Considered old-fashioned by some business owners, catalogs are still an effective way to target certain markets for physical products. Not only do catalogs offer an attractive, tactile alternative for customers to view products, but they also let you entice more traditionally minded buyers as well as those who can’t or won’t visit your storefront in person.
Still, going the catalog sales route is not without some pitfalls. For one, many catalogs require that you sell them product at a heavily discounted rate. Further, it’s not uncommon for catalogs to charge additional fees for advertising or product photography. Before pursuing a catalog listing, businesses should make sure the final cost of being featured is cost-effective.
When choosing a sales channel, there are multiple factors to keep in mind. Not only do you have to assess how your competitors are selling their products, but you should also consider the costs of these various methods in addition to customer preferences. Once you determine the ideal sales channel(s) for your business’ needs, then you can add any complementary marketing efforts and watch your products fly off the shelves.
If you’re looking for more ways to increase your revenue, then check out our article on seven ways to increase your business’ sales.