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Planning Merchandise Sales
at a Live Event Part 2 of 2:
Live
Event Sales Tips:
1. Proper Signage
2. Traffic Management
3. Product Merchandising
4. Staff Appropriately
5. Safety and Security
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Planning for event sales can
be a very complex task. In this, the second
entry in our two part series, we will talk
about merchandising techniques and increasing
your sales at events. If you missed article
one, you can read it here.
In this article, we will walk you through things
you need to keep in mind when setting up your
event promotion:
Proper Signage: One of the
first and most important steps in ensuring successful
sales and happy customers is setting up proper
signage. First of all, make sure your signage
is clearly visible from as many angles as possible,
and can be read from a distance. Secondly, make
sure that your signage is professional and attractive
to the eye. Thirdly, make sure that the language
is concise and makes sense. Try to eliminate
any language that might be confusing to customers
at check out time. Make sure that pricing and
specials are clearly marked. Finally, make sure
customers know and can find where to go for
what. Whether it be a certain type of product,
or the checkout, you want your customers to
find what they want easily.
Traffic
Management : Be aware of the traffic
flow through your area, and try to anticipate
potential bottlenecks and traffic problems.
The better flow of traffic you have through
your event merchandising area, the more success
you may have. You want people to be able to
find what they want, checkout, and get out easily.
Many event purchases are impulse buys, and you
don't want traffic congestion to interfere with
that.
As was mentioned before, make sure the signage
and P.O.P properly reflects the locations of
things, and that the pedestrian traffic lanes
are clearly defined. If you have some areas
that you know will most likely be traffic problems,
and you will have no way of alleviating the
problem, put some product there. Let people
stare at your product while they wait, you may
just get some add on sales.
Product Merchandising: Proper
product merchandising can be a major factor
in determining the success of your next event
sales promotion. Make sure to keep your product
selection in mind, and make it easy for customers
to pick up add-on sales. Place like products
together, and make sure to display add-on items
next to the other products. Invest in proper
P.O.P to properly and attractively display your
product. Product will most always sell better
when attractively displayed. Lastly, don't make
people look for your product. If possible, display
your product at or just below eye level, and
keep it visible,
Staff Appropriately: Make sure
you have the appropriate staff available, and
that you have a contingency plan if one or more
members becomes ill. Not having enough staff
can be disastrous, leading to high customer
wait times, frustration, and lost sales. Plus,
events can be extremely stressful on staff.
The loss of a key employee or under staffing
can result in high levels of frustration and
can lead to other problems as well.
Conversely, overstaffing can eat into your profit
margins and ruin an otherwise successful venture.
Be sure to analyze your potential sales numbers
and plan accordingly.
Safety and Security: A general
rule of thumb when planning for a successful
event: expect and plan for the unexpected. Make
sure you are acquainted with proper evacuation
procedures for you, your employees, and your
customers. Know where the fire extinguishers
are, and where to find emergency first aid if
necessary.
Be sure to have at least one security person
for every 500 persons in your area. Depending
on what kind of event you are at, you may want
a higher or lower ratio. Be sure to properly
train your staff on techniques to prevent the
theft of both products and cash. Many an event
has been ruined due to excessive theft. Make
sure you have a secure system for handling daily
deposits, and have a set system of checks and
balances in place to ensure that proper accountability
is in place for those who are handling money.
Of course each event merchandising and sales
are different at every event and location, but
these are some general guidelines to follow
when setting up your next live promotion. Let
Powertex help you set up and plan your next
event. Put our experience and vast assets to
work for you. Call today at (800) 588-7111,
or email us at: customerservice@powertexgroup.com.
>> Powertex Group
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