Motivating Yourself Through Tough Times

Like all business owners, you may face difficulties in running your self-service coin laundry operation. Some of these challenges could include machinery breakdown, vandalism, cash flow issues, new competitor etc. [Read more…]

Getting Funding for Your Coin Laundry

Starting or expanding your coin laundry operation will require financial investment. There are many ways to secure the fund you need – you could take up a bank loan, borrow from family and friends, or even try crowdfunding. [Read more…]

Strategies to Rise Above the Price war

A coin laundry business is a self-service operation offering no frills services. Hence, it is not surprising that customers would prefer the coin laundry with the cheapest rates. Here is how you can attract and retain customers at your coin laundry shop without having to sacrifice your profit margins: [Read more…]

Tips for Branding Your Coin Laundry

Nowadays, we live in a world that is more visual than ever before. This means that small businesses will need to think carefully about their branding in order to stand out in the crowd. The following are the three very important tips for branding your coin laundry: [Read more…]

Social Media Marketing: Promoting Your Laundry Business

Many businesses think that social media marketing is simple – you just put up a post to attract your targeted customers, right? In fact, it is much more than that. These 4 tips can help you harness the power of social media for your laundry business:

  1. Be the Expert

Content is king. Most people visit social media sites for businesses to find information or services. As a laundry operator, you need to showcase your expertise in all things dealing with laundry in your social media posts such as useful laundry hacks or how to save water. You should also highlight your operation’s unique selling point: value-for-money, quick service, or modern machinery etc.

  1. Engage Your Audience

Social media is a platform to converse with your targeted customers. Hence, you need to communicate with them by responding to their comments or providing useful suggestions to a question. It is the best way to retain their interest in your business.

  1. Consistency

If you want to reap the benefits of social media marketing, you need to be diligent in managing your pages. Publishing your content and then disappearing is a big no-no. You need to consistently publish good content and participate in conversations. Otherwise, your followers can easily replace you with another business.

  1. Love Your Community

As a local laundry operator, you need to get involve in your neighbourhood to create a sense of belonging or loyalty with your customers. The social media is the best way to show you care about the well-being of the community you operate in by featuring your business’s involvement in charity events or ongoing efforts to help improve the neighbourhood.

It is important to note that social media marketing does not yield results overnight. It takes effort, time and patience to create a meaningful social media presence for your business.

If you need professional advice on running a successful laundry business, contact PLE Laundry Equipment Sdn. Bhd. at 016 – 262 2965 or 03 – 5633 6405 for a consultation.

How to Maximise Your Time at Your Laundry Shop

A coin laundry business is a self-service operation. Hence, it is not necessary for you as a business owner to spend all your time at the shop. However, it is still important for you to visit your shop on a regular basis. Here is how you could maximise your time when you check in on your coin laundry:

  1. Make a To-do-list

Always have a check-list of the things you need to do during your visit: collect payment, check on your machines, make sure the shop is clean, top up laundry supplies etc. With this list, you can be sure that you will not miss something important and end up wasting your time when you need to return again to complete the task.

  1. Meetings and Solving Problems

Schedule all meetings with your business partners, suppliers or employees during these visits. That way, you can address any issues raised during the meetings on site. It is also important that you focus on tackling and solving as many problems at your laundry shop as possible with each visit. Do not get distracted by other unrelated matters.

  1. Customer Time

Most of your time spent at your laundry shop would be to ensure its smooth operation, but don’t forget to allocate some time for your customers. You might want to make a few visits during peak hours to get to know your regular customers. Talking to them would help you build a relationship. Through these conversations, you can understand their needs better and also build loyalty to enhance your business.

Time is money. It is more so for business owners. With efficient time management, you can keep your business running in tip-top condition and still have time for your family and friends.

Need advice on your laundry business? Contact PLE Laundry Equipment Sdn. Bhd. at 016 – 262 2965 or 03 – 5633 6405 for a consultation.

Restarting Your Business Growth Engine

Is your laundry business experiencing a stagnant profit or capturing fewer new customers lately? These signs may indicate that your business has stopped growing. There are three top reasons why this could happen and how to fix it.

 

  1. Market Saturation

Population growth in any neighbourhood will eventually slow to almost zero. At this point, it will be difficult for your laundry business to grow beyond the existing market potential. You could move to a new neighbourhood with more growth prospects but you would need to start from scratch all over again. In this case, the best way to continue growing your laundry business is to set up a new branch into a new neighbourhood.

 

  1. Lost of Interest

After managing the same business years, it is easy to become complacent. You might fall into the daily routine and begin to lose focus on marketing and renewing the business. Hence, it is important that you always keep up your interest in the laundry business by keeping abreast with the latest developments in the industry. Visiting trade shows to gain knowledge on modern technology and methods of growing business profits. You could also check out laundry shops on your travels overseas to discover new ideas to attract more customers.

 

  1. Internal Review

Entrepreneurs focused on growing their businesses usually tend to look for external means such as advertising, marketing or royalty programmes. They often forget that growth can also come from internal sources. For a laundry operation, you could review your internal processes such as machine layout, technology or even utility system to further enhance customer experience and optimise cost efficiency. An internal review can help you find better ways of managing your business and increase growth.

It’s time you take charge of your future. Make the first step to owning a coin laundry business today. Contact PLE Laundry Equipment Sdn. Bhd. at 016 – 262 2965 or 03 – 5633 6405 for a comprehensive business consultation.

It’s All in the Name

Giving a good name for your new business is just as important as naming your new born child. The following are some useful tips to choose a good name for your laundry business:

 

  1. Short and Simple

A long name is hard to remember. Keep it short and use simple words. Clever play of words such as using a catchy phrase or rhymes will make it easier for your customers to remember the name of your shop. For example, Clean & Go or Easy Laundry.

 

  1. Tell a Story

The name of your business must build brand character. For example, if you offer high performing cleaning technology, your shop name should capture this essence. In this case, you could use the name Modern Cleaning or something similar to reflect the image you want to project.

 

  1. Lost in Translation

In Malaysia, most English business names are translated into multiple languages including Bahasa Malaysia and Mandarin. Some names when translated may mean something else or even sound indecent. Hence, you want a name that has a positive translation in these languages so you don’t get in trouble or end up as a laughing stock of the neighbourhood.

 

  1. No Location

You may think it is a good idea to include the location of your area into your business name to create a sense of ‘belonging‘ to the neighourhood. However, this could create a problem when you decide to relocate or expand your laundry operation by setting up a new branch in a different location.

 

  1. Availability

After you’ve decided on the name, it is essential to check its availability via the relevant patent and trademark as well as business registration offices. Using a name already owned by another business could get you into a legal mess.

It’s time you take charge of your future. Make the first step to owning a coin laundry business today. Contact PLE Laundry Equipment Sdn. Bhd. at 016 – 262 2965 or 03 – 5633 6405 for a comprehensive business consultation.

Earn Higher Revenue Per Customer

Many businesses tend to focus on gaining new customers to increase revenue. Sometimes they end up neglecting their existing customers. This is a big mistake as your existing customer base is a good source of business revenue. Here are 3 tips on how to increase average revenue per customer for your coin laundry business:

 

  1. Entice Customers to Spend More

Laundry services typically consist of washing and drying. Hence, you need to offer other complementary products to encourage more spending from your existing customers. This may include scented softener or folding services. You can also get creative by providing entertainment or refreshment within your premises such as game stations or a cafe to increase revenue.

 

  1. Get Personal

The best way to enhance customer satisfaction is to personalise your service using customer information obtained via customer loyalty programme. Even though a coin laundry is a self-service business, you should take time to get to know your regular customers. Greet them by their names, engage them in conversations about their work and hobbies. The point is to make them feel welcomed and comfortable at your laundry shop.

 

  1. Surprise Your Customers

Show your customers how much you appreciate their business. Sending them little gifts such as discount vouchers or a free membership is the best way to tell them to come back. If your customers have kids, small gifts for the little ones would surely delight the parents. When customers feel appreciated, they are more likely to return and recommend your shop to their friends and family.

 

A happy customer is a walking advertisement for your laundry business. They are more willing to spend at your shop as well as encourage others to use your services.

It’s time you take charge of your future. Make the first step to owning a coin laundry business today. Contact PLE Laundry Equipment Sdn. Bhd. at 016 – 262 2965 or 03 – 5633 6405 for a comprehensive business consultation.

Choosing the Right Business Partner

Not everyone can go into a business on their own. If you are looking for a partner for your coin laundry business, here are some useful tips to consider:

 

  1. Someone You Know Well

A business partnership is like a marriage. It takes more than good paper qualifications to make it work. You should know your partner‘s character inside out. The person should be someone whom you know would back you up through thick and thin. Such a bond can only be achieved if you have known or worked with the person for a long time.

 

  1. Complementary Attributes

The biggest mistake is to find a partner who is a copy of you. You need someone who can complement you. For example, if you are good at administration work but lack marketing skills, you might want to find a partner who is good at marketing. That way, you can handle the business administration aspects while your partner can take care of the marketing of your coin laundry.

 

  1. Shared Vision and Values

For your laundry business to move forward, you and your partner will need to work together to achieve common goals. This process can only happen if your partner shares the same passion, vision, values and work ethics. These common basic beliefs will be the key to a successful partnership.

 

  1. Don’t Forget the Fun

Managing any business can be stressful. Hence, if you’re going to be working with your partner on a daily basis for the long term, you might as well choose someone who is fun to work with. There has to be a camaraderie in the partnership for it to survive challenging times and come out stronger.

It’s time you take charge of your future. Make the first step to owning a coin laundry business today. Contact PLE Laundry Equipment Sdn. Bhd. at 016 – 262 2965 or 03 – 5633 6405 for a comprehensive business consultation.