The Real Truth about Retail Therapy

posted in: General 2

The Real Truth about Retail Therapy

 

What we’re doing with retail therapy is we’re desperately trying to regulate our emotions. We don’t like distressing or uncomfortable emotions. So we’ll do short-lived things that make us feel good in the moment” … Joanne Corrigan – Psychologist.

Retail therapy … is it really therapy or is it as Joanne suggests above a “quick fix” for when we are feeling down and need a quick boost or lift? I mean, who doesn’t love a new pair of shoes or a new handbag, or the latest perfume, right? And most of the time when you buy something new, you do feel good, great even. You can imagine how awesome you will look in your outfit with your new shoes or new handbag and the compliments you will get. BUT it is short-lived, because at some point, the indulgence is going to cost you, especially if it something you haven’t budgeted for and it’s a spur of the moment splurge. Once you realised you have overspent, then the depression sets in and so it becomes a vicious circle, of feeling down and depressed, indulging in some retail therapy, feeling good immediately after the purchase, but some time later feeling down once more when you realised you have overspent, yet AGAIN.

If you have clothes or shoes in your cupboard that you have never worn or items in your house that you have never used (we all are guilty of this, although some more than others … just think of the TV show “Hoarders”), then it is time to rethink your retail therapy.

Although retail therapy might work in the short term, it can never cure what’s driving us to shop in the first place, it just temporarily numbs the pain. So … is there a way of achieving a balance?

 

I have come up with a few tips on how to make the best use of retail therapy without blowing your budget every time you feel down.

  1. Always have a monthly budget. (Very Important!) and not just in your head. Write all your expenses down. Every month so you can see exactly where your money is going and then stick to it.
  2. When you feel down, instead of going out and just aimlessly buying, how about window shopping instead? You can look, wish for it, but just don’t buy it. The same goes for shopping online – the wish list is there for a reason. Use it.
  3. Instead of buying those expensive shoes or outfit outright, put them on lay-by or hold for a few days while you think seriously about how much you really need/want them. Maybe after a day or two you will realise that you don’t actually really need them, yes, you may always want them, but the question to ask is, “Do I really need them?”
  4.  Look for alternative things to do when feeling down – phone or talk to a friend, get outside into the fresh air for some exercise, take your dog (or a friend or neighbour’s dog) for a walk, read a book or magazine. The options are endless and sometimes making someone else happy, ends up making you feel happy too. That’s a win/win situation.
  5. Take time to laugh. Laughter IS the best medicine.

 

 

Life is short, yes, but if buying the shoes means you have to live off bread and water for the rest of the month, then the answer is No. Don’t buy the shoes!

So, what is the real truth about Retail Therapy? It is necessary in our lives, we all need it, but the key is not to let it rule our lives and take over our lives, by buying stuff we don’t really need, but want in an effort to make us feel (temporarily) good about ourselves and our lives. What we need to remember with retail therapy, like most things in life, is Moderation. Find a balance. Find an alternative to shopping/buying when feeling down or depressed.

 

Sources:

Vendhq
Fitsmallbusiness.com
Wordstream
Shopify
CampaignMonitor
Pixabay


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About Marlaine Andersen

Leads 2 Business Advertising Co-ordinator and Digital Designer

How To: Set up Advisory Settings

Set up Advisory Settings. Don’t miss out on any leads. Set up or update your Advisory Settings in order to receive leads relevant to your business.
– here’s a quick video tutorial from “The How To Series”.

(Duration 2 min 54 sec)

 


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About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

Featured Company: Isizwe Signage & Design

Who’s who in your Industry? This week we are featuring Isizwe Signage & Design


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About Elaine Cockcroft

I started working at Leads 2 Business in January 2016 and form part of the sales team as Account Executive based in Gauteng.

Featured Project: Nkowankowa Plaza – Building

Featured Project: Nkowankowa Plaza – Building

Description
Construction of a shopping centre with a GLA of 9084m² on an area of 2 hectares on the remainder of erf 2952, Makaringe Street, at Nkowankowa-B, within the jurisdiction of Greater Tzaneen Local Municipality of Mopani District Municipality in Limpopo Province.

 

Status Region
Design Limpopo
Category Value
Building R 100 million+
Industry Timing
Retail 2019 onwards (Opening April 2020)
Sector Class
Private Invited

 

 


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About Melanie Miles

One girl who would rather wear boots than high heels...

Clever Marketing Strategies Retail Outlets use

Clever Marketing Strategies Retail Outlets use

Many years ago, my uncle had a general trading store in a little town called Komga in the Eastern Cape, South Africa. He was building his store up from scratch and had many items for sale. One particular item, a box of pens, had been sitting on the shelf, not selling and were priced at 99c each. He made a sign, wrote the word “Special – R 1.00 each”, put the box on the counter and all the pens were sold within a week.

My uncle’s strategy was visual (no mobiles and social media invented yet) but today’s retailers have many more options at their disposal. Many people are bargain hunters and the words “special” or “sale” are like homing beacons, calling us, tantalizing and convincing enough that sometimes, even if we don’t really need the item, we buy it cause we are getting it on “special”!

In this consumer driven world that we live in, we are bombarded from all sides with marketing ploys and adverts, specials, etc to convince you that THIS is the store, THIS is what I need. To draw the foot traffic into their stores, retailers have many options at their disposal and how they use them will determine if their strategies are working……

Retailers need to ensure that their STOREFRONTS are relevant and enticing, when it is a sweltering 40 degrees outside, gorgeous fur coats draped over the mannequins with lace up boots and scarfs will not set the right tone. INCENTIVES TO RETURN and a LOYALTY PROGRAM, this marketing strategy is widely used and is very successful. If I am faced with two shops, side by side, selling the same merchandise but one is offering me an incentive to enter, boy oh boy, that is the one I am going to choose, I mean, who does not want a free coffee while I browse through wonderful stuff that I don’t really need? And if buying something results in a “kickback” to me (loyalty points etc) that’s the way I am gonna go. SOCIAL MEDIA is a powerful tool utilised in retailer’s marketing strategies, promoting their in-store goods on line and even better when there is a limit to the special e.g. buy 2 leggings for R50, Special ends Monday. Goodness, best I get there right now, good price and it ends soon and I don’t want to miss out! Advertising on FACEBOOK, INSTAGRAM and pinning your goods to a PINTEREST board is always a good idea. REVIEWS! Personally I like to check reviews and they most certainly have an influence as to whether I wish to patronise that retailer or not. BRANDS, lets face it, a lot of people are brand conscious and a brand name beats a no-name brand any day! Retailers have a multitude of options at their fingertips and in order to succeed they need to stay one step ahead of their competitors.

Leads 2 Business takes great pride in producing relevant, comprehensive and updated information in the Construction Industry by publishing new tenders and projects on a daily basis. Our up-to-date, user friendly website is a breeze to operate and will save you time when looking to increase your order book. Do not miss out on this opportunity! For further information on our services please contact me on DebbieW@L2B.co.za , I look forward to hearing from you!

 

 

Sources:

Vendhq
Fitsmallbusiness.com
Wordstream
Shopify
CampaignMonitor
Pixabay


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About Debbie Wessels

I started at Leads 2 Business in April 2008 in the tenders Department and transferred to the Projects Department during the same year. I was appointed Head of Department for Projects from February 2011 to March 2022. April 2022 I started a new adventure as Content Regulator.

Featured Company: Harman

posted in: Featured Company 0

Who’s who in your Industry? This week we are featuring Harman

 

 


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About Amy Steyn

I started at Leads 2 Business in August 2017, so I am relatively new to the L2B family. In my role as Account Executive, I am one of the lucky ones that get to interact with you, the client, on a day to day basis! I'm learning every day, and I look forward to what the future holds at L2B!

Inspiring Mall Designs

posted in: General 2

Inspiring Mall Designs

When one thinks of a mall certain things initially spring to mind. When I think of a mall, it just reminds me of working there. Not knowing what the weather outside is doing, I think they need to build more malls with open-air garden courts or glass roofs. But a Mall all depends on whose mind it is, Clothing stores, grocery stores, appliance stores, movies, restaurants, coffee shops, international chain stores. According to Dictionary.com; “A Mall also called a shopping mall is a large retail complex containing a variety of stores and often restaurants and other business establishments housed in a series of connected or adjacent buildings or in a single large building”.

That is the perspective of the general public. But shall we take another point of view? Today’s malls are not only about what you can get inside but what the surroundings look like. Some of the worlds top architectural firms and designers use eye-catching materials to enhance the retail experience along with art installations and landscaped enhancing gardens.
Nowadays a mall may not be just a mall. The Mall of Africa, for example, is one of the largest, to be built in a single phase in Southern Africa. The 131 000 m² mall was announced as the winner of the Engineering Excellence Award. The Mall of Africa, is part of a mixed-use development which includes offices, residential, retail, a logistics hub, schools, hotels, a hospital, parks, restaurants, entertainment and more. So not just a shopping centre.

The Mall drew inspiration from Africa’s geological beauty, a ‘column-free’ mall design, wide passages, high shopfronts, an undulating roof feature in the middle. Atterbury Property Group says “The Mall of Africa combines the latest international trends, environmentally sustainable materials and technologies. It is designed around new urbanism principles of walkable, mixed-use environments to create a truly cutting-edge shopping experience”.

Sources:
MissNadiaSingh
Dictionary.com

 


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Tender Infographic: Mpumalanga

Tender Infographic: Mpumalanga

Get the inside scoop…

 


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About Marlaine Andersen

Leads 2 Business Advertising Co-ordinator and Digital Designer

Industry Events: South Africa April & May 2019

Industry Events: South Africa April & May 2019

Event:

Smart Procurement World WC

Date:

9 – 10 April 2019

Event Location:

GradWest, Cape Town, South Africa

Event Description:

6th annual Western Cape Smart Procurement World event brings together all SCM and procurement practitioners in the region. Alongside the conference is a showcase of leading solutions and products for the profession. Smart Procurement World is the ideal independent business-generating event! Part of the ultimate procurement and inbound supply chain conference and expo in Africa, the conference provides an opportunity for professional development and updates in supply chain management.

Contact Details:

Email: debbiet@smartprocurement.net

Event Details:

Website

 

 

 

Event:

Harare Indaba

Date:

10 April 2019

Event Location:

Country Club Johannesburg, Johannesburg, South Africa

Event Description:

The Harare Indaba focuses on investing in the resources and mining sector in Zimbabwe and at this time of pending renewal and rejuvenation in Zimbabwe the event addresses the areas such as How will the Zimbabwe economy and more specifically, mining industry, renew itself, What is changing in the country and what will this mean for the mining sector, What will it mean for investors, Mining’s contribution towards regenerating the economy of Zimbabwe, and much more.

Contact Details:

Email: info@resources4africa.com

Event Details:

Website

 

 

Event:

African Utility Week

Date:

14 – 16 May 2019

Event Location:

CTICC (Cape Town International Convention Centre), Cape Town, South Africa

Event Description:

African Utility Week is an event promoting the development in African countries. The show is the one world assembly location, convention and trade exhibition for African vigour and water utility professionals and offers a distinct networking possibility for engineers, stakeholders and resolution vendors alike. This event shows products like discuss strategic and technical improvements in the utility power, water and gas sectors etc. in the Business Services, Power & Renewable Energy industries.

Contact Details:

Tel: +27 21 700 3564
Email: loudon.cito@spintelligent.com

Event Details:

Website
Registration

 

 

 

Event:

Facilities Management Expo

Date:

14 – 16 May 2019

Event Location:

Gallagher Convention Centre, Johannesburg, South Africa

Event Description:

The Facilities Management Expo is the trade expo for the Facilities Management industry: inspiration, education, innovation and it brings together all aspects of facilities management, providing a platform for knowledge exchange, relationship building, bringing exhibitors and visitors alike up-to-date with the latest trends, products, and legislation, face-to-face networking opportunities, and much more.

Contact Details:

Tel: +27 (0)10 003 3082
Email: zeldaj@specialised.com

Event Details:

Website
Registration

 

 

 

Event:

Securex South Africa 2019

Date:

14 – 16 May 2019

Event Location:

Gallagher Convention Centre, Johannesburg, South Africa

Event Description:

Visit Securex South Africa 2019, celebrating its 26th year in 2019, for everything you need to know about security. Encompassing fire protection as well as both physical and cybersecurity, Securex 2019 will once again run alongside A-OSH EXPO, Africa’s leading occupational safety and health trade exhibition.

It will also be co-located with a third expo for the very first time – Facilities Management Expo 2019, the show that brings together all aspects of facilities management.

Contact Details:

Tel: +27 (0)11 835 1565
Email: svens@specialised.com

Event Details:

Website
Registration

 

 

 

Event:

Power Gen Africa

Date:

14 – 16 May 2019

Event Location:

CTICC (Cape Town International Convention Centre), Cape Town, South Africa

Event Description:

Power Gen Africa brings together international business leaders and technical experts committed to POWERING UP A CONTINENT and features a comprehensive conference programme and extensive exhibit floor. The event spans all aspects of centralized and distributed power generation along with leading technologies in power transmission and distribution and focus on various aspects of power needs, resources, and issues facing the electricity generation industries.

Contact Details:

Tel: +44 (0)20 7384 8036
Email: exhibitpgaf@clarionevents.com

Event Details:

Website
Registration

 

 

Event:

Western Cape Property Development Forum

Date:

16 – 17 May 2019

Event Location:

Century City Conference Centre, Cape Town, South Africa

Event Description:

The Western Cape Property Development Forum will cover areas like Learning from successfully completed developments, Highlighting potential development opportunities for local developers, Identifying practical solutions to alternative electricity sources.

Contact Details:

Tel: +27 21 914 2888
Email: registrar@sbs.co.za

Event Details:

Website
Registration

 

 

Event:

CIO Mining Africa Summit

Date:

22 May 2019

Event Location:

Summit Place, Pretoria, South Africa

Event Description:

CIO Mining Africa Summit is an event for digital and IT sector companies. The event is expected to attract over 200 participants from over 20 countries. The event aims at uniting Minster’s from Africa’s most established and emerging mining economies with global mining executives, investors and service providers to meet, share ideas, connect and encourage greater partnerships & stakeholder engagement. The conference will cover areas like Digital Transformation in Workforce management in mining, Reinventing IT to respond and adapt to the industry economic downturn demands on the IT function, IT spending during a slump, Creating and Sustaining an industry leading position through Effective IT Governance.

Contact Details:

Tel: +44 (0) 7929 238 382
Email: darren.roach@energlobeltd.com

Event Details:

Website

 


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About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

Directory Ranking: Tips That You Need to Know

posted in: General 0

 

This won’t be a long read but I promise it will be worth your time 😉

As you are all aware we have an extensive directory that lists anyone from Painters to Civil Engineers and anyone in between, in other words – anyone that you will ever need in the construction, civil and mining industry…you’re welcome!

In amongst this vast array of professionals, vendors and contractors you get our Buyers.

Our Buyers are subscribed to our Leads 2 Quotes (L2Q) platform, aka The Pricing Platform. They use our directory to price their tender documents by sending out Request for Quotes (RfQ’s) and in turn, get to know and appoint sub-contractors for those specific contracts if and when they are awarded the contract.

On our directory, we also have our vendors who are active to receive the above referred to Request for Quotes (RfQ’s). You can be a non-paying Vendor or a paying Vendor (referred to as our Open Quotes Subscribers), both Vendor and Open Quotes subscribers will receive RfQ’s and will be able to price or decline online and view specifications or drawings should the contractor upload these.

The major benefit of being subscribed to Open Quotes is – that you will receive all award information for all Request for Quotes received! This gives you the opportunity to send your prices to the awarded contractor too! You will also be able to ensure that your directory entry is up to date to ensure that you receive the relevant Request for Quotes as well as ensuring that if anyone wanted to contact you that they could successfully.

So after some background information let’s move onto the tips on how you can improve your ranking on our directory. This just means that the better your company scores the higher it will rank in position on the list of companies (vendors or suppliers) our buyers see when they want to send out Request for Quotes (RfQ’s).

See tips below:

1) Just price the RfQ’s that you receive

When you receive an RFQ from a contractor please price it online or send it back via email and “reply all” on the email so we can get a copy and make sure that the positive response is entered into our system (the buyer can see this too).

2) Regularly Update the details on our database

Even if there is nothing to change just ensure that we know that your details are still correct so we can go update it or mark it as still correct and this will help rank you higher, try do this every 3 months or so – if you are an Open Quotes subscriber you can do this from a link on the Request for Quote email you receive:

3) Subscribe to Open Quotes and we can help you get into contact with our buyers

The more contact you make with the buyers, whether it be sending through your prices or sending them your company profile or specials you may be running the more your company name will come up and you are more likely to be remembered and this could lead to your company becoming a preferred supplier/vendor of theirs and ultimately end up with your company ranking higher.

If you have any questions or would be interested in subscribing or updating your details, please send us an email on Directory@L2B.co.za and I will be happy to assist you.

Happy Pricing


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About Sally Nell

I joined Leads 2 Business in November 2011. I started in the Daily Tenders department and later moved to the Directory Department in May 2014.

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