4 Things You Can Do When You Switch To Digital Price Tags
Clearly displayed prices are key when it comes to making sales. People want to know how much they can expect to pay before they make it to the sales register. Most stores meet this need using paper price tags. However, digital price tags are far superior. Here are four things you'll be able to do when you switch over to digital price tags:
1. Follow trends in the market.
By keeping an eye on market trends, you can change your prices to more accurately reflect the current state of supply and demand. When there's a shortage of a certain product, raising the price on it can earn you more money. Supply prices fluctuate more often in some businesses than in others. Grocery stores are particularly susceptible to this since crops are somewhat unpredictable. Farmers can't prevent natural disasters that may affect their stock. When you invest in electronic shelf labels, you can quickly and easily change the prices on your products as much as you need to. This will ensure you make as much profit as possible.
2. Easily create sales.
When you have too much of a certain product, you may want to create a flash sale to get it off your shelves quickly. This is especially true of perishable items that must be sold before their expiration date. When you use electronic shelf labels, creating sales is as easy as pressing a few buttons on your computer. You can change all the necessary labels quickly and easily. Best of all, you can program the electronic labels to revert to their original prices after a certain amount of time has passed.
3. Eliminate human error.
Even the best employees can sometimes make mistakes. A small error while pricing items can lead to large losses in revenue, especially if a mistake is made when pricing more expensive items. Using an electronic shelf label system minimizes the possibility of human error. The desired price only needs to be entered into the system once, and it can be double-checked for accuracy. This is much easier than labeling each individual unit, which creates the possibility for mistakes.
4. Protect the environment.
Paper retail tags are made from trees. They're single-use, which means many trees may be cut down to supply enough paper for a single store. Electronic shelf labels can be used again and again. They create no waste, so they are healthier for the environment.
Learn more about electronic shelf labels and decide if they are right for you.
Share
