by Ibby Ahmed | Aug 28, 2020 | Auto, Blogs, Culture, Furniture, Multifamily
It has been a whole week since I started working at PERQ as the new Content Manager. An entire week filled with back to back meetings learning the ins and outs of the marketing team, editing and writing, endless iced coffee and lots of laughs. In the the last few months while job searching I was constantly told “you never like your first job.” I can proudly say that I not only love my job, but I am very happy to be here. I feel incredibly lucky to be able to have that.
How can I say love something when it’s only week one? For starters, as Content Manager, I’m in charge of PERQ’s social media channels and writing/editing blog posts and articles. Being in charge of a company’s social media may not sound all that exciting, but I get to add a more human and creative touch to their online presence. Not a lot of businesses want that for their socials. Secondly, the PERQ Marketing team uses agile marketing to structure how they work. All week, I’ve seen how this strategy not only delivers value, it creates a team that works effectively while leaving room for flexibility.
The company culture is probably my favorite thing about PERQ. It’s clear that PERQ is invested in creating a space for employees to collaborate creatively and values our own well being. Even though everything is remote, every morning the team touches base. At the end of every week we go over what went well and what could go better. Every interaction still feels very human even though it’s virtual. Every person on this team has been so welcoming, I already feel at home.
It has been a whole week since I began my role as Content Manager. I may be new but I already feel like a part of the team. I am so excited to be able to grow both professionally and personally here.
by Lauren Spears | Jul 31, 2020 | Automotive, Blogs, Client Education, Furniture, Multifamily, PERQ, Podcast
In this final episode of season two of The Bridge, we will take a trip down memory lane and pull the most important takeaways of each episode to help you take the next steps in your selling journey.
[fusebox_track_player url=”https://link.chtbl.com/6wyKnNBQ” title=”Season Two Recap” social_linkedin=”true” ]
This season has been nothing short of unexpected twists and turns as we figured out how to weather the pandemic. What started off as in-person recordings, quickly pivoted to Skype calls for the majority of our guests. What a blessing in disguise that was as we were able to meet and connect with so many amazing people. Thank you for sticking with us!
It was our goal this season to focus on sales and connect you with individuals who could provide insight on how to connect with shoppers online and transition the conversation and ultimately the sale, at an onsite physical location. We learned how to enhance the buying experience and with all of the world changes, pivot to a more virtual consultation and tour setting.
We hope you enjoyed listening to season two and we can’t wait to bring you more laughs, conversations, and insight in season 3. Happy podcasting!
Listen to the full recap episode here.
Listen to an Episode
Using Virtual Tours in Your Multifamily Community
Learning to Leverage Digital Sales Leads
Transforming your Team with Digital Sales Training
Personalizing the Customer Experience with a Sense of Urgency
The New Reality of Virtual Apartment Tours
Bridging the Gap Between Online Acquisition and Onsite Conversion
Success Goes Beyond Data
Learning Sales Enablement Without a Playbook
Connect with the Guests
Episode 1: Matt Weirich, Jordan Easley, Realync
Episode 2: David Kain, Kain Automotive
Episode 3: Bryan Scott, Big Sandy Superstore
Episode 4: Desiree White, Colin Cloud, NE Property Management
Episode 5: Jenna Miller: Bozzuto, Margaret Henney: Covideo, Matt Weirich: Realync
Episode 6: Robert Lee, Hy.ly
Episode 7: Ellisa Fink
Episode 8: Irina Soriano, Seismic
by Kristy Esch | Jul 28, 2020 | Blogs, Furniture
Good digital advertising brings customers exploring their next furniture, appliance or mattress purchase on your website or into your physical showroom. That’s the goal. Connect consumers to your products and let your sales team do the rest.
Today’s digital advertising options may seem overwhelming. The results of traditional advertising — broadcast, print, direct mail, and outdoor — provide limited insight into effectiveness and don’t permit brand interaction. Digital advertising delivers specific details on prospects and their behaviors, valuable data to influence how you adjust your message and ads.
Digital advertising’s dynamism requires continual learning as well as ample opportunity. The digital ad spend in the U.S. for the first six months of 2019 totaled $57.9 billion, according to a report from the Interactive Advertising Bureau. Digital ad spending eclipsed traditional media spending in 2019, and continues to grow exponentially as more avenues and new technologies reach customers.
Even though the digital advertising space will inevitably continue to evolve, avoid these three mistakes so you can start reaping your return on investment.
Analyze. Adjust. Adapt Your Digital Advertising.
Digital Advertising Mistake No. 1, putting your digital advertising on cruise control. Unlike traditional advertising, digital efforts require the advertiser to analyze data, adjust their spend or messaging, and adapt efforts to meet customers’ needs. Sounds like a lot of work? Help yourself through this process and invest in the right technology. The proper metrics from your selected channel plus CRM data provides valuable insight.
“Setting up digital advertising campaigns requires thoughtful consideration, and then frequent monitoring of campaigns once they’re live,” says Ali Mesick, Digital Advertising Manager with Brawn Media. “If your campaigns are not seeing results, try something different. What works for one business may not be what works for another.”
Mesick believes most retailers have some quick wins already available, just by diving into the data. “One of the great things about digital advertising is that you can target very granularly based on demographic, interests, search intent, location, and so much more,” she says. “You probably know your target audience, but there might be a segment you’re not thinking of that’s actually resulting in a great conversion rate.”
Value Your Products and Your Prospects
Digital Advertising Mistake No. 2, not setting values for your products and prospects. Selling a $3,000 sectional requires a different amount of effort than selling a $30 table lamp. Allocate the amount of money and effort you put into your digital advertising to reflect the type of product and desired prospect.
“Think about what products are important to you and most valuable to your business, and make sure you’re putting ample advertising budget behind those products,” Mesick says. “The amount of money you need to allocate to lower price-point items to be successful will not be the same as it is for higher price-point items.”
Acquire data on every consumer interacting with your website and track shoppers across multiple channels and devices. Understanding the customer journey and tying leads back to actual sales informs which products and customers result in the best conversions. As a bonus, these insights enable you to personalize not only digital advertising, but also the consumers’ interactions on your website.
Invest in Your Website
Digital Advertising Mistake No. 3, not investing in your website. You put a great deal of effort into merchandising, pricing, and staffing of physical stores. Apply that same mentality, thoughtfulness, and commitment to your virtual showroom. Your physical showroom is just a three-dimensional catalog without your sales team and the overall shopping experience you offer customers who walk through the door.
Apply that same level of consumer engagement and personalization to your website. In return, you’ll gain more information on customers who interact with your brand. A study conducted by Accenture found 83% of consumers will share their data to create a more personalized digital shopping experience.
“You can spend a whole lot of money on digital marketing, but if you’re driving tons of traffic to an incomplete or dated website, then what’s the point?” asks David Weiss, Marketing Manager at Sherman’s in Illinois. “Websites should be treated like another physical store, especially with 90%-plus consumers beginning their shopping journey online.”
Jacob Sizemore, Marketing Manager at Big Sandy Home Furnishings Superstore, agrees home furnishing store websites are too often missed opportunities for connecting with customers through digital advertising.
“It’s a challenge for the normal retailer to have a website that, in reality, is affordable. You don’t have as much flexibility, and we forget how customers actually like to shop,” Sizemore says. “It’s tempting to fall into the quantity of items over quality of the experience.”
Mesick also stresses the importance of a quality, responsive website — even if a furniture store’s end goal is increased foot traffic.
“Websites with up-to-date inventory are crucial for digital advertising, because they allow you to run a number of different dynamic inventory campaigns,” she says. “If you can serve an ad to someone with the exact piece of furniture they were looking at, they’ll be so much more likely to visit your store and convert.”
This article originally appeared on Furniture World.
by Allison Eckstein | Jul 21, 2020 | Blogs, Furniture
Keeping track of your home furnishing customers may feel a little like a race. A staggered race where each runner starts and finishes at different times. Some run faster than others, some drop out of the race, while others join midway.
Not only do they all start and stop at different points, it may feel like they are running on two different courses, online and in-store, or a mixture of both. Managing the customer’s journey can be a better experience with the right Customer Relationship Management (CRM) platform.
Set the course and track home furnishing website leads by centralizing data in a single platform, a CRM. With a cloud-based furniture CRM system, prioritize follow-up on website leads while improving your team’s productivity and increasing sales.
The e-commerce CRM market is projected to grow at a compound annual growth rate of more than 11% from 2019 to 2024 in what is already close to a $50 billion industry worldwide. Considered an investment with proven ROI as it increases conversions and tracks online lead to sales, a CRM system clearly benefits customers, sales staff, managers and store owners.
Each home furnishing customer’s journey would be very different if it was customized to the specific shopper’s needs, delivering personalized experiences ahead of in-store visits. How successful would your team be if you centralized customer data, prioritized leads based on when they’re in the market to make a purchase, and provided the ability to see unattended customers?
“Our CRM helps because we’re able to go into that customer profile and really dig into what they were looking at on our website,” says Julia Critelli, General Manager at Critelli’s Fine Furniture. “We can go back and see all the pages that they were on and get a better idea of their needs.”
Get Visibility into the Customer Journey with Furniture CRM System
You’re setting your sales team up to lose if you expect them to track every home furnishing customer on every course at all times throughout the purchasing journey without utilizing a CRM furniture retail system. It’s both challenging and time-consuming, if not impossible. CRMs store all your customers’ lead data with detailed histories in one place accessible on any device, empowering your salespeople to form stronger connections and deeper knowledge of the customer.
“With CRM, it is much easier to keep track of leads and whether they have been addressed,” says Justin Bowen, Web Content Manager with The Great American Home Store based in Memphis, Tennessee. “Before, it was not possible for management to see if leads were being addressed and it is now easier for the agent to track.”
With data stored in one place, the salesperson gains visibility into each customer’s preferred form of communication, facilitating personalized interactions with customers based on how they prefer to be contacted. A CRM, for example, should include automated text and email capabilities along with customizable templates. A marketing cloud-based system logs all outreach communications with customers to provide a detailed history of prior interactions. Additionally, a CRM allows managers to assign unattended leads to specific team members, so no sales opportunities get missed.
Less Attrition, More Conversion and Increased Customer Satisfaction
Greater customer satisfaction as a result of personalized experiences should lead to less attrition. Without a CRM, over 70% of online leads fail to convert. Your store’s CRM for furniture sales should filter leads based on intent to purchase or product of interest, as well as color coded leads to determine who you should follow up with first.
Tracking each customer’s desired method of communication, past online history and all prior interactions allows the sales team to provide better customer experiences more efficiently. By utilizing your website to facilitate customer engagement and information gathering, a well-designed CRM frees up your staff to assist in-store customers.
“With our CRM, we’ve seen lead-to-sale performance nearly double what it was before,” Bowen says. “We are also using the system’s marketing emails and have a dedicated person who handles leads. All of those factors have contributed to the performance increase. Our average sale is about 20% higher than what it is in the store, also an increase.”
At Critelli’s, they utilize the CRM to target online leads when showroom traffic slows down. “Our current CRM has helped us increase productivity and efficiency during slower times,” Critelli says. “It’s been a good tool for myself and the sales staff. We are able to look at conversion, hot leads and even export data to sort based on our needs.”
What to Look for to Find the Best furniture CRM system
In a $50 billion dollar industry, there are several CRM platforms from which to select. Finding the best one for your home furnishings business makes a difference in how many customers cross the finish line.
“When a CRM is easy to use, it’s easier to utilize,” Critelli says. “I think that’s a big thing, because if it’s not easy, they’re not going to use it. Managers need to understand the system inside and out to benefit the team.”
In addition to ease of use, select a CRM that includes features to give your organization the best chance of success. A solid CRM not only includes contact and lead management, it also helps manage tasks and tracks conversions, and features campaign management capabilities, reports, dashboards and a mobile application.
Once you’ve selected a CRM, Bowen suggests selling the platform to your sales team. “Sell them on the idea, and spend time defining rules and procedures for how to handle all the various scenarios you will encounter,” he adds. “Make sure everyone undergoes sufficient training.”
“The best systems create wins all around for customers, agents and management,” Bowen says. “Ask yourself if everyone is winning with the system you are using now.”
Are you even using a CRM? If not, Bowen recommends finding a home furnishings CRM that allows you to set up the system and your team in a way that allows you to “respond as fast as possible with the best, most knowledgeable response, and solve the customer’s problem.”
This article originally appeared on Furniture World.
by Lauren Spears | Jul 7, 2020 | Blogs, COVID-19 Resources, Furniture, Technology, Website Optimization
[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]As the owner of a home furnishings store, you have the best intentions to focus on priorities that will make your business successful and generate revenue. Focusing on the customers you can’t actually see is one of those crucial areas that may be hard to prioritize. How often do you have a plan for the day that includes focusing on your website customer?
Odds are you have several things more pressing and more present on your everyday agenda. The tangible responsibilities tend to take over — scheduling deliveries, processing payroll, taking care of the customers walking through the front door. If you have an online presence, you have customers coming in your digital storefront. What do you know about them? Maybe the customer who just walked in the showroom and purchased appliances spent a considerable amount of time on your website first. How would you know?
Getting caught up in the whirlwind of activities necessary to run a business is common. Yet without focusing on all your customers, in-store and online, you may be missing out on more sales. Committing time to define your digital marketing strategy, as much as anything else, is critical to moving your business forward as e-commerce competition increases. Your digital efforts drive customers to your site, now focus on converting those potential leads to actual customers.
Online Data Gives Valuable Insight into Your Customers
Time is valuable for business owners and management, so it’s important to streamline the process for collecting lead data and nurturing the sales process. What do you know about your online customer? How do you collect the data? What are you doing with this information? Nurturing online leads often falls down on the list of priorities when running a retail business, yet without them, there may not be a business.
“Furniture retailers started as traditional brick-and-mortar entities. They have refined the sales process of the person who walks in the door,” says Eric Sears, Account Executive at PERQ. “They are their No. 1 priority to capitalize on at that moment. Other customers are visiting their websites and retailers may not view these activities to understand how to capitalize on those customers.”
Sears adds that home furnishing retailers sometimes give the excuse they don’t have the time to create a process to leverage all online leads. He stresses the value in looking at common online customer behaviors, then building activities based on that learning, which helps retailers create a playbook. For example, if the online customer completes a sleep assessment and indicates back pain and they tend to sleep hot, this provides the retailer valuable information to capitalize on that opportunity and provide specific recommendations automatically.
Find a Lead Management System That Works for You
To drive engagement and increase leads, select a marketing cloud that automatically does the analytical work to understand your online customer using artificial intelligence. An AI-powered marketing cloud and technology can track a consumer using cookies and behavior mapping technology. It collects shopper’s data and remembers them when they return to your website allowing for personalization, such as targeted incentives, recommended products or interactive tools to help guide them along. All of this data provides stores with valuable customer insight, and therefore a more qualified lead. It also gives stores a way to track online leads to in-store sales, so they can measure how well a lead generation source works at converting.
Dave Weiss, marketing manager with Sherman’s in Illinois, utilizes PERQ’s Web Conversion solution. “One benefit is that we only forward the hot leads to our salespeople, so they’re highly qualified and it keeps the volume manageable,” Weiss says. “For the leads that indicate they’re still in the early researching phase, PERQ offers a very nice email nurturing program to keep us top of mind as the customer progresses through their purchase journey. It’s easy to justify the relatively small expense of the solution and calculate the strong return on investment given the number of sales we can directly attribute to PERQ.”
Converting Customers in the Showroom
When retailers collect detailed information on customer behavior, they have more power to convert sales by personalizing the experience for the customer. Weiss recommends being patient with the process. “Through a little trial and error, we’ve developed some best practices for following up and shared that with our teams so they are set up for success with every lead that comes in,” Weiss says. “We find that our hot leads either convert to store visits rather quickly, or not at all.”
Understanding the online customer does take time, but it’s worth it. “Some sort of process is better than nothing,” says Sears. “Without measurements in place, it is difficult to determine the customer journey.”
As a business owner, it’s evident you have more than enough work to do on a daily basis. Consider a marketing cloud as another member of your team, working around the clock, freeing up your time and making your sales team more productive so you can focus on the business at hand.
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Additional Home Furnishings Resources
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by Kristy Esch | Jun 30, 2020 | Blogs, COVID-19 Resources, Furniture, General Communication
[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]Think about the very important people in your life. You care about them and know a great deal about what is meaningful to them. They receive special treatment for a reason. They earned VIP status. Now, consider your customers. They are important people to your business. You care about keeping them happy. Odds are you know a great deal about them, so do they receive special treatment? Are you offering VIP furniture consultations?
Creating exceptional customer experiences can set your business apart from the competition. Ritz Carlton hotels are known for going above and beyond. Management authorizes each employee to spend up to $2,000 per guest per visit to make their stay memorable and personal. A Google search for “Ritz Carlton customer experience” produced over 39 million results. What they are doing works for their business.
In the home furnishings business, arming employees with $2,000 to create an exceptional customer experience isn’t sustainable. Don’t let that keep you from providing a VIP furniture consultation. Begin with defining the criteria for who qualifies as your most important customers and reviewing the sales data. Ensure that this group is indeed worth cultivating and what you offer them will be considered desirable for each customer included.
Create VIP Furniture Consultations With Your Digital Sales Process
Start with what you know about those VIP customers. If they’ve been interacting with your website, gather their useful and insightful information. What are they shopping for, what’s their design style, preferred color, size, brand or desired features? Even better, collect their preferences from the results of an interactive online quiz.
Nudge them to tell you even more and launch the in-store engagement by giving them a way to schedule their VIP appointment while on your website. Without a way to collect this data from your store website, you and your team miss out on gathering crucial customer information and the opportunity to set the business apart by adding value through an in-store design or product consultation.
Ideally, the customer can schedule via your website a VIP appointment from preselected times. Strategically schedule those appointment openings during your sales team’s downtime or the least-busy hours for your store to maximize productivity. If the customer doesn’t schedule online, you still have a meaningful opportunity to reach out to the customer and offer a VIP appointment if you collected their lead data online.
Services You Can Provide the Customer Add Value
Give your customers the feeling they are getting something special and make them excited to visit your store. What can you provide that customer above and beyond what they can do on their own? Without added value, it’s just another visit to a home furnishing store. Strive to help them save time and feel important.
Take the information you’ve gathered through your digital efforts and tailor the experience specific to their situation. Do your homework. Asking questions they have already answered via website interactions may diminish the experience. Remembering their preferences and customizing the appointment to their needs makes for an impactful and effective interaction.
If your customer is looking for a couch in a certain color and size, offer a customized showing of different options. Give them a sneak-peek into recently delivered pieces. Prepare the space ahead of time to resemble the size and shape of the room where their purchase will ultimately be enjoyed. Give your salespeople a head start to think about accessories, lighting and other upsell opportunities.
Prepare ahead and take care of the time-consuming aspects of the transaction. Prepare financing information or get approval from management to adjust the price if required to make the sale. Look at delivery dates and times, and have that information handy to amaze the customer by anticipating their needs.
It’s also important to make them feel special in small yet significant ways. Greet them by name and stun them with your attention to detail by personalizing the entire shopping experience. Offer a special design consultation, drink of choice, a special gift or a chance to win an incentive only open to your VIP consultation customers.
Perfect the Appointment, Then Introduce VIP Furniture Consultations
Make the VIP furniture consultation unique for you, your store, and especially your customers. Once you gain traction and figure out what works, consider taking the next step and create a VIP program. Incentivize your customers and build brand loyalty by offering exclusivity, special offers, discounts and special events. You can also keep customers engaged and motivated by offering a tiered loyalty program. Make whatever you do memorable to create an emotional connection.
According to the 2019 HelloWorld Brand Loyalty Report, the best ways to engage consumers are:
- Surprise offers or gifts for being a customer (61%)
- More convenient shopping process (50%)
- Solving a problem or question (45%)
- Recommending products based on needs (27%)
- Keeping customers up to date on the latest news and products (23%)
- Welcoming customers when they visit (20%)
Creating a VIP furniture consultation and potentially a VIP program takes customer data and some extra work, yet will result in highly engaged and satisfied customers. These customers will continue to give you a return on your investment by providing repeat sales, keeping your retention rate high and providing free marketing through word-of-mouth referrals.
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Additional Home Furnishings Resources
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