Promotional Strategies
The
store actively places the hottest product of the week (in this case, it is the Samsung
Galaxy S20 smartphone) near the entrance of the store, right to the Apple
products. Thanks to its position, the Samsung phone enjoys a very high customer
visits and is therefore much more likely to be tried and played by its
potential buyers.
JB
Hi-Fi is known for its bold writing product tags and introduction plates, which
still stands true for the Samsung device. This information is also delivered
via the in-store members who proactively approach customers and ask if they require
any assistance.
Although
JB Hi-Fi does not have any formal loyalty program like point collect or other
similar rewards, it does, however, offers competitive prices alongside its
famous JB price which will match any competitor’s pricing should the customer
show the other provider’s listings. Additionally, JB Hi-Fi has a good reputation
for its after-sales warranty service and fair return/refund policy. With those methods,
JB Hi-Fi became the largest consumer electronics retailer in Australia.
Through
their catalogs and monthly promotions like its “Madness sales”, JB Hi-Fi encourages
its customers to purchase from them. Besides, it also teams up with split
payment platforms such as AfterPay to allow its customers to spread out their
repayments.
JB
Hi-Fi nowadays relies equally on both online and in-store sales. As a result,
its marketing strategy has shifted from traditional paper-based poster handouts
to digital advertisements. Promotional links and advertisements can be found throughout
the internet and has become the main tool for the company to identify new
customers.
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