. So
Speaker:if you've been sitting there thinking, should I be talking about this?
Speaker:Yes, 100% you should be talking about this. Are you
Speaker:thinking that everyone's going to be watching you talking about your business,
Speaker:thinking, this is really inappropriate given the state of the world?
Speaker:No, they are going to be delighted to see somebody who is ethical,
Speaker:who's considered, who has really thought about the products that
Speaker:they create or curate, putting them out into the world
Speaker:with connection and with joy.
Speaker:If you're listening to this and you're thinking, okay, all right,
Speaker:sort of believe you, maybe, but is anybody spending money?
Speaker:The answer is yes, absolutely people are spending money. In
Speaker:my talk last week in Retail Roar, I ran through
Speaker:some of the industry stats in terms of what's been going on,
Speaker:but essentially the headline news is that spending is broadly
Speaker:in line with the year before. So, yes, people are buying.
Speaker:And more importantly, there's a lot of research around something
Speaker:that is known as the lipstick effect or small luxuries.
Speaker:You may have heard about this already, but there's evidence
Speaker:to show that at times of economic downturn or great uncertainty,
Speaker:people don't stop buying completely. Instead, they often shift towards smaller treats,
Speaker:things that make them feel better, things that help them
Speaker:connect with people that they love. I saw this very
Speaker:clearly recently on Mother's Day. I went to Columbia Road
Speaker:Flower Market in London. It was absolutely heaving.
Speaker:If you've never been to Columbia Road Flower Market, it
Speaker:is quite literally what I would call my happy place.
Speaker:It is a road full of stalls full of flowers.
Speaker:They are only open from 10 till 3 on a Sunday.
Speaker:But surrounding this market there are some incredible, beautiful independent retailers.
Speaker:So it's an absolute haven of independent retail. And another favourite of mine,
Speaker:a really great market. And everywhere you looked, people were
Speaker:carrying huge bunches of flowers. People buying flowers for their mums,
Speaker:people buying flowers for themselves, people buying little gifts, people buying house plants.
Speaker:And it really struck me how important this is. These things aren't frivolous,
Speaker:they aren't meaningless. It's how we as humans show love
Speaker:to each other in many different ways. It's how we mark special moments.
Speaker:It's how we connect with each other. And if you'll listen to this,
Speaker:you're most likely an independent retailer or e-commerce business that
Speaker:a lot of your products will be bought as gifts,
Speaker:either self gifts or gifts for others. And gifting is important.
Speaker:You're providing those moments.
Speaker:You are providing that ability for people to reach out
Speaker:to people that they care about in their lives or
Speaker:to themselves and say, I love you. Here is something special.
Speaker:And you cannot underestimate the importance of that. If you sell children's goods,
Speaker:then you're being part of people wanting the best for their children.
Speaker:If you are selling jewelry, again, it's part of that gifting process.
Speaker:If you're selling fashion, it's how people express themselves. None
Speaker:of this is trivial and it can be easy to
Speaker:fall into the trap of thinking that, oh, I just
Speaker:sell candles or I just sell this, and is this
Speaker:really important right now? But the thing is, is you're
Speaker:doing so much more than that. You have built a business,
Speaker:you have built a community, you are doing things a
Speaker:better way than has been done for at least the last 60,
Speaker:70 years.
Speaker:And you are standing out and saying that this is
Speaker:what you believe in and that is really, really important.
Speaker:Now, having said all of that, I also completely understand
Speaker:how difficult it can be to show up online when
Speaker:the news cycle feels overwhelming. As I said, I'm not
Speaker:100% sure our nervous systems are really designed to take
Speaker:in this amount of content all at once. And I
Speaker:think it can be a lot. So here's a practical
Speaker:thing that I often suggest to people is make sure
Speaker:that you've got a personal account for your social media.
Speaker:It's a really good idea at any point anyway. But having that separation,
Speaker:having a business social media where you are only following
Speaker:accounts or interacting with people on themes, on accounts, on
Speaker:content that is really related to your business, that will
Speaker:help you have that separation.
Speaker:And then I'm not saying that you need to stick
Speaker:your head in the sand. I'm not saying that you
Speaker:need to ignore everything that's going on. But if you want to engage,
Speaker:follow the news, engage with what's going on, do that
Speaker:under your personal profile so that you have some kind of separation.
Speaker:Because what a lot of people describe to me is
Speaker:that they almost feel ambushed. Like they go into their
Speaker:social media and they just don't know what they're going
Speaker:to be faced with. Or they just, they get very
Speaker:much sucked in because it's something they're interested in, but
Speaker:then very quickly feel overwhelmed. But I think having your
Speaker:business account and your personal account can be really helpful.
Speaker:Because imagine this, if you were working in an office for a company,
Speaker:then they wouldn't expect you to be engaging with news
Speaker:or outside content unless that was, of course, your job during the day,
Speaker:they'd expect you to be focusing on your work and
Speaker:then looking at that in your personal time.
Speaker:And I think that because lots of us work from
Speaker:home or work for ourselves in a studio or a shop,
Speaker:then the lines can get blurred. So if you can
Speaker:create that boundary again and almost every time you open up the apps,
Speaker:ask yourself, am I going on here to consume as a personal person,
Speaker:or am I going on here to engage as a
Speaker:business and pick the right account and it can really
Speaker:help social media for your business feel a little bit
Speaker:calmer and a little bit less fraught. This is something
Speaker:that I myself did in my business. I realized that
Speaker:I was definitely getting distracted when I went on to my business Instagram,
Speaker:and I had to be very disciplined and unfollow all
Speaker:the people that I had been following, refollow them from my personal account,
Speaker:and get much more intentional. I did that around the
Speaker:beginning of the year and it has made a significant difference to me.
Speaker:I felt that I've been much more able to show
Speaker:up on social media, talk about what I need to
Speaker:do for the business rather than getting distracted and sucked
Speaker:into the things that I would be following on my personal account.
Speaker:And then obviously, when I want to look at my personal account,
Speaker:then that's completely separate. So if you've been feeling conflicted
Speaker:about selling right now, I just want to say this.
Speaker:Your work matters. The world needs you. The world needs what you do.
Speaker:Independent businesses bring creativity, connection and joy into people's lives.
Speaker:Selling something that genuinely improves someone's day is not trivial.
Speaker:Helping people express love and connection that they have for
Speaker:one another is not trivial. It's part of how communities function.
Speaker:So yes, the world can feel uncertain, but it doesn't
Speaker:mean you stop showing up.
Speaker:And in many ways it means that what you do matters even more.
Speaker:Thank you so much for listening. Please do take a
Speaker:moment to rate and review the podcast. If you are in Apple Podcasts,
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Speaker:to know about each new episode when it comes out every Thursday morning.
Speaker:See you next week.