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Product Bundling: What It Is and How to Bundle like a Pro

Wiser

As stated above, consumers love saving money and getting more bang for their buck, so bundling is an excellent incentive to buy more—thus driving up sales for the retailer. It’s also a good strategy to improve customer loyalty, as bundles can be viewed as perks or rewards. One bundle could be the phone plus earbuds.

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8 Effective Ways to Increase Profit Margins in Retail

V Count

However, running a retail store and aiming for a higher profit margin requires not just planning but also a lot of hard work. Be smart on your pricing strategy. Is there room to increase prices without pricing yourself out of the market? This is where you initially charge lower prices than your competitors.