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Ways Retailers Can Get the Most Out of Beacons

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Beacons have been making waves in the retail world for a while now, and for good reason: these trendy devices are arming brick-and-mortar stores with data and personalisation tools that were only previously available to online merchants.

Beacons not only enable retailers to gather more intel on their in-store traffic (i.e. dwell time, peak hours, parts of the store that are getting the most and least traffic), they also enable merchants to personalize the shopping experience through offers and notifications tailored to each shopper’s previous behavior or location in the store.

Plenty of retailers have already deployed the technology and have seen good results. Macy’s, for example, which tested beacons in select stores in New York and San Francisco, announced that it would be rolling out the technology across all its stores, indicating that its tests were successful.

Meanwhile, the blog 9to5Mac also reported that inMarket, a solutions provider that installed beacons in grocery stores, has seen a 19% increase in interactions with advertised products, and the “App usage was 16.5x greater for users who received a beacon message vs those who did not.”

Clearly, more and more retailers are seeing the value in beacons, which is why in the coming months, we can expect more businesses to adopt the technology.

That said, it’s important to note that implementing beacons successfully isn’t just about installing the devices in your stores and sending notifications. As you’ll find out below, effective beacon initiatives require investments, not just in the technology, but also in your staff, integrations, and relationships.

If you’re thinking of adding beacons to your store, here are a few things you can do to get the most out of them:

1. Give your staff sufficient training

Give your employees “beacon training” prior to unveiling the technology in your store. Make sure they know how the solution works so they can explain it to your customers.

In addition to orienting your staff on the basics and technicalities of beacons, you should also teach them how to derive insights and actions from the technology. Beacons won’t work (very well) unless your employees do, so retailers must empower their staff to be more proactive with the technology.

Let’s say your in-store beacon alerts your associates when a returning customer walks into your shop. In this instance, your staff should take note and see if there’s anything they can do to improve the experience of that particular customer, rather than just letting the beacon do all the work. They can for instance, look at the shopper’s purchase history and use that information to tailor their approach or help them find what they’re looking for.

2. Integrate the technology with your existing solutions

Some beacon providers can connect with third party applications, so when considering a solution, you may want to opt for a program that can integrate with your existing software. In other words, see if you can get your apps “talking” to each other. Doing so will enable you to add functionalities to your beacon solution and allow you to offer a richer shopping experience to your customers.

Take for instance, Swarm Portal, a device that uses BLE technology to provide in-store analytics. By itself, Portal can analyze a location’s foot traffic, allowing merchants to spot trends and make data-backed decisions. But Swarm Portal can also be linked to other software, enabling users to get more functionality. It has, for example, the capabilities to integrate with other POS systems, so retailers can incorporate their foot traffic data with actual sales, and thus monitor conversion rates more effectively.

3. Consider partnership opportunities with stores in the vicinity

Retailers who have shops in malls or shopping centers should consider implementing beacon technology together with other merchants.

As Laura Heller, executive editor at Fierce Retail, said, “For smaller retailers, creating a critical mass as a group seems to be a really interesting option… You have the power of collective marketing dollars behind it, promotions, word of mouth, and in most cases you create a better shopping community where you draw more shoppers into it, and that trickles down into individual stores.”

One company putting this into action is Simon Property Group. Fierce Mobile Retail has reported that the real estate group “is creating ‘smart malls’ by installing beacon networks in more than 200 of its shopping destinations in the United States.”

By doing so, mall-goers can get a smoother shopping experience as they explore various stores in the vicinity, and they won’t have to download different apps or connect to various networks as the move about the mall.

4. Use beacons beyond brick-and-mortar

Keep finding ways to leverage beacons outside the brick-and-mortar environment by figuring out how to use the data or insights you’ve gathered in other channels.

You can for instance, leverage in-store beacons to take note of what people browsed in your store and later use that information to send them tailored offers via email or other media.

Bottom line

Between the results demonstrated by beacons and the massive rollouts initiated by retailers and malls, it’s becoming increasingly evident that the technology is here to stay.

Going forward, retailers will realize that simply adopting beacons isn’t enough to get ahead. In order to stay competitive, they must also invest in people and technology partners to truly make beacons work. Because like most things, it’s not just about the tools, but how you use them that will determine the success of one’s efforts.

Retail Gazette’s Junior Editor worked alongside, Francesca Nicasio: a retail expert to formulate this article.

Published on Friday 28 November by Editorial Assistant

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