January Furniture Show
19-22 January 2025
1. Incentivise sales in other ways
Traditionally, discounts have been a fail-safe way to boost sales, however as consumer behaviour and views on sustainable retailing continue to change, so too have drivers for purchase. This Black Friday, consider what else you could offer your customers…
2. Focus on re-commerce instead of e-commerce
With all eyes on the circular economy in 2021, we’re seeing some great initiatives from retailers of every shape and size. In an effort to increase their sustainable endeavours, IKEA has announced that on Green Friday, they’ll be increasing the buy-back price for customers seeking to return their old goods for recycling.
Another approach could be to incentivise upkeep products with discounts as opposed to new purchases. This could be a great deal on leather-care products if you sell leather accessories, or a discounted price for reupholstery of a furniture piece.
3. Tell your story
According to Retail With Clarity, if we all bought one more Christmas gift from an independent business this year, we’d reallocate £2.7 billion to independent owners. Not only does this bring much-needed sales to small businesses, but it also aids sustainable movements with less travel and re-investment into the local community.
But what does this have to do with Black Friday? Well, most small businesses don’t have the profit margins or buying power to offer competitive discounts. The good news though is that the consumer mindset is shifting with fewer expectations placed on indie businesses to offer Black Friday deals in 2021 than ever before.
The key to this customer understanding however is openness and transparency. If you’re a small business, don’t shy away from the fact you can’t compete. Instead, use it as a springboard for storytelling by giving your audience behind the scenes looks at your business and what it means when a customer purchases from you.