10 Retail Promotional Ideas
By Rich Gordon a.k.a. RetailRich
Use the Power Of A Handful of Merchants You Can Work With
Print up some cards on plastic or heavy paper featuring your store a handful of other merchants. Call it whatever you want i.e First Timers Card, Thank You Card, Great DealZ. With the logo of each merchant on the card, offer a special discount for the next purchase at each of the merchants on the card. Each merchant draws a line through their logo with a special color pen as the offer is acted on. As a bonus, after the card has been used at all participating merchants, the card can be entered into a drawing for a special prize. By the way, don’t forget to promote you efforts with a banner and handout in each bag. The idea here is your customers are being introduced to a store they may not have been to yet, or possibly generally haven’t shopped. And the other store’s, are hopefully sending you customers that haven’t been to your store before. Just remember, someone has to get the bowl rolling and take the initiative!
Offer a Free Class
Offer a free lesson or class on make-up, scrapbooking, sewing, hair styling, gardening, or a home improvement task or even how to get more effective use out of a product or product line you are selling. The options are limited only by your imagination. When customers get to learn how to get the best use out of your products they’re more likely to buy more and also become more connected to your business.
Offer An Ongoing Deal Based on Temperature (train your customers to follow it)
Do it in recordings for calls on hold. Do it with handouts all summer. Do it on banners and in your window. Do it on your tweets, facebook and your website. Do what you ask?
Promote the fact that on any day when the temperature is above _______(you decide) all merchandise will be ____% off. You can also limit it to a particular type of merchandise such as shorts for apparel stores. Do this with regularity and people will begin to remember and seek you out on those hot days. You can do the same thing in the winter too!
Advertising in School Newspapers
Work on creating a few ads over the summer for the next school year designed to go into the school newspapers in your area. You might even offer a donation to some school fundraiser in return for each sale. Students are customers of tomorrow and if you have products that appeal to them now, promote you and your store to them today.
Ever Consider Offering Business’s Own Really Sharp Looking T-Shirt?
Have any creative friends or do you know an artist? Maybe you’ll need to go to a local junior college and ask the instructor if anyone would be interested in designing a really sharp t-shirt. Maybe you can make a competition out of it.
Once you have a great t-shirt, consider making it a free gift with purchase. You might value the shirt at $20.00-$25.00 and you could offer it with any $50.00 purchase or more. The customer gets a decent shirt for free , that has real value in their eyes (especially if its really sharp artwork or possibly a funny design or slogan). If it’s done well, your customers are advertising your store when they wear the shirt and your avoiding lowering your price or losing as much margin as you might have if you offered a $20-$25.00 discount. It all comes down to a healthy bottom line and a cheaper form of advertising.
Free, After The Sale Service
Consider a FREE offer on after sales service – cleaning or maintenance of the purchased product at your store. You provide additional value without discounting your product and you introduce your store’s service aspects possibly for the first time.
How About Cross Marketing With a Printer?
What if you had a gourmet chocolate store or a women’s accessory shop and you convinced a printer that he should include a coupon for your store (s) right in the middle of the notepads that he sold. I believe the value and popularity of his notepads would go up over time as would the sales in your store!
Offer a Late Night Sale
If your store is in a heavily trafficked area at night or you or near a location with a lot of workers who get off later in the evening, think about a special event that is late at night. The idea here is that you may be introducing your store to a whole new group of customers. If you have the budget, try late night radio ads leading up to the event, which are cheaper time slots. Consider a band or a disk jockey for music on the parking lot, with a search-light as well. . a late night on location radio broadcast make be a good idea as well. It all comes down to the type of store you have and where your store is, but it’s worth considering.
Consider a Mother-in Law or Father-in Law Sale
Print up special gift certificates with a face value worth at least $20-$50 dollars. Promote the time period the coupons are good via all traditional channels you can think of. But offer the coupons to your buyers for anywhere from 10%-25% off. The buyer benefits because the recipient won’t know the coupon was purchased at a discount. The recipient of the Mother-in Law or Father-In Law certificate feels obligated to go into your store and use their certificate. Have a very generous expiration date on the certificate. Those that never are redeemed for one reason or another are money in your pocket. Those certificates that are used may mean some new customers introduced to your store. Just keep in mind these certificates purchased at a discount are out there floating around when it comes to future sales on merchandise.
WIIFMC
What’s In It For My Customers? WIIFMC should be your motto. You should be asking it as a part of almost everything you do. If it doesn’t bring the customer back again, it may not be worth your time and attention. If it doesn’t really benefit and bring back the customer, it probably won’t help your bottom line, your banker, your family or your investors (if any). It really is all bout your customer.