• HOME
Log In
February 4, 2023
  • Home
  • Contact Us

User Panel Banner
Log In

  • Home
  • Business
  • Finance
  • Branding
  • Sales
  • Marketing
HomeFeatured5 Reasons Why Newton is Your Key to Sales Promotio...

5 Reasons Why Newton is Your Key to Sales Promotions

  • November 12, 2020
  • 0 comments
  • admin
  • Posted in Featured
  • 0
0
SHARES
FacebookTwitterGooglePinterest
RedditTumblr

Businesses use various marketing communication tools to reinforce their brand message and promote sales. It includes direct mail and catalogs, email campaigns and newsletters, trade shows, webinars, and seminars. Although companies can select from different marketing communication strategies, there are three techniques that they must consider to implement: advertising, social media, and sales promotions.

Advertising and social media are excellent marketing communication tools to reinforce a business’s branding; however, sales promotion is considered the most effective tool for increasing sales and stimulating revenue. Hence, many retailers use this technique most often than not.

Besides the increase in sales, sales promotions activities, such as flash sales, special offers, coupons or discounts, and giveaways or free samples, also boost customer satisfaction, allowing retailers to retain existing customers and acquire new ones.

However, as technology continues to progress, sales promotion methods are also evolving. Businesses are now taking advantage of technological developments, with some using a self-checkout system, which allows customers to process their purchases. Installing a self-service cash register does not only give consumers the freedom and independence to process their items. It can also let customers see promotional information on the big screen of the cash register.

Meanwhile, others are taking advantage of the development of electronic shelf labels. These shelf labels have an automated price updating system; hence, businesses will save on labor and time from manually replacing paper price tags. Additionally, retailers can manage and monitor store shelf level pricing from a single location.

Electronic shelf labels that support NFC (Near-Field Communication) and LBS (Location-Based Service) features, such as SoluM’s Newton, can be used by retailers to analyze customer shopping patterns. Consequently, the NFC feature links customers’ mobile phones to the company’s online website and lets them download a digital coupon or receive additional product information. On the other hand, the LBS feature shows the location of promotional products, which typically is color-coded according to the promotion type.

Like the self-service cash register, electronic shelf labels can also help make a business’s sales promotion stand out from the rest of their competitions. It can be a useful price management strategy that will invite more customers, increase sales, and reduce penalties from price discrepancies.

This infographic from Solum details why Newton is the key to a business’s sales promotions.

5 Reasons Why Newton is Your Key to Sales Promotions
admin
admin

Related Posts

0 comments
Featured

The Benefits of a Cloud-Based Point-of-Sale System for Food and Beverage Businesses

0 comments
Featured

Common Issues People Face with Construction Noise

0 comments
Featured

7 Features Every Foodie Business Needs in Their POS System

A Simple Guide On Different Types Of Car Warrantie...

  • November 12, 2020
  • 0 comments

Grow Your Brand Through Creative Exhibition Stands

  • November 17, 2020
  • 0 comments

Share this

0
SHARES
FacebookTwitterGooglePinterest
RedditTumblr

Related Posts

0 comments
Featured

The Benefits of a Cloud-Based Point-of-Sale System for Food and Beverage Businesses

0 comments
Featured

Common Issues People Face with Construction Noise

0 comments
Featured

7 Features Every Foodie Business Needs in Their POS System

0 comments
Featured

How to Run an Effective Event Marketing Campaign

Do not miss

0 comments
Featured

The Benefits of a Cloud-Based Point-of-Sale System for Food and Beverage Businesses

gallery+10 Items

TOP POSTS

SEO Specialist Looks
0 comments
Finance

How to invest lumpsum in equity funds and what are its benef...

  • January 26, 2023
  • 0
  • 7

Popular Phone Systems for Businesses in 2023

  • January 23, 2023
  • 0
  • 7

The Role of Work Visa in Starting a Company in Singapore

  • January 23, 2023
  • 0
  • 12

Amazing Benefits of Dropshipping

  • January 17, 2023
  • 0
  • 7
gallery+10 Items
The key to victory is discipline, and that means a well made bed. You will practice until you can make your bed in your sleep.

REcent post

Business

Popular Phone Systems for Businesses in 2023

  • January 23, 2023
  • 7

HOT POSTS

1

Money Tips: Saving On Sto...

  • October 28, 2022
  • 0
  • 22
2

Marketing Your Company Wi...

  • August 24, 2020
  • 0
  • 87
3

How Much Does Toxic Behav...

  • October 23, 2019
  • 0
  • 49
Copyright © 2019 officeosetup.com Disable responsivity