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April 2015 Hello, Ads, promotions, signs...these are all things that businesses and store owners spend money on in order to get shoppers to visit and buy products in their store. While all this money is spent on marketing and advertising, how do they really tell if all of their efforts are effective? The answer to this is metrics. By leveraging past metrics, businesses are able to forecast future patterns, better position themselves and enhance overall store performance. Here's some things that all store owners should consider and be familiar with in order to get the most out of their marketing and advertising efforts. In order to measure outcomes, stores must first set benchmarks. Metrics act as a set of measurements that store owners can use to determine success in different aspects of their business such as traffic, sales and conversion rates. According to the Retail Council of Canada, most store owners already have the key ingredient into receiving metrics, which is data. By pulling the important pieces of information from data, store owners are able to compare results to their objectives, past performance and industry benchmarks in order to determine how they are performing. Why should you measure metrics? The basic answer is it improves your effectiveness and increases your ROI. With so much data and information to process it's sometimes difficult to determine what you should be focusing on and measuring. Since business owners are already competing with eCommerce, one of the most important things to measure is foot traffic. Online retailers have access to information such as when a shopper was on their website, cart size and actual sales , which makes it easier for them to know their consumer. Since store owners are spending a lot of money to advertise and get people into their stores it's important that they measure foot traffic to determine if there was no significant sales increase was due to a lack of conversion or a lack of foot traffic. Measuring foot traffic and footfalls is often neglected by retailers, yet it is one of the most telling metrics. Another aspect all store owners should be measuring is performance metrics. How are certain promotions doing versus others? Are the offers relevant? What drives those metrics? By determining Key Performance Indicators (KPIs) such as frequency of shopping, participation in the loyalty program and variety of categories shopped, retailers can measure these metrics on a consistent basis to determine future performance. By comparing and measuring metrics over time and setting objectives iSIGN in the News Fujitsu news release featured by the follow publications: iSIGN Reports Digital Realtor: iSIGN's solution for the Real Estate Market. Watch the video here .

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Page 1: April 2015 - content.equisolve.netcontent.equisolve.net/isdsf/media/2a0be015da74c0d... · April 2015 Hello, ... The basic answer is it improves your effectiveness and increases your

April 2015 

 

Hello,    

Ads, promotions, signs...these are all things that businesses andstore owners spend money on in order to get shoppers to visit andbuy products in their store. While all this money is spent onmarketing and advertising, how do they really tell if all of theirefforts are effective? The answer to this is metrics. By leveragingpast metrics, businesses are able to forecast future patterns, betterposition themselves and enhance overall store performance. Here'ssome things that all store owners should consider and be familiarwith in order to get the most out of their marketing and advertisingefforts. 

In order to measure outcomes, stores must first set benchmarks.Metrics act as a set of measurements that store owners can use todetermine success in different aspects of their business such astraffic, sales and conversion rates. According to the Retail Councilof Canada, most store owners already have the key ingredient intoreceiving metrics, which is data. By pulling the important pieces ofinformation from data, store owners are able to compare results totheir objectives, past performance and industry benchmarks inorder to determine how they are performing. Why should youmeasure metrics? The basic answer is it improves youreffectiveness and increases your ROI. 

With so much data and information to process it's sometimesdifficult to determine what you should be focusing on andmeasuring. Since business owners are already competing witheCommerce, one of the most important things to measure is foottraffic. Online retailers have access to information such as when ashopper was on their website, cart size and actual sales, whichmakes it easier for them to know their consumer. Since storeowners are spending a lot of money to advertise and get peopleinto their stores it's important that they measure foot traffic todetermine if there was no significant sales increase was due to alack of conversion or a lack of foot traffic. Measuring foot trafficand footfalls is often neglected by retailers, yet it is one of the mosttelling metrics. Another aspect all store owners should bemeasuring is performance metrics. How are certain promotionsdoing versus others? Are the offers relevant? What drives thosemetrics? By determining Key Performance Indicators (KPIs) suchas frequency of shopping, participation in the loyalty program andvariety of categories shopped, retailers can measure these metricson a consistent basis to determine future performance. Bycomparing and measuring metrics over time and setting objectives

iSIGN in the News

Fujitsu news release featuredby the follow publications:

 

 

 

iSIGN Reports

Digital Realtor: iSIGN'ssolution for the 

Real Estate Market.Watch the video here. 

  

Page 2: April 2015 - content.equisolve.netcontent.equisolve.net/isdsf/media/2a0be015da74c0d... · April 2015 Hello, ... The basic answer is it improves your effectiveness and increases your

and goals businesses can determine what's working, what has tobe improved and gain insight into future performance, which will gotowards increasing overall ROI. While it's often difficult to gather allthose metrics and sift through extensive data, there are solutionsout there that help you to find exactly what you're looking for andmake it easy and accessible to get the metrics you want. 

Recent News and Happenings here at iSIGN 

We hope you all had a relaxing Easter! We've been working hardthis month to expand into the bar and tavern channel by starting themini Canadian version of the National Mobile Network, Toronto'sfirst Mobile Bar Network. The first installation, as part of a hundredunit trial was installed into the Wheat Sheaf, Canada's oldest innand will utilize our Bluetooth and WiFi technology to communicatewith patrons.  

We've also received some great news from our Australiandistributor and reseller JEA Technologies! JEA is working withFujitsu Australia, a leading provider of digital media solutions ontwo pilot programs in order to gather data and valuable metrics. 

Lastly we have an update about the National Mobile Networkinstallation into the Golden Pantry Food Stores and are happy toreport that the installation into the first 38 stores is complete andserving as a pilot program. This marks the first phase of the NMNexpansion and currently involves four major national brandsadvertising on the network. Please check our news section andsocial media for more updates as they happen.

As always, if you have any questions about the content of thisnewsletter or would like to discuss iSIGN's upcoming projectsand recent initiatives, please don't hesitate to contact me.   Kind Regards,  Alex Romanov, CEO iSIGN Media

    

Cost­Effective Advertising Platform toTarget IndividualsiSIGN's Smart Antenna is a cost effective, patented marketingtechnology that allows businesses to target proximity basedcustomers, while providing measurable results. Businesses will nowbe able to immediately calculate the cost of their advertising

iSIGN's report on SmartAntenna and iBeacon providescomparison in capabilities,security and deployment.

Read the full comparison here.

Contact UsFor more information about

iSIGN Media, pleasevisit www.isignmedia.comor reach us via email [email protected].

iSIGN Media ­ Toronto45A West Wilmot St. Unit 3Richmond Hill, Ontario

L4B 2P2 

  

      

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compared to actual results to arrive at an ROI (Return onInvestment).  

To view the full video, click here.

iSIGN's Smart Antenna comparison toiBeacon VideoiSIGN's proximity marketing solution allows marketers to target theircustomers with relevant, timely offers, while gathering data andmobile shopper preferences to generate actionable data and revealvaluable consumer insights, without the restrictions of iBeacon.

 To view the full video, click here.

 

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