Posts Tagged ‘retail tips’

Tuesday Tip: Highlight Holiday Merchandise

Tuesday, November 17th, 2009

From decorating to cooking, people always get into the holidays. So this is your chance to capitalize on holiday merchandise sales. Just putting out your seasonal merchandise is not going to put you above your competition. You have to go the extra mile and really make your seasonal merchandise stand out. Appeal to your customer’s senses and put them in the holiday buying spirit.

Sight
Your displays are going to be a huge factor in attracting customers to your holiday merchandise. People are going to go towards attention grabbing things like lights, moving objects and sparkle, not a tower of boxes. Here is where you should let your creative talents shine. If you are not very artistic, consult employees or friends who can help.

Smell
Draw customers into your store with a holiday scent like gingerbread or pine. This would be especially helpful if you’re selling holiday candles or potpourri. Many people associate the holidays with certain smells, so put them in the holiday mood with the sent of their mom’s fresh baked apple pie.

Sound
“Tis the season to be jolly, fa la la, la la la …” Nothing puts people in the holiday spirit more than Christmas or holiday music. Make sure it’s not too loud and try to have a variety of music play. Also try to avoid religious music and play songs such as Frosty the Snow Man, Let it Snow, Winter Wonderland, etc. or make sure you represent all traditions in your musical selection in order to keep all customers happy.

Taste
Everyone loves samples. If you have a special holiday drink mix or dip consider putting out samples. This is a great marketing tactic because people won’t have to guess at what they are buying. And it shows that you believe in your products enough to put it out and know that people will like it enough to buy it. This will also make people stay in your store longer and lure in others who are wondering what is so interesting.

Touch
If your merchandise is packaged in a box, we recommend having a display out of the box so that customers can pick things up and touch them. If you don’t, people will end up taking items out of boxes themselves. This could potentially damage several products.

Think of what would appeal to your customer’s senses this holiday and you might be pleasantly surprised at the difference it makes in your store.

How do you attract customers into your store?

Tuesday Tip: Maximize your Window Displays

Tuesday, November 10th, 2009

Shoppers will judge a book by its cover when it comes to window displays. Your display has about five seconds to persuade customers to enter your store. If the display doesn’t give a great first impression, people will lose interest or have no interest in your store at all.

Some super stores have whole creative teams to make holiday, sale and everyday displays. Because you probably do not have a professional staff for your displays, you are going to have to think out of the box to make a statement worth noticing. Here are some tips to think about when planning out your window displays.

More is not always better. Cluttered displays do not grab buyers’ attention. If they’re not right away attracted to your store, it’s easier for them to pass by without another thought. Simple and clean displays with a direct message can be more effective than very intricate designs.

Plan before you act for quick turn around time.
If you are changing out displays during store hours, the less transition time you take the better. Have a clear plan of attack for how to dismantle the previous display and have everything ready to go up for the new one. Don’t worry about putting everything away. Your main priority should be getting the new display up.

Be different but not in a bad way. Keep in mind that all types of people will walk by your window including children. Even if you are not targeting kids, make sure that you don’t offend parents by your message. For example, Barneys did a window display in July that depicted its mannequins being attacked. With blood spattered windows, the display had people walking in the opposite direction of the entrance.

Stay true to your brand.
Your window display communicates a message to the public about what is important to you and your company. While you may be promoting a sale, also keep your store’s mission in mind. Never compromise your values to make a quick buck.

What are some of the things you have tried with your window displays? What worked for you and what did not?

Tuesday Tip: Distinguish Yourself from the Big Box Stores

Tuesday, November 3rd, 2009

As independent store owners, it is imperative to make your store unique and standout against larger chain stores. People will come to your store not only for merchandise but to get away from everyday super stores and their bright white lights. Because larger retailers may be able to carry a larger selection of products at a lower price, you will have to highlight the benefits of your store to overcome these obstacles.

While there are many tactics you can implement, we recommend starting small and aim for quality not quantity in this process. Choose a few techniques and do them well. If they are not showing the results you desire, don’t be afraid to try something else. Here are a few things we have seen retailers do that really set them apart from the super store across the street.

Offer onsite services that will save your customers a trip. People don’t mind paying a little extra if the service you offer makes their lives easier. For example, if you sell pants, offer an onsite hemming service. This is also a great way for people to start buzzing about your store by telling their family and friends about the great benefits you offer along with your merchandise.

Treat your customers like friends not just buyers. Personal interactions will keep your customers loyal. Little things like greeting your customers by name and asking about their family, while getting them in and out in a timely manor will make customers feel like they are buying from a friend. Upping your personal attention doesn’t cost a cent but makes a huge difference in the customer’s shopping experience.

Because you don’t have to answer to higher management, you have the ability to haggle a bit when it comes to pricing. On large orders consider throwing in some of the smaller accessories for free or at a discount. For example, in a hardware store if someone is buying tools and materials for building a deck, give them a discount on the nails they use. Or for long time customers, if they run in for something small, let them walk out without paying. Just use your best judgment when doing this, and make sure your employees know that this is a privilege only you can pass out.

Do your research on the big box store competition. You are probably not going to have higher profits than the superstore next door but you can retain a good client base and thrive. Get in the mindset of your customers. Are they looking for quality over convenience? Do they need help finding smaller objects? If you don’t know these answers ask your customers. Pay attention to your competition and make sure you’re doing something different and original.

Focus your efforts on realistic goals for your store. Weigh your options and try to receive feedback from employees and customers.

Do you compete with a large chain store? How do your business tactics keep customers coming back?

Tuesday Tip: Cyber Monday Information

Tuesday, October 27th, 2009

Stemming from Black Friday, Cyber Monday falls on the Monday after Thanksgiving. This year Cyber Monday will be on November 30, 2009. With entire websites dedicated to help consumers find the best deals for this year’s Cyber Monday, it can be very competitive to get your sale noticed. Obviously if you don’t have an online store, Cyber Monday is not as big of a “selling holiday” for you, but it doesn’t hurt to be knowledgeable about online sales.

Here are a few facts about Cyber Monday to keep in mind:

  • Victoria’s Secret’s website was completely down between 10 a.m. to 12 p.m. during Cyber Monday in 2008, resulting in a decrease in sales and backlash from customers.
  • Cyber Monday sales were up 15 percent in 2008 at $846 million compared to 2007.
  • The term “Cyber Monday” was coined by shop.org in 2005 as a marketing tactic.

The number one, most important thing for eCommerce sites is to be able to remain functional with high amounts of traffic on Cyber Monday. When sites are down, customers are not willing to wait around, they will simply find what they are looking for with a click of a button to a competitor’s site. Though, some situations cannot be helped, do everything you can to test and retest your site to make sure it does not crash right as a customer clicks purchase.

Tuesday Tip: Black Friday Information

Tuesday, October 20th, 2009

The day after Thanksgiving, commonly known as Black Friday, officially marks the first Christmas buying day of the year. This year Black Friday will be November 27, 2009. Black Friday can be a retailer’s best and worst dream. While traditionally this day brings in the most foot traffic of any day in the year, it has not always brought in the most sales. Usually the day before Christmas rakes in the highest amount of profit for store owners.

Here are a few facts about Black Friday to consider as you prepare your store for the crowds:

  • The term Black Friday originates back to the 1960s in Philadelphia, referring to the overcrowded sidewalks and busy streets.
  • At the top of the selling list in 2008 was the Nintendo Wii, Ugg boots, Sony Blu-Ray Disc Player, Samsung’s 52” LCD TV and Nintendo’s Wii Fit.
  • Black Friday is not an official holiday, however most employees get the day off (except those working in retail and banking).

The key for retailers is to turn window shoppers into buyers this holiday season. Some tactics to consider are utilizing holiday signs, advertising early bird specials, giving freebies with a certain purchase or offering a percent off at a certain time of the day.

What are some of the best and worst experiences you have gone through with your store during Black Friday? We would love to hear your retail stories!