On the surface, social media might seem like a huge opportunity for brands. But growing numbers of consumers are following companies with a critical eye, seeing through the latest marketing strategy. Social media users are seeing your posts, but the content that audiences see organically on social media platforms is largely governed by algorithms. Social media networks want you to pay to play. Therefore, organic reach has declined.
Read more ...Despite the popular belief that artificial intelligence will lead to the ‘end of humankind’, many experts believe that it is not an automatic consequence of artificial intelligence (AI). Artificial intelligence has been feared to be the end of humankind. But, experts have explained why this is not always true.We live at a truly unique period in human history: the rise of artificial intelligence (AI), and the potential for AI to take over our lives. However, despite the widespread (and relatively harmless) use of this technology in nearly every facet of our lives, some people still seem to believe that machines could one day wipe out humanity.
Read more ...Pricing is one of the most important decisions that a retailer can make. A pricing strategy dictates how much money a business will take in, and if it’s done incorrectly, it can lead to lost revenue and unhappy customers. So how do you set retail pricing so that it’s fair for both your business and customers? In this blog post, we will discuss the various aspects of retail pricing and the different strategies you can use to determine the best price for your products. We will also look at some of the key factors to consider when creating a pricing strategy and highlight common mistakes to avoid.
Read more ...As a millennial in the retail industry, I am a sensory-driven person. The best way to sell an item is to make it look great, smell good, and taste amazing. Food sample stations throughout Whole Foods are a great example of this concept. You may not have come in looking for vegan muffins, but if you get a taste, you might not leave the store without them. Sephora’s makeovers are another perfect case study of retailers offering demos. Shoppers who come in to buy foundation might just fall in love with the lip stain employees put on them.
Read more ...It is important to understand that fashion marketing is one of the easiest. Firstly, there is a field for creativity. Secondly, there is always a buyer. Target audience - the whole world (with the exception of "exotic" styles). Thirdly, the style is constantly talked about, because the name of the brand can be on the lips of many customers. The remaining are only nuances in order to correctly identify different markets and trends. It is not easy to run a fashion brand. Even the top brands like Chanel, say that they get it wrong most of the time. They have to create their own style and identity. Many fashion designers are in a hurry. They are attracted to the fun and glamorous parties that are usually associated with the fashion industry. At a time when there are several fabulous and unexpected success stories, most other brands fail miserably.
Read more ...