Guide to Retail Marketing and Branding.


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Uploaded on Mar 4, 2021

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Guide to Retail Marketing and Branding.

Guide to Retail Marketing and Branding What is retail marketing? • Retail marketing pertains to the strategies and tactics that retailers use to attract customers and drive sales. Source: www.vendhq.com Components of retail marketing • Retail marketing has 4 key components, also knows as the “4 Ps”: Product, Price, Place, and Promotion. Source: www.vendhq.com STRATEGY FOR RETAIL MARKETING AND BRANDING Be where your customers are • Effective retail marketing isn’t just about the specific campaigns that you run; the channels and platforms on which you run your initiatives matter a great deal. Source: www.vendhq.com Online listings • People are increasingly turning to tools like Google and Yelp to find and discover businesses in their neighborhoods. • If this is the case for your retail biz, then be sure to make them a big part of your retail marketing strategy. Source: www.vendhq.com Digital marketing • From Facebook ads and Instagram posts to AdWords and a strong ecommerce presence, the things you do online may also drive in- store traffic. Source: www.vendhq.com Leverage social media • When it comes to retail and social media, there are three platforms you should seriously consider: Facebook, Instagram, and Pinterest. • These are the most consumer-centric networks, making them ideal for merchants. Source: www.vendhq.com Consider SMS marketing • SMS marketing has been making waves, and for good reason: people love their phones. • That’s why if you haven’t dipped your toes into SMS retail marketing, it may be time to do so. Source: www.vendhq.com Market your business through key partnerships • Partnering with a local business or charity is a wonderful way to get your brand’s name out to people who can come and shop in person, not just online. Source: www.vendhq.com Marketing campaign • Identify inactive shoppers and win them back with a marketing campaign showing them what they’re missing. Source: www.vendhq.com Consider influencer marketing • These days, a nod or endorsement from an influencer carries more weight than traditional advertising. • Getting key individuals to recommend or talk about your brand can drive awareness, traffic, and ultimately, sales. Source: www.vendhq.com