I recently translated a fascinating presentation about the major changes happening in the retail industry. Although it appears to be all about mobile technology, personalised recommendations and entertainment, the major X factor for successful application is language/communication, and the shadow counterpart: translation.
A Globalised Market | Offering Multilingual and Localised Content
With the advent of the Internet and, more recently, mobile technology, consumers can now purchase products and services anywhere, anytime, from the comfort of their homes, using their mobile phones while at work or during their commute. Options are limitless.
Now many companies take the virtual route, anyone in the world can access their online shops. They can potentially reach anyone on the planet with an Internet connection. But, being able to approach new clients is one thing. Being able to communicate with them is another, a major factor that can make or break sales.
Thanks to surveys, it is now known that Internet users prefer to purchase on a site that provides content in their own language. Offering multilingual websites is really important. You will see the benefit on your bottom line, provided that you used the services of a professional linguist.
The era of brick-and-mortar looks dead and gone? Think again!
The Age of Entertainment and Personalised Services
Physical shops arent’s going anywhere. They simply need to adapt to the new market and the changes in the way consumers purchase items. Mass production is rapidly losing its appeal, and it is now all about offering highly personalised, targeted and bespoke services/items.
Marketing professionals are now trying to figure out what individuals will want and need in the near future. They even possess the tools and algorithms to cater to these needs on a much deeper level. Thanks to predictive personalisation, social media and mobile technology, they can create highly bespoke offers. Using apps and geofencing, they can boost their sales and drive people to purchase goods they weren’t considering buying. Retail 2.0 is here and ready to take your retail experience to new heights!
In order to attract clients in brick-and-mortar shops, creative directors have their work cut out for them. They are now completely rethinking the way products are displayed (magical worlds for kids, etc.), the types of services offered (WiFi lounge, kids playground, coffee lounge, etc.), the way products are available (showrooms, etc.) among other things.
The world is the retail industry’s oyster. And to further its expansion and changes, language and translation will be a crucial part of the process.