Name the event with a link and explain why you chose this event to attend.
Due to working 52 hours a week plus being a full-time night student at McMaster University I was unable to do a workshop during this course period. However, I would like to reflect upon my past experiences from a marketing conference I went to. In April I went to the Retail Council of Canada’s Retail Marketing Conference. My colleague and I went to this event to better our understanding of retail marketing for our jobs at the McMaster University Campus Store. Ultimately, our goal was to learn how to target our demographic more specifically in the retail world.
More information can be found here: https://www.retailcouncil.org/events/retail-marketing-conference.
Who did you meet or interact with at the event? What did you learn from that interaction and what did you contribute to the interaction?
This event had representations from hundreds of retail organizations from small stores to huge competitors. Particularly, my co-worker and I made it our mission to first talk to other representatives from college and university stores as we could connect with them most. Next, we mingled with other individuals from retail organizations as well as panelists who were at this conference.
It was most helpful talking to other school retailers, as they could connect with our demographic of students. We learned that most schools are looking at doing more digital marketing than traditional print. Additionally, we could that a ‘street team’ to help promote the message around campus using part-time staff. This idea was great, and we used it this September during our ‘Welcome Week’ promotions.
What ideas have you walked away with from the event?
My favourite ideas from this conference were the suggestions of a loyalty program and blog surrounding our retail operation. Both of these concepts are something that our store has talked about, however for such a small business it would be a large investment. This is because the framework of our website and POS would need to change to accommodate these additions. Since April, our store is working on the framework for the blog to engage with students on a more creative level. The loyalty program is still a conversation, however requires more time, effort, and money.
Collect a quotable quote from the event.
My quote from this event is ‘the fear of missing out.’ This sentence kept reoccurring multiple times throughout many different presentations as fear is a large pulling factor for retailers. This means that retailers often suggest that consumers must purchase a product as soon as possible before it sells out. Now at the McMaster University Campus Store, we bring in limited edition apparel to create that buzz throughout our platforms.
Will you attend a similar event again in the future? Explain why.
I found that this event was helpful to some degree for or organization, however I do not think I would attend this type of conference again. Although some of the information was applicable to our organization, most of the marketing strategies would only work for big block retail units. Having such a specific demographic on a university campus a lot of the information discussed at this event could not directly apply to our business. Overall, I think this event was still a great experience for my co-worker and I to learn more about the retail marketing industry.
Additional Notes from the Conference.
- Tackling negative perceptions of your store through content
- High prices of textbooks
- Solution: address through blog postings
- Campaign pushed by the product not the medium
- Often our store expects the medium (social media) to push sales of undesirable products
- Ultimately repeating these posts causes us to lose followers
- Example: expectation avid tank tops will have the same reaction as onesies
- Not only push the same things in the same ways
- Try new sale release styles
- The flash sale for high value products ex. onesies was a great idea, however did not work for avid tank tops
- Loyalty program
- We saw this idea at the retreat last year and it seemed successful
- As far as reaching millennial this tactic seems to increase sales
- Website Search
- Capture information from the search bar to see what products are most wanted
- Use this data to push sales on desirable items
- NO BOGOS
- Huge takeaway from this conference
- I think we can relook over our Christmas promotions to be fun and creative, but still easy for buyers
- 6 Principles of Percussion
- Most importantly we need to ensure we are emotionally connecting with our audience
- Using aspects such as ‘fear of missing out,’ ‘selling out of a product,’ or ‘curiosity’
- “Get more out of McMaster” – inclusively
- These elements can be used to build brand loyalty through giveaways, blog postings, and approach to sale tag lines
- Less than 2 seconds to engage with audience
- We should look at creating videos that have
- Movement
- Fast cuts
- Hyper lapse
- Titles – Sound off
- MSU expansion video
- Blog
- Tips for students
- Use a form to push information but not sell products
- CASL
- Must send out an email before July 1st to current subscribers
- Keep documentation, archive, audit templates
- Millennial Consumer
- Huge purchasing power
- Not interested in traditional marketing techniques
- 2 seconds to grab their attention in creative ways
- Videos
- Other noticeable points:
- Email discount coupon for subscribing
- Creating a sale that is meaningful, not just to have a sale
- Some MUSC sales this year
- Having buyers and marketing work together to find what type of sales work for what products
- Let’s be creative and try new things!
- We should look at creating videos that have
- Try new sale release styles
- High prices of textbooks