Consignment refers to an arrangement where goods are placed in the care of store until the item is bought by a buyer. The owner of the goods — the consignor – retains ownership of the items until they sell. When the item sells, the shop or person who sold the product — the consignee — […]
How Does Consignment Work and is it an Option for Your Small Business? Read More »
Shopify has unveiled the latest developments in its ecommerce platform to help businesses and entrepreneurs in three key areas. The announcement was made at Unite, the annual conference bringing together the international developer community for the Shopify (NYSE: SHOP) ecosystem. The company says it wants to empower its users by helping them sell more, work
Shopify Announces Major Upgrades for Small Business Users Read More »
Setting prices is an essential step for any new business. But in the automotive industry specifically, pricing can often be tricky. Manufacturers and large businesses often set prices or recommendations that small businesses can’t or shouldn’t compete with. So in order to price parts that will allow a small business to run sustainably, it can
Tips for Pricing Parts in Your Automotive Business Read More »
The bankruptcy of Toys ‘R’ Us and the closure of its U.S. stores has been making headlines. But for small, independent toy retailers, the demise of the longtime retailer could spell opportunity. Competitors such as Amazon, Walmart, and Target are already expected to see substantial gains from the disappearance of Toys ‘R’ Us. But smart small
Apply These 7 Strategies to Capture Toys ‘R’ Us Customers for Your Small Toy Retailer Read More »
When the deadline for the “liability shift” was almost up in October 1, 2015, the number of small businesses having switched to EMV was at 8.33 percent. According to Visa, 59% of U.S. POS locations now accept the chip, a 578 percent growth since 2015. Chip Card Transition Update The new numbers were released at the
Competing against big retail chains on price points is nearly impossible for small grocery store owners. Luckily, good price is not the only way to boost sales. Grocery Experiences Matter According to data compiled by Rave Reviews, American consumers value convenience over a good price. In other words, facilitating great user experience can make a
The US is the leading market for coffee in the world. So throwing a dart on a map of the country may be as good a method as any for finding the right location to open a coffee shop. But if you really want to know where the best markets are, the new Frontier Business
Best 50 Cities to Open a Coffee Shop in the United States – Small Business Trends Read More »
You’ve spent years building your small retail business up and might be considering employee uniforms as a next step. Like everything else, you’ll need to carefully consider both pros and cons before making any final decisions. Pros and Cons of Employee Uniforms Pro: Enhanced Customer Service Customers want to be able to tell the employees
Should Your Small Retail Store Require Employee Uniforms? Read More »
In 2017, 6.7 million sellers on eBay (NASDAQ: EBAY) sold products in 190 markets around the world, and for small businesses, the platform has become a great source of revenue. If you don’t know about eBay, a new infographic appropriately titled, “All You Need to Know About eBay” by 16best.net looks to bring you up
Minimum advertised pricing policies are a big deal for small businesses. They sell goods and services through resellers both off and online. Specifically, if you run a retail or online business, these policies help by protecting brand reputation, preserving the price margins designated for authorized sellers and bumping revenue growth for everyone involved. The idea
