Point of Purchase Marketing: Capturing Your Audience When it Counts

As the digital world grows and expands on a seemingly daily basis, many companies, large and small, are finding that it is becoming increasingly difficult to make a personal connection with clients. This is offset slightly by the fact that new, diverse marketing and advertising opportunities are presenting themselves in the form of new technologies and media at a frenzied rate.

Let’s rewind a bit. In its hay day, the powerful concept and practice of mass marketing was thought to take the personal element out of marketing. This, however, is simply is not the case. While the hypodermic needle was an excellent theory, it discounted the concept of human interaction, which took place at the point of purchase. Television viewers, radio listeners, and newspaper readers ingested mass media and, as a consequence, were heavily influenced in regard to purchasing decisions. This influence, however, was not, in my opinion, the ultimate influence. The ultimate influence occurred at the point of sale.

Consider this example. A housewife and son hear a Cheerios commercial during The Lone Ranger. The very next day, the housewife decides to pick up a box of Cheerios while at the store purchasing ingredients for dinner. Her grocer of 10 years however tells her that her son will likely enjoy Rice Krispies more than Cheerios because of the distinct sound Rice Krispies makes when milk is poured over top. As a result of the suggestion, the housewife puts the Cheerios back on the shelf and instead follows that advice of her trusted and long time grocer.

Fast forward to present day. With the introduction of big box stores, franchises, and extended hours, that point of sale connection and influence has all but disappeared. This may have been considered a good thing for mass marketers but the power of mass media has dwindled as well. Despite our best and most creative efforts, the power of mass media has yet to be duplicated. This means that, as marketers, we are missing out on the mass media, no brainer initial point of contact.

Fortunately, while the era of mass marketing has dissipated and we have been forced to look elsewhere for results, a gem of an opportunity has presented itself. Thanks to the Internet, digital media, and new technologies, we marketers have many alternate avenues to explore, test, and utilize to the fullest. And explore, test, and utilize we have, especially at that elusive point of sale period. Thanks to digital signage systems, electronic message boards, and most recently, narrowcasting, we have finally mastered the point of purchase.

Now we possess this power to capture a captive audience, right at the time of purchase. This is especially significant when considering that nearly two thirds of all purchasing decisions are based on impulse decisions. We marketers are a resourceful and adaptive bunch. We have dealt with the loss of mass marketing power by focusing, not only on new technologies and resources, but also by focusing on other points along the purchasing decision timeline.

For more information about a narrowcasting or electronic message boards, contact a digital media expert at www.ek3.com

Start-up Explodes, Finds Audience through Social Media

Costa Mesa, CA (PRWEB) May 14, 2013

The fashion start-up Wizards of the West, a new company from Costa Mesa, in California (USA), is launching their new e-commerce store. They are a successful example of how a business born through social media can grow up and become a part of their clients’ daily life, by reaching out to customers where they are most comfortable: the social networks.

Jason West, Wizards of the West co-owner, can explain this success: “unlike our competitors, who had to integrate an existing business into social media, we were born from it. Essentially building a new business from within the platform and not supporting it externally. We have a completely different perspective on how to approach and enable social media”.

“Even in our short lifetime we have seen an enormous amount of brands trying to capitalize sales directly through social media. This is not a good approach. The worst mistakes we have seen happened when organizations used social media as a bulletin board. It’s an incredibly rich platform that’s so effective at rewarding your customers”, adds the Wizards of the West co-owner.

This innovative e-commerce store works according to the ideals of social rewarding and gamification, a new concept even for the savviest online retailers. Always choosing to be different, Wizards of the West took the concept and applied it to their technology infrastructure, “rewarding customers for loyalty before they even become customers”, says Jason West.

The term gamification is used to describe the techniques that increase people’s natural desires for competition, achievement, status or self-expression. One of its core strategies is to reward the “players” with points or other kind of compensation, such as digital currency, when they complete the desired tasks. Providing a reward encourages more and more people to compete and this is an approach that has been revealing to be successful in the e-commerce world.

Currently, one of gamification’s major applications is in the marketing field. Actually, over 70% of Forbes Global 2000 companies are using or intend to use gamification for marketing and customer retention purposes. This is why gamification is one of the paths followed by Wizards of the West. Until now, tenacity and proprietary technology have enabled the start-up to stay ahead of the curve.

“Our ecommerce platform is well integrated with social platforms like Facebook, Twitter and Instagram. We do a lot of R&D on social migration, getting to know how people react to likes, tweets and pins. Gamification is relatively a new buzzword around social media, but “we are already experimenting with it”, states Anil Gupta – Director of Technology.

Taking into account that e-commerce sales continue to grow worldwide in 2013, with sales projected for over $ 333 billion and an aggressive 13% growth rate, as stated by official data (emarketer.com), this bet doesn’t seem so strange or risky.

For now, the methodology is working, as the fashion start-up has been seeing its sales skyrocket month over month. Why? Because Wizards of the West uses proprietary technology to track, analyse and encourage social interactions among their clients and potential customers. Fashion is fickle, but not as fickle as social media. As brands spend millions trying to map out what makes a brand socially acceptable to their followers and fans on social media, this start-up has known that since the beginning.

To discover more about this project, you can visit wizardsofthewest.com or contact the company directly (info (at) wizardsofthewest (dot) com).