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Valentine’s Day Retail Stock Photos

Valentine’s Day Retail Stock Photos

Valentine’s Day is here! So, to help our store owners out, we’ve put together some Valentine’s Day retail stock photos!

All images are free for commercial use, no attribution is required. 

You can download the photos for free here


Happy Valentine’s Day!

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Valentine’s Day Retail Tips

Valentine’s Day Retail Tips

Valentine’s Day is just around the corner! Which means that it’s time for retailers to spread the love.  

This year, shoppers are planning on spending an average of $196.31 on their loved ones. And with 55% of consumers expected to celebrate, total spending is estimated to reach a historical record of $27.4 billion

The best part is, you don’t have to be in the chocolate or gift industry to win the hearts of consumers! Keep reading to find out how you can take advantage of the record spending expected this Valentine’s day. 

3 Ways to Increase Store Sales this Valentine’s Day 

1. Add a Valentine’s Day section to your store and website

Valentine’s Day is infamous for being a last minute holiday. So, to make it easier for last minute gift buyers and shoppers, place all of your Valentine’s Day related merchandise in one section of your retail store and website.

If you own a physical retail store, dedicate a corner of your store to Valentine’s day so busy shoppers can grab and go. Consider creating a vibrant point of purchase display with Valentine’s Day colours (see the example below). Making use of signage to guide shoppers towards deals and merchandise will also help make the shopping experience more convenient. 

valentines day retail merchandising

With more and more shoppers browsing online before purchasing in-store, it’s also good practice to dedicate a section of your website to Valentine’s Day – regardless of whether or not you sell online.

Have a look at what Mejuri is doing for Valentine’s Day below. The retailer devoted a whole page on their website to Valentine’s day and even created a gift guide for shoppers. 

2. Create a retargeting strategy

Selling to existing shoppers is easier and more cost-effective than acquiring new ones. So, consider retargeting shoppers who have made purchases at your retail store during the holiday season.

To target these shoppers, you can create an email campaign to inform them of your upcoming Valentine’s Day promotions. It’s also a good idea to create a Valentine’s Day gift guide to include in your email campaign. 

In addition to email, running Facebook Retargeting Ads is an effective way to connect with shoppers. Facebook even gives merchants the option of uploading an email list when running retargeting ads. 

You don’t need a crazy budget either – retargeting ads generally perform well with a small budget of $10- $15 a day. 

valentine's day retargeting ads

3) Find a Valentine’s Day angle

Not in the chocolate or jewellery industry? That’s ok – you don’t have to sell Valentine’s Day related items to capitalize on the holiday. 

You can always find a unique angle to sell your merchandise. For example, Apple found a brilliant way to position their products for Valentine’s Day, using the slogan “Love is in the Air” to promote the iPad Air. 

And remember – about half of consumers will not be celebrating the holiday. Rather than alienating this customer segment, cater your marketing message to single people by encouraging shoppers to treat themselves. 

For example, Mac is a retailer that recognizes the power of self-love as a marketing tool. In anticipation of Valentine’s Day, the retailer sent out an email campaign encouraging shoppers to treat themselves for the holiday. 


Happy Valentine’s Day retailers! And happy selling! 

Join our beta waitlist here and in the meantime, sign up for our blog updates for more retail tips. 

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Off-Season Marketing Strategies for Retailers

Off-Season Marketing Strategies for Retailers

As a retailer, you’re bound to experience high and low seasons. 

Periods of slower sales can happen for many reasons such as natural seasonality (e.g. Halloween supplies), the weather, or competitive promotions. Whatever the reason for your slump, it’s important to view your off-season or slow periods as a potential opportunity. 

Low seasons are actually the perfect time for retailers to focus on their marketing efforts. With a little bit of creativity and planning, you can make it through your off-season with not only more new customers, but a larger base of followers to promote to. And who knows, you may even find a new revenue opportunity in the process!

Keep reading for 3 strategies that you can use to keep your retail business profitable during your slow periods.


Why an off-season marketing strategy is important

There is a common misconception that businesses should only invest in marketing during their high season. But this isn’t the case. Your slower seasons are actually the time when you need the sales lift from marketing!

In particular, an off-season marketing strategy is key to: 

  • Building local and online awareness: Knowing is half the battle. Shoppers don’t know what they’ve never seen. Marketing during the off-season gives your retail business time to build online presence and brand awareness with target shoppers. You can educate customers on what your store has to offer and how you are better than your competition. This way, once your peak season hits, you will be top-of-mind with shoppers. 
  • Minimizing your overall marketing costs: Ad spend decreases during the off-season as less competitors are bidding on ad space. This means that you can get more exposure at a lower cost versus advertising during your high season.
  • Getting ahead of your competitors: Besides getting new shoppers in your door, marketing during the off-season also gives you the opportunity to start building your own mailing lists or followers. This is particularly important as you need time to attract a following of people interested in what you offer. But by starting earlier than your competitors, you will be ahead of them by having a new list of potential shoppers that you can market directly to during your high season. 

Marketing strategies for the off-season 

When we’re talking about marketing, we are specifically talking about digital marketing. While traditional marketing has its place, for most privately owned businesses, digital marketing offers the easiest way to promote your business, especially during your off-season. After all, today’s average shopper now spends more time with digital content than traditional media.

1) Gather online customer reviews

customer reviews

Online reviews are an important part of the consumer shopping journey. In fact, 90% of shoppers read customer reviews before visiting a business. And according to Google, 2 out of 3 shoppers say having positive reviews was an important factor in selecting a business or store to purchase from. 

With so many people basing their purchasing decisions on reviews, gathering reviews should be a key marketing strategy for your business all year round. But the off-season is usually the best time to ask loyal and long term shoppers to leave a review on your Google My Business (GMB) profile, especially now that you can create a GMB shortname unique to your business. You can then use customer reviews as promotional material across all of your digital platforms including your social media and store website. By staying active online and promoting positive customer testimonials, shoppers will remember your retail business when peak season hits. 

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2) Consider paid marketing options 

google analytics

Digital marketing benefits retailers of all sizes as it is always the fastest way to cost-effectively access an incredibly targeted audience of shoppers. The advantages of digital marketing include: 

  • Fast impact: Compared to traditional marketing, paid digital marketing will make an impact much faster. Depending on the type of campaign, you can get up and running in minutes.
  • Flexible and accountable: The results of digital marketing are much easier to see so you can immediately know whether a campaign is working and make changes right away. This is a major difference from traditional marketing where your investment is a one-time deal since you can’t make changes once a flyer or a radio ad is printed or produced.
  • Lower overall cost: A well planned out digital marketing campaign can reach a targeted audience at a much lower cost (as long as $10/day) than traditional marketing methods.

Click here to learn more about the benefits of digital marketing for retailers. 

Run Google Local Inventory Ads (LIA)

Over the past several years, an increasing number of retailers have looked at running Google Local Inventory Ads (LIA) during slower periods. In Sidecar‘s 2019 Benchmark Report: Google Ads in Retail, the LIA performance of several retailers was examined. It turns out, LIA clicks grew by 16% and revenue increased 15% year-over-year.

Sephora, Canadian Tire, and Williams-Sonoma are some of the big box retailers who have seen success with Google LIA. Now for the first time ever, Local Inventory Ads are also available to independent retailers who are looking to attract local shoppers. And the best part? They are available in an automated way that doesn’t require retailers to hire new staff or keep inventory stock levels updated.

To learn how you can easily implement Google LIA together with your POS system, click here.

While Google LIA has proven to be a viable marketing strategy all year round, it is particularly effective during off-season for the following reasons: 

  • Bids are lower: As mentioned above, there are fewer competitors buying ads during off-season – which means lower ad spend is required to gain impressions. 
  • Marketing costs are minimized: LIA only showcases in-stock product and will automatically turn off when stock runs out, reducing your marketing costs. 
  • Get in front of local shoppers who are actually looking to purchase your products: Google LIA displays in-stock product to shoppers within a certain Km radius (you have full control over the geographical range) who are actually searching for products that your store sells.

3) Promote your business on social media 

With the rise in social media and e-commerce, shoppers are closer than ever to retail businesses. Not only do you have a way to directly showcase your products and store, you can now build up your list of followers for personalized offers.

While websites are still a great way to offer a “digital window” into your store, with the rise in social commerce (e.g. Facebook Shops, Instagram Shopping, etc.), it’s very important for retail stores to be active on social media.

Check out these 6 tips to help you grow your social following more quickly during your low season:

  1. Pick no more than 1 or 2 social media platforms to avoid spreading yourself too thin. Just make sure you’re picking ones your target customers commonly use. See how the various social media platforms differ.
  2. Make sure you have a verified Google My Business (GMB) account and are active on it. GMB is one of the best free online marketing tools available for small businesses today. Not only does GMB help local shoppers find you on Google Maps, it has options for you to post content (e.g. special offers or events) which improves your SEO.
  3. Improve your content design with cost-effective graphic tools. You don’t need to be a designer to use drag-and-drop tools such as Canva that even have free versions.
  4. Use original images for the best results as these rank better on SEO.
  5. Don’t forget to include the links to your social media accounts on email signatures, invoices, receipts, ads and on any window displays.
  6. Clearly display your social media links at the cash register and train your staff to encourage shoppers to sign up for special offers while they are waiting.

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Holiday 2019 Retail Stock Photos

Holiday 2019 Retail Stock Photos

It’s the busiest time of the year for retailers! So, to help you save time, our team has created a collection of beautiful, high quality holiday stock photos. 

All images are free for commercial use, no attribution required. 

You can download them here. 


#holidayimages #stockphotos #royaltyfree #holidaystockimages

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Tips for Increasing Store Sales During the Holidays

Tips for Increasing Store Sales During the Holidays

The holidays are here and this year, shoppers are planning to spend $1,048 on average.

Seeing as the Christmas season is the largest shopping event of the year, the stakes are high for retailers. And while there may not be a one-size fits all approach to achieving holiday retail success, there are tried and tested strategies that will help steer you in the right direction.

We’ve put together a list of time-honored tips to guide you through the Christmas retail rush so you can boost your store sales and have a successful holiday season.

Check them out below!

How to Increase your Store Sales this Holiday Season 

Create Compelling Window Displays

This year, an estimated 36% of shoppers will be getting their holiday shopping inspiration from physical retail stores. Take advantage of this insight by creating an eye-catching window display. 

Not only does a unique and compelling holiday window display help you stand out from competitors, it also drives foot traffic. In fact, window displays act as a silent salesperson or a billboard for your retail business – they entice passersby and nearby shoppers to enter your store. The right window display will turn the heads of shoppers so your sales associates can close the sale.

Good lighting, bold shapes and colours, and creativity are all essential elements of a compelling window display. Incorporate your merchandise into the display by focusing on how it makes the perfect gift for a loved one, how your products are ideal decorations for a Christmas party, or how your clothing would be great to wear at the office holiday party etc.

Harry Rose holiday window display
Harry Rosen is a great example of a retailer that created a compelling holiday window display.

Offer Free Gift Wrapping

Offering gift wrapping services is a great way to earn customer loyalty. Convenience is a big selling point during the holidays and shoppers always appreciate businesses that can help them save time and effort.

Free gift wrapping can even act as a competitive advantage for your retail store. Shoppers will be compelled to buy from you instead of your competitors. And in may cases, they will see your store as the perfect place to go for last minute gift shopping. 

It’s a good to idea to pre-wrap certain quantities of popular merchandise. Also, consider displaying smaller gift baskets at checkout so shoppers can easily add to their orders. 

Offer free gift wrapping services

Run Promotions 

According to an article by Mckinsey & Company, larger retailers like Target, Best Buy, and Kohl’s were big winners during the holiday season. And they derived their success from a string of big promotional days

You may worry that offering promotions throughout the holiday season will eat at your margins, but an increase in traffic and sales will most likely make up for it. Offering numerous promotions throughout the month of December is a good way to build hype and keep customers coming back. 

Here are some things to keep in mind: 

  • Offer big discounts (30%-50%) throughout the month: if you sell big brand or well known merchandise, this strategy will work especially well for you. 
  • Offer BOGO deals: studies have shown that offering something for free is oftentimes more effective than a discount. 
  • Have exclusive offers for VIP customers: This gives you more control over your margins and at the same time, allows you to build a loyal customer base. 

Remember to make use of social media and email marketing to advertise your promotions! It’s always a good idea to put up sales signage (banners, decals, window signs) so that nearby shoppers can become aware of your discounts.  

holiday sales

Buy Online, Pick Up in Store (BOPUS) 

Mckinsey & Company states that “click-and-collect was a competitive advantage for brick-and-mortar retailers” during the 2018 holiday season. Rather than relying on Amazon, last minute Christmas shoppers depended upon brick and mortar retailers as well as the popular option of buying items online and picking them up in-store. 

While a BOPUS strategy provides shoppers with a ton of convenience and flexibility, it comes with it’s fair share of benefits for retailers too, including: 

  • Increased rates of impulse purchases 
  • Lower return rates
  • More foot traffic 
  • Decreased shipping costs
  • Satisfied and loyal shoppers

For retailers who do not have an e-commerce site, Google Local Inventory ads are a great way to drive shoppers to your store with BOPUS offers. Click here to find out how your retail business can easily implement Google LIAs. 

holiday shopping

Google Local Inventory Ads (LIA)  

During the days that lead up to Christmas,  Google searches with local intent increase. This is likely due to the fact that shoppers are reluctant to depend on online retailers/shipping and would rather go in-store to purchase gifts. 

Running Google Local Inventory Ads is a great way to target these local, last minute holiday shoppers. Google LIAs are also effective at reaching mobile shoppers – this holiday season, 73% of shoppers plan on using their smartphone or tablet to conduct product research or make a purchase

In fact, LIAs are a great way to drive local shoppers to your store year round. To learn more about Google LIAs, click here.

Local shoppers

Happy holidays and happy selling!

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Loss Leader Pricing in Retail

Loss Leader Pricing in Retail

What is Loss Leader Pricing?

Loss leaders in retail are items or merchandise that are offered either at a significant discount, at minimum profit margin, or sometimes even below cost to entice shoppers to make a purchase.

This pricing strategy has been used by many big box retailers and discount stores to encourage impulse buys and has been met with great success.

Simply put, the intention behind this marketing tactic is to bring shoppers in-store and once they’re there, encourage purchases of higher margin items to make up for the profit lost on loss leaders.

Examples of Loss Leader Pricing

You have probably encountered loss leader pricing more often than you would think while shopping. Can you think of a sale that seemed too good to be true? Your local grocery store may have been selling eggs at a steep discount or your favorite clothing brand may have sent you an email advertising their sweaters at a ridiculously low price point. 

These deals may have you thinking “there’s no way that the retailer is making any money on these items”. And in most cases, you’re right! Let’s take a look at some common examples of loss leader pricing in retail. 

1) Grocery Store Staples 

Grocery store staples such as milk, meat, and eggs work really well as loss leaders. Because they are regularly bought commodities, discounts and low prices are sure to attract shoppers. These items are strategically placed at the back of the grocery store to promote impulse purchases. Because shoppers have to walk to the very back of the store to purchase these staple goods, it is likely that they will be enticed to purchase other items as well. 

milk as a loss leader

2) Printers 

Printers are also commonly used as loss leaders to encourage shoppers to purchase complementary items like ink and printer paper. While printers are often sold at or below cost, the price of ink is extremely high. Loss leader pricing is used to get shoppers to purchase the printer, and create the demand for ink which again, is relatively expensive. 

printers as loss leaders

3) Gaming Consoles 

While the price of gaming consoles may seem high, they are actually sold at or below cost. For example, Microsoft Xbox gaming consoles are strategically sold below cost to encourage consumers to buy higher margin video games.  

gaming consoles as loss leaders

The Pros and Cons of Loss Leaders

Advantages:

1) Sell Slow Moving Inventory

If you have a slow moving or overstocked inventory item, choosing to price it as a loss leader can help you move it faster. This will result in more shelf space, less inventory, and an increase in cash flow. 

2) Promote Complementary Items

Strategically choosing your loss leaders can help you increase sales of other items in your store. For example, let’s say you’re looking to increase the sale of a certain brand of women’s razor blades. In this case, you would price the associated razor as a loss leader. Once consumers buy the razor that complements those razor blades, they’ll have to come back to purchase the blades as well (which you can choose to sell at a higher margin). 

Disadvantages:

1) May Hurt Your Brand Perception

Drastically discounting items can affect how consumers view your brand. Many shoppers associate lower prices with poor product quality. And overusing loss leader pricing can give consumers the wrong perception of your retail store. Remember people want high quality merchandise at good price points, not garbage.

2) You can Lose Money

There is risk associated with loss leader pricing – which is why you must closely monitor sales of complementary products and of the loss leaders themselves. There is a chance that customers will only purchase the loss leader itself in high quantities. Meaning lower or no sales of complementary, high margin items which results in less profit for your store overall.


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