28
Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Embed Size (px)

Citation preview

Page 1: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Successful Implementation of Pressure Mapping in Your Retail Store

Prepared for: Date:

Page 2: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Why Mattress Retailers Pressure Map (1/2)

Financial reasons:• Increase floor traffic

• Increase conversion ratio

• Increase average sale price

• Decrease returns

• Differentiate from competitors

Page 3: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Other reasons:

• Help customers decide

• Build salesperson-customer trust

• Provide objective visual evidence Validate purchase decision

Why Mattress Retailers Pressure Map (2/2)

Page 4: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Overcome Challenges to Successful Implementation

Challenge DetailsResistance Sales force may say “I don’t need to pressure map”

Control Control of sales pitch – autonomous vs. corporate owned stores

Leadership No internal champion

Instructions Unclear/lack of guidelines for usage in-store

ROI metrics Defining and tracking ROI performance metrics

Page 5: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Strategies for Successful Implementation

Page 6: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

1. Resistance – “I don’t need to Pressure Map”

Performance Metrics (ROI) Results*

Average mattress sales price Increased ≈ 75%

Conversion ratio Increased from ≈ 15% to 70%

Return rate Decreased from ≈ 8% to 4%

Increased commissions Not available

*Results vary by customer

• Challenge of employee acceptance• Lack confidence• “New” technology• However, excellent results possible:

Page 7: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

2. Control – Autonomous vs. Corporate Owned Stores

Retail Format Tendencies

Likelihood of Positive ROI

with Pressure Mapping

1. Autonomous

• “Not invented here” mentality / lack of “buy in”

• Inconsistent sales pitch between and within stores

• Tracking ROI problematic

Lowest

2. Semi-autonomous/

Franchise

3. Corporate owned

• “Buy-in” less critical for success

• Advantages of well structured sales pitch

• Easy for corporate to centrally track ROI Highest

Page 8: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

3. Leadership - Designate an Internal Project Champion

• To serve as a point of contact for retail stores• That understands the sales process• That understands pressure mapping• That can train newcomers• To serve as a point of contact for Vista • To refine implementation • To report on project ROI • This also needs to be done within each store

(likely the store manager)

Page 9: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

4. Instructions – Create Clear In-Store Instructions (1/2)

Pressure Map Some Customers

Where are you on the spectrum?What will you advise your sales force?

Pressure Map All Customers

Pressure Map 50% of Customers

DISADVANTAGES:■ Not all customers want to be pressure mapped■ Not all customers have the time■ Some customers have strict

budget■ May be inappropriate for low end

mattress tier

DISADVANTAGES: ■ Misses customers that wouldbenefit from pressure mapping

■ Possibility to lose a sale or upsell to higher margin mattress

Page 10: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Assess customer needs

Mention pressure mapping early

Invite those with 2-3 mattresses in mind to pressure map

Explain how it works

Close

Track sales (i.e. ROI)

4. Instructions – Create Clear In-Store Instructions (2/2)

Page 11: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

5. Track ROI – 1/2

• Setting ROI performance metrics is critical. Suggestions:• Avg mattress sales price• Conversion ratio• Returns• Salesperson commission

• Track when pressure mapping used• The number of customers you pressure map

may depend on: • How easily pressure mapping integrates into your

sales “pitch”• Tracking ROI and adjusting the % of people you

pressure map

Page 12: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

5. Track ROI – 2/2

Performance Metrics

Key Questions

Conversion ratio

1. How many people visit the store daily/weekly/monthly?

2. Of these, what percentage purchased a mattress?

3. After using pressure mapping, what percentage purchase a mattress?

Return rate

1. What % of customers return mattresses?

2. After pressure mapping, what percentage return mattresses?

Average mattress sales price (or avg. gross margin)

1. Average mattress sales price before pressure mapping?

2. Average mattress sales price after pressure mapping?

Compare results between pressure mapping stores and non-pressure mapping stores

Page 13: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Case Study #1Key advantage:

• Strong performance metricsPhase 1:

• One system (in R&D)Phase 2:

• Five pilot sites • Within single city• No advertising

Phase 3: • Seventeen pilot sites• Within a region/state• With advertising

Phase 4: • Tracking ROI• Compared 17 pilot sites to a “control site” • The control site performed the same

By using pressure mapping:• Trust between salesperson and customer improved• Customer satisfaction improved

How do we know?• Conversions averaged across 5 pilot stores increased from ≈15% to 70%• Average sale price increased ≈ 75%• Return rate dropped from 8% to 4%

Profile: ■ Retail chain store ■ Carries multiple mattress lines■ Mattress manufacturing capability

Page 14: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Key advantage:

• This manufacturer has a strong internal project champion

Phase 1:

• Started with one pressure mapping system in R&D

Phase 2:

• Implementation in 3 pilot sites

Phase 3:

• Purchased 10 systems

• Tested them in-store

• But without comparison to other sites

Phase 4:

• Implemented systems in 25 markets

• Then started comparing markets/regions

• Utilized various performance criteria/metrics

Case Study #2Profile: ■ Manufacturer■ All stores are corporate owned/ no

competitors in-store■ Mattresses are air adjustable

Page 15: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Case Study #3 • Key advantage:

• This manufacturer has a vision for combining pressure mapping with novel interactive POP displays

• Phase 1:• Started by pressure mapping thousands in R&D

• Phase 2:• Finds a “best fit” to the ideal mattress within its product lineup based on how your body pressure

maps• Based on pressure mapping data set at in-store POP kiosk

• Customer enters weight• Location of aches and pains• Whether wakes up stiff• The system prepares a mattress recommendation

• Phase 3:• Pitches the POP system to retailers so retailers only use the POP with the manufacturer• The POP system travels with the retail mattress lineup• Uses the images of pressure mapping to attract attention vs. competitors

• Phase 4:• Later moved to a more advanced POP kiosk where a computer generated person greets you at

the door

Profile: ■ Manufacturer■ Owns no stores

Page 16: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Case Study #4

• One pressure mapping system per site• Presented customers with two mattress styles

– one soft mattress, one firm mattress around a central computer kiosk

• Customer lies on back/side• Very few moved down to lower value mattress• Average unit sales value went up ≈40%• ≈40% customers also moved up to higher

value units

Profile: ■ Retailer■ Sells 2 lines of free standing mattresses in strip mall

Page 17: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Eliciting “buy in”:• Identify who will be your project champion / team

members• Prepare in-house “how to use pressure mapping”

information (Vista can provide input)• Invite store managers to a “get to know pressure

mapping” meeting (Vista can facilitate)• Designate a few (5-10) pilot stores• Define trial period (3+ months)• Reconvene store managers for post trial period

debrief

Page 18: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Develop elements of the marketing campaign:• Name the pressure mapping system, e.g.:

-“The Comfort Selector”-“The Mattress Selector”- “The Comfort Test”

• Name the marketing campaign: -“Project Sleep Easy”-“Have you been pressure mapped?”-“Tired of a restless sleep?”-“Wake up refreshed”

Page 19: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Develop elements of the marketing campaign:• External communications:

-Flyers-Website-Advertising-Determine what may be on offer, e.g. more robust satisfaction guarantee

• Sample advertising that addresses complaints:-More restful sleep-Irritability -Back pain-Sore muscles

Page 20: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Develop elements of the marketing campaign:• In marketing materials, demonstrate what an

excellent surface pressure maps like vs. another• Include the side lie

Superior surfaceInferior surface

Page 21: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Develop elements of the marketing campaign:• In-house promotional material:

-Storefront displays-Tent cards visible throughout the store-Large screen TV’s-Integrate it with your branding/corporate identity-Give employees buttons to pique customer interest“Have you been mapped?”, “Ask me about pressure mapping”-Place your brand identity on the mat (e.g. Try me!)

Page 22: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Develop Clear Instructions for RSAs:• E.g. Narrow the choices down to three mattresses

and then use pressure mapping • If customer leaving, what should the RSA do? Give

customers a printout of pressure map with sales person name card

Page 23: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Develop Clear Instructions for RSAs:• “Now that you’ve narrowed it down to two mattresses, we have a

sensing pad that can guide you to mattress selection. Can I show you”?

• “We have a system that can help you make a more objective decision”• “We have a pressure mapping system that can help take the

guesswork out of your decision”• “Can I show you a tool we have to help you choose a better mattress?• “Can I show you our latest “comfort selector”. This is the same

technology used for two decades in the healthcare sector to prevent pressure sores”

• “Pressure points cause discomfort. Can I show you where you are receiving more and less pressure?”

• “Pressure points may interrupt your sleep cycles. Can I show you a tool for assessing your pressure points?”

• “Pressure mapping can show you which mattress provides the most support and minimizes pressure.”

Page 24: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Develop Clear Instructions for RSAs:• Consider what criteria RSAs will highlight for customer. E.g.

better mattress is one:-With lower average pressure-Increased body contact with the mattress (i.e. sensing area) -Fewer peak pressure areas-Higher “comfort” index

Page 25: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

ROI Performance Metrics:• Define your performance metrics• Measure the before / after:

Conversion rates Average sale price Profitability per store Number of returns

• Let store managers know how it’s going (e.g. put metrics into the company newsletter or internal emails)

Page 26: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Summary of Best Practices

Refining Implementation:• Refine your implementation based on metrics• Decide which beds you will and will not pressure map (e.g. soft

springs may map better than foam/Tempur-Pedic)• Develop incentives linked to pressure mapping. Customers that

use pressure mapping get free:-Pillow-Delivery-Comforter-Alarm clock-Reading light-10% discount on other in-store purchase

Page 27: Successful Implementation of Pressure Mapping in Your Retail Store Prepared for: Date:

Timeline (month)

Sample Program Activities

1

• Purchase or lease one system

• Receive training and setup/install basics from Vista

• Designate project champion

• Install in one store and become familiar

2

• Identify pilot program stores

• Establish performance metrics (conversion rates, avg. sales price, etc.)

• Draft usage/training guidelines (from how to integrate into the sales pitch to how to record use of pressure mapping when ringing up a sale)

3

• Meet with pilot store managers seek input

• Refine usage/training guidelines

• Develop draft internal and external marketing communications (messaging for brochures, tent cards, advertisements)

• Set launch date for pilot stores

4 -6 • Launch program in pilot stores

• Monitor performance

7

• Review performance metrics

• Pilot project debrief with store managers/salesperson feedback

• Refine training guidelines

• Finalize any outstanding marketing communications materials

6+ • Launch program in additional stores

• Monitor performance