A Helpful Tool For Increasing Retail Sales Conversions
Your business is about conversions, making sales, making sure the customer gets what he or she needs or wants. In making a sale, you have satisfied your obligation to the customer. Selling is an art. It used to be that if someone had a need for something such as a steak, they’d go to the butcher. If they needed coats for their kids, they’d go to the local department store. The art form wasn’t nearly as complex as it is today. If a customer wants a coat for his or her kids, there are hundreds if not thousands of options at their fingertips. You are competing with not just neighboring stores in your area but with every company on the Internet too.
Maximize Your Conversion Rates Easily
In its first quarter, Amazon’s total revenue was 22.72 billion US dollars. That is what you’re competing with. The days of having a family walk into a store and buy everything they need in one place are over. Or are they? Walmart has already added 33 million square feet of retail space in 2015 and it’s a store built on the idea of providing everything your family could need, which makes it your competitor as well. How do you compete with such big companies? Maximize your conversion rates with your existing customers or the potential customers walking by your store.
Make Sales By Understanding Customer Behavior
Customer behaviour analysis plays a large role in every business’s ability to understand if what it is doing is as efficient as it should be. Understanding whom your target customer is isn’t enough. Analytics on your customers, whether they are online visitors or customers who walk into your store are key to increasing sales conversions. A great tool to gather information to get your business data mining as quickly as possible is a people counter. There are excellent versions of this tool that can tell you how many customers have walked into your store, passed your store, as well as show you the path customers took through your store and where they spent the most time. All this information is valuable to how you setup merchandise, sales promotions and your ability to compare sales figures to customer attendance. Without the proper tools to gather information, customer behaviour analysis is difficult and can lead to false or misleading figures. One of the single best ways to improve your chances with competing with big businesses such as Walmart and Amazon is to use scientific, concrete facts to understand where your business’s weaknesses are and develop strategies to fill those gaps to ensure your business’s profit.
For more information on customer behaviour analysis, please visit V-Count or call 1-416-477 5628.