Page 56 - CBM25
P. 56

~ ESW ~





              2. Adding a pre-sale event
              A pre-sale event lets you sell
              items and realise revenue before
              the product hits your warehouse.
              In addition to revenue, there are
              numerous benefits to offering a pre-
              sale.
                 •   Ensure your buying strategy
                     aligns with customer
                     demand
                 •   Market research
                 •   Inform online
                     merchandising
                 •   Reinforce scarcity and
                     exclusivity with your most loyal fans
                 •   Reduce aged inventory

              Adding a pre-sale reduces unsold inventory at the end of the   and purchase at full price—boosts sales and generates buzz
              product life cycle. In our scenario, if a pre-sale enables even   for a brand’s biggest fans.
              an additional 10% full-price sell-through, that’s a total of
              $56,610 in revenue and 13% net profit.           Friends-and-Family Stores
                                                               Storefronts that are private and only accessible to employees
              3. Adding a pre-sale and pre-liquidation private sale   and other brand-designated shoppers, like vendors, help
              A higher velocity of full-price sell-through reduces the   brands move excess inventory by offering it at a reduced
              amount of product that needs to be sold before being   price. But, since the store is only accessible to certain
              written off. So, controlling the final sale audience,   shoppers, brands can offer deep discounts without damaging
              markdowns, and timing protects your brand reputation   brand reputation.
              and profit. Adding a friends and family event and a pre-
              liquidation private sale event to a pre-sale strategy would   Flash Sales
              generate $60,606 in revenue and 21% net profit.  Similar to product drops, flash sales offer a limited
                                                               number of SKUs for a limited amount of time. Flash sales
              Sale Event Options throughout the Lifecycle      are infinitely flexible and allow brands the opportunity
              Pre-sale and liquidation events are only two speciality events   to capitalise on consumer FOMO and move sluggish
              that maximise profits.                           merchandise through discounting or bundling.

              Product Drops                                    As uncertainty continues swirling with little sign of
              Product drops are similar to pre-sales but offer inventory   stabilising, proactive, creative and thoughtful product
              that is already in-house. Offering product drops to   lifecycle strategies are your hedge against external
              segmented audiences that are the most likely to purchase—  unpredictability. ••























                ESW HELPS BRANDS DEPLOY SALE EVENTS QUICKLY AND EFFICIENTLY. TALK TO OUR E-COMMERCE EXPERTS TO DISCUSS YOUR BRAND’S GOALS.








                                                             56
   51   52   53   54   55   56   57   58   59   60   61