Is a pop-up location for you?
A popup location is a temporary physical location that is set up for a short period. Popup locations are often used by businesses to test out a new product or service. They offer an exclusive promotion or provide a convenient location for customers to buy something or get more information. Some mobile pop-up locations are moved around, while others remain in the same place for a set duration.
For consumers, a pop-up space offers a more diverse and changing retail landscape for them to experience. This way, physical retail starts to effectively mimic the benefits consumers experience when shopping online. Consumers are often encouraged to visit – with exclusive discounts or giveaways, or a chance to get early access to new products. And let's not forget, there is value in being able to see a product before committing to purchase.
Expandable provides options for both short-term and long-term pop-up locations. Take a look at some of the examples above!
Benefits of a pop-up space
- Product launch – a pop-up location is a great way to introduce a new product or product line to your audience.
- Reach new prospects – a pop-up shop in a new area allows you to reach out to a new potential crowd.
- Sell more or clear out stock – while the trend is certainly shifting, physical stores are still premier purchase locations. A temporary storefront is an ideal way to sell more merchandise or get rid of excess inventory. It can boost sales, or it might help a business get rid of last year's collection.
- Market research – a pop-up event is the ideal contact point to assist you in market research. Data acquired through promotions, events, or competitions helps you understand your target clients better. This may be crucial in directing corporate actions in the future.
- Brand experience – a pop-up location can be utilized to provide enjoyable experiences, or strengthen your brand image through customer engagement. Despite how effective online shopping might be, nothing beats in-person communication.
- Do a retail try-out – try out new retail locations before making a bigger financial commitment. Brands wishing to increase their presence can experiment at new locations.
- Test physical retail – are you an online business looking to dive into physical retail? A mobile pop-up space can help you make this decision.