customer experience, discounting, merchandising, omnichannel, story telling

Damn, This Traffic Jam

Is it ever easy to identify the source of customers?  More sales channels + more marketing channels=less clarity. Where should we invest? How should we invest? What is the route to a unique location with a clear benefit for the customer. The journey will be multifaceted, but each aspect needs to clearly direct the traveler. All methods of transportation (print, digital and physical) need to send the same signals to reaffirm the story of the brand.  The clear message is the customer wants to be reached how they want to be reached…which can be different every day.  Something in the mail, a tease in social media, inspiration from a visual presentation online or in person…all of these play into decision making.

street lights
Photo by Jose Francisco Fernandez Saura on Pexels.com

Digital sign posts are the newest tools in driving traffic.  Much is to be learned there. Flashing an image of an item viewed on a site in future content feeds for weeks is not effective.  If a product was researched more than a week ago, the selection has been made, the transaction has been completed, and the customer has moved on.  Boring customers with redundancy does not maximize the fluidity of digital, print or physical marketing and merchandising.  The challenge is the combination of logic and magic.  Always has been…catching the eye of the very busy consumer in the best way for them.  Collisions of billboards(pop up ads in content), horns (social media ads) and vehicles (emails)  based on redundant images and price wars are not getting it done.  Refresh and delight.

Thank you, James Taylor!  https://www.streetdirectory.com/lyricadvisor/song/ppwlpw/traffic_jam/

 

 

 

 

 

customer experience, demand, discounting, marketing, profit margin

The Price is Right or Is It?

notebook with dollar sign outline
Photo by rawpixel.com on Pexels.com

With easy access to comparable prices frequently in one’s pocket, the sport of paying as little as possible for products has become all consuming.  Add to that the constant inundation of email with coupon discounts, direct mail with coupon discounts, sites dedicated to accumulating discount coupons (and tracking behavior) and there is a free for all on the selling floor, a real FOMO on the rock bottom price. The marketing tool box is centered around wrenching prices vs. building and reinforcing a brand.

While this was in full swing during the holiday season, retail businesses were reaching the finish line in that race to the bottom.  Stores simply packed up and disappeared between Christmas and New Years leaving gaping holes in malls throughout the US.  The disappearing continues.

You get what you pay for.  And you pay for what you value.  If your customer doesn’t want to pay enough for a product to keep a business viable, natural selection goes to work and the business is “Darwined” out of existence.   Produce something unique.  Tell a compelling story.  Do your homework and find your audience.  And make sure the price is right to produce a sustainable profit or don’t get into business.

https://gfycat.com/gifs/detail/assuredspottedcats