DIY Trade News Oct 2013 | Page 79

DIY Trade News October 2013 Spotlight report back opinion Products 79 Sport If only you could get into your customer’s head Want a PERMANENT solution to identify your display units in stores? By John Stanley How often have you wondered how your customer thinks? If only you could get into the customer’s brain and understand how they thought. Can we use psychology to grow sales? That is the question. Well, it seems as if the answer is yes. Gregory Ciotti is a psychology specialist who has looked at you and I when we are shoppers and has asked what the ten key hot points are that we should know as retailers to increase the average sale per customer. How can we get more sales by understanding the brain? Let’s look at the ideas he has developed. Break the paralysis We all know that once a customer starts buying they will continue to keep buying; our challenge is starting the process with them. Pressure selling often has the reverse effect to what we need. Research by Professor Robert Cialdini has shown that one way of breaking the habit is to offer a minimum to an offer. For example, if a promotion started with showing the consumer the minimum investment to start the process, they Admit your shortcomings are more inclined to get involved. Creating the Research by Fiona Lee indicates that consumers minimum offer to solve a solution encourages the are more likely to trust businesses that admit consumer to start the shopping experience. their faults than those that blame others. Customers can cope with businesses that Create status labels accept they have faults, but cannot cope with Those of you who come to my conference businesses that blame suppliers, the weather, presentations will often hear me talk about my the government, the economy and so on. Use One World Airline Platinum status when discussing the occasional fault to show you are human and loyalty. Research shows that if you create a admit it to your customers. status for the best consumers, they are more likely to continue to buy from you. Have ‘platinum’ Urgency sells customers and they will talk about you and buy Sales increase when consumers think a product from you. is about to become scarce. We should use this as a selling opportunity; create the urgency and Tightwads CUSTOM DISPLAYS | GENERIC DISPLAYS IN-STORE SOLUTIONS | DISPLAY ACCESSORIES DELTA a division of Howtims Display (Pty) Ltd Your VALUE-ADDING display supplier customers will buy. Experts have classified consumers into three groups. 15% are spendthrifts, 61% are average Make the customer light up spenders and 24% are tightwads. Tightwads are Consumers feel pain and it’s the retailer’s job your regular customers who classify themselves to remove that pain; make the customer light as frugal when it comes to spending. To get these up by removing pain. Identify what you sell guys to spend you need to bundle products. Get that can reduce the consumer’s pain and you the right bundle together for them and they are become their hero. Recently I had computer more inclined to spend. problems and needed to get them sol ??)?????????() 10?UL?9=\?(?????????????(???????????????????????(??????????????????????((0