One little freebie promotion from the vault for you to try
out. (We don’t have to wait for Christmas to get into the spirit of giving,
right?)
Concept: Buy two
matching puzzles. The size of the puzzle depends on how many customers you have
on your mailing list. (You do have a mailing list right?). If you have a very
large list for an individual store you may have to have more than one prize. Build
one puzzle and stick on a wall, but take one piece out of the puzzle. Make sure
it is large enough and visible enough with good signage explaining what it is
all about.
Execution: You
can execute in one of two ways:
Customers receive a mailing with one piece of the (matching)
puzzle, and they are invited to the visit the store before a certain time and to
spend a certain amount, or buy a certain product.
OR
Have a bowl of all the pieces of the other (matching) puzzle
on the counter and everyone that spends more than X gets to draw a piece and
match their piece to the missing gap of the completed puzzle. This way you are
opening it up to all the customers who meet the criteria. (You could require
them to join your mailing list too.)
Determine your prize:
It can be anything from a gift voucher to hamper, but I like the idea (over
Christmas especially) of pinning 100 scratchies to a mini Christmas tree. The
potential value of the prize could easily be millions – which registers on
everyone’s radar, and the cost is low and the customer is guaranteed to win
something!
KPIs: Set your
objectives for number of sign-ups (new customers), average sale, participation
rate etc. Only if you achieve your objectives, will you repeat it. If not, dump
it and try something else.
Total cost $300 plus mail out/communications costs.
But hey, this is RetailSmart, so you are not going to get
away without having to think about the promotion.
Before you use it, run it through this little checklist and
determine if it will do at least ONE of the following things for your business:
- Increase the average sale?
- Increase stockturn of a category that is below par?
- Draw additional customers to my store?
If you would like a 1-page planning template (Word format), just email me (contact details here) and I will send it to you 
Let me know how you went.
Have fun
Dennis