small business

Tips for Liquidating Inventory

Inevitably, every retailer has faced this classic dilemma: you bought too much stock of an item, a new model came out for merchandise you still have a significant amount of, you didn’t sell your entire holiday inventory, or maybe a product just isn’t moving as quickly as you’d like. Matt Konkle, President of Fifth Gear,…

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Choosing a Distribution Model: Drop Shipping vs Traditional Inventory

Welcome back, retail enthusiasts! One of the topics that consistently comes up in the retail world is the logistics of shipping. From the manufacturers, to the distributors, to your retail store – there are many factors and unexpected costs to consider during the shipping process that can be often overlooked. As Robert Gilbreath, VP of…

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How to Maintain a Positive Supplier Relationship

Welcome back retail enthusiasts! Last week we talked about how to find your perfect vendor partner – a supplier you can rely on for a successful, long-term partnership. But what if you’ve already found your vendors, how can you know that they are the best fit for your business? That’s what we’re talking about today…

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Creating a Vendor Partnership

All businesses, no matter their size or focus, rely on their suppliers. But many businesses do not know how to thoroughly evaluate and maintain this critical business relationship, which can cause a discrepancy between your expectations and a vendor’s abilities. A mismatch between your needs and a supplier’s offerings can add costs, delays, and ultimately…

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The Fosbury Flop of Small Business Marketing

In 1968, Olympic high-jumper Dick Fosbury stunned the athletic community and the world when he approached the high jump bar at full speed and then did something revolutionary: he jumped backwards. At the time, athletes were still using techniques that allowed you to land on your feet, previously a necessity when landing surfaces had been…

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Social Media Bowl XLVIII

Last Sunday, fans around the world sat down to watch the Super Bowl – a record 111.3 million people, according to ESPN. Although the story didn’t end well for Colorado fans, it did for social media. Twitter reported that a record 24.9 million Tweets were sent out about the game and the halftime show, nearly…

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Tips on Opening a Successful Mall Kiosk

Welcome back retail enthusiasts! We’ve all been out at the mall and walked by dozens of mall kiosks and carts, and many of us have stopped to make planned or impromptu purchases. Mall kiosks can be a lucrative venture for many retailers. These venues have low startup costs, especially compared with opening a new storefront.…

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RETAILBOUND NEW YEAR GIVEAWAY

Have you been looking to improve or expand your business? Need some advice on how to bring your product to market? Then we’re what you’ve been looking for and for the first time ever we’re giving away five (5) FREE one-hour long sessions to help your business kick off 2014 right! Here at Retailbound, we…

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The Importance of Your Relationships

Hello, retail enthusiasts and welcome back to RetailBound’s blog! If you didn’t notice, we took some time off in the last few weeks for the holidays and back to school time for some (like me). During that break, I had a realization about what is important to me. So, to start this post off, I’d…

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New Year’s Resolutions for Retailers

Welcome back retailers! Are you looking for some ideas to make this next year your most profitable year yet? We can help! Here at RetailBound we’ve come up with ten New Year’s Resolutions that will help bring you and your company into 2014 with a bang! Talk up, not down – focus on the positive…

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