‘Promotion’

Merchandising 101: 5 Tips for Presenting Products So They Sell

You have an attractive store, a winning merchandising logo, and products that can’t be beat. Why, then, isn’t anyone buying? It may be your merchandising. Merchandising is the art of displaying products in a way that interests and entices customers. Here are the five golden rules of merchandising the small business.
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It is possible to make the case that as an advertising message, “excellent customer service” has become a waste of time/ink. Everybody claims to adore their customers more than any competitor. People know it’s their credit card/checkbook that is adored.

Touting customer service as a differentiating factor is reminiscent of the 1950s, when offices and shops were just beginning to install air conditioning. Many advertised this fact with “It’s Cool Inside” door stickers and even in their ads. Today, advertising that you have an air conditioned facility is somewhat like announcing that you have “flat floors” or “adequate lighting.”

At the same time, there is far more to customer relationships than just promising to “care more” than your competition. “Defy conventional wisdom,” says Frances Frei, associate professor at the Harvard Business School. When you apply her insights to your business, you may come up with new ways of leveraging customer value. For example, learn how an insurance company quickly weeds out high-risk customers who end up denting their bottom line. Sounds implausible, but it just may be possible you don’t want to sign up every customer who lurches through your door!

Although consumers in general plan to spend less this holiday, online shopping is still growing. If you are running an e-commerce store, this is the busiest and most competitive time of the year so you should be more aggressive to increase your sales.

Although there are many Internet marketing strategies and tactics today, email marketing logos continues to be an effective and cost-efficient strong weapon of choice. According to Direct Marketing Association, “For every dollar spent on email marketing in 2007, marketers can expect an estimated $48.29 ROI. Without a doubt, email marketing achieves the greatest ROI of all marketing channels we look at.”

Another statistics from Shop.org shows that email delivers sales at an average cost per order of less than $7, compared to $71.89 for banner ads, $26.75 for paid search and $17.47 for affiliate programs.

Here are 2 clever ways to use email marketing this holiday season:

1. Suggest a gift. Offer gift ideas and packages specific to a person like dad, mom, friend, lover, brothers or sisters. This will make shopping a lot easier for many of your customers.
2. Offer Christmas deals. Most consumers are in the mood for shopping these days so why not offer a promo they simply can’t resist? This will encourage them to buy more in return for a small concession like incremental discounts (example: 10% for purchase above $100, 15% for above $200, etc.)

As the web becomes more and more a part of both our personal and business lives, business people and marketing professionals have turned towards web surveys to do research, plan projects, get feedback and develop new products and services. The emergence of excellent web survey applications, complete with wizards to make creation fast and simple, templates to ensure attractive designs, and full suites of reports and statistical analysis, make this method of interacting with your customers very attractive and extremely cost effective. (more…)

If you think selling over the phone is easier than face-to-face selling, maybe it’s time for you to think again. Phone selling is very challenging given the high level of mistrust of many consumers and the lack of physical contact to gauge the openness of your customers. If this type of selling is vital to your business, you should consider the following tips:

1. Establish relationship in less than 10 seconds. Since you can’t convey your message with a good body language, you will have to rely entirely on your friendly tone and charming personality to forge a relationship. Make your approach more casual so your customers won’t know you’re reading a script.
2. Keep it short and sweet. Don’t bore your prospects with details by focusing on the key benefits of your product, the main message you want to tell, and some personal positive experiences from other customers.
3. Plan your calls. Segment each call if it’s a prospect, cold call, close, follow up, or existing customers. Each segment needs different approach and phone selling tactic.
4. Follow up. Don’t expect to make a sale after just one selling session. It takes time and persistence to win a customer. Remember, you’re not the only one pursuing that customer so take time to call again on the date agreed by both parties.