Question
Topic: Strategy
Repackaging Business
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I have small special event decoration company, Wowballoons.com. Manly we decorate with creations made out of balloons. We can decorate a space, especially large space, cheaper than anybody else and look very fancy.
Here are some examples of our work:
[inactive link removed] page with big sculptures
https://www.facebook.com/profile.php?ref=name&id=1745011789#!/album.php?aid... album on facebook
All our business life we are trying to get rid of notion of the “balloon business” . What it means: we do not deliver balloon bouquets and advertise the higher end: big sculptures and , explosive walls and other special effects, unique never seen designs specific to the theme and venue and so on.
Lately I have met with several big shots on the industry and a much smaller local provider, to be referred to their customers. The message was very clear: balloons are out of style now. What it means precisely – nobody is asking for “balloons”: arches, bunches and columns. And even though what we do is much more, it is almost a different service (product?) – they can not recommend us “since nobody is asking for balloons”.
That means that I have to repackage my business.
Being a decorator, but not a marketer at all, one solution I see is this: split the company in two:
First: usual balloon delivery business: bouquets with flowers, chocolate, plush toys, ... just to supply day to day cash flow.
Second: the Designer’s Studio of a Unique Maser (bla bla bla...) that is presented in such a way that nobody would dare to ask for a simple arch or 3 balloons on a weight. Or, if they do, they understand that it is going to be very costly.
I am sure there are other solutions. What can you suggest?
Thank you!!!
[Moderator: Inactive link removed from post. 2/14/2011]