5 Steps to Capturing Fickle Consumers
Posted December 5, 2011 By Mark Simpson
How to catch comparison shoppers..and keep them.
With expendable income being scarce in today’s economy, consumers have become highly skilled at comparison shopping. While shopping for the best deal once required serious effort — driving from store to store and/or comparing catalogs — it’s an easy process now. With just a few clicks, consumers can typically (and quickly) find the best price or sale available. It’s not as though consumers even need to be at home in front of a computer. Smartphones, now almost ubiquitous, allow consumers to have access to this information in their pocket. As a result, consumers are more fickle than ever and cultivating loyalty is a real challenge for retailers.
To meet this challenge, retailers need to deliver value and personalization
as consumers go through each stage of the buying cycle — e.g., price comparison, coupon search, checkout, etc. But there’s never a one-size-fits-all approach for consumers. They come with different budgets, purchasing habits, locations and shopping lists. Where do retailers begin?