Opinions expressed by Entrepreneur contributors are their very own.
The holiday shopping frenzy — Black Friday, Cyber Monday, and each “deal day” in between — has turn into a staple of retail. In 2024, Black Friday alone noticed a report $10.8 billion in U.S. on-line gross sales, with reductions driving the motivation.
However whereas this season of reductions could drive spectacular short-term beneficial properties, relying solely on vacation gross sales is a threat that retail manufacturers cannot afford to take.
Greater than ever, customers are savvy about advertising and marketing ways, searching for worth year-round as an alternative of ready for seasonal offers. A current survey discovered that 62% of shoppers are keen to change manufacturers if their most well-liked one is simply too costly, and almost half plan to buy at extra reasonably priced retailers. This shift ought to sign a possibility for manufacturers to rethink their buyer retention and worth creation method.
Listed here are three methods to have interaction discount-driven clients year-round, guaranteeing your model stays high of thoughts even after the vacation decorations are boxed away.
Associated: Boost Your Ecommerce Sales — 8 Proven Strategies for the Holiday Season
1. Construct genuine connections that final past the sale
The fashionable client is not simply on the lookout for reductions — they’re on the lookout for that means. Retailers must align with values that resonate with their viewers. For the enduring sport-inspired U.S. Polo Assn. model, authenticity has been our cornerstone. Our merchandise are authentically related to a sport with a wealthy historical past so clients are getting greater than only a brand — there’s a actual story behind it.
Now that we now have partnered with ESPN to broadcast our high tournaments and U.S. Polo Assn. model and life-style content material, we’re in a position to attain hundreds of thousands extra sports activities and model followers the place they’re than ever earlier than. So, it is extra vital than ever that we keep true to who we’re as a result of we now have such a novel alternative to inform our story.
Manufacturers that target storytelling and authenticity can foster a way of belonging that extends far past value tags. For example, our world advertising and marketing efforts spotlight polo’s pleasure, heritage and group, making a connection that drives loyalty. Whether or not by means of social media campaigns, iconic world occasions or in-store experiences, the hot button is to remind clients why they love your model within the first place.
2. Provide worth by means of consistency, not simply reductions
Whereas doorbuster offers would possibly entice one-off purchases, consistency in worth builds long-term relationships. This does not imply slashing costs year-round; it means delivering a price-to-quality proposition that retains clients returning. Staples like Levi’s 501 denims or Nike Air Pressure 1s endure as a result of they’re dependable and iconic.
Our core merchandise — just like the polo shirt and denim — are evergreen items that stability affordability with high quality. These aren’t simply objects; they’re important wardrobe staples that our clients depend on. Retailers ought to establish their “core” and put money into making these merchandise synonymous with their model.
Consistency additionally extends to buyer expertise. Whether or not on-line, in-store or by means of omnichannel touchpoints, clients ought to really feel valued at each interplay. For us, loyalty programs add one other layer of engagement by providing perks that transcend reductions. It is about making a relationship, not only a transaction.
3. Create “moments” year-round to reignite curiosity
The success of occasions like Black Friday and Amazon Prime Day highlights the facility of making pleasure round buying. Why restrict that to at least one season? Manufacturers ought to craft their very own “buying holidays” or moments all year long to maintain clients engaged.
For instance, in Turkey — the place U.S. Polo Assn. has a really giant market however Black Friday is not well known — we launched “USPA Week,” providing unique promotions and fascinating native audiences. The marketing campaign resonated so effectively that different manufacturers adopted go well with. These tailor-made moments enable retailers to seize consideration whereas staying aligned with their model identification.
We’re all the time what different best-in-class corporations are doing, we devour knowledge and be taught from others. Even the highest manufacturers on the earth can be taught from what others are doing of their area and past.
Moreover, increasing your storytelling to incorporate lifestyle-focused content can deepen engagement. For instance, we launched “Discipline & Vogue,” the official digital journal of U.S. Polo Assn., showcasing the highest sporting occasions of the 12 months, our iconic world occasions and our seasonal merchandise in aspirational settings, tying all of them again to our story of polo. As a substitute of focusing solely on gross sales, we share an thrilling life-style that followers and clients wish to take part in.
Associated: How to Beat the Post-Holiday Sales Slump and Crush Your Q1 Goals
Planning for 2025 and past
As we method 2025, the tendencies of value-driven buying and year-round deal-seeking aren’t going anyplace. For manufacturers, the problem is to adapt with out dropping sight of their identification. For us, we’re waiting for the one hundred and thirty fifth anniversary of the game of polo and constructing heritage campaigns to focus on each the game and the model, whereas elevating the customer experience.
My finest recommendation for retailers is to suppose past the subsequent sale cycle. Success lies in mixing innovation with custom, providing worth with out compromising authenticity, and connecting with clients in ways in which make them really feel like a part of the journey — not simply a part of the income.
By specializing in these rules, your model can thrive in the course of the holidays and all 12 months lengthy. In spite of everything, essentially the most significant strategy to earn loyalty comes from delivering worth that goes past value.
