Canadian Music Trade - December / January 2020 | Page 23

ecosystem is that they can now also offer Starbucks catering to clients of the onsite 240-capacity Cosmopolitan Music Hall, which itself helps to bring a wider potential customer base into the store. “A lot of what we do is meant to get people through the door, and there’s kind of a ripple effect from there,” Hebert reinforces. Another example of an initiative that appeals to a new customer segment while also strengthening existing aspects of the business was the decision to start selling vinyl records a few years back. “That’s an interesting one,” Hebert shares. “We’re selling dozens, if not hun- dreds of turntables every year, but I don’t even know where else you can go to buy a vinyl record in our area, so it made a lot of sense.” Wisely, they’ve folded the vinyl sales into their print music department, which not only puts significantly more people in front of those products, but also offers a unique synergy: why just buy Led Zeppelin III on vinyl when you can also grab the offi- cial tab book and learn while you listen? “It draws all sorts of new people into the store, and draws all kinds of people to the website, which is great because it complements the print department and, really, everything else we do. It’s been very successful for us.” Whether it’s a live venue, vinyl records, or a hot bowl of vegetable soup, there’s no short- age of ways to complement your MI sales with adjacent businesses or services – ones that will boost your bottom line, bring new people to your door, and complement your existing offerings. Mark Hebert, Cosmo Music, Richmond Hill, ON if something might not add revenue from a quantitative perspective, if it will improve the customer experience, we’ll move forward.” There’s no shortage of things to have passed that test over the last decade-plus. In addition to its various MI departments – from guitars, drums, brass and woodwinds, and the like to pro audio, print music, and more – Cosmo boasts an expansive instru- ment rental program serving individuals and schools in its surrounding area, a music school catering to over 2,400 students each week, a live event space that hosts everything from clinics to corporate events, and in late 2018, became the only musical instrument store in the world to have an official Star- bucks location on its premises. “That was a brand play,” Hebert discloses about Starbucks @ Cosmo, which replaced an existing café in the store’s massive atrium space. “Being associated with the Starbucks brand is a good thing for us, and elevates our own brand while letting us offer our customers a fantastic experience.” As with the previous café, the goal is to make the store something of a community hub, and the onsite Starbucks can simulta- neously encourage customers to stay in the store longer and give parents and spouses somewhere comfortable to hang out during lessons or shopping. And then there’s the added benefit of simply bringing new faces through the door. “While it’s more for the people that are already coming here, there are definitely customers that have come in because they see us on the map of Starbucks locations, or maybe they’re on a drive and they wander in after seeing us from the highway, and then we think we’ve got enough to engage their curiosity when they come through the doors,” offers Hebert. Another benefit to the wider Cosmo Mark Hebert (left) accepts NAMM’s Dealer of the Year Award at Summer NAMM 2019 Andrew King is the Editor-in-Chief of Canadian Music Trade. Flying Vs & Vinyl Check out our From the Floor interview with Chris Nylen of Faders Music in Brandon, MB, discussing the benefits they’ve enjoyed since Faders started selling vinyl records alongside their MI offerings a few years back. Find it in the October/November 2017 issue at www.canadianmusictrade.com/online, and check out our other back issues while you’re there! CANADIAN MUSIC TRADE 23