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 […]
Have you ever wondered, ”what is a tariff and why do governments impose them”? If so, you’re not alone. I remember being confused about tariffs when I was first learning about economics. But once I understood how they worked, it all made sense. This article tells you what a tariff is, how it works and why the governments […]
If you’re like most people, you probably think of corporate branding and product branding as one and the same. But there is actually a big difference between the two! So, what is product branding? This article will tell you what product branding is and how it differs from corporate branding. What Is Product Branding? What […]
If you’re looking for a fast, reliable shipping option from China, look no further than ePacket shipping. What is ePacket shipping exactly? I remember when I first started my online business and was sourcing products from suppliers in China. I was always worried about the long shipping times and whether or not my products would […]
In an age where players like Amazon enable people to purchase products with a tap of a button, brick-and-mortar retailers need to step up their game and offer a retail experience that people can’t get online or on their phones. What makes a great retail experience? The answer to this question will depend on […]
Let me start by saying that retailers are seeing unprecedented growth rates in their sales. For 2020, sales grew by 6.7%, and it’s predicted to be around 10% 5% and 13. 5% to reach $4. Forty-four trillion dollars in medical bills this year. It’s almost like the old days when it was just 4 billion […]
When you’re starting a retail business, the first thing to do is make sure that your plan includes details about what type of store and how it will be marketed. You need all these things if you want your biz to succeed. What is your business plan? Who are you trying to reach with this […]
This article will show you how to get the most out of your retail marketing plan. If you’re a retailer, this article will help you understand the importance of marketing and use it effectively. Check out these best practices to know how retail marketing works. They include leveraging the channels that work for your business, […]
To survive stiff competition, businesses need to appreciate their customers. That explains why the customer appreciation day was founded. Without customers, we would have no business. In a world where consumers can go anywhere to buy anything they want at any time of day or night, our thanks go out to the people who come […]
Selling. It’s the dream of every store and many other businesses to do whatever they can to increase sales and learn how to retail. So if you’re viewing this, the odds are that you need to figure out how to make more sales through retail selling. It’s not easy! You might be wondering, “why are my sales not up to par?” “How can I improve my selling techniques?” or “How can I interact with customers?” Well, congratulations on coming across this […]
