Focusing on strategies to enhance conversion rates at the point of purchase, this book features insights from 35 global experts. It offers practical techniques and innovative ideas to help retailers effectively turn shoppers into buyers, addressing various aspects of consumer behavior and marketing.
Shopper Marketing explores the subject of shopper marketing, which takes places in the store, aiming to turn shoppers into buyers, at the point of purchase. The goal of shopper marketing is to influence purchase decisions when the shopper is close to the product in the store. Shopper marketing is a relatively new area of marketing, but the financial investments being made in the area are increasing each year. According to surveys, shopper marketing is growing even faster than internet advertising - doubling since 2004 and on track for an annual growth rate of 21% by 2010. Research has indicated that: - At least 70% of brand choices are made in the store - 68% of purchase decisions are not planned in advance - Only 5% of shoppers are loyal to one brand of the product group These results show that there is plenty of opportunity to influence and change shoppers' decisions at the time when they are actually doing the shopping - and this new title will show you exactly how to do this. Providing practical advice about shopper needs; retail environments; shopper trends; shopper marketing strategies; retailing relationships; effective packaging and much more, this book is a must-have for all sales and retail practitioners and students of marketing and sales.