Vendor

Effective Retail Supply Chain Management

Retailers such as Amazon, Home Depot, and Wal-Mart are constantly striving to successfully conquer their greatest challenge: getting the right goods at the right price to the right place at the right time. We call this effective retail supply chain management. In today’s challenging economic environment, leading retailers are turning to their supply chains to…

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Successful Selling to Retailers Uncovered

Happy Thursday retail-minded friends. As a product manufacturer, small business owner, or entrepreneur, you may have asked yourself the question of how certain people encounter success when selling to retailers. You have tried repeated times to get your product in stores, yet each time you have tried, something doesn’t quite line up, and you leave…

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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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The Often Forgotten but Ever Important After-sale Support

Hello Retail-minded friends! Happy Thursday! Today we are going to talk about the every necessary, but often forgotten, after-sale support. The most obvious concern of manufacturers and entrepreneurs is actually getting their product in stores, but what about what comes after that? For those who think that it is as simple as shipping your product…

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Marketing: A Necessary Evil

Happy Tuesday retail friends! First things first: unfortunately, our interview with James Yu of SimplyGlobo will be posted NEXT Tuesday, but have no fear, I have lots of great content to share with you in the meantime!  Today I want to talk a little bit about the importance of marketing. Have you ever marvelled at…

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Are You Retail Ready?

Happy Tuesday retailers! I hope you had a relaxing Memorial Day Weekend, but now it is back to all things retail. Last weeks blog was focused on figuring out how to price your product for ultimate success, and all the factors which must be taken into consideration before a price can be decided upon. If…

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Priced to Sell

Welcome back to The Retailbound Blog, the ultimate source of all things retail. I am Evie McQuiston, the social media intern at Retail Bound for the summer of 2014. As previously discussed in my last blog, “Intern Invasion”, today will be my first day dishing out the details designed to help you! How many times…

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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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