MAXIMIZE THE VALUE OF YOUR STRING WALLBoost your profitability with Elixir® Strings.
€
1. Elixir Strings European Survey Results 2016 2. Elixir Strings Survey Results 2014
Research also shows that: - Acoustic Guitarists prefer Phosphor Bronze over 80/20, two to one1 - 48% of Bassists play Light/Medium Gauge Strings2
Research shows that the vast majority of consumers buy 3 key string gauges.
STOCK PRODUCTS THAT ARE IN HIGH DEMAND.
35% LIGHT34% CUSTOM LIGHT14% EXTRA LIGHT17% OTHER
8 out of 10 Acoustic Players Prefer One of Three Gauges1
41% LIGHT17% SUPER LIGHT16% CUSTOM LIGHT26% OTHER
7 out of 10 Electric Players Prefer One of Three Gauges1
ENSURE YOUR STRING WALL REFLECTS WHAT CONSUMERS WANT AND DELIVERS THE HIGHEST PROFIT.
IMPROVE TURNS OF PROFITABLE STRINGS BY PLACING AT EYE OR HAND LEVEL.
Stocking the products that musicians want is a key first step. Next, compare the profitability of Elixir® Strings with other brands. Many retailers use GM% as their key metric in evaluating string wall profitability. Looking at only GM% may leave you with fewer dollars in your pocket.
Don’t be afraid to switch things up to maximize profits.
A study from Nielsen showed that when you move products from the bottom shelf to a higher position, you can increase sales by 43%.3
3. “Nielsen Study 2007”, No Fail Retail: Merchandising Techniques for Stores by Regina Blessa, 2015
Mar
gin
Perc
ent
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
55.0%
60.0%
$5.99 $7.99 $9.99 $11.99 $11.99 $12.99 $13.99 $14.99 $15.99
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
$3.00
$3.29
$3.59
$1.60
$2.00
$2.40
$2.80
$3.20
$3.60
$4.00
$4.39
$4.79
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.49
$5.99
$2.40
$3.00
$3.60
$4.20
$4.80
$5.40
$6.00
$6.59
$7.19
$2.40
$3.00
$3.60
$4.20
$4.80
$5.40
$6.00
$6.59
$7.19
$2.60
$3.25
$3.90
$4.55
$5.20
$5.85
$6.50
$7.14
$7.79
$2.80
$3.50
$4.20
$4.90
$5.60
$6.30
$7.00
$7.69
$8.39
$3.00
$3.75
$4.50
$5.25
$6.00
$6.75
$7.50
$8.24
$8.99
$3.20
$4.00
$4.80
$5.60
$6.40
$7.20
$8.00
$8.79
$9.59
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
NANOWEB®
C O A T I N G
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
POLYWEB®
C O A T I N G
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
OPTIWEB™
C O A T I N G
G U I T A R S T R I N G S
80/20 BRONZE
ACOUSTIC
NANOWEB®
C O A T I N G
PHOSPHOR BRONZE
G U I T A R S T R I N G SACOUSTIC
NANOWEB®
C O A T I N G
Selling Price
Mar
gin
Perc
ent
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
€3.90 €5.90 €6.90 €7.90 €11.90 €13.90 €14.90 €17.90 €18.90 €19.90
€0.78
€0.98
€1.17
€1.37
€1.56
€1.76
€1.95
€1.18
€1.48
€1.77
€2.07
€2.36
€2.66
€2.95
€1.38
€1.73
€2.07
€2.42
€2.76
€3.11
€3.45
€1.58
€1.98
€2.37
€2.77
€3.16
€3.56
€3.95
€2.38
€2.98
€3.57
€4.17
€4.76
€5.36
€5.95
€2.78
€3.48
€4.17
€4.87
€5.56
€6.26
€6.95
€2.98
€3.73
€4.47
€5.22
€5.96
€6.71
€7.45
€3.58
€4.48
€5.37
€6.27
€7.16
€8.06
€8.95
€3.78
€4.73
€5.67
€6.62
€7.56
€8.51
€9.45
G U I T A R S T R I N G S
80/20 BRONZE
ACOUSTIC
NANOWEB®
C O A T I N G
PHOSPHOR BRONZE
G U I T A R S T R I N G SACOUSTIC
NANOWEB®
C O A T I N G
Selling Price
€3.98
€4.98
€5.97
€6.97
€7.96
€8.96
€9.95
ELECTRIC
NICKEL PLATED STEEL
OPTIWEB®
C O A T I N G
G U I T A R S T R I N G S
C O A T I N G
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
NANOWEB®
Mar
gin
Perc
ent
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
£4.99 £5.99 £6.99 £8.99 £12.99 £13.99 £14.99 £15.99 £16.99 £18.99
£1.00
£1.25
£1.50
£1.75
£2.00
£2.25
£2.50
£1.20
£1.50
£1.80
£2.10
£2.40
£2.70
£3.00
£1.40
£1.75
£2.10
£2.45
£2.80
£3.15
£3.50
£1.80
£2.25
£2.70
£3.15
£3.60
£4.05
£4.50
£2.60
£3.25
£3.90
£4.55
£5.20
£5.85
£6.50
£2.80
£3.50
£4.20
£4.90
£5.60
£6.30
£7.00
£3.00
£3.75
£4.50
£5.25
£6.00
£6.75
£7.50
£3.20
£4.00
£4.80
£5.60
£6.40
£7.20
£8.00
£3.40
£4.25
£5.10
£5.95
£6.80
£7.65
£8.50
G U I T A R S T R I N G S
80/20 BRONZE
ACOUSTIC
NANOWEB®
C O A T I N G
PHOSPHOR BRONZE
G U I T A R S T R I N G SACOUSTIC
NANOWEB®
C O A T I N G
Selling Price
£3.80
£4.75
£5.70
£6.65
£7.60
£8.55
£9.50
ELECTRIC
NICKEL PLATED STEEL
OPTIWEB®
C O A T I N G
G U I T A R S T R I N G S
C O A T I N G
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
NANOWEB®
Think similarly for your online store. Are you positioning your most profitable strings prominently on your web page? Can consumers easily find them?
ESSENTIAL ASSORTMENT
PREMIUM ASSORTMENT – INCREASE YOUR SALES BY ADDING MORE!
CONSIDER ADDITIONAL SKUS AND CAPITALIZE ON MARKET INFLUENCES. ASK YOURSELF:
THE MOST PROFITABLE AND IN-DEMAND MIX OF ELIXIR® STRINGS.
Do I have an ecommerce site where I can position myself as a reliable “go-to” dealer who features the entire product assortment?
Have I refreshed my string wall to include new products?
Do players rely on me for custom gauges or singles?
GORE, Elixir, NANOWEB, POLYWEB, OPTIWEB, great tone-long life, “e” icon and other designs are trademarks of W. L. Gore & Associates. © 1997-2018 W. L. Gore & Associates, Inc
MUST HAVES
TYPE WEIGHT GAUGE NAME COATING SKU
12-53 NANOWEB® 11052LIGHTACOUSTIC 80/20 BRONZE
NANOWEB11-52 11027CUSTOM LIGHT 80/20 BRONZE
NANOWEB10-47 11002EXTRA LIGHT 80/20 BRONZE
NANOWEB10-47 16002EXTRA LIGHT PHOSPHOR BRONZE
10-46 OPTIWEB® 19052LIGHT NICKEL PLATED STEEL
OPTIWEB9-42 19002SUPER LIGHT NICKEL PLATED STEEL
12-53 16052LIGHT PHOSPHOR BRONZE NANOWEB
ELECTRIC
10-46 12052LIGHT NICKEL PLATED STEEL NANOWEB
11-52 16027CUSTOM LIGHT PHOSPHOR BRONZE NANOWEB
9-42 12002NICKEL PLATED STEELSUPER LIGHT NANOWEB
45-105 14077LIGHT/MEDIUM4 STRING BASS NICKEL PLATED STEEL NANOWEB
45-135 14207LIGHT/MEDIUM5 STRING BASS NICKEL PLATED STEEL NANOWEB
TYPE WEIGHT GAUGE NAME COATING SKU
13-56 NANOWEB
NANOWEB
11102MEDIUMACOUSTIC 80/20 BRONZE
NANOWEB13-56 16102MEDIUM PHOSPHOR BRONZE
12-56 16077LIGHT/MEDIUM PHOSPHOR BRONZE
13-53 16182HD LIGHT PHOSPHOR BRONZE
NANOWEB12-56 11077LIGHT/MEDIUM 80/20 BRONZE
12-53 11050LIGHT 80/20 BRONZE
11-49 NANOWEB 12102MEDIUM NICKEL PLATED STEEL
9-46 OPTIWEB 19027CUSTOM LIGHT NICKEL PLATED STEEL
OPTIWEB10-52 19077LIGHT/HEAVY NICKEL PLATED STEEL
NANOWEB12-52 12152HEAVY NICKEL PLATED STEEL
45-105 14677LIGHT/MEDIUM4 STRING BASS STAINLESS STEEL
45-135 14782LIGHT/MEDIUM5 STRING BASS STAINLESS STEEL
NANOWEB
POLYWEB
11-52 11025CUSTOM LIGHT 80/20 BRONZE POLYWEB®
10-52 12077NICKEL PLATED STEELLIGHT/HEAVY NANOWEB
11-49 19102MEDIUMELECTRIC NICKEL PLATED STEEL OPTIWEB
NANOWEB
9-46 12027CUSTOM LIGHT NICKEL PLATED STEEL NANOWEB
NANOWEB
*Please note, if you are a Taylor dealer, the 16182 also needs to be part of your essential.
MAXIMIZE THE VALUE OF YOUR STRING WALLBoost your profitability with Elixir® Strings.
£
Research shows that the vast majority of consumers buy 3 key string gauges.
STOCK PRODUCTS THAT ARE IN HIGH DEMAND.
ENSURE YOUR STRING WALL REFLECTS WHAT CONSUMERS WANT AND DELIVERS THE HIGHEST PROFIT.
IMPROVE TURNS OF PROFITABLE STRINGS BY PLACING AT EYE OR HAND LEVEL.
Stocking the products that musicians want is a key first step. Next, compare the profitability of Elixir® Strings with other brands. Many retailers use GM% as their key metric in evaluating string wall profitability. Looking at only GM% may leave you with fewer dollars in your pocket.
Mar
gin
Perc
ent
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
55.0%
60.0%
$5.99 $7.99 $9.99 $11.99 $11.99 $12.99 $13.99 $14.99 $15.99
$1.20
$1.50
$1.80
$2.10
$2.40
$2.70
$3.00
$3.29
$3.59
$1.60
$2.00
$2.40
$2.80
$3.20
$3.60
$4.00
$4.39
$4.79
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.49
$5.99
$2.40
$3.00
$3.60
$4.20
$4.80
$5.40
$6.00
$6.59
$7.19
$2.40
$3.00
$3.60
$4.20
$4.80
$5.40
$6.00
$6.59
$7.19
$2.60
$3.25
$3.90
$4.55
$5.20
$5.85
$6.50
$7.14
$7.79
$2.80
$3.50
$4.20
$4.90
$5.60
$6.30
$7.00
$7.69
$8.39
$3.00
$3.75
$4.50
$5.25
$6.00
$6.75
$7.50
$8.24
$8.99
$3.20
$4.00
$4.80
$5.60
$6.40
$7.20
$8.00
$8.79
$9.59
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
NANOWEB®
C O A T I N G
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
POLYWEB®
C O A T I N G
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
OPTIWEB™
C O A T I N G
G U I T A R S T R I N G S
80/20 BRONZE
ACOUSTIC
NANOWEB®
C O A T I N G
PHOSPHOR BRONZE
G U I T A R S T R I N G SACOUSTIC
NANOWEB®
C O A T I N G
Selling Price
Mar
gin
Perc
ent
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
€3.90 €5.90 €6.90 €7.90 €11.90 €13.90 €14.90 €17.90 €18.90 €19.90
€0.78
€0.98
€1.17
€1.37
€1.56
€1.76
€1.95
€1.18
€1.48
€1.77
€2.07
€2.36
€2.66
€2.95
€1.38
€1.73
€2.07
€2.42
€2.76
€3.11
€3.45
€1.58
€1.98
€2.37
€2.77
€3.16
€3.56
€3.95
€2.38
€2.98
€3.57
€4.17
€4.76
€5.36
€5.95
€2.78
€3.48
€4.17
€4.87
€5.56
€6.26
€6.95
€2.98
€3.73
€4.47
€5.22
€5.96
€6.71
€7.45
€3.58
€4.48
€5.37
€6.27
€7.16
€8.06
€8.95
€3.78
€4.73
€5.67
€6.62
€7.56
€8.51
€9.45
G U I T A R S T R I N G S
80/20 BRONZE
ACOUSTIC
NANOWEB®
C O A T I N G
PHOSPHOR BRONZE
G U I T A R S T R I N G SACOUSTIC
NANOWEB®
C O A T I N G
Selling Price
€3.98
€4.98
€5.97
€6.97
€7.96
€8.96
€9.95
ELECTRIC
NICKEL PLATED STEEL
OPTIWEB®
C O A T I N G
G U I T A R S T R I N G S
C O A T I N G
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
NANOWEB®
Mar
gin
Perc
ent
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
£4.99 £5.99 £6.99 £8.99 £12.99 £13.99 £14.99 £15.99 £16.99 £18.99
£1.00
£1.25
£1.50
£1.75
£2.00
£2.25
£2.50
£1.20
£1.50
£1.80
£2.10
£2.40
£2.70
£3.00
£1.40
£1.75
£2.10
£2.45
£2.80
£3.15
£3.50
£1.80
£2.25
£2.70
£3.15
£3.60
£4.05
£4.50
£2.60
£3.25
£3.90
£4.55
£5.20
£5.85
£6.50
£2.80
£3.50
£4.20
£4.90
£5.60
£6.30
£7.00
£3.00
£3.75
£4.50
£5.25
£6.00
£6.75
£7.50
£3.20
£4.00
£4.80
£5.60
£6.40
£7.20
£8.00
£3.40
£4.25
£5.10
£5.95
£6.80
£7.65
£8.50
G U I T A R S T R I N G S
80/20 BRONZE
ACOUSTIC
NANOWEB®
C O A T I N G
PHOSPHOR BRONZE
G U I T A R S T R I N G SACOUSTIC
NANOWEB®
C O A T I N G
Selling Price
£3.80
£4.75
£5.70
£6.65
£7.60
£8.55
£9.50
ELECTRIC
NICKEL PLATED STEEL
OPTIWEB®
C O A T I N G
G U I T A R S T R I N G S
C O A T I N G
ELECTRICG U I T A R S T R I N G S
NICKEL PLATED STEEL
NANOWEB®
Don’t be afraid to switch things up to maximize profits.
A study from Nielsen showed that when you move products from the bottom shelf to a higher position, you can increase sales by 43%.3
3. “Nielsen Study 2007”, No Fail Retail: Merchandising Techniques for Stores by Regina Blessa, 2015
Think similarly for your online store. Are you positioning your most profitable strings prominently on your web page? Can consumers easily find them?
1. Elixir Strings European Survey Results 2016 2. Elixir Strings Survey Results 2014
Research also shows that: - Acoustic Guitarists prefer Phosphor Bronze over 80/20, two to one1 - 48% of Bassists play Light/Medium Gauge Strings2
35% LIGHT34% CUSTOM LIGHT14% EXTRA LIGHT17% OTHER
8 out of 10 Acoustic Players Prefer One of Three Gauges1
41% LIGHT17% SUPER LIGHT16% CUSTOM LIGHT26% OTHER
7 out of 10 Electric Players Prefer One of Three Gauges1
ESSENTIAL ASSORTMENT
PREMIUM ASSORTMENT – INCREASE YOUR SALES BY ADDING MORE!
CONSIDER ADDITIONAL SKUS AND CAPITALIZE ON MARKET INFLUENCES. ASK YOURSELF:
THE MOST PROFITABLE AND IN-DEMAND MIX OF ELIXIR® STRINGS.
Do I have an ecommerce site where I can position myself as a reliable “go-to” dealer who features the entire product assortment?
Have I refreshed my string wall to include new products?
Do players rely on me for custom gauges or singles?
GORE, Elixir, NANOWEB, POLYWEB, OPTIWEB, great tone-long life, “e” icon and other designs are trademarks of W. L. Gore & Associates. © 1997-2018 W. L. Gore & Associates, Inc
MUST HAVES
TYPE WEIGHT GAUGE NAME COATING SKU
12-53 NANOWEB® 11052LIGHTACOUSTIC 80/20 BRONZE
NANOWEB11-52 11027CUSTOM LIGHT 80/20 BRONZE
NANOWEB10-47 11002EXTRA LIGHT 80/20 BRONZE
NANOWEB10-47 16002EXTRA LIGHT PHOSPHOR BRONZE
10-46 OPTIWEB® 19052LIGHT NICKEL PLATED STEEL
OPTIWEB9-42 19002SUPER LIGHT NICKEL PLATED STEEL
12-53 16052LIGHT PHOSPHOR BRONZE NANOWEB
ELECTRIC
10-46 12052LIGHT NICKEL PLATED STEEL NANOWEB
11-52 16027CUSTOM LIGHT PHOSPHOR BRONZE NANOWEB
9-42 12002NICKEL PLATED STEELSUPER LIGHT NANOWEB
45-105 14077LIGHT/MEDIUM4 STRING BASS NICKEL PLATED STEEL NANOWEB
45-135 14207LIGHT/MEDIUM5 STRING BASS NICKEL PLATED STEEL NANOWEB
TYPE WEIGHT GAUGE NAME COATING SKU
13-56 NANOWEB
NANOWEB
11102MEDIUMACOUSTIC 80/20 BRONZE
NANOWEB13-56 16102MEDIUM PHOSPHOR BRONZE
12-56 16077LIGHT/MEDIUM PHOSPHOR BRONZE
13-53 16182HD LIGHT PHOSPHOR BRONZE
NANOWEB12-56 11077LIGHT/MEDIUM 80/20 BRONZE
12-53 11050LIGHT 80/20 BRONZE
11-49 NANOWEB 12102MEDIUM NICKEL PLATED STEEL
9-46 OPTIWEB 19027CUSTOM LIGHT NICKEL PLATED STEEL
OPTIWEB10-52 19077LIGHT/HEAVY NICKEL PLATED STEEL
NANOWEB12-52 12152HEAVY NICKEL PLATED STEEL
45-105 14677LIGHT/MEDIUM4 STRING BASS STAINLESS STEEL
45-135 14782LIGHT/MEDIUM5 STRING BASS STAINLESS STEEL
NANOWEB
POLYWEB
11-52 11025CUSTOM LIGHT 80/20 BRONZE POLYWEB®
10-52 12077NICKEL PLATED STEELLIGHT/HEAVY NANOWEB
11-49 19102MEDIUMELECTRIC NICKEL PLATED STEEL OPTIWEB
NANOWEB
9-46 12027CUSTOM LIGHT NICKEL PLATED STEEL NANOWEB
NANOWEB
*Please note, if you are a Taylor dealer, the 16182 also needs to be part of your essential.