Time for Holiday Retail Marketing Strategies
The busiest time of the year is back for businesses. Holiday season is expected to retain its past momentum and will likely record bumper sales level again. But, are you and your business prepared to use their opportunity in the best possible manner. While it is advisable to hash out your holiday retail marketing strategies well in advance, but it is not too late. Here are some of the pointers which can help you fine tune your holiday retail marketing strategy.
- Get a Head Start: you can get an advantage over your competition by starting early. Holiday season entails big crowd so you need to be prepared to handle them. If you are running an online business, you need to ensure that your servers are all set to accommodate incoming traffic. If you do not plan early, your website may break down under the pressure of traffic volume. Apart from this, you also need to plan for proper inventory. This is important for both online as well as offline businesses. While it is not advisable to tie up funds in excessive inventory, but running out of good while there is demand for them can cause even bigger loss to your business.
- Remain on Your Toes: you may plan early and go for perfect execution, but there will always be circumstances which will require you to go back to drawing board. So, it is important that you keep your strategy simple and flexible as you may be required to change it on a moment’s notice. For online businesses, server outage may be a big issue. You should be prepared to handle any such malfunctioning as and when it arises. Further, there may be unexpectedly higher demand for some products. In such cases, your business should be ready to handle such high volume.
- Know your Market: in order to design effective marketing strategy, it is important to know all the nuances of your market. Even within your target market, you should be aware of different sub-segments and tailor fit your marketing strategies as per their requirements. For example, while designing your holiday marketing strategy, you may want to ensure that you retain your repeat customers while also making sure that you are able to attract the new ones. Overall, your marketing strategy should account for each sub-segment of your target population.
- Make it Festive: while it is a serious business, the holiday season is about festivity as well. Be sure that you generate that holiday buzz and give celebratory makeover to your business strategy. For this purpose, you can start with marketing material such as pamphlets and emails. It is imperative that your marketing items are able to create that festivity buzz. You can also tease out the customers by providing them a sneak preview of the goods offered and discounts provided. Design your campaign in such a manner that it highlights a timeline leading up to the holidays in a creative and intriguing manner.
- Go Mobile: as more and more people are now accessing the web through phones or tablets, it is important to ensure that your marketing strategy is customized for mobile experience. Start with your marketing material to ensure that your promotional emails and advertisements are displayed properly on smaller screens of mobile devices. Optimize your website to load faster on even slower mobile connections. Better still, you can simply go for designing a dedicated app for your mobile clients. Whatever you plan to do, but make sure that you pay due attention to people using mobile phones and devices.
- Pre Test: it is highly important to go for a pre test run, so as to figure out potential glitches. You can try out different approaches to find the best one and then deploy the selected ones to ensure the best results. You can also tweak your other strategies in response to the results of pre test run. It will also give you a chance to test your discount codes to avoid any last minute issues.
Holiday season may prove to be the best marketing season for your business, provide you carry out proactive strategy and prepare yourself beforehand.