Friday, April 8, 2011




Budgeting for Retail Digital Signage

Planning is vital in every aspect of business, especially when costs are involved to meet marketing plans. Be it a kiosk, a mini-grocery or a big retail store or outlet, digital signage provides a seamless solution to displaying products in the most captivating manner. Besides, this technology has been credited with increased point of sale success. This makes owning a digital signage network installed in a retail outlet very important. Planning for it sounds quite a bothersome issue, but it is a very important factor. There are many components of a state of the art retail digital signage and vary in cost. LCD Units or Plasma displays have been preferred, hence many retailers with a small budget find it unaccommodating to budget for such equipment. However, the benefits of installing a complete digital signage are impressive and permanently improve your point of sales. Owing to the fact that this mode of indoor advertising influences consumer purchase behavior, it is integral in improving revenue from sales. Hence it is important to budget for one. The budget should be comprehensive enough to cover all aspects of installation and cost of the whole retail digital signage unit for your retail store.

The equipments required for a complete retail digital signage are as follows, an LCD or plasma display, player software, installation software, and player hardware. Each can be bought separately or as a single unit from a credible seller. The cost of the whole set can range to over $2500 and less if sourced from a cheap seller. The cost of displays has come down drastically in the recent times, hence being the most expensive of the set, can allow the cost to dramatically come down. As such, the expenditure projected within a retail digital signage budget can be somewhere between $1500 and $1000. Installation of the equipment might cost up to $200 or even less since labor or such services are readily available.

When buying the facility, it is important to take notice of a variety of choices available. The temptation to buy a cheap set might override the rationale of quality and lead you to having cheap but undurable equipment. Sooner or later, the equipment will breakdown and cause you peril in repairs and maintenance or even extra costs as you try to source another application. Therefore, throughout the planning and budgeting process, choose to spend on the most affordable but durable equipment. Buy from brands that stand out from the others for their quality. Availability of this retail digital signage is high today. The increase in the way people need a dynamic and convincing marketing has led to proliferation of the market with cheap applications. Many brands that are substandard are in the market, hence be wary. Buy only the best to avoid worrying in future, breakdowns, and frustrations through repairs and maintenance. Ideally, talking to a friend or retailer who owns one can help a great deal in making the right decision about what to buy and how much to spend.


Article Source: http://EzineArticles.com/?expert=Tim_Warrington

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