Product Packaging: An Investment for Higher Returns

Product Packaging: An Investment for Higher Returns

Packaging turns out to be one of those elements which have a direct impact on the sales of a product. Hence it is always considered as an investment when you spend on the packaging of your product. Packaging has a massive impact on your potential customers and their buying decision. Hence, every time you think of bringing a change in the packaging of your product, you will have to consider the fact that it will have a direct effect on the cost, brand and sales. Let’s have a look on how packaging has a direct impact on the different aspects of a product:

PromotionPromotion

Your product will obviously be sitting on the shelf of some store accompanied by numerous alike product which turn out to be competitors. The other products shall differ in the shape, size, color and packaging. Hence, you need to implement a packaging strategy which will make sure that your product stands out and competes well. It has to be packaged in a way that not just grabs the attention of the customer but also makes it to the shopping cart.

Footprint

Footprint

There are retailers who calculate the amount of space a product takes up on the shelves and the revenue it generates. If the difference is something that is major, then you might have to pay for the footprint. Package your product in a way that it increases your profit and not your expenditure. For this, you can discuss with your retailer regarding the space and the price that he is willing to charge.

Green EffectGreen Effect

If the packaging of your product uses materials that can be recycled, then this factor acts as a benefit that can be proudly displayed on the packaging. Environmentally conscious consumers will obviously be dragged towards your product and they shall willingly buy your product in no time.

Graphics

Graphics

Through the packaging of your product, you can convey messages and information that will trigger the customer to purchase your product. Graphics that will draw attention and add more value to your product can used. You can always test the graphics first by implementing different designs on the package and then recording which design sells more. So this is how packaging can turn into a canvas for your product.

These were few of the reason how packaging benefits your product and hence turns out to be an investment for the same.