How Businesses Can Make the Most of Christmas
Regardless of your beliefs, there is no dispute that Christmas is a time of year when businesses see spikes in sales and profits. With gifts to give and parties to prepare, consumers are out in full force during the festive season. So how should small businesses capitalize on this opportunity? Here are some ways that you can maximize the positive impact of Christmas.
1. Spruce up your storefront
Customers are much more likely to spend money at Christmas than at any other time of the year. To ensure that you make the most out of this increased traffic, you need to make sure that your store looks its best. Decorating your windows with festive lights or banners can help to create a more inviting atmosphere and remind customers that it is time to start thinking about their Christmas shopping. Businesses can save considerable sums by purchasing wholesale Christmas decorations. Remember that decorations can be re-used every year if they are well taken care of. The investment that you put into decorating your store will be returned to you many times over in the form of increased sales.
2. Customize your displays
In addition to decorating your premises, you may also want to consider setting up special displays to draw attention to your products. A well-designed display can attract the attention of passing customers and encourage them to stop and take a closer look at what you have to offer. Consider displaying some of your best-selling items near the front of the store to encourage impulse buying. You can also package several of your sought-after items together in a gift set to give them extra appeal. Displaying gift sets is an effective way to encourage customers to buy more than one item at a time. You make more sales, and your customers are happier as they get better value and a more aesthetically appealing product.
3. Offer seasonal promotions
By offering special deals and promotions throughout the Christmas period, you can increase the sales volume at your store and boost profits. Special offers can be made to your customers via email and social media or displayed in a prominent place at your storefront. Start by offering early bird offers such as special discounts on selected products for the first two weeks of December to encourage shoppers to do their Christmas shopping earlier. You can also offer further discounts and free gift wrapping or shipping for customers who spend over a certain amount. Make sure to keep the deals simple and understandable. After Christmas, you can offer a Boxing Day sale to clear your remaining stock.
4. Provide ‘deliver later’ services
If you are selling items that are likely to be purchased as gifts, it is a good idea to allow customers to order them in advance and have them delivered later. This will allow your customers to do their Christmas shopping early without having to worry about where to store all their items. This effectively extends your peak sales period as customers can start shopping much earlier. Providing delivery on a later date may be slightly less convenient in terms of managing inventory storage, but you will have more time to prepare your packaging and shipping logistics. If you like, you can charge a nominal fee for such delivery orders to cover the cost of additional staff hours and materials required to handle these orders.
5. Encourage gift card purchases
Gift cards are perfect products because they allow customers to give gifts without the risk of wasting money on something that their loved ones do not like. For businesses, gift cards are a hassle-free way to secure a sale with minimal resources and logistics. They also enable you to expand your customer base by attracting new customers who might not have otherwise shopped with you. Gift cards are a great sales tactic all year round, but they can be especially useful during the festive season. You can encourage the purchase of Christmas gift cards by offering discounts on regular-priced items. You can also make your gift cards more attractive by packaging them with holiday greeting cards.
6. Send out email newsletters
Whether you run a brick-and-mortar store or an online retail business, Christmas is a great excuse to touch base with your customers. Send out an email newsletter to keep your customers updated on the latest product releases and promotions that you are running during the festive season. You should include gift ideas to make it easy for customers to make purchasing decisions. Having exclusive offers that are only available to newsletter subscribers is a clever way to incentivize your customers to pay attention to your emails. When writing email newsletters, be sure to keep your content short and sweet. Be careful not to send them out too often—once a week leading up to Christmas is more than enough.
Christmas is a wonderful time to increase sales for your business. There is no other time of year when customers are so actively looking to spend money. By implementing these simple strategies, you will be able to attract more customers and increase your revenue over the holiday season. Remember to plan ahead and start your marketing as early as possible to give your business a very merry Christmas.