With this guidance, shoppers can be successful and will buy more. Without this guidance, shoppers are most likely to buy the same products they always buy, at the same frequency, at the same price points.
Shoppers want what they want – but often times they don’t actually know what they want. Yet they’re more likely to buy a product and spend more on related products if the retailer can make intelligent suggestions about which products complement each other and work well together. For example, which pants, shoes, belt and accessories would go well with this top, given the style of this particular brand or retailer?
In this video, Michelle Bacharach, CEO and founder of FINDMINE, talks about how to coach shoppers to be savvier and more successful with the products they buy.
This startup chat video is part of a series. Previous videos include:
An Innovative Way to Scale Brand Expertise
Product recommendations: “How to USE a Product” vs. “You Might Also Like”
Using Image Recognition to Scale a Merchandizer’s Expertise
Being More Agile with SAP Cloud Platform Extension Factory