- May. 24
- Richard Parker
The 9 Golden Rules for Marketing a Retail Business
These days, thanks to online marketing, just about every business needs to put together regular promotional programs. There’s no shortage of advice waiting for you out there, but with so much to pick from, it’s not always easy to ensure that you’re really making the most out of what’s on offer.
That’s why we’re going to give you a quick rundown of a few of the best tactics for making the most out of marketing your retail business. We’re going to cover all the bases, providing you with a thorough selection of the very best strategies.
Rule #1: Beware of any kinds of piggyback marketing where you combine your efforts with another business. All too often, you can find that you’ll end up losing out, considering how much effort you put into it. While these kinds of promotions can sometimes prove equally beneficial for both parties, often you’ll find that it’s not the best way of marketing your company. Why share the limelight with someone else when you can make it all yours?
Rule #2: It’s essential that you test different approaches to make sure that you get the most out of your investments in marketing. You should always go for medium to best approaches if you want to guarantee good returns. But don’t be afraid to try out different methods to work out what works for you. That way, you can ensure you leave no stone unturned.
Keep Trialling New Marketing Tactics
Rule #3: Make sure that all your promotional messages are just that: promotions. For instance, you should understand that there is a major difference between marketing a particular promotion, and simply contacting your customer base to inform them of ongoing things with your business. Don’t feel like every message you send to your clients has to be selling something.
Rule #4: Try and make sure that your money goes as far as possible when it comes to investing in advertising and promotions. For instance, you may be used to always going to the same company, or always putting up your adverts in the same place. However, if these efforts aren’t bring in any returns, there’s no reason why you should persevere. Try and work out the most reliable investments for your advertising funds, by checking different options and finding what works.
Rule #5: It’s important that you have some kinds of systems in place to measure the success of your promotions. If you can’t keep track of what is and isn’t successful, you won’t know what to repeat in the future. Analytics are an effective way of working out whether or not you are bringing the hopeful increase in traffic to your site. And if you’re keeping track of spending, you can work out how much you have put into a promotion compared to the returns you enjoy.
Don’t Simply Stick with What You Know
Rule #6: Keep the future in mind when it comes to promotions. If you’re able to think a few steps ahead, you’ll be able to put together comprehensive campaigns that stretch over a longer period of time and have a greater effect on the customer. Plus, the earlier you start considering a promotion, the more effort and thought you can put into it.
Rule #7: Make sure that you start any promotion with a firm idea of what you will consider a success. If you haven’t got clear goals in mind, it can be difficult to decide whether or not you are satisfied with you results. But if you know what you’re looking for, you can keep track of everything.
Rule #8: Make sure that all your promotions make absolutely clear what the customer can enjoy. A vague promotion that doesn’t make the benefits entirely clear will have limited success. But with the best promotions, they’ll know exactly what they’re looking for.
Rule #9: Don’t try and overstay the welcome with promotions. By definition, they only last for a limited time. Otherwise, it will look like your site is not well tended to, and people will pay less attention.
These are just a few of the best ways to ensure you see great returns from your promotions. If you follow these basic rules, you should have no trouble making some great returns. Just ensure you stick with what works and lose what doesn’t.
P.S. The article is brought to you by Eva Henderson. Be sure to thank her in the comments section below.