Supplier

Preparation 101: Meeting With a Retail Buyer

Happy Thursday retail-minded friends! How many times have we mentioned on this blog the importance of the meeting with a retail buyer. Following this statement, we normally also mention the preparation required for success in this meeting, but we haven’t yet discussed exactly how to prepare for this ominous meeting. Today, we are going to…

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Retail Vendor SOS: The Easiest Mistakes to Make.

Happy Tuesday retail-minded friends! Hopefully you are back in the swing of things after the holiday weekend. Today we are going to discuss some of the most common, yet detrimental, mistakes that are made by entrepreneurs and inventors hoping to becoming retail vendors. These mistakes can cause a serious road block in getting on the…

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Winning Negotiations: 4 Tips for Suppliers

The average retailer is focused on their bottom line, and when it comes to suppliers, retailers will seek to maximize their profit margin and minimize workload and costs. As Tim Potter, a small business marketing expert based out of London, says, “A retailer is a bit like having a salesman who demands the highest bonuses,…

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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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