Visual Merchandising/Promotions Bailey, Chelsea, Kendra, & Nick Entrepreneurship Exterior Presentation Exterior signs - Many signs will be competing for customer’s attention. Therefore, your design and logo are more important than ever. They should be unique, noticeable, and readable. Marquees - Used to announce a change in seasons, a special event, or a promotion. Banners - An inexpensive but colorful, eye-catching means of promotion. However, you should not overuse banners otherwise shoppers will begin to stop noticing them. Awning - Provide customers with protection from weather and makes viewing the window display more pleasant. Also it reduces heat, cuts down on glare and reflection, and prevents fading of the merchandise from exposure to sun. Walks and entries - Protects customers from bad weather and can appear as an aesthetic of the building. But, you should make sure that you are being consistent with the architecture of the building. Landscaping - Plants will lead to a positive community reputation by adding beauty to the town. But, be sure to have a low maintenance landscape. Window Displays - Most important form of advertising. You have 11 seconds to attract the attention of a customer and invite them into your facility. Principles of Design Interior Presentation - Your goal should be to motivate your customers to spend money, project the image of the store, and keep expenses to a minimum. Display Design - You have 3-8 seconds to attract a buyer, so display should have a theme that draws interest. o Balance- Make sure your displays have an equal placement between products. o Emphasis- Have one focal point that leads customers eyes through the display. o Proportion- Products should have a comparative relationship of distances, sizes, amounts, degrees or parts. Color and Lighting Color - Warm colors (red, yellow, beige, etc.) make a room feel small and merchandise look bigger. Cool colors (blue, green, violet etc.) make a room feel larger and more spacious. Blue calms and encourages conversation. Green stimulates conversation and makes environment feel tranquil. Red excites, invokes aggression, and makes time appear as though it’s going by slowly. Yellow boosts morale, draws attention, and encourages happiness. Lighting - Helps to draw attention to merchandise. Shoppers’ eyes will gravitate to the brightest item in the store. It also will help to direct customers through your store. Visual Merchandising/Promotions Bailey, Chelsea, Kendra, & Nick Entrepreneurship Props, Fixtures, and Signage Props - Used to compliment merchandise and draw customers’ attention to the surrounding area. Merchandise and Fixture Display Recommendations - Should compliment merchandise along with the atmosphere. Should act as a silent salesperson by promoting the merchandise. Fixture Placement - Aisle width should be 4-8 feet as required by State Law. Also there should be 3 feet between racks. Interior Signage - Store signage will help to promote sales without the use of a salesperson. It makes customers aware of the departments offered and what items are located in each aisle. Errors Commonly Occurring in Displaying Too Much Merchandise - Shelves should not appear crammed with product. Too Little Merchandise - You don’t want your store to look like it’s going out of business. Too Many Props - You don’t want your customer confused on which item that you’re selling and which item is just a prop. Poorly Selected Props - Make sure that props are within the season and appeal to your target market. Limited/No Display Budget - Make sure that you have enough money to be creative and come up with a good theme. Lack of Attention to Detail - Make sure that displays are clean, neat, and orderly. Also make sure that all items are tagged with prices and sales promotions Visual Merchandising Display Buddy Visual Merchandising/Promotions Bailey, Chelsea, Kendra, & Nick Entrepreneurship For our business we chose to display our dog treats in the form of a dog house. This display is consistent with the “dog” theme and will correspond with the interior design of our business. The frame of our display, that is unable to hold dog treats, will be painted yellow to match the box of dog treats. Also, yellow is a warm and inviting color so by painting the frame yellow we will be able to draw attention to our dog treats and provide customers with an uplifting experience. The decision to build this dog house to display our dog treats can be handmade and all equipment needed can be bought right at The Home Depot. The equipment we will need in order to build our display is some plywood, nails, and a gallon of paint. The cost of these items will be: (3) Plywood- $14.95/sheet Nails- $2.68/pound Paint- $27.98/gallon This display will have a total cost estimate of $90.46+tax. Promotional Information Events- The dog walking business could have a presence at local events (for example, the Grand Affair), whether it is through an actual booth or simply sponsoring to get their name on event literature. This style of promotion for one’s business is a good fit for a city like Wisconsin Rapids. Chamber of Commerce Membership- Joining the Chamber allows a business to gain exposure, increase community involvement, utilize the Chamber’s business services, and gain networking opportunities. Promotional Items - Whether it’s leashes and water bowls for the dogs or calendars and pens for the owners, getting promotional items with your business’s logo and information into the community is always a positive promotional device. Loyalty Programs - Customer retention should be a primary focus as a small business, as it costs more to attract new clientele than it does to retain current customers. Having some form of loyalty program in place increases the business’s attractiveness to potential and current consumers alike. Coupons - While they no longer have the prevalence they used to with the decline of the newspaper, coupons are still capable of promoting a business. Online coupons that the customer prints are a possibility, additionally given the nature of our dog walking business putting print coupons in the Daily Tribune would be a fine investment. Community Involvement - Sponsoring a little league team with the business’s name, or even hosting a dog walking seminar would both be ways to get our business’s name into the community. Free Trials - In this economy, people are more comfortable purchasing a product or service that they have previously utilized, so giving two free walks (and returning with a happy and wellexercised dog) could be a great promotional tool. Email Contact - Having a contact list of potential clients is an important asset, and can be difficult to obtain. So we would offer value to our clients in exchange for their email; in the form of a branded email in which we could extend special offers, company news, and information that would be important to dog owners (reminder of seasonal issues such as fleas/ticks, food recommendations, etc.). Visual Merchandising/Promotions Bailey, Chelsea, Kendra, & Nick Entrepreneurship Five Promotions with Costs 1. The following coupon, which would cost us two weeks’ worth of income multiplied by the number of people who redeemed it. 2. Chamber of commerce membership; which would cost $220 yearly if we only had one full-time employee and $250 if we had five. The membership form can be found at http://www.wisconsinrapidschamber.com/join-us. 3. Promotional items, specifically a doggie waste disposal bag dispenser (branded with our logo). If we purchased 250 to give away (keeping a couple to be used by our on-duty walking staff), the cost would be $322.50 plus shipping. http://www.epromos.com/product/8841453/pet-wastedisposal-bag-custom-dispenser.html 4. Event participation (using the Grand Affair as the pricing example) in local happenings is a great way to interact with potential customers and promote a business. The Grand Affair’s prices (as of 2012) were $40 for a 12’ x 12’ booth; additionally you can co-sponsor the event to get your name on the literature. (For the Grand Affair, $100 sponsorship gets your business listed on the sponsor board at the event and verbal recognition. For $300, you get both of the previously mentioned perks plus recognition in the “Heart of Wisconsin Pulse of Progress”, verbal and logorecognition in pre-event advertising, and recognition in the Heart of Wisconsin Annual report. 5. A loyalty program (similar to the old Subway stamp cards) is a good way to promote the business; a potential mock-up is below (the cost is a week’s worth of walking for free multiplied by the number of customers participating). Visual Merchandising/Promotions Bailey, Chelsea, Kendra, & Nick Entrepreneurship