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Is your store getting way fewer customers than usual?
Despite the on-going pandemic, businesses are growing slowly but surely around the world. They learned to be creative with their business models to be more profitable. If you don’t want to get left behind, you also need to adapt to these new changes.
Why don’t you take the chance to redesign your marketing style? It’s for the future of your business going forward. Let’s talk about what is visual merchandising and how it’s going to help your retail business.
What is Visual Merchandising?
This is the art of displaying your products and/or services in the most visually appealing way possible. It engages the attention of your customers in a way that can skyrocket your profits.
A visual merchandiser knows the inner workings of the mind of their target customers. They can use that to create a first good impression and enhance the shopping experience. It helps your business to keep up and even stand out above your competitors.
Benefits of Visual Merchandising
There are millions of other businesses out there like yours. To get their interest, you need VM to cut through the noise and get more exposure for your business.
Encourage them to ‘look around’ your store with pleasing visual aesthetics. It speeds up the purchasing decision and brings in bigger sales immediately. This also creates a positive reaction that influences customer buying behavior before and after the purchase.
Most Common VM Techniques
Windows displays are one of the cheapest but effective VM strategies. It’s how your customers will determine their first impression of your business. If you don’t make it dynamic and memorable, they will only pass by your store.
There are customers who hate salespeople and rather not deal with them altogether. The interactive display is a great way to learn and experience your products to not scare them away.
Cross merchandising can encourage people to buy in bulk. To increase these chances, put similar and compatible products in a bundle. It helps them to buy complementary products while driving your revenues off the charts!
Visual Merchandising Tips
Get to know your target audience first. Are they more concerned with bargain sales or the latest trends nowadays? After that, you can start designing your retail space that appeals to their taste and interests.
Stick to using store fixtures as focal points, color coding, and group items for an organized look. Use lighting to create a warm and friendly vibe around the store. Incorporating special events, holidays and trends is a good visual merchandising practice.
How to Measure the Success Rate of VM
Visual merchandising encourages potential customers to go inside your store. It shows the unique selling points of each of your products and services. However, this will only work in your favor if you do it the right way.
Keep track of your previous and current sales performance for future references. See what type of shoppers you are attracting after re-designing your retail space. Calculate the customer basket value and how often they come back within a certain period of time.
What You Need to Know About Visual Merchandising
What is visual merchandising but a way for you to engage customers once again? Know your audience and create visual merchandising displays to cater to them today!
Do you want to learn more about marketing? You can do so much more with what you have to promote your business. Check out our guides to learn all you can today!
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