How An Enhanced Product Range Can Create The Perfect Retail Experience
For any retailer, being able to deliver a wide range of high-quality gift products is essential to cater for all customer tastes. But too much choice can be unhelpful, leaving customers struggling to decide.
An enhanced product range treads the fine line between not having enough products to reach critical sales mass and having too many products, which can cheapen your brand and lower quality. In addition, choosing a wholesale gifts supplier who aligns with your ideals and goals means you’ll have access to ranges which add value to your shop and your entire sales process.
Creates Opportunities To Upsell
When you offer an enhanced and varied range, you can optimise your sales by placing complementary products together. Putting similar high-quality items side-by-side can encourage shoppers to opt for a more expensive model or buy an additional product. By having a varied range of products available, you can also draw customers in by creating limited-time offers or incentives.
Become A One-Stop Destination
As a UK retailer, stocking a wide range of wholesale gifts means customers can get everything they need from you. They won’t need to shop around because it’s right there in front of them, saving them time and effort and allowing them to see you as a reliable source to make a purchase.
Position Your Business As The Expert Or Industry Leader
You’ll position yourself as an authority in your market by providing a high-quality, extensive range of gifts. The depth of range can support your value proposition and communicate to your customers your business is expert. This encourages and builds trust as well as fosters customer loyalty.
However, retailers need to keep an eye on the data to maintain a balance between extra choice producing extra sales and too much choice diluting existing sales.
Ability To Adapt Rapidly To Changing Trends
By choosing a wholesale gift supplier with an enhanced range, you’ll have access to seasonal variations and can quickly adapt as the public mood alters. New products can complement existing ones, making them more attractive and substantially reducing customer loss to competitors with higher-performing ranges.
It’s essential to monitor sales to ensure the addition of new products is adding to the bottom line rather than simply adding extra inventory and taking up valuable space. You can also use it to identify weak products that need to be phased out and replaced with new ones to maximise profitability.
By working with a wholesale gift retailer that offers an enhanced range, you can provide customers with products that add real value and encourage them to come back again and again.
Contact us to learn more about the best product ranges available for your gift shop.