Did you know that? One in three people become aware of new brands at the point of sale (PoS) by browsing - and may make a spontaneous purchase (IDH Consumer Report 2023). The importance of effective merchandising at the PoS cannot be overestimated! Many brand companies have already understood this: In Austria alone, they spent around 343 million euros on PoS marketing in 2023 (Austrian advertising market study).
But are these millions being used efficiently? Are they reaching people? After all, two different problems come together at the PoS:
This makes the PoS a battleground for brands, especially if they offer low-involvement products: They are fighting for the coveted 60 seconds in which people decide to make a purchase. Studies show that an astonishing 70% of all purchases are made spontaneously.
What could a solution look like for both sides? Current neuroresearch provides interesting approaches. Our conclusion, in a nutshell: When brands focus on consistency in their PoS communication, both sides benefit - brands sell successfully at the PoS and shoppers are supported in their choices.
This article is about how this works. To do so, we will delve into the exciting field of consumer neuroscience.
We are happy to share our knowledge from over 20 years of experience with you. We ask you to leave your contact details and provide an opportunity for a topic-related exchange. By registering, you will receive free access to our premium content.
Have you already registered? Then log in here.
For the third time in a row, we have been recognised as a top management consultancy by business magazine FOCUS in 2023. Once again this year, the excellent performance and memorable expertise of our consultants was recognised by both clients and colleagues.
We are delighted with this appreciation and would like to thank our clients and colleagues.
Would you like to arrange a non-binding telephone call with us or do you have questions about our offer? Then simply fill out this form and we will get in touch with you as soon as possible.