Blog posts tagged with "Retail Loans"

When running a successful small business, there will always be room for improvement. Whether it is updating technology, purchasing new inventory, or hiring more employees, there are many ways to continually elevate your business. These initiatives will vary depending on many factors, one of them being the industry that your business is in.

Whether you’re looking to start a handmade craft business or add another distribution channel to your current business, opening an Etsy store might be a great option for you. Etsy is an online buying and selling platform that started in 2005 and became a publicly traded company in 2015. It’s similar to eBay  or Amazon Marketplace, but you can only sell handmade items and vintage goods. Etsy’s revenue has grown extensively in the last five years, from 26 million in the first quarter of 2013, to 150 million in the third quarter of 2018.

Did you know that tomorrow is National Dog Day? Celebrate these furry friends by making some updates to your pet-retail store. Selling items that customers need for their pets can be a fun and rewarding business venture, so make the most of it! With these pet business ideas, you’ll be able to improve your business, and incorporate new components that customers will love. Check out our six tips here:

Former U.S. President Harry S. Truman said, “not all readers are leaders, but all leaders are readers.” Reading can quickly build your expertise and allow you to learn from top industry experts. As a small business owner, it’s important to stay on top of the latest trends and research so you can grow your business and keep your customers happy. Fortunately, there are many blogs and resources specifically for retail business owners like you.

Owning an online business can be an exciting venture, especially if your inventory is in demand from customers. If you own a popular, lucrative online business, you may be contemplating the possibility of expanding your business into a brick and mortar store. This can translate into new opportunities for your business, additional sales, more visibility and an overall more successful business.

The National Retail Federation estimates that consumers will spend as much as $720.89 billion in November and December 2018, which is a  4.8 percent increase over 2017. For some businesses, the holiday season represents 30 percent of their annual revenue, so to meet this customer demand, they’ll need to hire seasonal employees.

What could be more satisfying than turning your favorite hobby into a career? If you’re interested in fashion, this could be more attainable than you once thought, especially with the digital overhaul of the fashion industry.

Whether you’ve recently opened a pawn shop, or you’ve been in business for years, receiving a business loan can be beneficial. Using your loan, you can tap into resources to get your pawn shop off the ground or to cover day-to-day expenses to stay operational.

An astounding number of people – 76.9 percent to be exact – select items online and place them in their carts, then abandon them at checkout. If you’ve watched this happen on your business’s website in live mode, it probably broke your heart, and the statistics say you aren’t alone. The good news is there’s plenty you can do to fix your process and earn more sales.

In recent years, an increased number of businesses have implemented inventory management systems to help increase efficiency in their operations. These systems have proven to be particularly valuable for restaurants, retailers, and businesses in other industries that carry significant inventory. Naturally, there are many different inventory management systems your business can choose from, so it’s crucial that to compare your options