Saturday, August 1

Tag: retail

Competition: Good or Bad for a Small Business?
Ecommerce, Retail, Small Business

Competition: Good or Bad for a Small Business?

Many people have talked to me about business and offered a glimpse of what they focus on when it comes to running a small business.  With regards to competition, its usually framed in a way that sounds whiny, cry-babyish, like, “seriously, how do you survive out there with all the competition“.  Thankfully, I realize that its a natural protection mechanism that we all have built in.  People want to protect themselves from bad things, from bad experiences in life.  Where it appears there is even a little risk, its easy to [level-premier-free]reason away what could be a good thing by focusing on a factor like competition. Competition doesn't define you. OBJECTIVE:    To show the reader that while competition is something to be aware of, its nothing to be afraid of.  Competition is ...
One single supplier is best!
Ecommerce, Retail, Small Business, Technology

One single supplier is best!

One single supplier is the chosen way to handle your distribution chain. When you have more than one suppler, things become very complicated, very quickly. The objective of this post is to provide the e-commerce store owner the considerations of having more than one supplier. This is called your distributor/strategic alliance/partner or even your "warehouse". It will touch on the various layers of middlemen in a supplier/retailer relationship and outline questions to contemplate. To maximize your profits when selling online, it is essential that you understand this. Many companies online offer products for sale to customers - that is the easy part.  Fulfillment is the trick. The author of this article has been selling online for over 12 years utilizing a single distributor. The ...
Ecommerce, Predictions, Retail, The Future

Is Traditional Retail dead and a rotting dinosaur?

 Can traditional retail really be a dead and rotting dinosaur, isn't that a bit harsh? The answer to this question is a resounding and unfortunate yes and yes it is.  Stores, chains and corporate executives would want to argue in the opposite direction and say that traditional retail is strong, but take a good look at history.  What reduced Circuit City, Tower Records and Linens and Things to a pile of steaming rubble?   Competition yes, but to a greater definition, online competition.   We are seeing behemoths like Blockbuster twist in the wind at the command of companies like Netflix, Hulu and online streaming presented by ATT's Uverse as well as other content providers.  The world is quickly turning digital and embracing the flexibility that that business model has at its core.  And su...