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BRANDING – A TOTAL EXPERIENCE
By: Loran Able
www.retailresults.com.au 


Loran Able - Retail ResultsGood branding can have an immediate effect on the turnover of a business as well as building a stronger business for the future. 

What is branding? Many Retailers believe that they have branded their business if they have a store sign and a matching business card. Whilst these are 2 important aspects of branding a store there are many more components to a strong store identity.






Good branding:

  • Communicates to the public and the team who they are
  • Distinguishes the retailer from their competitors
  • Gives them a competitive advantage
  • Increases awareness
  • Increases the effectiveness of their marketing dollar
  • Builds loyalty and increases customers and the team’s value of the company and their products and services
  • It is both rational and emotional.

Some components of branding are the: 

  • Logo
  • Slogan/Tagline
  • Store front
  • Store windows
  • Internal signage
  • Ticketing and packaging
  • Uniforms
  • Store design
  • Music
  • Products
  • Receipts
  • Advertising
  • How the phone is answered
  • How they greet you customers
  • Merchandise mix
  • Service strategy
  • and the list goes on.

Standing out from their competitors can be a challenge. Store designers can stick to a fashion trend which can make stores look and feel similar. I was in a shopping centre lately and counted over 6 stores that had curtains as their back feature wall! Wallpaper is now becoming fashionable and several stores in the same market segment had wallpaper. 

We did a customer exit survey of a very well know ladies clothing company and many of their customers mentioned that their shopfront was indistinguishable at a glance from their competitor.

So being distinguishable is very important as are increased visitation and transaction frequency, greater ability to attract new customers and increased economic goodwill.

The benefits to the customers are that they have their own or desired self image and self esteem enhanced, simplifies the choice of where to shop saving time effort and hassle. They shop were they trust the product and service.

If we think of a little blue box with the white ribbon, most people would think of Tiffany and Breakfast at Tiffany. This is a wonderful example of how effective, good branding can be. They have created packaging that clearly identifies who they are and what they stand for or aspire to. Their customers save these little blue boxes for a lifetime. Even packaging can have long lasting value!

Branding can express a multitude of thoughts, values, expectations or it can be as simple and as clever as Safety is to Volvo (although they have had a change in marketing strategy lately) or Entertainment is to Disney.

Of course the retailers need to be very clear as to what customers they want to attract. I often find the smaller retailers cannot easily answer these questions:

  • Which customer segmentation do they want?
  • Where do they live
  • What do they do
  • What income bracket are they in
  • What age bracket are they in
  • What sort of lifestyle do they have or desire
  • What do they want to feel
  • What are their shopping behaviours
  • What pleasure do they want to derive from their product or shopping experience
  • What pain do they want to alleviate from their product or shopping experience
Does each of your retailers stand out from their competitors really? What can they do differently that would mean more customers would shop with them rather than their competitor?

So in looking at what branding is, what it incorporates, what the benefits are to both your retailers and their customers, would your retailers benefit from reviewing their branding?

RetailResults is a retail consulting, coaching and training company passionate about increasing turnover and profit for their clients. Their services include branding workshops, mystery shopping, store design and more….working with retailers nationally. 

Also by Loran Able: TEN TOP TIPS for Increasing Your Sales Through Effective Stock Placement


Testimonials:

This way you will know what works and what doesn’t. Keep doing what works until it doesn’t any more. Reap the benefits of your hard work and focus in the form of sales, profit and satisfaction.

“Thanks to Retail Results, I have learned how to successfully juggle working ‘on my business’ with working ‘in it’. 

I now know my own company better: its figures, sales & marketing potential, its strengths & weaknesses. With their professional and nurturing advice, Loran Able and her team have allowed me to achieve results in project completion and business growth of which I can be proud. 

Month by month my shop’s profile, customer-base, sales and margins have increased to the point that I can now begin to enjoy the ‘fruits of my labour’ and have stopped asking myself why I went into small business in the first place. 

Just like a caring gym personal-trainer who knows how to push you to maximum gain, Retail Results has been instrumental in making me change mere thoughts into action, allowing me to attain growth and management goals far beyond what I possibly could have achieve working alone.”

Scott Whitmont
Director
Lindfield Bookshop


“Loran has been working with me to lift my florist business to the next level, to turn us into real retailers. Loran is focused and has a structured approach to her mentoring role which ensures that each week we are working to clear objectives. 

And best of all she shows that she really cares about me and my business, providing lots of extra tips from her broad experience in the retail sector and as an expert shopper. I would highly recommend Loran. She's great!”

Ivan Kinsella – Director – Buds & Bowers 

Read more about: Loran Able

RetailResults
P: 02 9331 5361
E: Loran@retailresults.com.au 
W: www.retailresults.com.au 
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