Sales Staggering? Might be Time to Consider Experiential Marketing

In the CPG industry, experiential marketing is not a foreign term. The concept of letting a customer try before they buy is not new, and brands across the country are taking advantage of the benefits that an experiential marketing campaign can bring to a merchandising plan. But why does experiential marketing work? How is it that giving your customers the chance to test a product in-store actually leads to profit and what impact do these campaigns have long term?

When a customer enters a store with a shopping list, chances are good that they will add additional items if prompted. This is one of the main reasons that experiential marketing works. This works especially well when products are featured together. For example, if you are promoting a new pasta sauce, make sure to serve it with another product offered by your brand (pasta, spices, etc.). 

Experiential marketing is great for brand and customer loyalty. The emotional relationship that is formed through a taste sampling works to keep customers coming back for the same product. There is a lot to be said for memory, and when a customer can link a positive experience (the experiential marketing event) with a product, they will continue to purchase that product.

When combined with a promotion (ie. a coupon or a sale), experiential marketing becomes even more effective. Everyone loves a sale, and so being able to try a product and then purchase it at a discount is incredibly appealing.

A good experiential marketing campaign gets people talking. A regular trip to the grocery store doesn’t often stir up much excitement. Instead, leveraging an event that catches peoples’ attention can lead to word-of-mouth advertising. And they are not just talking about the event – they are talking about the product.

Another key benefit of experiential marketing is the research potential it represents. With the right staff, you can easily identify your target market through a campaign. Asking customers what they think about a product after a demonstration or tasting can garner valuable feedback to be used in the future.

Experiential marketing doesn’t have to be difficult, but it does have to be right. Individuals staffing the event need to be knowledgeable about the product, as well as energetic and outgoing enough to get customers to stop. Location is important, as is timing. The right merchandising company, one that specializes in experiential marketing campaigns, is a smart place to start to get your campaign up and running. They can handle everything and you can be sure that the campaign is used to its greatest potential.

For more information about why experiential marketing works, or to get a campaign going, please contact Storesupport by calling 1-877-421-5081 or visit us online at www.storesupport.ca.

Retail Marketing Trends - Can You Keep Up?

The retail industry, especially the CPG industry, has never been a place where the phrase “set it and forget it” applies. Continuous change requires strategy in order to keep up. We are more than halfway through 2013 and in order to keep you up-to-date we thought it time to give you some advice on how to stay current.

Here is our list of the top retail marketing trends as we continue into the latter part of 2013.

Power of a physical presence – just as online shopping has had an impact on bricks and mortar locations, many online-only retailers are recognizing the power of a physical presence and setting up shop as a result. This necessitates the demand for retailers to maintain a high level of customer service in-store and well as the need for innovative customer attention-grabbing maneuvers.

Generational marketing – retailers need to be cognizant of the gaps that exist between generations. As baby boomers, society’s largest group, age, their needs change, and so too does the need to market to them specifically. Don’t rely solely on things like social media or mobile marketing – these tactics are often lost on this group. (But don’t ignore them either – they are critical!)

Cost-cutting measures – employee cutbacks are no longer the most intelligent business practice as far as cutting costs. Retailers looking to bring overhead down need to appreciate the impact that getting rid of employees can have on the bottom line. Too few employees in-store can mean shelves are not being stocked efficiently, line ups are far too long, and customers are not getting the assistance they need/want. Instead of hiring and firing as the market dictates, consider working with a merchandising company that can offer staffing support only when needed and avoid the additional costs that accompany this seasonal output.

Print is here to stay – printed advertisements and displays still remain a very powerful vehicle on the road to customer attraction. But remember, if a display is static, regulars will forget it, and it loses its power altogether.  Constant change with regard to displays and planograms is critical in order to stay in the game.

So how can you achieve your goals by employing these trends to your advantage without having to increase greatly the time spent on them? Find a merchandising company that offers a suite of services which includes the things outlined here. That way you can be sure that trends are being followed correctly.

For more information about retail marketing trends for 2013 or to find out how a merchandising company can help you harness their power please contact Storesupport by calling 1-877-421-5081.

ARE YOU LOOKING FOR A FLEXIBLE PART TIME RETAIL JOB?

Storesupport canada is offering a fantastic opportunity to work inside some of Canada’s largest retailers.

Become a Storesupport General Retail Consultant!

There are limited positions that must be filled immediately.

If you are a self-motivated, highly efficient & independent person please apply for one of these positions that are located in Mississauga, Aurora, Oakville, Port Perry, Campbellford and Woodbridge.

Main Responsibilities include:

 

1. Retail Merchandising and shelf stock integrity

2. General work with a retail store environment

3. Maintaining a professional demeanor with the public and store personnel when performing your duties

Position Requirements include:
1.   High School Diploma/GED required
2.   WHMIS (Workplace Hazardous Materials Info System) – If you are not currently certified you will be required to obtain WHMIS certification through Storesupport Canada before you start.
3.   You may be required to lift 15lbs and occasionally up to 50lbs

Please email your resume to bonnie.yhip@storesupport.ca

Building Brand Loyalty – Are You Targeting the RIGHT Consumer?

One of the biggest issues that retailers face, especially in today’s mobilizing marketplace, it building brand loyalty and retaining loyal customers.  After all, if a customer can find a better deal, or doesn’t feel as though their needs are being met, they will quickly switch to one of your competitors. In this blog we offer our top 3 steps to building and ensuring brand loyalty. The market is changing constantly, so you need to be focussed on continually updating your strategies.

3 steps to building brand loyalty:

Step 1: Make sure that you are targeting the right consumers. A major hurdle in the Canadian CPG industry is dealing with the generational gap. All consumers are not the same – their wants and needs differ greatly – so if you treat them all the same none of them will be completely satisfied. Instead, you need to cater to the differences. Younger generations are often more receptive to experiential marketing or digital marketing, whereas older generations are often more responsive to coupons and promotions. Don’t ever discount one for the other.

Step 2: Make sure that these consumers are engaged. This can be accomplished a number of different ways (and can be used to market to ALL consumers). Firstly, make sure that customers are receiving the right support (re: finding items that are not on the shelf) and answers to their questions. Secondly, employ an experiential marketing campaign to attract attention, especially when promoting a new product. These things will help establish an emotional connection with your brand. These tactics will also help with brand recognition and boost sales.

Step 3: Make sure that these consumers are experiencing a high level of customer service. Brand loyalty is built upon a foundation of solid customer experience, so if your customers leave your store unsatisfied with the level of service they have received, chances are pretty good that they won’t be returning for seconds. Don’t let long line ups or idle employees cause a decrease in customer experience levels.

A great tactic to adopt when facing stagnant levels of brand loyalty is to leverage the services of a merchandising company to garner a boost. By employing their methods for success, an experienced merchandising company can examine problem areas, suggest changes that will have big impacts, and implement the adjustments smoothly.

For more information about building brand loyalty, please contact Storesupport today by calling 1-877-421-5081 or visit us online at www.storesupport.ca.

Online vs. Bricks and Mortar – Visual Merchandising Plan to Battle Competition

It is common knowledge in the retail industry that online shopping is a major competitor for bricks and mortar stores. The ability to price compare and buy online has steadily risen in popularity over the last few years, to the point that many retailers have felt the need to compete through the development and establishment of their own online stores. However, it seems as though the competition is not as stiff as originally predicted – and the expectation that online shopping would lead to the inevitable death of the retail location have not panned out. Canadian customers are still shopping at bricks and mortar locations.

According to research done by global information company The NPD Group, only 4% of all Canadian transactions were made online in 2012 – and this is an increase of 0.5% from 2011. Broken down, NPD reported that approximately 7 online purchases were made by the average Canadian household in 2012, compared to over 150 trips to traditional bricks and mortar stores (3-4 visits per week).

There are many reasons for this staunch refusal by consumers to let online shopping dictate the market – the most important reason being the experience that cannot be had by shopping online. Recognizing this, retailers have started to realize the importance that lies in visual merchandising and how it has to change in order to continue to compete.

As a bricks and mortar store, having a visual merchandising plan in place is crucial to maintain the leverage over online retailers. Consumers like to be able to enter a retail location and visually take in what they cannot over the internet. This includes things like planograms, signage and displays – all of which need to be executed properly (one of the main functions of a merchandising company) to attract customers.

Other factors contribute as well, including a high level of customer experience and interaction – so make sure that when customers leave your store they feel satisfied. This will help safeguard customer loyalty and retention.

Although online shopping has not killed the bricks and mortar store it has resulted in the need to evolve and adapt.  A strong visual merchandising plan is essential in this adaptation, and so make sure that you employ a merchandising company to help ensure that the online competition that does exist does not take over.

For more information about how to ramp up your visual merchandising plan to further battle the competition of online retailers, please contact Storesupport today by calling 1-877-421-5081.

How Canadian Merchandising Companies Can Solve Your Customer Experience Woes

Customer experience is a complex entity, summed up by the total interaction a client has with your brand. This can include any form of marketing (print/media advertising) and customer service in-store and online. A focus on customer experience needs to play a major role in any company’s (both retailers and brands) plan for success.

Don’t just take our word for it. A recent Business Insider article looked at one of the most profitable companies worldwide, examining why it continues to make a profit year in and year out. The conclusion: a long term focus on customer experience has led to a strong brand reputation and exceptional customer loyalty, and this has equaled major annual profits.

The articles states: “building the desired customer experience requires tools such as (but not limited to) research, operations, brand management, marketing and employee engagement.” You cannot exchange one for the other – you need to maintain a high level with each aspect of the equation.

How can merchandising companies help you raise the bar for customer experience? In various ways. 

Brands: Think about brand management. What approach do you take to ensuring your brand is perceived well? If you are too focused on short term, the long term will suffer. And how can you determine what this perception is? Merchandising companies can help you best understand the customer experience through tools such as mystery shopping (to better gauge the level of a retailer’s employee engagement and knowledge) or quality assurance audits.

Retailers: Employees play a big part in this production. When a customer enters your store, they should feel as though their business is appreciated. We are not suggesting you speak to each person individually, but if a customer has questions about a product or can’t find a product, your employees should be there to offer assistance. In peak seasons, the level of customer experience can be impacted negatively by this, and so merchandising companies can help you maintain high levels of customer satisfaction by providing highly-trained, experienced people support to fill in the gaps.

When you look towards the future of your company, it should be with a long term lens – and the best way to achieve the goals you establish in the process is with an ironclad customer experience policy and by taking advantage of the services of a well-reputed and experienced merchandising company.

For more information about how merchandising companies can assist you with a powerful, long term customer experience plan, please contact Storesupport today by calling 1-877-421-5081.

Source: http://www.businessinsider.com/why-amazon-is-one-of-the-most-successful-companies-in-the-world-2012-12

Bridging the Marketing Gap: Retail Merchandising in an Ever-Changing Marketplace

Last week we talked about how important it is with the rise of mobile e-commerce to ramp up your retail merchandising campaigns to deal with the competition this creates. The rise of mobile e-commerce is just one example of how vital it is to leverage different types of merchandising to attract different customers.  

Here are just a few examples of this cross-sectional marketing and how a retail merchandising company can help you maintain it.

How you merchandise:

Print: displays, planograms, etc. These are one of the most important parts of any merchandising plan. When a consumer enters a store, the displays and planograms often play the largest role in attracting their attention. Whether you rely on stand-up display shelves, floor decals or shelving signs as a segment of your retail merchandising plan, these need to be carried out and maintained appropriately. A retail merchandising company can not only set them up according to your designs, they will also return to make sure that they are being used properly.

Coupons and promotions: Many consumers are attracted to coupons and promotions – so making use of them is key. This is especially crucial when releasing a new product. You need to leverage this type of retail merchandising in order to attract this crowd. Again, a retail merchandising company can help by providing people support to distribute coupons or ensure that coupon dispensers are installed correctly.

Interactive: experiential marketing. Another effective retail marketing strategy is through taste tests or product trials. Research shows that those consumers who are given the chance to sample a product are more inclined to purchase. By leveraging and implementing an experiential marketing campaign you can harness the power inherent in this consumer group.

Who you merchandise to:

Generational gaps and catering too much to one generational group while largely ignoring the other can wreak havoc in the retail industry. For example, if you rely solely on mobile marketing you are ignoring the entire generation that this does not tailor to. Conversely, if you are just using print marketing, those consumers who see mobile or computerized displays as the way of the future may be lost.

When you set out to design your retail merchandising plan, make sure that all bases are covered. Don’t discount one group for another. Employ a retail merchandising company to guarantee that all targets are marketed to.

For more information about how to ensure that your retail merchandising strategy encompasses a variety of different marketing schemes please contact Storesupport by calling 1-877-421-5081.