Today, retailers enjoy more access to metrics than retailers in the past. Typically, with metrics and business, any factor that can be measured can be improved — this suggests that retailers can improve their business results in several ways. Retail metrics are vital for understanding the performance of your business. If you have no…
Retail audits allow retailers to utilize insightful details about product placement and display in increasing sales. The truth is, a retail audit is important for a brand’s wellbeing or success in the same way regular medical check-ups are for a human’s health. Sadly, retail auditing is usually reduced to an inventory of products on…
One of the most important decisions you have to make as a retailer is how to price your products. The struggle to set a price that’s not considered too high or too low is real for many retailers. If you set a high price for your product, you will be faced with the risk of…
Digital marketing is changing businesses around the world. For both retailers and wholesalers, using the right marketing tools and techniques can result in very profitable business ventures. The most up-to-date online marketing tools including artificial intelligence, virtual reality, big data, and the internet of things can be effectively utilized in maximizing customer engagement, conversion rates,…
Affiliate marketing is often described as one of the best online marketing programs that are available to small businesses. If you are wondering why this is, it is because there are little to no risks when it comes to affiliate marketing. In most cases, you only pay after getting results. For a venture that can…
Is it better to sign up for an affiliate program or opt to become a reseller? Maybe becoming a channel partner sounds perfect to you. Whatever you decide, you will still be involved with a type of partnership. Because of the similarities that all three terms share, people get confused about what makes each type…
It is common knowledge that creating multiple sources of income is a proven way to build wealth. If you are looking to earn more and increase your financial security, you should start giving time and attention to the cause of creating new revenue channels. If you are a retailer, you can apply the principle…
“Would like to make passive income by selling products that you use?” Chances are you would quickly delete messages of this kind. Today, sales pitches are not as effective as they once were; it is unlikely that a cookie-cutter approach will help you with recruiting affiliates. So, what’s the best way to recruit good…
Both individuals and businesses need strong partner relationships to achieve success. It is no longer secret how much positive impact networking can have on a business. From information to advice to introductions and referrals, there is so much that can be achieved with PRM for retail digital transformation. Digital transformation can unlock limitless potentials…
Referrals are a major part of today’s business world. It is common to see people buy products or services as a result of the influence of other people. In fact, the majority of consumers trust or rely on recommendations from people they know. Referrals are an effective sales channel since it is easy for…