6 Ways to Market Your Cannabis Dispensary Like a Fortune 100 Enterprise

By understanding and implementing these strategies, your dispensary can not only compete but thrive in a crowded market.

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iStock/Nikolay Evsyukov

Marketing a cannabis dispensary in today's competitive landscape requires more than just having a high-quality product. To truly stand out, dispensaries must adopt sophisticated marketing strategies akin to those used by Fortune 100 enterprises. These top-tier companies have mastered the art of engaging their customers, creating seamless online experiences, and leveraging data to drive sales. The cannabis industry, despite its unique challenges, can benefit immensely from these practices. By understanding and implementing these strategies, your dispensary can not only compete but thrive in a crowded market. Here are six key strategies to elevate your dispensary's marketing efforts and drive success.

1. Understand Customer Behavior

Understanding your customers is crucial in any retail environment, including cannabis dispensaries. Knowing their preferences, habits, and needs can shape how you organize and present your products. Categorizing items based on their effects or the symptoms they alleviate can simplify the shopping experience for medical users, making it easier for them to find what they need quickly and efficiently.

Online behavior is equally critical. BDSA Consumer Insights data reveals that 42% of dispensary shoppers who purchase weekly or more often check the menu online before visiting, compared to 35% of less frequent shoppers. Furthermore, a significant number of customers enter dispensary websites through the homepage. This highlights the importance of a user-friendly website where products are easily accessible from the homepage, enhancing customer satisfaction and driving sales.

2. E-Commerce First Design

Having a strong e-commerce presence is vital for driving sales and staying competitive. Your dispensary’s website should prioritize an e-commerce-first design, much like top retail giants. This means creating a seamless shopping experience where customers can easily browse products, read reviews, and add items to their cart directly from the homepage. The fewer clicks it takes for a customer to find and purchase their desired products, the higher your conversion rates will be. Streamlining your user interface reduces friction in the shopping process, leading to increased sales and improved customer retention.

3. Lean into Specials & Seasonality

Leaning into specials and seasonality is crucial for keeping your dispensary's inventory moving and maintaining high levels of customer engagement. Utilizing promotions and seasonal themes can significantly boost sales. Specials and deals are powerful tools to drive inventory turnover and enhance customer engagement. Promotions not only increase the purchase rate but also lower the abandoned cart rate. Regularly updating your website with new offers and seasonal specials can keep your customer base engaged and coming back for more.

Consider the last time you changed your homepage. Seasonal themes and holiday-specific deals can create a sense of urgency and excitement. Planning your specials around a yearly calendar that highlights key holidays and seasons can help in creating a dynamic and appealing shopping experience for your customers. By tapping into the natural rhythm of the calendar year, you can create a compelling reason for customers to return to your store regularly, driving both new and repeat business.

4. Unify Brand Presence & Customer Engagement

Your brand should be the central element of every page on your website, including your menu. Consistent use of colors, fonts, and language helps create a cohesive brand presence that resonates with customers. Think about how Fortune 100 companies maintain their brand identity across all customer touchpoints.

Engagement goes hand-in-hand with brand presence. Use your website, social media, and in-store experiences to create a unified narrative that keeps customers engaged. Encourage user-generated content, run loyalty programs, and use targeted email campaigns to maintain a connection with your customers.

5. Leverage Data to Drive Sales

Data-driven decision-making is at the heart of successful marketing strategies for large enterprises. By collecting and analyzing data on customer behavior, sales trends, and market dynamics, you can make informed decisions that enhance your marketing efforts. For example, understanding which products are most popular at different times can help you plan promotions and stock inventory more effectively.

6. Enhance Customer Satisfaction

Customer satisfaction is the cornerstone of retail success. Ensure that your dispensary offers a pleasant shopping experience, both online and in-store. Train your staff to be knowledgeable and helpful, and maintain a clean, inviting store environment. Online, make sure your website is fast, mobile-friendly, and secure. By prioritizing customer satisfaction, you can build a loyal customer base and drive long-term success.

Personalized marketing is also a powerful tool used by Fortune 100 companies and can be equally effective for cannabis dispensaries. By analyzing customer data, you can create targeted marketing campaigns that resonate with specific segments of your customer base. Whether through email newsletters, loyalty programs, or social media, personalized messages can build stronger connections with your customers and encourage repeat business.

Dan Mondello is a serial entrepreneur and co-founder and CEO of Rank Really High, a pioneering eCommerce retail-first website developer company specializing in cannabis dispensary websites that dominate the market.

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