Megaventory Blog - Online Inventory Management Software, Order fulfillment and Control System
This is the company blog for megaventory, an online software that helps small businesses that buy, sell and manufacture physical products to manage sales, purchasing, manufacturing and inventory. We blog about new features and updates but also about enterprise software, small businesses, cloud computing and the industry in general.

Thursday, October 5, 2017

Why You Should Integrate Online Tactics Into Your Brick and Mortar Retail Shop

This is a guest post by guest contributor Mitch Pazanski



Shopping at traditional brick and mortar stores might be a lot of fun, but shopping online can be far more convenient. When we’re slumped on the sofa after a long day at work, we can just pop online, do a bit of searching and make a few purchases.

It’s so much easier than getting into the car, driving through the traffic and finding a parking spot before we’ve even arrived at a physical store.

The numbers are in: Over 70% of shoppers think they’ll find a better deal online, while 60% of American shoppers don’t like shopping in crowded stores.

However, not all is lost. 56% of online stores still have a brick and mortar store because they know people continue to enjoy the brick and mortar shopping experience. As Forbes points out, brick and mortar stores don’t need to die - they just need to evolve.

Let’s take a look at why you should integrate online tactics into your brick and mortar retail shop.


The Millennials Are Here, And They Want More Buying Options



Millennials have grown up during an epoch in history that is defined by technology. Consequently, they’re the group of shoppers that are using tech the most. They have grown using brick and mortar stores and online eCommerce stores - and expect to be able to enjoy the best of both these worlds with every shopping experience they have. This is why improving and expanding your business with online tactics is essential, if you are to keep the millennial shopper happy. They use numerous devices to make purchases, with their mobile phones now essentially acting as digital wallets. Moreover, Generation Z are hot on the heels of the millennials - and they’re growing up fast.




Once Online, You Can Understand Your Customer Better



One of the problems faced by a brick and mortar store is that you don’t really get a good chance to understand your customers needs extremely well. According to a survey carried out by RetailDive, no more than 43% of customers are willing to share information after they’ve made a purchase in a physical store.

This means you still don’t know over 50% of your customers. As such, you can’t personalize their shopping experience.

Online is a different story. You can use Artificial Technology to better understand your customers and their buying habits. This is important. Faced with so many buying options and sales channels, the 21st-century shopper is becoming harder and harder to understand.

AI presents you with data on consumer habits that you can then analyze and make good use of. This will help you to keep up with your competitors who are also trying to understand their customer. You can understand your own performance metrics online better too, including what your customers are searching for once they’re in your online store.




Enhanced Customer Experience


For your customers to like your brand, you need to treat them well by delivering a personalized experience. As mentioned above, AI can help with that.

AI also enhances the customer experience in ways that help to build your online presence, thus bolstering the reputation of your business as a whole. The more personalized you make the shopping experience, the more likely it is that a customer will be satisfied and retained.

Chatbots can help. Nothing more than a piece of software which chats to your customers, chatbots are on-hand to listen to the customer and offer them relevant information that improves their experience and nudges them towards a crucial sale.

The best thing? Chatbots learn the habits of your customers and know them far better than you ever could.


Your Customers Can Order Online And Pick Up In-Store


One of the best online tactics you should integrate is in-store pickup. Why? It’s booming. It’s been popular since US and UK customers were quizzed about it back in 2012.

Another reason why you should integrate this online tactic is because it’s worth noting that people like to research their options online. It saves them time, it means they can easily reserve a product, and even if they don’t buy, they might head on down to your store anyway.

If you go down the route of adding in-store pickup, you’ll need to keep on top of your inventory, both online and offline. There are inventory management apps that help you synch and monitor your product across numerous sales channels. As soon as you sell a product, the apps automatically update your inventory.


To recap, unless you integrate online tactics into your brick and mortar store, you’ll miss out on a huge chunk of your targeted audience. The tactics don’t take long to master, and once learned, they will help you expand your business.


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Mitch Pazanski is head of the art department at MightySkins, a company that leads the internet in custom designed skins for your devices. He helps design the DJI Mavic skins offered by the company.