brick and mortar retail store - Complete Controller

Recent times have not been very favorable for retail stores. There’s a consistency in the kind of news we get from such stores these days, like Sears, expressing uncertainty about their future. Toys R Us, Ralph Lauren, and The Limited are shutting down their stores. While JC Penney has also announced the particular stores it will be closing.

With such news, it does seem that retail stores are dying. Shopping malls might not remain the way they are today in a few years. Brick and mortar retail isn’t what people are particularly looking for. These days, people prefer to relax at home, ordering the products they need through the internet.

We can relate to this, in the busy schedules of today, that shopping online is considered a much better option than walking around in a mall and getting tired of going from store to store. Check out America's Best Bookkeepers

This also poses a problem for the owners and stakeholders of brick and mortar stores. Can they survive? If so, then how will they survive these changes? Below, we have some tips on how you can save your brick and mortar store from having your customers snatched by online sellers.

Become an Expert

You need to know the specifics of what you are dealing with – everything related to your product, from the perks offered to advise regarding the precautions necessary to be taken while using it. It would help if you made sure that customers know that you know the answers to their questions and queries. Providing knowledgeable support to your customer at your store is a great way to showcase yourself as a business offering something not offered by competitors. One of the essential doubts that a customer has when purchasing products online is the details of the product other than those mentioned on the webpage. In such a situation, consumers prefer to head to a brick and mortar store to get hands-on experience with the product they are interested in. They come with questions and, if you can answer them clearly and accurately, customers are sure to buy from your retail store instead of an online counterpart. Check out America's Best Bookkeepers

Build an In-Store Experience

Unlike in the past, when retail stores could sell enough just by displaying their products for sale, you need to define an experience that sets your brick and mortar store apart from something that customers can find online.

You need to provide a unique experience relevant to your brand in the store. This might be interactively displaying your products, including details about your products that would otherwise not be found online. Try to increase the interactions that your store staff has with customers. This should not be any interaction, as emphasized above, and it should offer knowledge. Another innovative idea is to engage a customer’s five human senses (smell, touch, sight, sound, and taste) during their interaction with a product. Of course, you can’t engage all senses simultaneously, but any engagement gives you an upper hand over online shopping. For example, bakeries can offer taste samples to their customers, a mobile phone brick and mortar store could offer live interaction with different smartphones. It is recommended that you do your best to increase tactile interaction, which online shopping lacks, to help your retail business survive. Check out America's Best Bookkeepers

Going Online

It is commonly said; if you can’t beat them, join them. Similarly, it is an excellent decision to transition your brick and mortar store into a hybrid between regular retail and online selling. After all, online selling has multitudes of benefits. Make the setting up of an e-commerce unit within your brand one of your priorities. Creating a fantastic experience at your store and offering a quick, convenient online option will get you the best of both worlds.

Conclusion

You need to be aware of the needs of your customers and be quick in addressing them. In the current world of innovations, it is crucial for your brick and mortar business to adapt to different changes to retain and get new customers, sustaining its existence.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers