5 Tips for Better Retail Outlet Revenue
The purpose of setting up a retail store in the age of ecommerce is to build brand awareness and attract more customers. Apart from attracting new customers, a retail outlet can help build customer loyalty and thus, increase your retail business revenue.
Here are 5 ways you can use your retail outlet to boost revenue:
- Customer loyalty programme
- Catch the eye and curiosity of passersby
- Keep your team’s morale high
- Product placement
- Order online, pick up at outlet
Customer Loyalty Programme
You may already have a customer loyalty programme in place for your ecommerce store and you should try to extend that loyalty programme to walk in customers. This way, you get to build a regular walk-in and online customer base.
Catch The Eye Of Your Customer
Display promotional banners, best selling products and exciting new items that are trending in an eye-catching way for passersby to see and refresh from time to time. This way, passersby are treated with new offers and interesting new products that attract them to explore your retail store.
Keep Team’s Morale Up
Ensure that your retail outlet staff have good product knowledge so that they can recommend your customers to products that will suit their needs and wants. Thus, providing a personalized shopping experience for your customers, which most enjoy, and at the same time, increase bill sizes.
Product Placement
After attracting customers into your retail outlet, product placement is key to help boost your retail outlet’s sales. By nailing product placement, you will make it more likely that customers will buy more of your products.
Getting a retail POS system
By getting a retail POS system like MEGAPOS has features retail businesses like yours need to manage their single or multiple outlets with ease, you are able to streamline your retail operations to focus more on selling more.
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