{"id":54371,"date":"2022-10-10T23:00:09","date_gmt":"2022-10-10T20:00:09","guid":{"rendered":"https:\/\/iconicerp.com\/?p=54371"},"modified":"2022-10-07T14:14:35","modified_gmt":"2022-10-07T11:14:35","slug":"how-to-sell-more-gift-cards-in-your-retail-store","status":"publish","type":"post","link":"https:\/\/iconicerp.com\/ar\/how-to-sell-more-gift-cards-in-your-retail-store\/","title":{"rendered":"How to Sell More Gift Cards in Your Retail Store"},"content":{"rendered":"\n\n\n
Gift cards. No matter what type of store you have or how big your business is, you\u2019ll likely benefit from carrying them in your shops. As\u00a0retail expert Kevin Graff<\/a> said, \u201cGift cards are God\u2019s gift to retail.\u201d Look at How to Sell More Gift Cards in Your Retail Store.<\/p>\n

Why? For one thing, customers who use gift cards tend to spend more. According to\u00a0a survey by First Data<\/a>,\u00a0\u201crespondents who receive either a plastic or a virtual gift card said that they spent an average of $23.41 beyond the original value of the gift card.\u201d<\/b><\/p>\n

Not only that, but shoppers are also more inclined to head to a store if they have a gift card. The same study found that \u201c51% of respondents said that receiving a gift card prompted them to visit a store more often than they would have otherwise.\u201d<\/p>\n

Clearly, gift cards are a big boon for business, which is why if you aren\u2019t offering them at your stores, you could be missing out on a lot of sales and customers.<\/p>\n

Why are we bringing this up now? Because it\u2019s nearly October, and it\u2019s only a matter of time before (more) people start asking for gift cards.\u00a0A quick search on Google Trends<\/a> will show you that searches for \u201cgift cards\u201d ALWAYS ramp up in December. That\u2019s why if you\u2019re planning to sell them in your store this season, now is the time to prepare.<\/p>\n

Here are 7 pointers to help you market your gift cards and maximize sales.<\/p>\n

1. Increase their in-store visibility<\/strong><\/h2>\n

Display gift cards proudly in your stores to make sure customers actually see them.\u00a0Put them on or near your checkout counter or set up displays in the \u201cgift\u201d section of your shop as well as any other high-traffic areas.<\/b><\/p>\n

Fortunately, pulling this off is both easy and inexpensive. There are plenty of ready-to-use\u00a0gift card racks, shelves, and holders\u00a0that you can use in your store, and prices range from around $3 to $35.<\/p>\n

2. Cross-merchandise them with relevant items\u00a0<\/strong><\/h2>\n

One great way to market your gift cards in-store is to put them near relevant items. For example, if you\u2019ve set up a display for Christmas presents, why not add a gift rack there?<\/p>\n

Target executes this quite well. Check out the example below, in which you\u2019ll see Target cross-merchandise its baby-themed gift cards together with infant toys. Target knows that some shoppers browsing the baby section are likely looking for presents, so it cleverly added a gift card display.<\/p>\n

3. Motivate yourself and your associates to proactively market them in-store\u00a0<\/strong><\/h2>\n

Most retailers adopt a passive approach when selling their gift cards. As Kevin Graff\u00a0pointed out in a previous webinar, merchants often practice benign sales work when it comes to these cards. \u201cThey\u2019re there, and if a customer asks for it, then they\u2019ll sell it to you,\u201d he said.<\/p>\n

However, Kevin notes that retailers have to encourage gift cards more. \u201cIt should be part of your add-on strategy,\u201d he added. You can, for instance, start mentioning gift cards at checkout or suggest them to customers who haven\u2019t made a purchase and are on their way out of the store.<\/b><\/p>\n

The bottom line is that retailers have to be more proactive in selling gift cards. Once you do that, he says, you\u2019re going to get a bump in the gift cards that you\u2019re selling, and that all translates to more dollars for your store.<\/p>\n

4. Market them across multiple channels\u00a0<\/strong><\/h2>\n

Cover all your marketing channels when spreading awareness about your gift cards.\u00a0In other words, if you\u2019re communicating and marketing your merchandise to shoppers via certain channels, then you should communicate and market gift cards on those same platforms or devices.<\/b><\/p>\n

For a lot of retailers, these channels include physical retail, eCommerce, email, and social media.<\/p>\n

Now, we\u2019ve already covered physical retail above, so in the following paragraphs, we\u2019ll discuss how you can increase gift card awareness via your online store, email list, and social accounts.<\/p>\n

\"How<\/a>Ecommerce<\/strong><\/h3>\n

Invest a bit of time in creating gift card-centric banners on your site so visitors are aware that you\u2019re selling them. This is especially useful during the holidays when consumers are on the lookout for gift cards (more on this later).<\/p>\n

For the rest of the year, it would be helpful to have a permanent gift card link on your site that shoppers can easily navigate to.<\/p>\n

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Do you send out email newsletters or promotions? Why not throw in some gift card-centric content every now and then?<\/p>\n

Other retailers are adding permanent gift card links in their emails. Take Kate Spade, which has a gift card link built into its email template.<\/p>\n

See if you can do something similar in your email marketing strategy.<\/p>\n

Social<\/strong><\/h3>\n

Make your gift card marketing initiatives more social by talking about them on networks such as Facebook, Twitter, Instagram, and Pinterest. For best results, use great-looking images in your updates when promoting your gift cards. You can, for example, post images of your cute card designs and displays or create custom images.<\/p>\n

Here are some examples:<\/p>\n

Facebook<\/strong><\/p>\n

Anthropologies do a good job of encouraging people on Facebook to check out their gift cards. On December 23rd, the retailer published a post telling people who need last-minute presents that they have gift cards available.<\/p>\n

Instagram<\/strong><\/p>\n

Over on Instagram, Dime & Regal<\/a>, a store that sells handcrafted goods, recently posted a beautiful photo of their gift card. Consider doing something similar in your business. If you have gift cards in-store, snap a cute photo and share it on social media.<\/p>\n

If you have gift cards in-store, snap a cute photo and share it on social media.\u00a0Just make sure you don\u2019t overdo things. Promoting gift cards via social is great, but you wouldn\u2019t want to bombard your audience with promotions by talking about them every day.<\/p>\n

As always, it\u2019s best to have a healthy mix of media and messages in your social media calendar.<\/p>\n

5. Create\u00a0gift\u00a0cards\u00a0around specific themes or events\u00a0<\/strong><\/h2>\n

Consumers love giving and receiving gift cards, especially on special occasions. Not only are they the most requested gift item by consumers, but gift cards are ranked number 3 in the list of items that consumers give out during the holidays.<\/p>\n

This is why it pays to invest in occasion-specific gift cards. In addition to the general cards that you offer, you should consider designing or creating gift cards for special events such as birthdays, Mother\u2019s Day, Valentine\u2019s Day, etc.<\/strong><\/p>\n

Take Starbucks, for example. This year,\u00a0the coffee company released limited edition Mother\u2019s Day gift cards, complete with matching boxes to store them\u00a0in.<\/p>\n

Depending on your store, there are some occasions that you should pay more attention to than others. For example, if you\u2019re selling merchandise for babies and kids, then you could create gift cards for baby showers or kids\u2019 birthdays. Running a men\u2019s clothing store? Consider stocking up on Father\u2019s Day gift cards.<\/p>\n

6. Offer printable gift cards<\/strong><\/h2>\n

Modern shoppers want to get their hands on their purchases in a way that\u2019s fast and convenient \u2014 and gift cards are no exception.<\/p>\n

To that end, consider offering a \u201cprint-at-home\u201d option for your gift cards. This is a great way to engage your online customers, as well as last-minute shoppers later in the season.<\/p>\n

Sips by, a tea subscription service, provides an excellent example of printable gift cards. Simply select the gift card quantity amount then add it to your shopping cart. At checkout, you\u2019ll be able to choose between downloading a printable gift card or scheduling an email delivery.<\/p>\n

7. Consider marketing them to people outside your target clientele\u00a0<\/strong><\/h2>\n

When marketing and advertising gift cards, don\u2019t just think about your target customers;\u00a0<\/b>also consider the people who would be buying gifts for them.<\/i><\/b>\u00a0For example, if you own a spa, then you might consider targeting husbands looking to purchase gifts for their wives.<\/p>\n

This is a great tip to put to work when you\u2019re running ads. Say you\u2019re advertising on Facebook. Instead of just focusing on users who belong in your usual customer demographic, think of people outside that group who may be gift shopping, and then target them. Run a few tests on this approach and see what works for your business.<\/p>\n

8. Market gift cards at other retail stores<\/strong><\/h2>\n

See if you can get some gift card shelf space at other locations. Contact local retailers (preferably those that\u00a0complement your products) and see if you can strike up a deal. Perhaps they\u2019ll agree to market your gift cards if you display theirs in your stores.<\/p>\n

Also, consider getting in touch with regional chains such as grocery stores to see if they\u2019d be willing to sell your gift cards. Do note, however, that the other party may take a significant chunk from sales, so only take this step if it makes sense for your business.<\/p>\n

Rely on smart and updated POS software<\/a>\u00a0and the right people to manage your business operations smoothly while you prepare for the next steps of your business.<\/p>\n

Don\u2019t forget to follow us on\u00a0Instagram<\/a> for more restaurant trends and updates! How to Sell More Gift Cards in Your Retail Store, How to Sell More Gift Cards in Your Retail Store, How to Sell More Gift Cards in Your Retail Store.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Gift cards. No matter what type of store you have or how big your business is, you\u2019ll likely benefit from carrying them in your shops. As\u00a0retail expert Kevin Graff said, \u201cGift cards are God\u2019s gift to retail.\u201d Look at How to Sell More Gift Cards in Your Retail Store.<\/p>","protected":false},"author":1,"featured_media":54384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"_joinchat":[],"footnotes":""},"categories":[320],"tags":[249,295,296,238,247,246,217,233,182,221,243,297,225,298,299,229,245,239,300,240,237,226,251,301,253,254,302,223,241,242,227,218,181,255,256,303,228,258,304,305,306,259,260,219,230,250,244,307,232,308,248,220,236,257,222,309,234,231,235,224,310,311,252,312],"class_list":["post-54371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ecommerce","tag-aliphia","tag-best-pos-system-for-restaurant","tag-busy-clover","tag-clover","tag-daftra","tag-dexef","tag-epos","tag-epos-now","tag-erp","tag-erp-software","tag-foodics","tag-free-inventory-software","tag-ginesys-in","tag-gofrugal","tag-hdpos-smart","tag-helcim","tag-investopedia","tag-it-retail","tag-it-retail-jio-gst","tag-korona","tag-lavu","tag-lightspeed","tag-loyverse","tag-marg-retail-pos","tag-matgry","tag-medaderp","tag-mrl-posnet","tag-mybillbook-in","tag-odoo","tag-oracle","tag-paycafe","tag-point-of-sale","tag-pos","tag-pos-meaning","tag-pos-system","tag-posist","tag-quickbooks","tag-restaurant","tag-restaurant-pos-software","tag-restaurant-pos-system","tag-restaurant-software","tag-restaurants-near-me","tag-restaurants-nearby","tag-retail-software","tag-revel","tag-rewaatech","tag-sap","tag-saral-pos","tag-shopify","tag-shopkeep","tag-smacc","tag-software","tag-square","tag-square-pos","tag-tally","tag-tally-shoper-9","tag-toast","tag-touchbistro","tag-upserve","tag-vend","tag-vend-pos","tag-whatsapp","tag-zoho","tag-zopper"],"yoast_head":"\nHow to Sell More Gift Cards in Your Retail Store - IconicERP Cloud<\/title>\n<meta name=\"description\" content=\"Gift cards. 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