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Dropshipping: What it is & why it might be smart for your small business

Clover - Retail

But, there are a few challenges retailers should consider before jumping in. Dropshipping is a type of supply chain management in which a retailer does NOT keep the product it sells in stock. Retailers make a profit by selling the product at a higher price than what manufacturers/wholesale merchants sell it to them for.

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How Worthy Conquered Mistrust Issues In Jewelry Resale

Retail TouchPoints

Studies show how the secondhand market has picked up its pace during the pandemic. According to thredUP ’s 2020 Resale Report , “online thrifting is a bright spot in the broader COVID retail slump. Worthy had to overcome unique challenges when it set out to sell jewelry and gems online.

Jewelry 232
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eCommerce Pricing: How to Price for Marketplaces vs. Your Website

Wiser

We’re going to focus on the quality side of things in this blog—specifically, how you can convert more visitors into paying customers through effective eCommerce pricing. One of the best ways to convert browsers into buyers is with the right prices, increasing the number of quality eyes on your brand. Marketplaces.

Markdowns 148
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How Shop Premium Outlets is Helping Brands ‘Light Up’ Excess and Outlet Inventory

Retail TouchPoints

The site, aimed at bringing off-price inventory from Simon’s malls online, now features more than 300 brands and as of last September, sales were up 100% year over year. Retail TouchPoints: What makes SPO stand out in the sea of other marketplaces? And a lot of that is because of the Simon DNA.

Shopping 219
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8 key points to master your range planning

Inside Retail

If black long-sleeve tops are currently selling, well then you want to ensure you have more of this product coming or you’ll miss a sales opportunity. Conversely, you don’t want to be over-optioned in one particular colour. Pricing & margins. If an item is priced too high the customer won’t buy it, simple.

Planning 130
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How To Upsell Your Products To Consumers Through Marketing

Retail Minded

Finding effective ways to increase revenue and maximize the value of each customer interaction is essential for eCommerce businesses. Upselling is a sales technique where a business persuades a customer to purchase a higher-priced or more feature-rich version of a product or service than the one initially considered. What Is Upselling?

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Why Independent Retailers Are the Opportunity Emerging Brands Need

Rangeme

While large retailers and e-commerce giants have typically been the avenues of choice, independent retailers are increasingly becoming a viable and rewarding alternative. Unlike large chains, independent retailers offer a unique mix of benefits to brands. Consider their location, reputation, size, and existing product range.