Image source: pexels.com Retail businesses are mainly focused around selling its products or services to customers. However, it may not be essentially what customers look for these days. If a customer’s main purpose is to purchase a product, there are many online retailers who are able to offer them exactly what they need without […]
Tag Archives: retail
Retail Success, Retail Thoughts
Low Cost Design Ideas – Not All Designs are Expensive: 5 Cost Saving Tips to Design a Retail Outlet
Image source: unsplash.com Having your retail space designed is not always as expensive as you think. A good designer knows where to minimize cost and plan accordingly within your budget to not only help you save money, but to also ensure that you can maximize your space to generate revenue. Here are 5 tips to […]
Retail Success, Retail Thoughts
Top 4 Reasons Why Offering Delivery Services May Harm Your Restaurant.
(Picture source: pixabay.com) Modern society places a lot of emphasis on convenience, leading to the recent influx of delivery services being offered in the market and restaurant worry that their business might soon get overthrown. It is only natural for most restaurant owners to want a share in the market as well to ensure […]
Image Source: unsplash Many people have a misconception that design is purely for aesthetic, an added cost to the business that does not benefit them much other than visual appearance. Design is actually much more than that. A well thought out design comprises of analyzing human behavior, psychology, market trends, and strategic planning to […]
image Source: pixabay With e-commerce on the rise, retailers are facing even higher competition than ever. In the past, shops only had to compete with competitors around their area, but with the world wide web currently in play, they are now required to compete with a much larger range of retailers from all over the country, […]
(Source: pixabay.com) We have all been guilty of falling prey to the array of loyalty programs available out there in the market. But what exactly are loyalty programs for? Are they really beneficial? Loyalty programs are basically a reward system to track customer’s preference and keep them coming back. Often times customer’s information are […]
Retail Success, Retail Thoughts
5 Steps to Building a Profitable and Successful Retail Business (Part 5)
(image via freeimages) In part 5 of our post, we talk about the 5th Step in Building a Profitable and Successful Retail Business. If you missed out on the previous articles & videos you can find them here: Step 1: Who are your customers? Step 2: Its all about location. Step 3: The right Budget. Step 4: […]
Retail Success, Retail Thoughts
5 Steps to Building a Profitable and Successful Retail Business (Part 3)
(image via Morguefile) In part 3 of our post, we talk about the 3rd Step in Building a Profitable and Successful Retail Business. If you missed out Step 2, click here and Step 1 is here. The 3rd Step is all about setting aside the right Budget to ensure that your retail vision is fully executed. The 3 […]
Retail Success, Retail Thoughts
5 Steps to Building a Profitable and Successful Retail Business (Part 1)
(image via istock) I was asked to share this topic at a franchise event last week and thought it would make a great post this week. How do you build a successful & profitable retail business? I believe it starts with understanding who your customers are and where are they hiding? These are […]
(image via freeimages.com) Have you ever wondered how Uber and other car sharing apps came to dominate the transportation industry? One simple word, “Value”. The old taxi services were just charging too much for their services and providing too little value. People got tired of them (i.e. taxis) charging too much and being rude to their […]