Tag Archives forStore

Scavenger Hunt Inside a Store

Why?

To engage the visitor and on the way offer him opportunities to buy, and make sure they have fun and leave with good memories. The last impression before they leave is the most important, so this will help them remember you fondly.

How?

When he enters the store, give him a small card with a good headline selling the first step, something like “You already have a surprise waiting for you. Just find our blue shelf.” There he’ll find the next step, maybe “The surprise is in our best selling book. You have two tries to find it. It’s on this shelf.” Inside the book there is a coupon and further teaser instructions (like: “If you want more on this subject, we have another surprise, go to our games section and look for the clue.”) Don’t only use coupons and discounts, do a raffle, give them a chance to pre-order something, just give them a small gift etc. also tell them they can ask for help from your staff.

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September 18, 2016

Name Your Price Experiment for Retailers

Why?

  1. Find out what price is right (at least how your customers see it.)
  2. Grab attention.

How?

Advertise that for today (or this week) this product can be bought by what the customer thinks is the fair price. The product should not have an MSRP printed on it (like a book), and an important part is, that they read (and maybe sign) explanation for why you are doing it. Most important, is including what is involved in pricing a single product in the shop (explaining the cogs, how long they stay on the shelf on average and how much that costs, shipping to the store, cost of money “sitting in it”. Basically, show them the real cost for the store of offering them the product.) Then they can buy it for what they think is fair.
An analysis should follow this experiment to find out if there are interesting patterns of behavior.

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September 18, 2016

Get Them to Buy at Least Two and Also Help Spread the Word

Why?

  1. Higher transaction size.
  2. Help spread the word.

How?

Offer them the following: they can get the product they chose for the regular price, or they can buy another product (either the same or another) and get a nice discount for both, but only if the second one is going to be a gift for someone. If it’s a consumable, you might want to have a permanent sticker on it saying “A gift to X from Y – brought to you by YOUR BRAND NAME” so they are more likely to gift it. If it’s not and it’s the same product (like two copies of the same book), then that is optional.
In any case, even if they don’t gift it, it will still help grow your transaction size. If they do, it will also help you spread the word about you and the product.

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September 18, 2016

Joint Retail Store Events That Attract Customers and Partners

Why?

  1. You want to attract customers.
  2. You want extra income streams.

How?

By looking at the demographic and psychogenic markup of your current customers, you can find out other things that a large part of them are in-market for. Things that interest them or they are looking to buy.
You find such an interest area that does not contradict your brand, and find good partners in that field. Invite these partner(s) to do an event with you at your store.
Your customers will appreciate it (the large group that is interested.) The partner will like the new business and clients they get. And you’ll get a commission on sales from the partner.

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September 16, 2016

Youth Day/Week at Retail Stores

Why?

For the tweens and teens, it’s an opportunity to see how working works and show they can do more. For retailers, it’s a chance for publicity and showing potential future workers it can be a good career.

How?

Have the young adults apply for different jobs at the stores. Interview them and pick the ones that fit. Then train them little by little (could be a whole semester’s course), then have a day or a week when they operate the store (with not so visible supervision.)

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September 5, 2016