Showing posts with label events. Show all posts
Showing posts with label events. Show all posts

Friday, 30 October 2015

Read about different ways of creating brand advocacy

This is a follow up to my last blog entry (see http://mytimeinretail.blogspot.com/2015/10/see-how-converting-loyal-customers-into.html) where I looked at converting customers into loyal customers and then into brand advocates. Today's blog is concerned with different strategies for enacting this conversion. There are many different ways of doing this, and as a retailer you will have to find your own way but I'll look at some examples. It's all about creating that relationship with your customers that transform the way they feel about you and how they shop with you.



Loyalty schemes
These have become more abundant in all forms of retail after the success of the Tesco Clubcard. Every coffee shop, large and small, will give you a free coffee after you buy 6 or 8 or 10 with them. But for me, a loyalty scheme should be about more than just trying to twist someone's arm to come back. Loyalty is one thing, but were looking at brand advocacy as the target here. The next step is to offer your loyal customers something that other customers can get. This can be one-off products that the rest of your customers can't buy, invites to exclusive events, the first chance to see new products or another exclusive that only your very best customers can get hold of. These customers will talk positively about you and some will become advocates.

Events
As I've mentioned above, having an event that gives exclusive content to your best customers creates brand advocacy. A new product launch, products that you just can't get anywhere else or additional benefits to chosen customers promotes advocacy. If you have a guest list of certain customers that gain access to these feature then you're creating the next level of customer. If your best customers get a free cup of tea, a personal shopper, somewhere to store their shopping whilst they browse or extended guarantees as a set of examples then they are more likely to return and to tell their friends,

Exclusives
As unintelligent retailers compete more on price and race to the bottom, the intelligent ones are looking onwards and upwards. Exclusives is a huge area to build your advantage over the competition. If you can sell something that no one else sells then the customers of that product will come to you. Of course this means that your sourcing of the product needs to become a focus. Either it's products you make yourself or you need to have an exclusivity conversation with your supplier. Having an exclusive could mean


  • a short-term exclusive (for the first month)
  • a different design or packaging of an existing product
  • a different size to what is available elsewhere

If you then add a high level of customer service, an event or a loyalty scheme to add to your exclusive then you're heading down the road towards brand advocacy.


Tuesday, 6 October 2015

See how a diary of events can help you to plan for next year

I've been around and about shops over the last few weeks and there's a lot of shops trying to make the most of things in what's traditionally a bit of a lull between Back To School and Christmas.

There's a lot of retailers stocking rugby-related products with the World Cup being played presently. I shopped in Durham today and there's an ancillary Back To Uni trade here, as in many university towns and cities. And it's these events that I think can make the difference for independent retailers. I think that keeping a diary of events and how they affect your trade and your team can make a huge effect in how you react to these events in the future.



Planning a broad outline of the events and mini-events of the year will provide you with a framework of the year. You will need to ensure that you have prepared something to reflect these events - extra staff, stock that matches the event, dressing up the store, etc.

You'll need to take account of-


  • Easter
  • Christmas
  • Hallowe'en
  • Back to school
  • Back to university
  • New Year
  • Mother's Day
  • Father's Day
  • Sports events (World Cups, Olympics, Wimbledon, etc)
  • Valentines day
  • Pay day weekends
  • Local events

It's by having this set up and making notes of how it all affected you (including notes of what you did differently) that will give you a framework for these events next year.

You can try different things when approaching these events. There are many options, including-


  • Changing opening hours
  • Bringing more staff in
  • Staging an in-store event
  • Sending out email reminders to your mailing list
  • Giving extra loyalty points or coinciding a sale with the event

It's by trying these different things and having notes to refer back to that you will start to build a picture of what works.

NOT EVERYTHING CAN BE BOUGHT ON THE HIGH STREET


Friday, 27 February 2015

Get totally behind your promotions to make them successful

Retailers of all shapes and sizes run promotions at different stages. For the likes of Tesco and Boots it's a massive part of their to have a 3 for 2 or Half Price promotion. So why, as I make my way around retail outlets, are the so many half-hearted promotions out there? Why do retailers think up what they must believe is a good offer and then not make it look full? Interesting? Appealing? Worthy of a second look?

Customers can spot these half-hearted promotions from a mile off, so why do we do it? What are we trying to achieve by it? Where do we go from here?

Lots of questions asked, so I suppose now it's time to back this up with some answers. There are several trains why retailers have these half-hearted promotions. One is a disjointed structure where, in large retailers, the store staff dong perhaps understand or buy in to what promotion the head office marketing department are trying to push. I've looked at involving each side in decision making in an earlier blog-

http://mytimeinretail.blogspot.com/2015/02/opinion-even-fact-can-be-best-judged-by.html

And the relationship between stores and head office here-

http://mytimeinretail.blogspot.com/2015/01/when-head-office-tail-wags-dog.html

And in addition to this, communication is absolutely key. If a marketing campaign is sent out to stores with a cover sheet explaining what the promotion is about, why it is being run and what is expected from the stores then it will undoubtedly get a better response than the one that doesn't have this. And, if resources permit, a telephone call to discuss this would turn the success level up even further.

Another reason is just laziness. Again, I've experienced this in large national retailers where the team filling a promotional section know that they will also be the team taking it off when it ends. So they don't fill it right up, it doesn't look appealing, it doesn't sell as well as expected and the team feel less inclined to get behind the next promotion. It's down to the team leaders to monitor this and police it. Once you've set the standards with your team then they will follow and get behind these promotions. Being in control of this and enthusing your team will aid the success of all promotions and team spirit.

To add to this, I'd say that if you are a single outlet or other small retailer that your promotions need to be considered. Just putting on a promotion because "we always have one now" or because "it fits into our promotions planner" isn't a very good reason. Having a promotion because "it's launching a great new product" or because "we have a great offer that out customers will buy into" are really good reasons. Thinking about Boots again, their promotions on skincare and shampoos are great but they seem to follow a schedule where they regularly have promotions on their healthcare department. I don't think that offers on eye drops or fungal nail treatments is going to create queues at their front door. The promotion needs to create excitement, even anticipation to get customers through your door and repeatedly coming back.

If you take a of these factors into account and put them together to create promotions that are well-stocked, look great, and well-thought-out and have a buy in from both staff and customers then this will give your business a real boost.

Not everything can be bought on the High Street