Archive for June, 2009

Driving goodwill in your newsagency

Goodwill is important when a newsagents decides to sell their business as it represents the value of the business after the current owner leaves. Belonging to a marketing group like newsXpress can add to the goodwill of a newsagency.

Business goodwill is that portion of a business’ value associated with the business itself. It includes things like footprint, brand recognition, supplier relationships, training, support, marketing, market share etc. Business goodwill is transferable from one owner to another, it is sellable.

The other part of Goodwill is personal goodwill this is the portion of a business’ value associated directly with its owner. Things like the owner’s name, reputation, contacts, skills, and abilities. For many Newsagencies the majority of their value is tied up in personal goodwill. Unfortunately, personal goodwill only has value to the current owner, and is therefore difficult to sell.

A prospective newsagency buyer will usually look for a newsagency with a higher business goodwill. From the buyer’s perspective, a newsagency with more business goodwill is worth more of a premium price as the business is more likely to remain profitable once it has changed hands.

newsXpress provides its members with strategies, product offers and regular in-business support to help build business goodwill and thereby make the business more value. This is a key aspect of our mission and a key point of difference of newsXpress.

Merchandising to your local market

In retail it is important to tell a story, whether this is a price story, a range story, or a theme story. Creating a promotion with a story in mind increases your potential to attract customers to make sales.

dsc03444.JPGnewsXpress Beechworth had this focus in mind when designing their front window display for the HOT ink! 11 promotion. Beechworth is well known as a beautiful Australia historic town and a popular holiday destination, the residents and local businesses put considerable effort into local events and using this as a basis for promotions makes good business sense.

Ian and Tracy’s daughter Rachael incorporated the exceptional point of sale posters supplied by newsXpress along with the oversized autumn leaves celebrating the local Harvest Festival to spectacular effect in creating this front window display - so well in fact she has been appointed to oversee all window displays from now on.

What does newsXpress stand for?

The most common question newsagents of a marketing group they are considering joining is what does the group stand for, what is its mission?  here at newsXpress, the answer is clear:

Our mission is to make newsXpress newsagencies the most successful and sought after newsagencies in Australia.

Simple.  To the point.  This mission defines every decision we make, every supplier relationship we negotiate, every marketing startegy we develop and every contact we have.  It goes to the heart of the newsXpress difference.

We back our mission by not locking members into long contracts.

Save money on ink and toner (part 2)

Get to your local participating newsXpress newsagency for great deals on ink and toner. HP, Canon, Epson, Brother and Lexmark - brand name ink and otner at great prices.  Details have been delivered to hundreds of thousands of homes and businesses.

hot_ink_page2.jpg

Click here for a list of participating stores.

Bostik signs on as preferred supplier of newsXpress

bostik-logo.jpgBostik the worldwide adhesive giant has agreed to terms with newsXpress as a preferred supplier for home, office and education adhesive products. Full terms and conditions of the new agreement are available to newsXpress members via the newsXpress website members section.

In store planograms have been developed in three different sizes to suit every stores unique layout or space requirement along with simple to co,plete order forms for the correct quntity of stock required. newsXpress have worked diligently with Bostik to stremline the order, replenishment and service processes to ensure maximum opportunity to provide positive returns to members.

Adding value to the STOCKTAKE SALE

nx_coupon_cleaning.jpgThe 2009 STOCKTAKE SALE which newsXpress has developed exclusively for newsagent members features many elements designed to help shift stock and reward customers for their support. This campaign is another from newsXpress which positions our retail network competitively against national retailers.

One such small element in the STOCKTAKE SALE brochure is a coupon offering a discount on computer cleaning products. It is rewards like this which are used by smart retailers to derive the maximum value from marketing collateral. The STOCKTAKE SALE brochure is multi-layered and aimed to have broad appeal. The cleaning coupon helps us reach into the home office space, other aspects of the brochure help us elsewhere. We will publish the brochure here once it is in the marketplace.