Retail Elements

Services
icon_not_found

Retail marketing is the process that entails everything from how you create the product, how you price it, where you place it for distribution, and how you promote it.

Retail advertising is the process by which retailers use store advertising (online and offline) to drive awareness and interest towards their products to generate sales from their target audience. Through advertising, a retailer attempts to influence their audience to take a specific action.

When you have an offline and online presence, retail advertising needs to be part of the marketing mix. This is going to help you expand your reach, drive more (foot) traffic, and convert visitors into customers.

icon_not_found
image_not_found

Product

First is the Product, which is the physical item that’s being sold.

Price

The second is Price, which refers to the pricing strategy that the merchant uses to sell the item. (Examples include “everyday low prices,” implementing pricing psychology like using “$9.99” etc.)

Place

Third is “Place” which refers to the location or platform used to sell products.

Promotion

Finally, there’s Promotion, which is what the retailer does to get the word out and entice sales.