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Showing posts with label Retail. Show all posts
Showing posts with label Retail. Show all posts

Thursday, November 4, 2010

Sales Promotion and Personal Selling- Would You Buy Me ?

           For Blackberry, selling products has been growing more and more difficult. With consumers evolving, manufacturers like RIM, have to meet those new customers’ needs and continue to have a good relationship with current customers. Through this process, Sales Promotions and Personal Selling definitely come into play here. As costs of Advertising and Marketing rise through high-traffic channels, companies like Blackberry are turning to a more cost effective way to market: Personal Selling.
Because of today’s Blackberry customer, who is more diverse and eclectic than in previous years, new initiatives and promotions must be outfitted differently; Different sales promotions for different buyers. Several programs are effective however; Blackberry only participates in a few. One use of Blackberry’s promotion strategy is their competitor customers approach. With new devices and manufacturers emerging, the company must be on their toes- constantly. The newest devices released were the Blackberry Torch and the new Curve from the series of the same name. A visible implementation of this strategy is seen with their release of the aforementioned models. As promotions were offered for the device, at comparable prices to similar mobile carriers, competitors were on the same level as Blackberry with regards to price-point.
Rebates are another sales promotion Blackberry and Research in Motion offers. Rebates are given after the initial purchase is made and the documents for the rebate, with a valid sales receipt (proof of purchase), is submitted to the rebates department. With these offers, customers can be comforted that their purchase of the device is a good one given the company’s reputation, quality and price.

Referrals are an important selling strategy that Blackberry and other companies rely on. Word-of-mouth marketing is valuable and caused companies like Facebook, and other businesses to gain national and in Facebook’s case, worldwide acclaim. 
Since a majority of Blackberries devices are sold through third party distributors or retailers, Blackberry’s follow-up is done through these parties. When a sale is made through T-mobile for instance, Blackberry may receive the data and information of the customer and the sale itself however, T-mobile deals direct to the customer and thus removing Blackberry or Research In Motion from its involvement in following up with the customer.
Maybe-just maybe- Blackberry get more involved in the selling process. I don’t think removing retailers who “push” their devices and produces should be eliminated, but as a Blackberry owner myself, it’d be nice to share my thoughts about issues or products should I feel inclined to do so. Remove the middle man from the customer service side of things and Blackberry could strengthen its efforts when creating sales promotions and engaging in personal selling. 



Saturday, October 23, 2010

Retailing Per a Class Discussion

After a class discussion, my mind still spins on the subject of retailing. The shift of retailers over the years has been drastic for some and static for others. With competitors battling it out for the highest ownership of the market, companies have to make the right decisions when it comes to stores.
Apple made a smart decision while other computer stores were closing down to build an image and experience. Small boutiques that once occupied shopping centers and malls now stand alone and continue to thrive. On the other side of the spectrum, many a store has closed after its opening due to many factors. Stores operate effectively when the communities around them find the products useful, and affordable. The fact that 50 percent of specialty stores go out of business after one year is intimidating to entrepreneurs. However, should a company or business have a good or services that are needed or attractive, this risk is worth the taking.
In a day where technology is constantly evolving, retail stores continue to thrive. Blackberry, with very little brick and mortar stores, may be hesitant to begin opening stores to avoid the risk of failure. This is unfortunate given blackberry shares a very even market share with iPhone which has done very well under the Apple umbrella.
I envision a sophisticated, innovative and inviting store with Blackberry products. Departments could be split into divisions: Business, Gaming and Entertainment, and Blackberry World. The business division could provide products, support and solutions for businesses and give companies and business men and woman a place to call home. The gaming and entertainment would be ground zero for all things entertainment. The social media user's best friend and contained all in one place. Blackberry World could be the place for the everyday user. Everything you want in a phone from the company who is the leader in mobile technology.
Concepts are easy. Implementing them is a different story. I hope that Blackberry and other businesses take the risk and create a moving experience in the retail world.