Rakhi Rajani is an innovation consultant who identifies 5 opportunities for retailers: 1) sell to the senses by allowing consumers to interact with products, 2) prove products by revealing craftsmanship to build confidence, 3) simplify the path to purchase by removing obstacles, 4) address the paradox of choice by curating collections, and 5) create 'stumble upon' moments of discovery. She encourages retailers to think about how to simplify their purchasing process, reinvent the retail experience, and design flagship digital stores.
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Trends in retail & opportunity for customer engagement
6. P E O P L E A R E S I M P L E
Innovation ConsultantRakhi Rajani |
• Need to
• feel welcome
• feel safe
• be greeted
• be noticed
• be listened to
• Retailers need to
• welcome
• re-assure
• greet
• notice
• listen
8. 1 . S E L L T O T H E S E N S E S
Innovation ConsultantRakhi Rajani |
http://hungryformore.org/wp-content/uploads/2013/07/Senses.jpg
• Demonstrate tangible features
• Allow consumers to interact
• Differentiate with display material
• Use device features
• Generate want-ability
9. P S Y C H O L O G Y O F T O U C H
https://www.iconfinder.com/
Innovation ConsultantRakhi Rajani |
• Sensory interaction (touch & smell especially) cultivate ownership
• Interaction = 10 sec to irrational want-ability
• No interaction = rational want-ability (based on features etc)
• (+ Hours of reasoning to talk yourself into (or out of) the purchase)
14. 2 . P R O V E I T
https://www.iconfinder.com/
Innovation ConsultantRakhi Rajani |
• Reveal the science/craftsmanship
• Establish certainty
• Differentiate on skill
• Provide answers to questions
• Generate curiosity
15. P R O D U C T B E L I E F
Innovation ConsultantRakhi Rajani |
• Dilution effect - Irrelevant information leads to extreme judgement &
makes you question validity
• But - Contextualised information leads to confidence
22. 3 . S I M P L I F Y T H E PAT H T O P U R C H A S E
Innovation ConsultantRakhi Rajani |
• Remove obstacles
• Create more H2H moments
• Create moments of delight
• Rethink the P-to-P in tech
• Make it short haul vs long haul
23. M E N TA L & P H Y S I C A L J O U R N E Y
Innovation ConsultantRakhi Rajani |
AdvocacyAwareness
24. M E D I U M S A R E O V E R W H E L M I N G
Innovation ConsultantRakhi Rajani |
http://blog.freespee.com/wordpress/wp-content/uploads/2014/04/path-to-purchase.png
Google Data Images
26. 4 . K I L L T H E PA R A D O X O F C H O I C E
Innovation ConsultantRakhi Rajani |
• Choice can be crippling
• Curate collections
• Demonstrate applicability
• Showcase other peoples decisions
• Provide context
27. C U R AT O R I A L R E TA I L
Innovation ConsultantRakhi Rajani |
• Product + placement
• 35% more likely to buy something if it’s at eye level
• Showcase products and services in context
• Guide decision making
• Build trust to eliminate choice conflict
32. 5 . ’ S T U M B L E U P O N ’ M O M E N T S
Innovation ConsultantRakhi Rajani |
• Discovery vs Search
• Provide the story
• Offer alternatives to interrupt
confusing purchase paths
• Connect See and Buy moments
• Purchase maybe delayed but will
likely happen
https://www.iconfinder.com/