Remove Advertising Remove Drop-Shipping Remove Planning Remove Promotions
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Michaels Prepares Marketplace Offering to Offer More Than ‘Just Coupons and Discounts’

Retail TouchPoints

The retailer also is currently seeking third-party solution providers in areas including payment processors, order management and shipping and fulfillment. Michaels’ CEO Ashley Buchanan first revealed plans for a marketplace in a February 2021 story in The Wall Street Journal.

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5 Ways Retailers Can Tackle Wavering Customer Loyalty

Retail TouchPoints

As you develop your plans for 2023, consider these recommendations, based on the 2022 survey findings: Diversify Your Marketing Mix . In fact, the use of traditional media — such as TV, radio, direct mail and outdoor advertising — as a customer acquisition tool rose from 29% in 2021 to 51% in 2022, second only to email outreach (68%).

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7 Tips to Aid Your Business Growth & Increase Revenue

Wiser

The way that you market and advertise can attract new customers and help improve your relationships with current ones, which in turn will boost your overall profits. The key to any well-executed business strategy is a set of defined goals followed by a thorough and precise execution plan. 5: Add or Eliminate Shipping Prices.

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Understanding eCommerce Business Models: A Guide

Wiser

The Fundamentals of eCommerce Business Models An eCommerce business model is a strategic business plan, outlining how an online business will generate revenue, identify the targeted customer segment, and deliver value to said customers. Your financial resources are another key determinant.

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‘Indecision is the hardest part’: Retailers react to Sydney lockdown 2.0

Inside Retail

We had a management meeting over the weekend and had a game plan worked out by Sunday which we’re now executing,” Richard Kelsey, co-founder and director of Beer Cartel, told Inside Retail. Continuing to advertise despite the drop in consumer sentiment last year was “the best thing we ever did,” she said.

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A Guide to Pricing Your Products

Wiser

There is no one-size-fits-all pricing strategy, you’ll need a plan that fits the specifics of your company. You must also consider overhead costs like labor, shipping fees, stocking fees, or advertising fees. Seasonal Discounts and Promotions. How Should You Price Your Products? Your Target Revenue.

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

Wiser

Plus, the infrastructure is already in place to help warehouse, sell, and ship your products. Dropping your prices aggressively, especially below profitability, can be a short-term play to boost sales that doesn’t translate well on a marketplace. Turn to Markdowns and Promotions. What are some major promotional periods?

Markdowns 148