All of this info is so timely for me....I'm trying to figure out ways to help the new owner of the shop I sold to SAVE money and increase sales. I know, my husband keeps telling me "LET IT GO! You're NOT the owner anymore" but I can't stop caring...
Anyway, 'our' shop has been THE flowershop in our small town, Summerland (pop. 12,000 +/-) - Summerland Flowers & Gifts for those of you sending to Summerland, BC
- for over 25 years. Other shops have come and gone....
Teleflora and I guess (AFS before that? before my time) has been the main wire service for sending and receiving orders. Our town is about a 15 min drive to a bigger town, Penticton (pop. 40,000+/-) with a lot of flowershops (last count: 5, with one, Art Knapps Plantland, the being the biggest player). When I took over the shop in 2004, the main problem I had was the suspicion that a lot of incoming orders were going to Penticton shops instead of coming to Summerland through FTD. So, as an experiment I joined FTD and lo and behold my suspicion was right! The orders coming in from FTD offset the orders going out from Teleflora and then some.
The other, real concern I had is that the prior to joining FTD orders coming in to our community (potentially MY customers) had someone else's stamp on the cards. Lots of people in my town shop in Penticton because my town doesn't have ANY big box stores, which is more of a concern now that the economy has taken a dive. More people are going 'to town' to shop for everything from groceries to tires, even though these emenities are right here in our own community.
I joined FTD in 2005 and found that belonging to both wires wasn't costing me really anything. So, I began considering dropping both wires (xincoming-xoutgoing = 0) and either 1. using a credit card for outgoing, or 2. joining an alternative network for outgoing.
Then I was thrown another curveball: a shop from Penticton opened a second shop in Summerland. Great! They are on TF so I felt that I couldn't drop that WS. I expected this shop to fold, as did other flowershop owners in Penticton, within a year. Well, it's now two years later and not only are they still here but this summer they expanded their strip mall shop (mine is/has always been on Main St and their presence has not affected my solid customer base. BTW: they smoke cigarettes in the back of their shop and have three HUGE labs tromping around in their store)! Now, this is/was a mediocre shop in Penticton and in fact they closed their 'flagship' store in Penticton THE WEEK PRIOR to Mother's Day this year. The owners 'were' friendly with me as another shop owner BEFORE they came to town but now and I guess all along their goal, in their own words, was to "run me out of town" - paraphrasing.
So, my (our) dilemma is: should I stay or should I let go of the wires?
If the flower shop stays, the fees with both wires will continue to be a killer and both incoming and outgoing has dropped as a direct result of the economy, I believe. But, if I go, I'll be missing possibly a great deal of those incoming orders.
Reading about FSN (which I've been gathering info on) in this thread, regarding the lack of incoming orders, has me concerned. If the flower shop drops the wire, good-bye to incoming orders - they'll all go to Penticton shops since everyone is fighting for $s.
Thank you TOTO for reposting the Excel spreadsheet. I've been looking for that resource for the past 5 years!
Any suggestions anyone has on this would be greatly appreciated. It's just not so black and white in my mind....
Thanks in advance to ALL responses.
Dorothy