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Among the innovative retail models permeating the market today, Buy Online, Pickup In-Store (BOPUS) has emerged as a prominent contender. This model, also known as “click and collect,” combines the convenience of online shopping with the immediacy of physical retail, catering to the evolving needs of today’s consumers.
Understanding BOPUS
Buy online, pickup in store is a proven retail strategy that allows customers the convenience of shopping for something at a big box store online, with same-day curbside pickup at a local brick and mortar location (or optional delivery via a Gig Driver Network). This strategy provides a seamless customer experience, merging online, in-store, and mobile channels to meet varied consumer preferences.
The BOPUS process is straightforward:
The BOPUS model has gained significant traction in recent years, with BOPUS sales projected to reach $140 billion by 2024. The COVID-19 pandemic further accelerated this trend as customers sought safer and more convenient shopping options. Even as economies reopen, BOPUS continues to be a preferred shopping method, with over 67% of US consumers having used it recently, and supply chains recovering in a post-COVID world where ecommerce is beginning to level back out.
Adopting a BOPUS strategy can bring manifold benefits to retailers, including:
BOPUS drives customers to physical stores, thereby increasing foot traffic. What’s more, according to Retail Touch Points, 61% of customers make additional purchases when they visit a store to pick up their BOPUS order. Consequently, BOPUS can significantly boost in-store sales.
Shipping orders from distribution centers to customers’ homes can be expensive. By offering BOPUS, retailers can save on last-mile shipping costs while still providing a fast and convenient shopping option to customers.
BOPUS offers customers the convenience of online shopping and the immediate gratification of in-store purchase. Customers can avoid shipping costs, receive their orders faster, and have the assurance that their desired items are available in-store. Combined, these elements serve to improve and enhance the customer service model while increasing loyalty and retention.
BOPUS also helps many chains improve their inventory model by combining different tracking systems between storefronts. This improved system helps customers get their orders more quickly and reduces shipping cost while alleviating many inventory management issues of the past.
To successfully implement a BOPUS strategy, retailers must consider the following best practices:
An intuitive online platform is the cornerstone of a successful BOPUS strategy. The platform should provide real-time inventory updates, offer a seamless checkout process with a BOPUS option, and send timely notifications to customers about their order status.
Staff training is critical to ensure efficient order fulfillment and superior customer service. Staff should be well-versed in the BOPUS process, from order receipt to preparation, and customer interaction.
Promote your BOPUS service through various marketing channels to increase customer awareness. Common case use examples include featuring your BOPUS offerings on in-store signage, promoting the benefits via email and social media campaigns and advertising the optional amenity wherever your business can.
Consider using advanced technologies such as augmented reality apps to enhance the BOPUS experience. Newer technologies help customers better visualize products before they buy, and they also are proven customer engagement models, too.
Several retailers have successfully implemented and innovated the BOPUS model. For instance:
BOPUS is not just a retail trend but a strategic tool for retailers to meet evolving customer expectations and drive revenue growth. By offering a seamless and convenient shopping experience, retailers can attract more customers, increase sales, and build customer loyalty.
For businesses seeking to optimize their BOPUS strategy and enhance their shipping logistics, ParcelConsulting.com is an ideal partner. We provide efficient shipping solutions, helping businesses improve their sales and earn more repeat long-term customers by offering low shipping rates and fast delivery. Understanding e-commerce statistics is crucial for online retailers, and ParcelConsulting.com is dedicated to helping businesses navigate this complex landscape.
As the ecommerce industry continues to evolve, retailers must adapt to the ebb and flow to stay ahead of the curve. BOPUS creates a win-win solution that benefits both retailers and customers, making shopping a more enjoyable and convenient experience.
Want to lower your shipping rates with a better strategy and improved logistics? Contact our highly experienced Shipping and Fulfillment Consultants Today at: 833-PARCEL-1. Or send us an email at: info@parcelconsulting.com.