Blog posts tagged with "Retail Loans"

Every interaction with your customers is significant when you’re running a small business. However, the point at which a customer makes a purchase is arguably the most critical moment in your customer’s journey.

Owning a lucrative liquor store business can seem like an easy venture but there are numerous components that go into making it a success. When running your store, you’re responsible for following liquor laws, restocking inventory, and providing helpful customer service, among other tasks. Having a business loan can be extremely beneficial, and can enable you to enhance various aspects of your business.

Owning a retail store can be challenging. Most retail businesses have a strong seasonal element to them, and a multitude of factors outside your control can impact sales. Let’s face it, some months are just slow.

If you have a great idea for an online boutique, opportunity is ripe. Of the nearly eight billion people on the planet, Nielsen Online calculates that over four billion have Internet access. Not to mention, digital stores are rapidly taking share from traditional brick-and-mortar retailers. According to Absolunet, eCommerce now accounts for almost 15 percent of all specialty retail sales in North America — and this number is growing at a rapid pace.

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.