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Show Picture Slide 4
Eddie
Hello everyone, welcome to the
Business Education Centre
Show Picture Slide 4Eddie
Where we teach retailers how to increase their
sales
• Reduce their shrinkage level
• And increase their profit margin
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Eddie
In this webinar, Romeo is going to show you how to increase your
conversion rate for shoppers who enter your store.
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Eddie
Romeo Richards is the author of 23 books including bestselling books:
How to increase retail sales
Store design blueprint
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Eddie
Visual merchandise display
And how to increase profit in retail.
He is also the creator of eleven home study courses including:
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Eddie
How to increase retail sales home study course
• Retail Store Design Blueprint home study course
• Visual merchandising display home study course
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Eddie
How to influence shoppers buying behavior home study course
And Shoplifting Retail Loss Prevention home study course
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Eddie
Romeo has been associated with the retail industry for a number of years
both as an employee and as a consultant and trainer
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Eddie
He worked with Tesco, Marks & Spencer and Brantano
He has consulted and trained a number of big retailers in the UK, US
and the Middle East
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Eddie
Romeo is the guy big retail consulting firms sneak in through the backdoor in the middle of the night when they want to resuscitate dying
retailers
Ladies and gentlemen Romeo Richards
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Hello everyone
In this webinar, I am going to show you the formula successful
retailers use to influence their shoppers buying behaviour and increase their sales and profit.
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In my previous webinar, entitled ‘how to increase retail sales’ I
focused on strategies for attracting customers to a retail store.
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I said that in order to increase store sales, you need three things:
Good store design
Attractive visual merchandising display
And an effective loss prevention strategy.
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Many of you might be wondering the relationship between loss prevention
and increasing sales.
Loss prevention in this sense has to do with the availability of stock.
Show Picture Slide 19You cannot increase sales if shoppers
come into your store, stock are unavailable.
To increase your store sales, you need to get them into the store in
the first instant.
When they are inside the store, the second step is persuading them to
buy.
How to increase retail sales:
Store design
Visual merchandise display
Loss prevention
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In this webinar, my focus is going to be on getting them to buy when they
are in your store.
Why is it important that you learn how to persuade your customers to
buy when they are in your store?
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It is important you acquire this skill because this is the most difficult aspect of the retail sales circles.
Conversion is the most difficult aspect of a retail customer journey.
And this is where most retailers drop the ball.
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The reason most retailers drop the ball at this point is they do not give the conversion process the level of
attention it needs.
I have mentioned availability of stock briefly.
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The availability of stock is conversion in its most simplistic form.
When someone come into your store and they do not find what they are
looking for, you have lost that sale….ie, you have not converted
them.
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However, conversion in its entirety has to do with:
• Your store design
• Your visual merchandising display
• Your customer service
• Your price
Conversion is possible with:
Good store design
Attractive visual
merchandising display
Exceptional customer service
Value driven
price point
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I will like to say two things of the bat:
Firstly, many retailers make the fatal mistake of underestimating the
difficulty of the conversion process.
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If there is a single lesson you take away from this webinar after I have
said this if you like you can leave the webinar and it will still be worth your time of registering and attending let
it be this:
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Never, never underestimate the difficulties of getting anyone to put
their hands into their wallet and give you their money.
That is a very difficult thing to achieve.
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Do not misunderstand this statement as meaning that people do not like
buying or paying for things.
No far from that.
People do like to buy.
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The problem is, people like to buy but they do not like to be sold.
So where the brilliance is, is selling to people without them feeling that
you are selling to them.
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Striking that middle ground is where the genius is and it is not easy to
achieve.
I am sure you have all experienced the situation where someone enters
your store and you say can I help you and the response is: no thanks I am
just browsing.
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Your store is not like television or something, so why do they go there
to browse?
No they are not just browsing, the natural human response to anything that smells like sales is to run away
from it.
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In their minds, if they accepted your offer, you might end up selling them something they had no intention of
buying.
The second lesson I need you to come away from this webinar is, no
one come into your store to buy your crappy made in china merchandise.
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If you think that someone left their home, in some cases drove into the
town centre, pay for parking and entre your store simply to buy your crappy made in china stuff, you are
smoking something.
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Don’t you forget that there is Amazon, there is eBay, there are lots of ways they would have gotten that
stuff without the inconvenient of leaving their home.
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The only reason they chose your store over the other thousands of ways they would have gotten the same stuff is for the experience.
What customers buy from you is not your merchandise, but the experience of buying the
merchandise.
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This is the reason someone goes to Harrods and spend £500 for
something they could buy at Tesco for £50.
What they pay for when they cough out £500 for something they could
buy for £50 is:
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The beautiful store design
The attractive visual merchandising display
The exceptional customer service
Customers buy experience
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So the question that may be going through your mind now is, how do you create the type of experience that will get shoppers flocking into
your store?
You do that by:
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• Creating a beautiful store design
• An attractive visual merchandising display
• And exceptional customer service
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So how can you achieve the above three:
• Creating a beautiful store design
• An attractive visual merchandising display
• And exceptional customer service
How to increase retail sales:
Store design
Visual merchandise display
Exceptional customer service
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To achieve that, you need to first answer the questions:
• Who do we want to attract
• What are we going to sell to them?
• How are we going to sell it to them?
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Who do we want to attract
Author Marcus Buckingham in his book the one thing you need to know
said when he interviewed sir Terry Leahy the man who transformed
Tesco into a global brand, he asked him, how did he do it.
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He said when he went took over Tesco, the first thing he did was ask
the question: who do we serve?
When he answered the question who Tesco served, he went about creating
a business model that appealed to those people.
Show Picture Slide 51One of the things he did was to increase the numbers of checkout
counters in Tesco stores.
He understood at the time, Tesco customer base was the guy who
went to work without lunch, during his lunch break, he want to run into
the supermarket and pick up his lunch.
Show Picture Slide 51What he did not appreciate was
queuing at a supermarket checkout for half his lunch break.
This is a very interesting insight because we see that time and time
again with successful retailers.
Show Picture Slide 51When Next profit surpassed that of
Marks & Spencer for the first time in its 32 years history.
Every retail analyst agreed that the key to Next success was its
understanding of its target market better than any other retailer in the
UK.
Show Picture Slide 51So understanding who you are going
to sell to is a very important first step in the process of influencing
customer buying behaviour.
What are we going to sell to them?
Who are you selling to?
Show Picture Slide 62The next step in the process is what
are we going to sell to them?
I said before that people don’t buy your crappy made in china stuff, they
buy the experience of buying the stuff.
Show Picture Slide 62What experience can you create in your store to get them to want to buy when they are in the store?
A research was done with shoppers to thousands of retail stores in the
UK.
Show Picture Slide 62What the researchers discovered was, shoppers only saw 25% of
merchandise in retail stores.
Let’s me say that again.
Shoppers said when they entered a retail store, they only saw 25% of the
products on display.
Show Picture Slide 62Just imagine what will happen to your sales if instead of shoppers
seeing only 25% of the merchandise you have on display, they instead saw 75% of those merchandise.
Imagine what difference that will make to your sales figures.
Show Picture Slide 62How do you get shopper to see 75%
instead of 25% of merchandise in your store?
You first design your store well and ensure your merchandise are well
displayed.
Continuing with the subject of experience.
Show Picture Slide 62How many of you have had the
misfortune of going to electronic or computer stores and asking the sales assistant for help and it sounded like you were speaking Greek to them.
Show Picture Slide 62British electronic retailer Richer
Sounds has the highest sales per sq than any other retailer in the world.
And they have held that distinction for the past 25 years.
Remember, they sell electronics, which is what many retailers struggle
to sell.
Show Picture Slide 62Why is Richer Sound so successful, well by some coincidence they have
also won Which British consumer watchdog award for having the most knowledgeable staff in the industry.
Show Picture Slide 62Do you see the connection, they
have the highest sale per sq, at the same time, they have the most
knowledgeable staff in the industry.
Show Picture Slide 62When customer pay Richer Sound for their over priced electronics, they are
not paying for the crappy made in china staff, they pay for their
knowledgeable staff…experience.
Starbucks sells a place to relax
Show Picture Slide 70Exceptional customer service
Imagine a lady entering La Sanza or Victoria Secret, instead of the staff
asking the stupid question can I help you?
Show Picture Slide 70They instead asked her if she needed a lingerie for a special occasion and
they proceed to give her info of lingerie that fit her best.
Show Picture Slide 70Imagine the difference it will make to La Senza or Victoria Secret’s sales.
This is what happens in luxury retail store which is the reason recession or not, their sales are constantly up.
When you enter Harrods kids section, they have play consultants.
Show Picture Slide 70His or her job is just to play with kids.
When kids enter the section, they throw ball at them, the kids throw the ball back, they throw it again,
before you know it the kid is enjoying the game with the play consultant.
Show Picture Slide 70Do you think when that kid is leaving they want to leave without that ball?
Hell no.
They want to take that ball with them to continue the playing either with their siblings or their parent, either
will do.
Show Picture Slide 70The point is by engaging the kids,
Harrods get them emotionally invested in the store.
That is exceptional customer service. I can go on and on about retailers who have achieve phenomenon success because of exceptional
customer service.
Show Picture Slide 70Zappos is one retailer that come to
mind
You cannot imagine how fanatical Amazon is about customer service
until you become a vendor on Amazon.
It’s because of the exceptional customer service that retailers like
Amazon are eating the lunch of many other retailers.
Show Picture Slide 75So what have we learnt?
We have learnt that your conversion process is the most difficult aspect of
your customer journey
People like to buy but do not like to be sold
Show Picture Slide 75We have also learnt that shoppers do not come into your store to buy your merchandise but the experience of
buying the merchandise.
People pay 500 in Harrods for something they could buy at Tesco for 50 because of the experience
Show Picture Slide 75To create the Harrods like experience
in your store, you need a beautiful store, attractive visual
merchandising display and exceptional customer service.
Show Picture Slide 75In order to create a beautiful store
design, attractive visual merchandising display and
exceptional customer service, you need to answer three questions:
Who are we selling to
What are we selling to them
How are we going to sell to them
Review & Workshop
Show Picture Slide 85You might be thinking to yourself that you are not a big retailer.
So far I have mentioned the names of big retailers. So you might be
wondering how can small to medium size retailers like many of you on the call here today implement the ideas I
have spoken about?
Show Picture Slide 85The answer to that question is in a home study course I created call: How to influence shoppers buying
behaviour.
This is a cutting edge program that answers all of the questions I have
been posing in this webinar.
Show Picture Slide 85Identifying your target market, is not an easy thing if you do not have the skills and the technical know how.
When you identify them, how are you going to sell to them?
Show Picture Slide 85Are you going to sell your crappy
made in china stuff or are you going to sell the them experience?
These are few of the things you will learn when you own the how to
influence shoppers buying behaviour.
Show Picture Slide 85You will learn;
How to identify your target
How to craft a complying marketing message
Show Picture Slide 85How to communicate that message to them through your store design and visual merchandising display
So you can:
Show Picture Slide 85• Attract truckload of new customers to
your store
• Retain them for long in the store
• Persuade them to buy
• And trigger automatic repeat purchase…
Show Picture Slide 85So you can increase your store sales
which will result in increased profitability for you.
Providing you the resources to enjoy the freedom for which you started your
business.
Show Picture Slide 85You will no longer need to worry about
money to buy stock and
you will not have to work ten fifteen hours a day seven days a week and still not be
able to afford a holiday.
Show Picture Slide 88It is broken into three modules…
In module one, I walk you step by step through the process of identifying:
Show Picture Slide 88• Your target market…who you are going
to sell to
Module One
Show Picture Slide 90Your marketing message: what you are going to sell to them…i.e how do you
communicate with them
Module Two
Show Picture Slide 92And your marketing media: how you are
going to sell it to them…how are you going to create the experience for them
Module Three
Show Picture Slide 108Most retail training programs charge
hundreds of pounds to teach you theories that have no practical application in the
real world of retailing.
Show Picture Slide 108Worse of all many retail training programs are taught by either professors who have never
once in their lives stood behind a store counter or people who themselves failed at
retailing.
How can someone who failed at something show you how to succeed in it?
Show Picture Slide 108This is not because they are bad trainers
who want to deceive you…
it is simply because they do not know the fundamentals of increasing retail sales.
Show Picture Slide 108This is the first time in retailing history that a retail training is constructed to
show you how to identify:
Show Picture Slide 108Your Target market: Who you are going to sell to
Your marketing message: What you are going to sell to them
Your marketing media: how you are going to sell it to them
Because not a lot of retail trainers know anything about sales and marketing
Show Picture Slide 108You cannot increase sale if you do not
know who you are going to sell to
neither can you increase sales without knowing what you are going to sell to them or how you are going to sell it to
them.
Show Picture Slide 108Shoppers these days buy for different
reason than they use to buy years ago.
Except you know those reasons, you will not be able to get them into your store
You will learn those reasons from the how to influence shoppers behaviour home
study course.
Show Picture Slide 108The how to influence shoppers buying
behaviour home study course was designed for retailer like you who cannot afford to spend
thousands of pounds to hire experts.
Imagine how much it would cost you if you had to hire a retail consultant, a marketing expert, a visual merchandiser and a store
designer.
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With the how to influence shoppers buying behaviour home study course,
you will have in your hands a marketing expert, a visual
merchandiser, a store design and retail consultant all in one.
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If you were to hire all four of those professionals which is what you will
need to increase your sales and profit, you will shed out a minimum of ten
thousand pounds or even more depending on the size of your store.
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But don’t worry, you are not going to be paying ten thousand pounds for the
how to increase retail sales home study course…
you are not even going to be paying five or even a thousand pounds.
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As a special offer to you for attending this webinar, you can order it today for
only £127 or $197 for both the electronic and the physical copy
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The course contain 3 DVD, 3 audio CD or MP3 and a workbook.
You can own the electronic copy on its own right this very moment for only
£67 or $107
Show Picture Slide 108Compare this investment to:
£10, 528 for Open University retail training
£2000 for four days Oxford University retail management training
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And an average of £600 for various retail trainings with not a single one as in-depth as the how
to increase retails sales home study course
Click on the link and take advantage of this limited offer
now
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I am going to give you an unnecessary guarantee which I know you will not
need since I am confident of the enormous value you will derive from
the course.
Show Picture Slide 112If for any reason in the first twelve months
of purchase you feel you have not gain valuable information that result in
increased sales and profit for your store
just request a refund and we will process your refund no question asked.
Show Picture Slide 112Let me repeat my guarantee to you again
You have full twelve months to decide…
any time within the first twelve months of purchase you can request a refund.
Guarantee
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If that’s not enough for getting you to buy today, I also want to
give you my book entitled how to make profit in retail for free.
In the book you will learn:
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Store design blueprint: How to design a beautiful but profitable
store
Visual merchandise display: how to create an attractive visual
merchandise display
Show Picture Slide 116
How to increase retail profit with effective loss prevention
strategies
Show Picture Slide 119You will also get a 45 minute free
Skype consultation with me personally not any of my staff.
During the consultation your will be free to ask me any question relating to
your store.
Show Picture Slide 119
This offer is only valid till our series of webinars are over.
So take advantage of it now because when the webinar is over,
it will return to the full price of £667 or $1026
Get free Sky Consultation
Show Picture Slide 125
Re-cap offer
So here is what you are going to get today:
Our how to influence shoppers buying behaviour home study course
Show Picture Slide 125
The home study course will show you how to:
• Attract customers to your store
• Retain them for long in the store
• Persuade them to buy
Show Picture Slide 125
• And trigger automatic repeat purchase…
So you can increase your store sales and profit and gain the freedom for
which you open your store.
Show Picture Slide 125
You can own it today both electronic and physical copies for a webinar
attendant discount of £127 or $197
Or you can own the electronic copy which you can have access to
immediately when you click the link now for only £67 0r $107
Show Picture Slide 125
The package contains three DVDs, three audio CDs and a workbook.
You will be entitled to the online version as well.
Show Picture Slide 129
When you order today I will give you my book entitled how to make profit in
retail for free.
In the book you will learn:
Store design blueprint: How to design a beautiful but profitable store
Show Picture Slide 129
Visual merchandise display: how to create an attractive visual
merchandise display
How to increase retail profit with effective loss prevention strategies
Show Picture Slide 129
you will also receive a 45 minutes free Skype consultation directly with me
not any of my staff.
Show Picture Slide 133If for any reason for the next twelve months you think you have not gain
valuable information that will help you increase your store sales and profit just
request a refund and we will process your refund no question asked.
Show Picture Slide 133Yes you heard me right..
You have full twelve months to decide.
If at any time within the first twelve months of purchase your cat jump out of
the window or your dog refused to eat and…
Show Picture Slide 133You decided to request refund because of
that, we will process your refund no question ask
Guarantee
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This offer is only valid till our webinar sequence of webinars are over. So take advantage of it now because when the webinars are over, that link will no longer be live. When you click on it, it will
take you to the full price
Show Picture Slide 137
So go ahead and own your home study course now by clicking on
the link below you can see in your box!
So you can start attracting truckload of new customers to
your store.
Show Picture Slide 137
Thanks for taking the time to listen to me, I hope to this webinar has been useful to you and I hope
to be of service to you in the future.