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Showing posts from February, 2019

3 Essentials To Run a SUCCESSFUL Retail Business

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Yes, at the moment, market competition is high. BUT, even despite that, running a retail business isn't so easy. If it was, Gadzooks and Golfsmith would still be in existence, and flourishing.  Meaning to say, aside from competition, there exist challenges aplenty on the way to launch, grow and sustain a retail business. If you’re looking to achieve that, here are 3 essentials that you would require the most: 1. A Sufficient Marketing Budget  You won’t sell unless your target audience knows that your product exists in the first place. This is why it's so very important to have a sufficient budget to invest in marketing.  Spend on Facebook and Instagram ads. Spend on Snapchat stories. These social platforms are the goldmine to gain massive traction with least investment. If done right, your campaigns almost always guarantee optimum ROI.  2. Quality (but low-priced) Wholesale  If you want to make more profits, you either increase your selling ...

How To Start a Clothing Retail Business?

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There are a few markets that are quite less-dependent to the economic trends, flourishing and sustaining most of the time. The clothing industry is one of those. People won't stop buying apparels. The demand for tees, bottoms always persist regardless of the boom or slump. This makes this market a go-to for entrepreneurs.  So, if you're planning to start a clothing retail business, it's a great decision. More so today than ever when it's also incredibly easy. Here's a quick step-by-step process: 1. Identify your niche  The clothing market is very large. It's important that you pick one or a few niches, instead of trying to be 'everything for everyone'. So, the foremost step is to pick a niche or sub-niche: men, women, child, teenagers, working professionals, college students, more. 2. Research on the competitors  Don't go ahead without knowing who are your competitors and what they are up to. Take some time, identify your cl...

A Quick Wholesale-Shopping Guide For Online Retailers

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You find a manufacturer. You purchase the wholesale. You sell to customers. You repeat the process.  That's how the majority of the retailers roll. However, in reality, if you have to get things correct and maximize sales, you must pay special heed when purchasing your wholesale.  Here are four tips for online retailers to shop for wholesale the right way: 1. Keep quality at the top of the priority list Even if you're selling your products at the cheapest possible price, people still wouldn't buy them if the quality isn't right. Because, while there does exist a segment whose purchase decisions are influenced by price, there are many other groups who prioritize quality more than anything else.  So, sure, try to strike the right deal on your wholesale. But never trade quality for low price. Good quality products are the backbone of highly scalable and sustainable businesses.  2. Buy liquidation products   Yes, instead of directly...