))
250. Designing Certainty: Behavioral Strategies for Indie Retailers in an Uncertain Economy
Manage episode 487009797 series 3561585
Content provided by Savvy Shopkeeper, LLC and Kathy Cruz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Savvy Shopkeeper, LLC and Kathy Cruz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
When economic uncertainty rises, consumers don’t just “spend less,” they fundamentally change how they make decisions. Research shows that during periods of instability, people shift from “promotion-focused” thinking (seeking gains and opportunities) to “prevention-focused” thinking—avoiding losses and protecting what they have.
Your customers aren’t just being more careful with money; they’re operating from an entirely different psychological framework.
If you, as a retailer, can’t adapt your marketing strategy to better fit this mindset, it’ll be difficult to grow or even maintain your current sales or recover from a dip.
Listen to episode 250 for six behavioral strategies to build certainty in uncertain times. For show notes, visit www.savvyshopkeeper.com/episode250.
Kathy Cruz is an Independent Retail Coach who helps store owners work smarter, profit more, and grow their brick and mortar businesses. Connect with Kathy and learn more here:
Website & Mastermind Group: Savvy Shopkeeper Instagram: @savvyshopkeeper
286 episodes
Share
