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It’s officially the month of love! Traditionally, lovers go out of their way to buy their significant others gifts to express their affection to each other. Common gifts include candies, chocolates, cards, and flowers. Companies who sell these kinds of products usually see a peak in their sales during this time of the year.
But, if you are a pet shop, a hair salon, a food mart, or any other business that is not in any way similar to candies, chocolates, cards, and flowers, the big question is - should you still roll out a Valentine’s Day Marketing strategy?
The quick answer to this is ABSOLUTELY YES! As the gift giving tradition during Valentine’s day has expanded over the years, so do the trends. Let’s take a closer look!
Valentine’s day annual revenue increases every year
The National Retail Federation (NRF) saw an increase on how much people spend for Valentine’s Day each year. In 2021, people in the United States alone spent a total of $21.8 billion. This number grew and escalated to $23.9 billion the following year of 2022. Not to mention, according to The ASEAN Post in 2019, the Philippines ranked top one among ASEAN countries with most spending during this occasion. This data clearly tells us that people are willing to spend more and more during Valentine’s day, which is the top reason why you should push through your Valentine’s Day marketing strategy.
Valentine’s day is being celebrated by everyone now
Valentine’s day has always been seen as a celebration for romantic relationships. But in recent years, people tend to celebrate it for other forms of love too. There are these “single” people who use this occasion to get presents for their loved ones, friends, and even pets. Others also celebrate it by buying or doing something that they love as a form of self-love.
Additionally, it’s becoming more typical to see a group of single people shopping together for an “Anti-Valentine’s Day” party. There are even folks who celebrate “Singles Awareness Day” on the 15th of February. Whatever they are celebrating for, expenditure continues to rise during this month.
Valentine’s gifts are no longer just chocolates and flowers
As mentioned earlier, traditionally, chocolates and flowers are the common gifts being given during Valentine’s day. Each year, 58 million pounds of chocolate and 224 million red roses are being sold for this holiday alone. Although the culture has not totally changed in recent years, these customary presents are now bought only in addition to bigger gifts such as jewelry, bags, shoes, gadgets, and others - more reason for you to believe that marketing your brand this heart’s month would be worth it.
With traditions constantly evolving and with people celebrating it sincerely, ironically, or within the gray area, one thing is for sure - Valentine’s day offers a unique opportunity to raise your first quarter earnings. So, don’t miss this chance!
If you are looking for an innovative marketing strategy this coming Valentine’s day, let iRepublic help!
iRepublic is a cheap and easy website builder in the Philippines that can help you create and implement a fully effective, mobile responsive e-commerce business website. We create affordable websites with a wide range ofwebsite design templates that you could choose from. Our expertise ranges from creating a website for business and website design todigital marketing. Our websites are fully equipped and are also packaged with email hosting - perfect for your small business! Get started on your business’ online journey today.Contact us now and let’s make your business’ online vision happen!