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Savvy retailers know that smart marketing is the best way to maximize profits. But, devoting significant time to marketing can be difficult. But, retailers can increase their sales and have more loyal customers if they consider the following retail marketing tips:
Measure Performance After Every Campaign
Before running a marketing campaign, you need to set specific and measurable goals. Then, you should develop mechanisms to track such goals for each campaign you launch. These goals cover what you want your campaign to accomplish. Are you looking to get more visitors on your website, increase online sales? Regardless of what your goals are, you need to do a post-campaign check-in to measure performance. The information you will get can be used for shaping your next campaign.
Take Advantage of Free Marketing Opportunities
In this technology-driven world, you can easily reach out to your target audience and promote your business without spending a fortune. For instance, social media have been a useful channel to connect your business to the people you want to attract. Also, your retail shop could partner with other businesses to promote your product or service. For instance, consider partnering with a spa and restaurant to provide a Valentine’s package that includes a gift from your shop, a spa trip, and dinner for two.
Make an Offer Many Times
A lot of retailers decide not to market with postcards again after being disappointed by the results of their first direct-mail postcard. However, did you know that many customers have to see an offer many times before they buy? Following this approach, especially in conjunction with banners, ads, online marketing, and flyers may give you great results.
Always Follow Up with your Customers
Follow-ups must be done after your customers have made purchases. Think about rewarding them for their loyalty to build relationships and earn more sales. You can send a special gift to a new customer like a 10% coupon to encourage them to visit your shop again.
Engage with your Customers
As you greet your customers, try to engage them with an open-ended question. For instance, you can ask them what exactly they are looking for or who they are buying it for. Customers will appreciate it if you help them find the item they need. They will consider you a dependable resource in the future. Also, giving valuable content in the form of assistance, tips, and advice can help your business stay on top of your customers’ minds.
