6 methods to extend retail gross sales
Distribution is the lifeblood of your retail business. A solid sales strategy can help you increase retail sales and make more profits. Consider every step of the transaction: customer service, fulfillment, and marketing. Improve the customer experience with each of these steps and you can make a huge difference in your overall sales.
Get creative to make your retail store stand out from the crowd. Read these six tips to increase sales and encourage engagement with your customers.
1. Create an energetic and welcoming space
Design your store with merchandising in mind to grab customers’ attention and attract them to your store. In retail, merchandising involves making changes to the store layout to improve traffic flow and sales potential. Here are some store merchandising ideas:
- Promote cross-selling. Place complementary items next to each other, such as B. a shirt and a matching hat or pet food in addition to water and food bowls. This gives customers reasons to buy multiple items at once.
- Add visual interest. Add bright colors and lighting to give the store a fun and welcoming atmosphere. The more time customers want to spend in your store, the more they end up buying.
- Create sidewalks. Think about ways to rearrange your store to make it easier for customers to browse and find items. You can make the experience more user-friendly by putting up signs that clearly guide customers through the store.
- Make it easy for yourself to navigate. If your business is online, make it easy to navigate the site and clearly label each product and product category. It also helps create an easy online payment process for your customers.
2. Use business marketing and advertising to attract customers
To get people into your business, use marketing and advertising to increase awareness. There are lots of great ways to promote yourself. Consider digital marketing, e.g. B. Google search ads or print ads in newspapers, or interact with your audience through social media. You can also post your own content online, including promotional videos, blog posts, or product tutorials.
When used strategically, social media gives you the opportunity to increase traffic to your website, reach more diverse markets and attract potential customers. Create a social media plan, determine the best platforms for your industry, and build relationships with your customers online. Make sure you focus on the quality of your posts – not just the quantity – and use compelling graphics to increase engagement.
3. Build connections with your customers
When you provide great customer service, you get to know the people who are supporting your business. Once you know what you want and need, you can adjust your product mix or store layout accordingly.
Train your team to provide quality customer service. Inform your employees about the products if questions arise. If you run an online business, answer phone calls, emails, and online chats quickly and in a friendly, helpful tone. Treat customers with respect to make them feel valued and become loyal customers.
4. Request for feedback
To better understand your customers’ needs, ask for feedback on the products or services that you are selling. Ask them to fill out comment cards or an online survey. This shows your customers that you value their opinion and work hard to meet their needs. Use this feedback to make changes to the store design, train your staff, and decide which products to replenish or phase out.
5. Offer referral incentives
An organic way to market your business is through word of mouth. Encourage your most trusted customers to tell their friends and families about your service. People often trust the opinion of their friends and family more than advertising or other promotional activities.
You can also consider offering referral incentives such as a referral code to returning customers to take advantage of a discount. Incentives like these can help you build customer loyalty in the marketplace.
6. Attract customers from the outside
Setting up exterior and curb displays can be just as important in getting customers excited about a safer shopping experience. These displays can encourage potential customers to shop. You can also have your team hand out flyers to passers-by.
Remember to keep an eye on the current COVID-19 restrictions. Pedestrian traffic in the retail stores is low. Make sure you have plenty of space for social distancing and put up signs to let customers know the necessary safety rules.
You can’t sell without people. By implementing sales and marketing strategies that put the customer first, you can differentiate yourself from the competition and successfully help increase your bottom line. With a business bank account, you can secure sales. Talk to a commercial banker to learn how to get started.