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Tough Times Call For Creative Pricing
Seems like every store is running a sale of some sort. Customers are getting used to seeing the same percentage off and dollars off promotions almost weekly. To get your sale pricing acted upon, you should look at being creative to stimulate customer interest. While shopping at a sporting goods store yesterday, I came across an interesting way to get customers to buy more at a sale price. The offer was this: buy any backpack, bag, or piece of luggage and get 30% off any other items you can fit in the bag. This type of offer is compelling because it appeals to the deal seeker. The shoppers objective is to buy more in order to save more, which is exactly what the retailer is wanting to occur. To make this creative pricing sale more effective, bags were stacked next to the check out desk, there was instore signage, and the sales staff mentioned it to every customer. Think of how you can come up with a similar offer for your store. ============================================================== Every Tuesday we send out a FREE Retail Profit Tip to those who have registered to receive our FREE newsletter. If you have not registered yet, you'll want to do so that you don't miss out on this great free content. This email newsletter is brief and on topic - we know that you're busy and don't have time to waste. In it we discuss:
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