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 […]
Are you searching for retail store grand opening ideas? You may be an online shopper, but it’s worth visiting your favorite store in person. The experience is unlike anything you can get at home. There are so many reasons to visit your local stores. It’s more than just the things you can buy there, and […]
As a retail business owner, you will need to learn how to be scrappy and use the resources available. Times change so it is important that your business can adapt. Both brick and mortar retailers and mobile retailers can benefit from time-saving apps and software. Click To Tweet In order to maximize your efficiency, we […]
Many chefs want to be recognized for their food and cooking style, so they strive towards Michelin stars or prestigious awards from Wine Spectator. These accolades can help a chef receive recognition in the industry and potential customers. But, how to get a Michelin star? We interviewed a few chefs, managers, and owners who have won […]
SKU Efficiency: How To Calculate Profitability & Improve Business Performance What do you want to learn? Harvard Business Review says that when it comes to motivation, a paycheck is not the only thing. This article is about how I learned that a paycheck was not my employees’ only concern. I had never met anyone who […]
Vendor Managed Inventory (VMI): How It Works Vendor-managed inventory systems provide a win-win situation for both customers and vendors. This platform is great because it allows the vendor to authorize inventories at customer locations and communicate with said customers t keep everything running smoothly. Consignment customers with a low price point and who are not […]
Third-party sellers are responsible for almost 55% of units sold on Amazon. In 2020, Amazon earned $80.46 billion through third-party sellers. There’s room to expand your customer base in such a massive eCommerce marketplace. However, you should be aware of the strategies being used by your competitors. This is where Amazon’s competitor analysis comes into […]
The founder of Bonobos, an online clothing company known for its great customer service and quality products, has coined a new term called the Digitally Native Vertical Brand. DNVBs start their lives online, but often expand to traditional retail locations. What is a DNVB? Digitally Native Vertical Brand (DNVB companies) are selling their products on […]
Finding the right dropshipping supplier for your online store is not an easy task. Thousands of results come up on Google when you search “drop ship suppliers,” and many more appear as sponsored ads. How are you supposed to select the best one from this crowd? If you are looking for a supplier to work […]
As an e-commerce seller, are you aware of the USPS ePacket program and how it can be a huge disadvantage to your business? The USPS has a “Delivery Professionals” program that is now looking for applicants. The U.S Postal Service recently signed a deal with China Post and Hong Kong post to make it easier […]
