As a retailer, you know that profit margins are important. But what is the average profit margin on retail? We take a look at the data to find out. For our business, we need to make sure that we’re always aware of our margins. After all, it’s one of the key indicators of how well […]
As a retailer, it’s important to understand what is retail marketing and how the four Ps of retail marketing (product, price, place, and promotion) can be used to reach your target market. I remember when I first started my business, I had no idea what any of this meant. Thankfully, I was able to learn […]
As a business owner, you’re always looking to know how to increase operating income and improve your bottom line. Whether it’s finding new customers or reducing expenses, every little bit helps. So what are some practical ways you can increase your operating income? Here are some tips on how to increase operating income. What Is […]
Sales goals are important for any business. They help you measure progress and ensure that everyone is working towards the same objectives. But how do you actually achieve sales goals? In this blog post, we’ll share tips on how to achieve sales goals in 2022. Whether you’re looking to increase revenue, close more deals, or improve […]
When it comes to keeping customers coming back, one of the most important things you can do is show your appreciation. A little thank-you goes a long way! This article gives you more tips on how to get customers to come back to your store. I remember when I was first starting out my business, […]
If you’re like me, you love the convenience of shopping online. But there are still times when I prefer to visit a brick and mortar store. There’s something about the experience of browsing in person that just can’t be replicated online. So what exactly is the difference between eCommerce vs brick and mortar stores? And […]
If you’ve ever been in a disorganized stockroom, you know how frustrating it can be. You can’t find what you need, and it’s impossible to keep track of inventory. If your stockroom is in disarray, it’s time to get organized. Learn how to organize a stockroom with these four tips. What is a retail stockroom? Before […]
As a retailer, you always want to be looking for ways to increase sales and boost your bottom line. One strategy that can help you do this is cross-merchandising. But what is cross merchandising exactly? Learn more about cross-merchandising including how you can use the strategy to increase your sales. What is Cross Merchandising? What […]
Opening a retail store has always been my dream. When I was a child, I would spend hours in department stores just browsing through all of the merchandise. To this day, I still like to window shop and browse in retail stores. There’s just something about the whole experience that makes me feel so fulfilled. […]
When I first started my business, I had no idea how to negotiate a retail lease. I was lucky enough to have a friend who was in the commercial real estate industry and she gave me some great tips. Here’s what I learned about negotiating a retail lease. First, know your rights. Commercial leases are […]
