Small Business Saturday Blog

How I measure the success of my pop up?

Monday, August 10 at 09:56How To | We Are Pop Up

When it comes to launching a pop-up for your small business, what’s the difference between a roaring success and a full-on flop? The answer is: there’s no right answer. How you measure success is 100% tailored to your individual project and depends on what you want to achieve. We Are Pop Up has put together these top tips on how to evaluate your pop-up and make the most of the experience for showcasing your independent brand.


Set out your aims

Right from the start your pop-up should have clear goals - these are often different for each project. Whether you are popping up in order to make as many sales as possible, to reach a certain number of Facebook followers or create a media storm in the local and national press, starting out with concrete aims allows you to judge whether each has been achieved at the end of your pop-up. Don’t panic if you don’t achieve everything you set out to in your original plan. Take the results into account and revise your intentions and methods for next time, building on what you have learned.


Budget and profit

You may decide to set targets around revenue from sales. To measure success against spending, track all the set-up costs of the project to see where you spent your money. Include the cost of your stock, the shop fit (furniture, fixtures, fittings), press and marketing (printing and distributing flyers, business cards), signage (vinyls, A-board), website, advertising, business rates, utility bills, insurance, wifi, refreshments and so on.

Now compare the costs with the income generated by your pop-up. That includes revenue from sales and any ticketed events, plus any funding from other businesses, public donations, sponsorship or perhaps grants from local authorities.

Even if your revenue isn’t greater than your expenditure, making a loss doesn’t necessarily count as a failure if a cash profit was not the aim of your pop-up. If your goal was to create a buzz, test a new business concept or access new audiences then profit will be a useful marker, but not necessarily the deciding factor for your pop-up’s success.


Sales

If you are setting out to make the maximum possible sales for your products, make sure you test, listen and iterate on your tactics to find out what works and what doesn’t. Try out different products in your shop and take note of how people interact with them. Which items are the strongest performers and which aren’t working? Use this information to inform your choices on selecting, rotating and shelving stock for this pop-up and in the future. 

If you have an online shop alongside your pop-up, be sure to measure any uplift in sales online too. We Are Pop Up has seen brands enjoying an uplift in their online sales throughout their pop-up of 12-25% on average, which sustain and grow beyond the end of the pop-up.


Customer experience


Engage with your audience by speaking to customers before, during and after your pop-up. How did they hear about you? What do they think of your brand, pop-up, product range? Gather feedback, find out more about your audience and learn if their expectations have been met. Think about how you can maximise interaction with customers beyond the life of your pop-up by collecting email addresses in-store and sending follow-up mailers, offers and updates about what you are up to and what’s coming next.


Social media

Use qualitative data from your social media pages to measure your numbers, including likes on Facebook and Instagram, followers on Twitter and visitors to your website. How do these figures correlate with the activity and duration of your pop-up? Work out which social media posts resulted in the most engagement using analytics tools on each of your social media channels and be sure to use these techniques in the future.


Learn

One of the most important aspects about launching a pop-up is that it enables you to trial a new concept and grow your business in a low-risk and often low-cost way. It is an opportunity to experiment, so be bold and take chances. If you make mistakes, focus on what went wrong and turn it into a positive by learning how you can improve on the project next time. Entrepreneurs and small businesses understand that failure is an important part of the creative process, so use the experience to make your next pop-up even better. And if your pop-up is a roaring success the first time you’ll more than ready to take on the next project, so get back in contact with We Are Pop Up and we will be on hand to take you to the next stage.

To find out more about putting your small business into a pop-up, visit We Are Pop Up

10 steps to launch your pop-up

Tuesday, July 21 at 10:04Planning | Retail Space | Shop Share | We Are Pop Up

Hundreds of independent retailers are hosting pop-up brands with We Are Pop Up’s ShopShare as a way of forming exciting collaborations, pooling their resources and creating a buzz about their business.

In our last article we spoke about how to make sure that brands and retailers find the right match. This time, We Are Pop Up has put together the top 10 steps for brands for launching your own pop-up, to break down the process into a go-to checklist for starting your own temporary retail space.

1. Pick a space

Choose your space wisely, as the location is very important. It should not only suit your budget, but also your brand identity. Find out how far it is from the nearest station or transport links. You want plenty of foot traffic, but make sure it’s the right demographic for your products and price point. Check out the surrounding area, including the neighbouring businesses and the passers-by. Do they match your audience and style?


2. Think about finances

Your budget and the amount of stock you have tend to be defining factors for how large your pop-up will be, its location and its duration. Start with your budget and work backwards. Crowdfunding is an excellent way to top up your budget, and sites like Kickstarter and Crowdfunder are two of our favourites at We Are Pop Up - they can help get financial backing for your project, while also building a community that will be passionate about your concept from the start.


3. Promote your pop up

You need to start promoting early to create a buzz around your pop-up. This can even be before you’ve confirmed your space. Be sure to use a combination of social media platforms such as Facebook, Twitter and Instagram to target your specific audience. Contact any relevant magazines, bloggers and local press to tell them about your concept and launch date with plenty of notice so they can get you in their busy schedules. Drop us a line at We Are Pop Up too so we can put the word out about you on our channels.


4. Tickets

If your pop-up is a ticketed event, use a company like Billetto or Eventbrite to deal with your ticketing. They take away the admin headache and it’s also a useful way to increase the visibility of your pop-up on a platform with an established audience.


5. Design a store that works

Think about colour, layout and theme. It is important to stay true to your brand identity, but a pop-up is also an interesting way to experiment with the message you want to send; create a unique experience and tell a story. Use Pinterest for inspiration - why not start with We Are Pop Up’s Top 10 mood boards to see how other businesses have done it. Layout also has a significant impact on sales - where you place a product in the shop and how it is displayed can be a defining factor. Did you know 64% of products are sold from eye level within a shop?

Hint: take a look at We Are Pop Up’s top tips for visual merchandising and building your brand story here.


6. Test, listen and iterate

Set out your key aims for your pop-up and measure them daily, be it sales, new social media followers, press coverage or otherwise. For sales, try out different products in your shop - pay attention to how customers interact with your items to find out which are the strongest performers on your shop floor as well as what’s not working. From this you can decide what to highlight and what to rotate, to help refine future choices.

It’s also important to speak to your customers. How did they hear about you and what do they think of your pop-up, product range, in-store experience and so on? Not only can you gather valuable information and feedback about your concept, but you can also learn a lot about your consumer base itself in terms of their experience and expectations.


7. Collaborate

Think about how you could join with other small businesses to enhance the overall experience of your pop-up. We Are Pop Up’s ShopShare provides a way to quickly and easily create concession stands, or even form your own micro-department store. Ultimately it allows you to pool resources and extend your reach by accessing the extended community behind each brand.


8. Set up a workshop

Consider creating an interactive element like an in-house workshop or studio, maybe even as part of a ShopShare. From our experience, having this element in the window of your pop-up can increase sales in the shop by 800%. It enables you to demonstrate a product’s unique selling point directly to an engaged audience and also tells the story behind your business in real life.


9. Follow up

Don’t forget, it’s not all over when the pop-up closes. The fortune is often in the follow-up. Collect customers’ contact details in-store and communicate with them regularly beyond the life of your shop. Can you give them a discount flyer to encourage them to repeat buy on your website or come to another event? Keep them up to date with your news, and invite them to the next pop-up.


10. Evaluate and learn

The beauty of a pop-up is that it is an opportunity to experiment, test and learn. Be bold, and take risks. Then afterwards, focus on what went well and what didn’t - learn from any mistakes and plan how to build on successes in your next one. Finally, get back in contact with We Are Pop Up and we will be on hand to take you to the next stage.


Final Thoughts

Launching a pop-up is a tried and tested way to grow your business, get a new brand concept off the ground, test new markets or create a buzz about your next project. There are new pop-up space opportunities daily for you to explore on wearepopup.com and with planning, collaboration and an eye on these top tips for launching, every small independent business can achieve pop-up success.

We Are Pop Up - how to pick a brand match

Monday, June 15 at 14:59Retail Space | Shop Share | Small Business | Start-Up Support | We Are Pop Up

At We Are Pop Up we are passionate about creating connections between independent businesses and creative minds that are ready to embrace a new approach to retail. With ShopShare collaborations you can discover a whole new world of entrepreneurial possibilities.

In our last article, we spoke about how new retail partnerships with ShopShare may be the perfect move for you and your business. This time around we wanted to dig a little deeper and talk about some of the amazing collaborations that are emerging as tenants pop up in shared spaces, and how you can get a slice of the action by making sure you pick the right brand match.

Whilst a ShopShare can provide excellent opportunities for both parties involved, it is very important that there is a good synergy for you to both make the most of the relationship. It’s not as simple as finding a brand, it is also about making sure it’s the right fit - that the space and product together attract the right customers. We Are Pop Up have put together some top tips on making sure that this partnership is a fruitful one.

Have a clear vision 

Many businesses use ShopShare as a way of finding new, emerging designers to strengthen their shop with products that have never been seen before. Glassworks was born from the idea to create a fashion destination for modern women, so Director Lauren Lewis offered up her Shoreditch and Dalston shops as a ShopShare to work with other collaborators who fit the brand aesthetic. They have now hosted over 17 fashion and accessories ShopShare pop-ups in little over a year. Including the likes of Be-Snazzy, Urbiana and Suite Hazen, Glassworks continues to create partnerships with exciting new brands in their goal of discovering talent.

Get the mix right

Having the right fit is important to ShopShare success. Chris Shelley, Manager of Lanna, a jewellery shop in Notting Hill, collaborated with Dar Leone, a globally inspired range of homeware and lifestyle products. “When Dar Leone approached me I knew her jewellery designs would fit right in. I think it’s important to get that mix right, otherwise it’ll make the shop look a bit odd and won’t be a good selling experience for the pop-up.” Creating a dynamic like this means brands can seamlessly link in with your existing products, enhancing your overall brand story as well as theirs.

Use your imagination

Thinking outside the box can also make for interesting and eye-catching matches. McQueens florists and Black Vanilla gelato joined forces to create a unique ShopShare, collaborating to make gelato flavours inspired by floral scents – English Rose Petals, Mint and Lime, and Madagascan Vanilla. The romanticism and beauty of both products coming together made it an excellent match, and its originality captured the imagination of local media helping both businesses gain significant attention from the press.

Match your demographics

Like all collaborations, finding the right partnership is essential to ensuring the success of a ShopShare. Pip Black, founder of dance, fitness and holistic studio Frame wanted to create a unique experience for her clients by offering cold-press juices and smoothies after classes. Through We Are Pop Up she met Blend & Press Founder Emma Wood, and their ShopShare collaboration was born. The brand fit was ideal due to their coinciding visions, with Pip adding that “there’s nothing worse than working with a brand that’s trying to talk to a different demographic.”

Emma popped up at Frame Shoreditch serving her nutritious, organic juices enhanced with herbs and supplements to Frame’s health-conscious clientele. “It was a great opportunity to start a business on a budget and the client exposure was amazing. Our brands fitted perfectly together and it gave Frame's customers an added benefit to their workout experience.” Off the success of her ShopShare with Frame Emma went on the work with high profile clients including Nike, Twitter and London Fashion Week, before going on to set up her own standalone pop-up in the heart of Neal’s Yard in Covent Garden.

It’s important to take your time to discover the right fit with a brand that suits your business, whose creative vision is in tune with yours and wants to target the right kind of people. Whether you are looking for new collaborations for Small Business Saturday or for any other day of the year, We Are Pop Up offers an enormous range of ShopShare opportunities available to help turn your dream into a reality. Browse our hundreds of projects now and start your own perfect partnership.



By Anna Trotter, We Are Pop Up

Should I ShopShare?

Wednesday, May 13 at 16:13Retail Space | Shop Share | We Are Pop Up

We Are Pop Up’s ShopShare is an opportunity for you to rent out part of your shop, from a rail, a table, shelf or a concession, or even the whole shop. This enables shops, brands and customers to collaborate and pool resources. It does what it says on the tin — share your shop!

Every ShopShare is unique and brings endless possibilities for retail partnerships. This kind of collaboration is perfect for you if you have an available shop corner or counter and want to:

Try something new

By introducing new brands and concepts into your space you can create a buzz for the store itself. For example, the team at Glassworks, a women’s clothing store with shops in Shoreditch and Dalston, have now hosted over 12 fashion and accessories ShopShare popups, creating a real fashion destination for women.

Lauren Lewis, Director of the Glassworks Studios, explains how hosting a pop up “injects a sense of excitement and change, which customers really react well to. We learn from every brand that is in store, and it can be the start of a longer partnership.”

Generate some extra revenue

By embracing different projects you not only get to have a fresh face in your space, you also get the added bonus of some additional rent. Creating this additional revenue stream is easy as there is no upfront investment and you are completely in control.

You can rent out your space by the day, week or month- and if it’s going well, it’s easy to extend the booking. All of We Are Pop Up’s rental agreements are underpinned by commercial-grade booking agreements so both parties are protected, making ShopShare a risk-free way to test new concepts quickly in your shop.

Get to know your customer base

Collaborating with new brands means you can learn more about your customers — what they like, or what they don’t like, and how much they are willing to spend in store. You can respond quickly to trends and changing tastes by offering consumers a unique and exciting experience in partnership with other brands.

Support small businesses

Just in time for Small Business Saturday 2014, Petit Miracles launched a retail hub in December 2014 to local acclaim, offering local entrepreneurs affordable retail ShopShare pop up space inside the West12 shopping centre.

Founder Elisicia Moore says “It has been designed to give people a chance to become retailers, and it bridges the current gap in retail space to support small businesses.” The Hub is a true community, supporting the entrepreneurial spirit — it shows just how beneficial ShopShare can be to both the brands and to your shop.

Examples of We Are Pop's ShopShare collaborations


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