Facebook or Web Site? For most businesses, Facebook is a social media that supplements a free-standing web site. Whether you are engaged in e-commerce or not, having your own web site allows you the most options for representing your business to the world. You can present the information about your store in a style that is in keeping with… Read More
Five Challenges to Retail Success Challenges or opportunities? It’s a matter of perspective. Applying energy and enthusiasm will go a long way towards overcoming these obstacles in the path of running a successful store. 1)Lack of capital – Managing a shop’s funds is always difficult, because it’s often impossible to predict sales (and thus income) accurately. But controlling your inventory… Read More
To Independents! Independent retailers know the year-round challenges of competing with chain businesses such as discount stores and online behemoths. It’s only fitting that we get an annual holiday — Independents Week — to “recognizes small businesses’ contributions to the community.” This quote comes from the founder of Independents Week, AMIBA (the American Independence Business Alliance), a… Read More
Scheduling Time A schedule that is both fixed and flexible is one of the most important perks we can offer our employees. This may seem counterintuitive, but in reality retail workers want predictable hours (and income) along with the ability to adjust their schedule to fit it around other life events. Some of our big box counterparts… Read More
Branding Your Business The old-fashioned way of looking at a store’s brand was limited to a catchy store name and logo, but today’s concept of branding goes way beyond that. A brand now often includes a tag-line that describes the store in just a few words, and as well as a web site, a font and certain colors… Read More
T-Shirts Today “T-shirts are the business cards of our time, at least in San Francisco,” remarked Danish entrepreneur Mikkel Svane in a recent talk about his successful startup Zendesk. He was referring to his company’s creative use of t-shirts imprinted with customer complaints that were used as part of the company’s apology for an unpopular and unexpected… Read More
Location, Location? It is an acknowledged fact that the location of a store is key factor in its success. You need proximity to an adequate pool of potential customers. Transportation and parking are important factors in getting these customers into your shop. But what about the question of whether you should lease or own your store’s location? … Read More
Buyer’s Remorse Spendthrift is a confusing word — it sounds like it should refer to thrifty spending, but it actually applies to a person who spends money in an extravagant, irresponsible way. And while we might think that shoppers with buyer’s remorse are spendthrifts, there are many other causes. Buyer’s remorse sets in when a customer gets… Read More
Deep Discount Lessons Learned In honor of our store’s 40th anniversary, we decided to send out a card to our extensive mailing list (rounded up using a rented list of potential new customers) offering 40% off any one item during this month. The response has been overwhelming, and I thought I’d share some tips in case you decide to… Read More
No Video? No Problem Last year the number of views of videos uploaded directly to Facebook reached one billion per day. If you are a regular user of Facebook or Instagram, you know how eye-catching the “start arrows” are on videos — it’s very tempting to watch one as long as it is short. Creating a video with music… Read More