Retail Marketing - Tips to Promote a Retail Brand
The mechanism of selling products in small quantities from fixed locations to the customers for their end use is called as retailing.
In the current scenario where the end-user has several options to rely on, it is essential that the retailer promotes his brand well amongst the masses.
Let us go through some tips to promote a retail brand well:
Signboards go a long way in creating brand awareness and promoting a particular brand.
- The signage must display the name as well as logo of the retail store.
- It must be installed at the right place visible to all even from a distance.
- It should not be very small. Small signages fail to attract the customers.
- Choose the right paint colour.
- Dont add unnecessary information. Keep it simple but informative.
- Make sure the signage attracts the customers into the store.
- Choose the right theme.
Advertising is a strong medium which influences the buying decision of the customer and prompts him to shop. The retailer must ensure to communicate the USPs of his brand to the target customers well through various modes of advertising. The advertisement must be eye-catching for the end-users to click on them.
Various ways of Advertising
Billboard is one of the best ways of out of home advertising.
Out of home advertising refers to creating awareness amongst the individuals when they are out of their homes.
- Install hoardings, banners, bill boards at strategic locations such as heavy traffic areas, major crossings, railway stations, bus stands etc to entice the customers. The retailer must ensure that the banners get noticed and bring results.
- Newspapers, Television and radio are also effective ways to promote a brand. Television reaches a wider audience and makes the store popular amongst all.
- The advertisement should be a visual treat, appeal the customers and prompt them to visit the store.
- Coupons are an effective way of promoting a brand as they offer some kind of financial benefit to the customers in the form of discounts and rebates and thus attracting them into the store.
- Coupons help in furthering the brand image of the retail store without much investment.
- More and more people visit the stores to redeem the coupons, thus making the brand popular.
- Discounts, sale, rebates are good ways to promote a brand.
- Private label is an effective way to promote ones brand at low costs.
- Products manufactured by one company but sold under another companys brand name are called Private Label Products.
- Create your own website.
- Print your own calendars, diaries, planners, table tops with your stores name, address as well as logo. Such an activity creates awareness among individuals.
- Always keep your visiting cards handy and distribute them to as many people as you can.
- In the current scenario, social networking sites go a long way in promoting brands. Create communities and invite people to join the same.
- Customer loyalty programs help to retain customers and attract new individuals to the store.
- Create a positive ambience at the store. Nothing works better than customer satisfaction in the retail industry. One satisfied customer brings ten new customers along with him.
|Search Management Study Guide