3 Most Common Mistakes Entrepreneurs Make With Their Video Marketing

For those of you exploring video marketing, Nina Froriep
Visual Storyteller at Clock Wise Productions talks about the 3 tops mistakes to avoid.

CASE STUDIES
How properly analyzing metrics helped improve business

New client vs. repeat clients
A beauty salon client did not track their new vs. existing clients or client retention KPI. Once they began tracking and analyzing their numbers, it was clear they were getting plenty of new clients, they just weren’t retaining them. By understanding they had a client retention issue, we were able to implement a two-fold strategy that included customer service training for the stylists to insure greater satisfaction as well as a new customer welcome program that offered new clients discounts for pre-booking their next appointment.

Sales by employee
One clothing store’s sales had been steadily declining over a year’s time. The owner was frequently absent and left the store in the hands of her manager who was also the primary salesperson. In researching the sales decline, she pulled the sales-by-employee report.  Her manager’s sales had gone down 47 percent year-over-year! Frighteningly, the owner didn’t know this. Clearly the manager had become complacent and lost interest. The owner was able to fix the situation by better motivating and training her manager, giving her goals and incentives to sell more and keeping a closer eye on her. The manager’s sales rose 25 percent in just 90 days.  

Sales by category
A pancake house offered an extensive breakfast menu. They knew that pancakes were, by far, their most profitable item; meats generated the least profit. They had never pulled an itemized sales report and upon doing so, made an amazing discovery. Guess what they sold least? Pancakes! The most? Meats! That made it easy for us to create pancake-focused promotions and samplings. We also raised prices on sides of bacon, sausage and ham to keep in line with escalating costs. In no time at all, pancake sales were soaring – as was net profitability.

A clothing store’s sales declined by over 40 percent. The owner had never pulled a sales- by- category report and when she did, it revealed most of the decline was in sales of dresses.  It was like a lightning bolt hit! She had dropped two dress lines the previous quarter and never checked to see how that impacted her sales.

Sales by time of day and day of week
A pizza restaurant was offering a daily lunch discount on weekdays. Upon analyzing the numbers, we found that Thursday and Friday lunches were triple the volume of Monday through Wednesday. There was no need to offer the discount on those days. By eliminating discounts on Thursday and Friday, sales stayed the same but the owner realized increased profitability.

A clothing store, upon tracking sales by time of day, realized the restaurant next door was throwing off great after-dinner traffic. They began opening later to avoid labor costs during virtually non-productive morning hours and staying open later to benefit from restaurant traffic. Sales, of course, went up.

By knowing exactly what and when you’re selling – or not selling – you can create strategies to improve business during non-peak times, know when to run promotions and when to schedule employees – resulting in better service, better profitability and potentially decreased labor costs.

Until next time remember,
You can do this!

10 last minute ideas to drive holiday sales!

Need some easy ideas to bring more traffic and sales to your store? Here you go!

1.  Prime your Facebook page
If you're going to start posting offers or flash sales, get page engagement up first so your future posts will get better traction. You can:
Post simple questions
Are you in the holiday spirit? Comment below

Or offer a giveaway
Comment below for a 10% off coupon

Once engagement is up, start your flash sales or other important postings.

2.  Get attention with a flash sale
Now that you’ve primed your Facebook page, hold a flash sale with offers available only to your social media followers and email subscribers.

A couple of tips:
The items you sell should be limited in quantity and available only for a limited time. This creates a sense of urgency.

You can have a flash sale for one day, or one day a week, or 7 days in row -- whatever you choose.

Promote the sale heavily ahead of time with multiple posts and emails. Remember, people are busy this time of year.

When an item is sold out, promote that as well. It reinforces the fact that quantities are limited!

You don't have to have e-commerce capabilities to have a flash sale. People can call in to reserve their purchase with a credit card and pick up in store.

Make sure the deals you offer are attention getting!

3.  Prep for weather-related issues
There's a good chance there will be some sort of weather-related problem between now and Christmas. Rain, snow and sleet can negatively impact your revenues.

Take a few minutes now to plan out a weather contingency promotion to create sales even when the weather doesn't cooperate. Here are a few ideas:

Prepare a Snow Day social media flash sale
Create the ads and emails with the deals ahead of time. Direct customers to a landing page to purchase or have them simply message you complete the purchase. Emphasize these are limited time offers customers can take advantage of while staying cozy and warm at home.

Offer video shopping
If you can make it into your store, send an email blast and post on social media that you are available to video shop and will have all purchases ready and wrapped when the weather improves.

Restaurants - promote delivery
Text, email and post to remind customers about delivery opportunities.

Don't just sit back and let the weather play havoc with your sales goals!

4. Grab and Go
With each day that passes, customers get more stressed and pressured to finish their holiday shopping.

Be sure to create a "grab and go" display of popular gifts, ready and wrapped. Offer gift baskets that are fun and unique! Add toy options that relate back to your business (i.e. toy tool kits at hardware stores). Restaurants can offer a "to go" dessert with each entree purchased.

Grab and go's are appropriate for every type of business and provide a solution for which customers will be grateful and can add substantially to revenue.

5. Sell gift cards. Every. Single. Minute.
Nearly 50 percent of gift card holders spend more than the value of the card and 75 percent of those spend 60 percent more than the value of the card! Cards don't just increase holiday sales, they bring customers back after the holiday!

Create a bonus offer on gift card sales. For example, buy $100 and get a $20 bonus card.

Offer a bonus gift card with purchase.

Train your employees to ask every single person if they’d like to purchase a gift card.

Find a way to cleverly wrap your cards so customers feel good about the purchase.

Promote, promote, promote, promote!

6. Email your VIP customers
Segment the top 20 percent of your customers and start emailing them unique messages.It doesn't necessarily need to be about discounts. Try promoting a special service or opportunity just for VIP's, perhaps a private shopping event, personal shopping or simply, "We're here to make your shopping easier!"

Let your best customers know you care about them and are there to help.

7. Hide a toy
Parents are always looking for special experiences for their kids over the holidays! You can make that happen simply by hiding small toys or gifts throughout the store. Small promotions like this insure guests will spend more time in your store and perhaps find their own treasure to purchase. Enhance the promotion by offering to donate a toy to charity for every toy found in the store. It's a simple and inexpensive way to drive traffic, create goodwill and put a smile on customers' faces!

8. There's nothing that makes people want something more than knowing others want it too!
Keep your followers updated on what's hot at your store or restaurant. Whether it's the most popular flavor of ice cream, a sweater that's flying off the shelves or a gift item that customers are raving about -- post about it.

9. Last minute employee bonus
Get your employees motivated with last minute bonus opportunities. Whether it’s $25 for exceeding gift card sales or a more substantial percentage of over-budget sales during the last week of the season, give them a little push to keep momentum up during the last days of the holiday selling season.

10. Be responsive
With more traffic in store, you’re probably focused on on-site customers and attending to their needs. But you also need to be prepared for an onslaught of inquiries from multiple platforms. Whether it be by email, Facebook messenger, Instagram DM's or through your website, customers will start contacting you 24 hours a day with questions ranging from your hours to product availability.And here's the thing -- when these digital questions are asked, customers expect an immediate (or reasonable) response time or they'll just move on.

Be sure to assign staff members to monitor these platforms continuously and offer timely - and engaging responses. For example, if you received an inquiry as to whether or not a product is in stock, don't just reply, "Yes." Ask the customer what time they'd like to pick it up! Online channels are a gold mine of potential business not to be ignored!

Wishing you a great holiday season!

Until next time remember,
You can do this!
Angel

Is BOPIS right for your store?

Buy Online Pick Up In Store, also known as Click- to- Collect, is gaining traction with consumers and it’s easy to figure out why. They can purchase their desired products online 24/7 and be assured it will be at the store when they get there. It saves time, shipping costs and the customer can return it instantly if it doesn’t fit or meet their expectations.

BOPIS provides a frictionless experience for those who demand both the convenience of online shopping and the instant gratification of in-store shopping. It eliminates friction and importantly, the disappointment of finding the product isn’t available after driving to the store.

It’s a great benefit to the customer but perhaps, an even a bigger boon to retailers because 67 percent of BOPIS customers make additional purchases in store.* BOPIS gives you a competitive advantage by offering customers options for purchase and truly leverages your physical presence.  Plus, it’s important to get on the bandwagon now because according to Retail Touchpoints, 90 percent of all retailers will be offering BPOIS by 2021.

But I don’t sell online!

You don’t have to have a full ecommerce program to enjoy the benefits of BOPIS. Consider offering only best sellers for sale on your website or create a simple Facebook or Shopify store. Create a curated mix of best sellers, special offers or exclusives as part of your BOPIS program. By utilizing today’s easy- to- use and inexpensive online platforms, you can enjoy the benefits of omni-channel retailing without the expense of a full online store.

Best practices
Here are a few tips to make your BOPIS program effective.

Service
Provide a high level of service to customers who come in to pick up their purchases. Don’t just hand off the package. Train your staff to review the purchase with the customer to insure satisfaction and use the interaction to begin discussions about upsell and future purchase opportunities.  

Incentives to increase sales
There’s a good chance the customer will make an additional purchase while picking up their order, but if you want to create an additional incentive to do so, offer a bounceback during the pick up transaction valid for additional purchases only on the day of pick up.

Promote
As with any new service, promote it like crazy. Use all your digital assets, including website and social media, emails plus in-store signage and flyers with purchase to advise customers of the new opportunity.

Test before and during the holidays

If you decide to offer BOPIS this holiday season, be sure to take your systems for a test drive before the roll out. Who will be responsible for monitoring orders? Pulling and packaging items? Staff training? Marketing? Be sure your logistics and in-store experience is fine tuned to delight the customers and leave them wanting more!

*International Council of Shopping Centers, 2019