If you’re well aware that consumer habits have shifted dramatically as a direct result of the COVID-19 pandemic and are interested in discovering innovative ways to increase your sales figures, simply continue reading. As you’ll discover how your businesses can thrive post lock-down and better engage with their customers.
Psychology studies into consumer habits have proven that if your customers believe that certain items are scarce, the items in question will sell out in a short space of time. As humans are hardwired to believe that scarce items are more desirable and that if items are low in stock, they should be purchased straight away, in order to avoid disappointment.
One way to convince your customers that particular items are scarce is to inform your online customers that there are only a few items of a particular product, in stock. For example, on a product page of a product that you’d like to sell, you may want to inform your customers that there are only 3 more in stock.
Run special promotions in order to entice customers to increase their spending with your business:
Recent psychology studies have also shown that consumers are far more likely to spend more money with a business, if they are promised a free reward. So you may want to think about offering your customers a free gift with purchases over a certain amount. As human beings love getting something for “nothing” and will jump at the chance to take up a free gift with purchase promotion.
Film product reviews in order to encourage your customers to shop with your business:
When it comes to business, the saying show don’t tell is still as valid, post lockdown as it ever was. In fact, as many individuals disposable income has been directly impacted by the COVID-19 pandemic. So now, more than ever, potential customers are far more interested in purchasing products that they are confident will work, over products that they haven’t seen demonstrated.
One of the simplest ways to show your customers that your business’ products work is to film product reviews and demonstrations of your products in action. Which you’ll then be able to start promoting on your business’ social media accounts.
Align your business with a carefully chosen cause:
Another way to positively impact the way that customers see your brand is to align your business with a carefully chosen cause. Which your business’ target audience cares about. Some examples of causes which could appeal to your business’ demographic include the Black Lives Matter movement and cancer research. If you’re unsure of the causes which are important to your target shoppers, simply use a survey to find out more information about your customers.
Choose music which your customers will relate to:
Choose your business’ playlists carefully. In order to include tracks that appeal to your target demographic.
So if you’re looking to increase your sales post lockdown, it’s a great idea to get started by incorporating all of the business strategies which are listed above into your business plan.