/U/Productivity

A Quick Guide to Getting Started with eCommerce

To be successful, you’ll need to have a good business structure, a quality product that’s in demand, a business plan, and effective marketing. Follow these pointers to help set up your business in the right way and to make sure you’ve got the best product for your new online platform.

Setting your business up for success

Before you launch online, consider whether your current business name is fit for purpose. Online trading reaches a much wider audience. Your business name should make sense in the setting that you’re selling. Research business names and website domains early on. Having a unique and readily identifiable business name can be critical to your success.

Moving into the online world can complicate things legally. For many businesses, it means scaling up sales and that necessitates a rethink of your business structure, legals and tax planning. If moving online means you’re likely to be turning over a lot more, consider talking to an accountant. You might need to register for GST or VAT. Crucially, if your store is available to customers from other countries, you’ll need to consider cross-border issues.

Having the right legal structure also counts. It affects everything from how your business pays tax to whose assets can be seized if things don’t turn out so well. Some areas and products need government consents, licences, or permits to operate. Make sure you do your research before you start selling online. Most government departments set out clear processes and forms for applying for registration before you get started.

Getting your shop in order – products, market, and suppliers

Have a product, a plan, and a niche

Your business’ success depends on having the right product (procured from quality suppliers) and being sold in a way that advantages you compared to your competitors – so do your research! Be sure to evaluate your product, target market, and your suppliers.

Market and evolve

When you’re up and running, make sure you maintain a healthy marketing and self-analysis programme. You could undertake this from data that your online platform collects, from your suppliers, and/or from search engine optimisation results.

Evaluate and adapt

From time to time, your business will want to check in with suppliers, customers, and your business targets and key performance indicators. It is important to have a clear roadmap for your business so that you know what success looks like and how you’ll know when you are approaching it. If your business is not going to plan, consider revisiting the plan or pivoting your strategy in a commercially intelligent way.

Picking out a platform

Many businesses who expand into the eCommerce space jump to this step first without thinking about the practical aspects and working through a business plan. Those steps are crucial, even if you have a fantastic idea for an online store.

When comparing eCommerce platforms, it can be easy to skip the features and zero in on price. Price is important, but features can make or break the transition online. A crucial feature is integration support; finding a platform that integrates with your accounting software and online inventory management platform will save you and your staff countless hours in the long run.

Finally, ensure your chosen platform is likely to be scalable as your business grows. Even if you don’t need a logistics, fulfilment or online inventory management solution now, there’s a decent chance you’ll want to be able to integrate with a shipping or online inventory management platform if your business scales significantly.

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B2B Retailers versus B2C Retailers: What’s the Difference?

The Basics

The B2C model is possibly the business model most widely understood by the general public. The B2C model sells finished products and services directly to consumers, while B2B models sell products to other businesses.

The Purchasing Process

There are a few fundamental differences between the two models when it comes to purchasing products. Consumers buy products or services for personal use, whereas business buyers purchase products or services for use in their companies, whether as a component to help them produce their finished piece or even for use in the office.

Additionally, the B2B purchasing process can be much more complicated than the B2C purchasing process. For example, decision making groups in B2B purchasing can include members from anywhere from technical, business, financial and operational departments, depending on the type of purchase. Moreover, the person selecting a product may not have responsibility for making the final purchasing decision. A large capital purchase, for example, may require authorisation at board level.

In contrast, the B2C purchasing process involves just the buyer. For example, when people go to the convenience store to pick up a drink, it’s a straightforward process involving only the buyer.

Payment and Prices

In B2C models, each consumer will likely pay the same price for a product as every other consumer. However, in B2B purchasing some customers may be charged at a different rate for the same product. This may occur, for example, if some customers agree to place large orders or negotiate special terms in order to get a reduced price to other customers.

Payment methods between the two models can also differ radically. For instance, B2C buyers traditionally select products and pay for them at the point of sales using payment mechanisms such as credit or debit cards, or cash. In B2B transactions, buyers select products, place an order and arrange delivery through an agreed logistics channel. Customers do not pay at the time of the order but receive an invoice which they settle within agreed payment terms.

Breadth of Audience

The final difference between B2B and B2C models is the types and size of consumer audiences that each model aims to target. For example, B2C retailers often strive to reach a broadly defined group of people – anyone from sports fans to millennials who are into music or kids in general. B2C retailers have a larger target audience as a whole.

By comparison, B2B retailers have a much narrower target audience – there are usually a set number of buyers, with a pretty straightforward profile. For example, a B2B retailer might only target ad agency owners or finance VPs at tech start-ups.

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The Benefits of e-Commerce for Manufacturers

Increased sales are obviously a major benefit for manufacturers using e-commerce, but this is only one perk. A successful e-commerce platform will also enable digital marketing efforts, integrate with other business solutions, and free up sales and customer service so that they can focus on more value-added tasks. In this article, we explore how e-commerce can benefit manufacturers beyond simply increasing sales.

Why Adopt e-Commerce?

Our world is increasingly digitised, and most importantly, consumers are increasingly shopping online. We now have constant access to the internet through smartphones, and each day we spend hours browsing on social media websites like Facebook and Instagram.

This means that manufacturers must think about how consumers access products. Since consumers spend so much time on their phones, it is vital that when creating a website for example, you ensure that it is mobile friendly. A website may be fine for consumers browsing on their tablets or laptops, but it must be mobile friendly as well. Buyers want to look online and call if they have questions. Click to dial is another must-have feature if you want to provide a seamless e-commerce experience.

The increased consumer traffic online means that businesses are increasingly adopting e-commerce platforms to get their products out there and increase sales. Small businesses looking to expand should follow suit to capitalise on the digitisation of our world.

Access to New Markets

Adopting a successful e-commerce platform will drastically improve your digital marketing efforts, and moreover, give you valuable access into overseas markets otherwise difficult to penetrate.

As your small business begins to experience some growth, you need to be thinking about getting access to markets beyond your local customer base to create more revenue opportunities. However, physically setting up manufacturing overseas or employing representatives elsewhere is costly and risky. A successful e-commerce platform will allow you to branch out on the world wide web right from where you are based. This is especially useful if you manufacture products which are dependent on seasonal demand – if it’s the wrong season where you’re based, somewhere in the world it will be the peak season for sales.

Customer Focus

e-Commerce is also great for improving customer satisfaction because it can allow customers to track the whereabouts of their orders. Using a digital tracking system means customers simply enter their tracking number to find out where their orders are, keeping them in the loop and most importantly, keeping them happy.

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Working From Home – Managing the Risks to Reap the Rewards

Employees who work from home are often more productive and happier, while businesses experience higher retention rates and employee loyalty.

There are some legal risks employers should be aware of before finalising a working from home arrangement in order to achieve better, safer outcomes for both businesses and employees.

Is Working From Home the Right Option?

Not every employee will be in the right position to have a working from home arrangement. Some key things to consider when an employee requests to work from home are:

  • Is the employee involved in a lot of face-to-face work with clients? If they worked from home, would this enhance or hinder the business’ client relations?
  • Is the employee required to work closely with a team on a day-to-day-basis? What communication processes would need to be implemented?
  • What level of supervision or monitoring does the employee’s role require? Are they self-motivated and able to work autonomously?
  • Is the employee’s home environment safe and free from distractions?

Open and consistent communication between employer and employee is key to making any arrangement successful. Employees should be able to articulate why they want flexibility and how it will enhance their productivity. Employers should set clear expectations before consenting to a working from home arrangement to ensure everyone is on the same page going forward.

The Right to Request Flexible Working Arrangements

Under the National Employment Standards, some employees are entitled to request flexible working arrangements, including working from home. Employees are eligible if they have worked for their employer for 12 months and if they are a parent or carer, have a disability, are over the age of 55 or are experiencing domestic violence.

Employers must seriously consider any request for flexible working arrangements. A request can be refused on reasonable business grounds, which could include that it would be too costly for the employer, be impractical to accommodate or would negatively impact customer service.

Work, Health & Safety Obligations Still Apply in an Employee’s Home

Employers are responsible for providing a safe workplace for their staff, whether they are working on-site or at home. Under work, health and safety legislation, an employer’s duty of care extends to wherever an employee is performing an activity that is part of their employment.

This means that if an employee physically injures themselves while working at home, it can be considered a workplace incident. Employers may be liable under a workers compensation claim.

Having a Working from Home Policy and Checklist can help to ensure an employee’s home complies with WH&S requirements.

Employers also have an obligation for their employee’s mental well-being, even if they are working from home and psychological injuries are covered by workers compensation. Stress, struggles with workload, bullying, harassment and job dissatisfaction are still issues that arise with employees who work from home. This risk can be minimised by having regular office days when the employee comes into work and checks-in with managers and other staff.

Confidential Information

If an employee is working from home, company property and intellectual property will often be put on personal computers or taken home in hard copy. This inevitably creates risks of confidential information being shared outside the business.

Employment contracts, codes of conduct and policies can assist with protecting your business’ confidential information. They can also ensure employers are able to request access to information and property (such as laptops or phones) at any time, including termination of employment.

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Emerging eCommerce Trends in Australia

With global eCommerce sales set to reach $4.5 trillion by 2021, Australia is already a top ten competitor.

What is fuelling this growth in Australia?

With a modest population of 23 million, eCommerce in Australia is largely fuelled by a stronger economy and infrastructure rather than the number of consumers. Australia is ahead of largely populated nearby Asian countries for a number of reasons:

  • High internet usage – 85% people of Australia have internet access
  • Adoption of smartphones – 19.4 million mobile phone users in Australia
  • Preference for shopping online – Currently 65% of Australians shops online
  • Stronger economy – Many people in Australia have more purchasing power and disposable income with a GDP per capita of $88,000. That makes spending money, whether it be spent online or offline, more possible

Australian online shopping versus brick-and-mortar stores

In 2017, a study showed that online shopping increased by 10%, while in-store foot traffic increased by just 3%. So if you are only running a physical store, it might be time to add an online store to your retail operations. Traditional business owners are going to have to get creative if they want to compete with online retailers. If you’re operating traditional brick-and-mortar stores without an online retail component, you need to expect disruption from eCommerce innovators with fewer overheads, higher margins and low barriers to entry.

Consumer trends

The way Australians shop online has changed significantly in recent times. Trends show that consumers prefer buying late in the day and majority from a mobile device; there has been a 52% year on year increase in online purchases via mobile device.

From these trends, eCommerce retailers should look to introducing or optimising their mobile site, ensuring it’s compatible for mobile viewers/ It is also noteworthy to ensure your IT team doesn’t rolls out maintenance between 2pm to 10pm unless using a staging site. Interestingly, demand for personalised products and services has increased significantly recently. There has been a 28.2% growth in personalisation for consumer products, and it is expected to rise. If you’re not offering personalised products to your customers, they will buy elsewhere.

Consumer demographics

Online spending is dominated by people aged between 35 and 44; growth for two age groups 35-44 and 45-54 is strongest. Australians aged 35-44 have 24% online spend share which is the highest amongst all age groups. All age groups’ online spend share is almost equal for domestic and international, except for the 18-24 group who tend to spend more on international stores than domestic stores. When it comes to the preferred time of the day in which different age groups shop, the best time is in the evening between 6PM to 10PM for all age groups except 60+ which tend to shop between 9AM to 12PM.

Growing industries

The three top growing retail ecommerce industries in Australia are:

  • Homeware and appliances
  • Personal and recreation
  • Fashion

These three categories account for 85% of total online spend. Department and variety stores have the highest online spending share across all types of ecommerce stores accounting for 30.1% with a 7% growth rate. Clothing is the most popular product category among Australians, while travel is the most popular service category.

Opportunities for businesses

There are opportunities to being a local eCommerce store owner in Australia. Statistics show that 30% Australians do not trust foreign sites and 29% prefer buying from domestic sellers. This makes it easier for domestic eCommerce stores to stay ahead of their international counterparts.

All this growth is still just the beginning as online spending is increasing every year. If you have not started selling online, it is the best time to get started as your target market is likely already buying online. The Australian eCommerce industry has a lot to offer so if your business is planning to start eCommerce in Australia today, begin with an ‘I’m born global’ mindset. Australian online retailers face fewer bureaucratic hurdles and barriers to entry, making it an interesting destination for foreign ecommerce investment too.

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How the Automotive Industry Manages Seasonal Pressures

Determining when stock levels need to be increased or reduced is largely based on previous selling trends, which for some businesses means relying on a limited field of data. In major car markets including the US and the UK, predicting the demand for new models, the decrease of sales over the holiday period, and the trends of used car sales offers a little insight into the seasonal trends of the automotive market, and offers some ideas on remaining profitable during these shifts.

Buying Stock Strategically

The downfall of many automotive retailers is a glut of unsellable stock. To successfully ride the seasonal cycle, vehicle dealers need to plan their inventory to reflect the vehicles that customers are likely to purchase in any given season, rather than going with what seems to be the best deal on auction day. Stocking for the present season might mean holding more convertibles and motorcycles during the summer and saving the trucks and SUVs for colder months. This applies to trade in purchases as well – is that classic convertible going to move quickly in winter, or is it likely to sit on the lot for months? Choosing vehicles that will have potential to be a profitable addition to your inventory is key to surviving in this industry. When it comes to inventory control, focusing on the customer point of view will avoid these impulse buys and offer a more realistic visualisation of your profitability. However, avoid overstocking during these times, because inventory sitting in a sales yard for months will obviously not portray the company image that will make your business successful.

Follow Wholesale Trends

For used car dealers, it is important to keep up with current industry trends in the marketplace. There are many resources online that analyse the used car marketplace, offering you some insight into what you believe will sell in the near future. Following the trends set by larger used car companies will enable better pricing of your inventory, as well as general ideas on the direction that the industry is heading towards. Likewise, keeping up with other local business stock and price brackets can help inform you of what your target consumer expects from a used car yard.

Keeping the Lot Full, But Not Too Full

When it comes to working capital, most companies could run more efficiently. The ineffective use of working capital, and the under-capitalisation of inexperienced business managers won’t maintain a profitable business through low sales periods. For car retailers, a seasonal peak requires better inventory control, including productive management of cash flow. This means avoiding carrying too much inventory while making sure that there are always enough vehicles to keep the lot full.

To avoid losses, stock-outs, and other seasonal struggles that effect inventory control, strict management of stock is needed to ensure idle inventory isn’t being held and wasting floor space. For new car sale yards, stocking too many of a specific model can result in dated inventory. Weighing up the previous success of the car brand, the effort gone into advertising the upcoming model, and recent customer enquiries can help to estimate the suspected popularity of a new model, allowing you to stock accordingly. Finding a balance between excess inventory and running out of stock takes knowledge of the industry and can also be improved by analysing the seasonal trends in the area.

In the automotive industry, finding the careful balance between meeting customer demands and overstocking is difficult to achieve. Comprehensive, seasonally-savvy inventory control offers the best way for companies to stay on top of customer demand while also planning for seasonal trends. Purchasing strategically and focusing on industry trends will prove to be smart planning for used car sales. Efficiently planning working capital will maximise cash flow within your business, and ultimately improve your yard appeal. By recognising the seasonal trends within the industry, businesses can tentatively forecast for the future to avoid loss and maximise profit.

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9 Reasons Your In-Store Retail Displays Aren’t Working — and What to Do Instead

In-store retail displays allow you to draw attention to specific merchandise, round out the immersive in-store experience, and flex your creative muscles.

In-store retail displays play a crucial role in driving conversions. Window displays alone influence 24% of purchases, according to NPD Group. And that’s before shoppers walk into your store: Imagine the impact of displays once they’re inside?

Despite the opportunity that retail displays provide, many stores are still overlooking this important selling tool. Below, we’ll dive into nine reasons why your in-store retail displays aren’t working and what to do instead.

Why your in-store retail displays aren’t working

1. They’re one-dimensional

One common mistake that retailers make is creating a one-dimensional display that lacks depth and height, a couple of the most important characteristics for appealing visuals. Whether it’s monochromatic or features products of the same height, this in-store display mistake could make your products and your store appear dull and boring.

What to do instead

Vary the visual elements; add height, color or depth where possible. If your products are the same size, put some on pedestals, or hang them from the ceiling as in the example above.

Sustainable goods retailer United By Blue partnered with Oxford Pennant (one of their vendors) on a month-long pop-up shop in their flagship store.

It was a great concept, but the main challenge was that the products on display were pennants. These items were flat, and posed unique challenges, especially when it comes to physical displays. Dan Taylor, omni-channel merchandiser at United By Blue, was up for the challenge.

“I really focused on giving the setup 360-degree shopability and building in enough visual drama to keep customers engaged,” Taylor says. They nested a 4-foot table into a 7.5-foot live-edge walnut slab table to hold the display, along with a “vintage industrial platform.”

“Along with the table cluster, I added a matte black metal hang rack that allowed me to add more height but also show some of the same product in a different way, and be shopped from the back,” Taylor describes. “Above that rack, I hung product from the ceiling, effectively giving the cluster five different levels.”

“All of this culminated in one of the most unique setups and successful retail activations in our flagship store.” – Dan Taylor, omni-channel merchandiser at United By Blue

A mannequin with a custom-embroidered jacket advertising the pop-up and hand-drawn graphics on the pop-up windows rounded out the display.


With 250 pop-up attendees, the in-store display saw more engagement than most of the store’s previous pop-ups and regular store displays. The display contributed to a 155% month-over-month increase in sales.

2. They’re too busy and distracting

Sometimes, less is more. But it’s easy to overdo it with your in-store displays. “Simple is best,” says Greg Corey, founder and principal at retail design agency Porchlight. “Oftentimes there is so much information that the space becomes cluttered and overwhelming.”

Whether it’s because of various team members’ conflicting input, lack of clear vision, or something else altogether, adding too much to a display can distract from its ultimate purpose: to drive sales.

“In some cases, the retailer immediately turns the shopper away before they have even sparked interest in the item by making the display unapproachable,” Corey says.

What to do instead

Establish a focal point for your display: If there’s one thing in your display that you want every passerby to see, what is it? Then design your display around that. “It’s best to narrow your focus and pull out key attributes that consumers can pick up on from at least six feet away and be drawn to learn more,” says Corey.

Check out this display at Elevator, an accessories and jewelry store in Toronto. Notice how they put the focal point principle to good use by choosing to highlight just one item (their scarves) and laying out the rest beneath it.

3. They’re complicated to execute

While we may have grand, creative ideas, they’re not always realistic. There are logistics that every retailer must account for, including but not limited to budget, staffing, and timelines. “Displays are on and off the floor in a matter of weeks to make room for new products,” says Corey.

“Another challenge is electrical. Electrical doesn’t always run to the middle of the store,” Corey points out. “So when you have displays that are in the dead-zone, there’s no way to incorporate video displays or backlit displays.”

What to do instead

It’s best to anticipate logistical challenges and design your displays around those circumstances. “As designers, we have to build the displays with low cost, non-permanent features because they will likely be shuffled around or damaged during relocation,” Corey advises.

You can also get creative around those challenges. In small storefronts especially, space is extremely valuable. And retail displays take up that valuable space. Denver’s Bouzy Wine & Spirits designed its displays to allow for better functionality and use of space. Their custom-made floor fixtures have wheels and a curved design that makes it easy for the retailer to reposition them to make more room on the floor.

Chocolate brand jcoco also made their retail displays multi-functional. They hosted a pop-up shop in Washington’s The Bellevue Square shopping center and needed to find a way to maximize the space but also keep the pop-up fresh (as is the nature for pop-ups). Everything was easy to disassemble and reassemble, plus it offered additional storage for merchandise.

4. They don’t reflect your price point

Linda Cahan, retail visual merchandising and design consultant says one major miss for retailers is not respecting price point designing your displays. “Space equals cost,” she says. “If you have expensive merchandise, people will understand that if there’s actually some space between the items.”

“People don’t want to feel like they’re bargain basement shopping and then see a price tag for $400.” – Linda Cahan, retail visual merchandising and design consultant

Cahan recalls a shoe store that disregarded price point in relation to visual merchandising. They had the shoes spaced apart, one at a time, similar to an art gallery. “The shoes were spread out and very elegant,” says Cahan. It was great, until you got to the price point: a surprisingly and relatively inexpensive $90.

“The visual merchandising attracted people who were looking for shoes that were in the $400 range, and then they saw these $90 shoes and they were a little betrayed by the display,” she says.

What to do instead

Mind the space for your merchandise; the amount of space a product occupies should be proportionate to the price point. This sets expectations. “It improves the shopping experience,” Cahan says.

“Customers instinctively understand that retailers are paying per square foot. The more stuff retailers cram into it, the more affordable the merchandise will be,” Cahan explains. “When there’s space, then the feeling is, ‘Wow, this stuff is more expensive.’ Customers just get it. And you can’t trick customers. You can’t make something be perceived to be less or more.”

5. They lack utility

If your in-store retail displays look beautiful but serve no purpose, you’re missing out on sales opportunities. Many times, retailers will use products that aren’t for sale, hide pricing information, or make it difficult to find the displayed merchandise elsewhere in the store. Your display could also be blocking pathways or the overall flow of your store.

What to do instead

Cater to your customer. Think about if you were shopping the display: Which information would you like to see? Perhaps there’s a sign that lists product details and prices, or a map of the store that shows you where to browse more size and color options. Better yet, bring a rack over or have a small section of the display dedicated to shoppable products.

Customers also want to see your product in action. It’s one of the main advantages a physical retailer has over ecommerce sellers. Creating displays that show your products in use or allow shoppers to try them out will help with engagement and conversions.

Brandless executed this really well in their Pop-Up with a Purpose in Los Angeles. Their displays effectively the different products they carried along with their uses. For example, they had a display that showcased the different pizza ingredients they were selling. To make it more effective, they merchandised it with pizza utensils and even had an iPad with video showing how people could use the various ingredients.

“The whole purpose of visual merchandising, other than selling merchandise, is to teach the customer what they should buy and how to put it together,” says Cahan. “That’s why you accessorize a mannequin. Essentially, an unaccessorized mannequin is an untapped opportunity to upsell.”

Cahan recalls someone she knew who would look at an entire designed room in the Bloomingdale’s home section and simply say, “I want that.” The associates could then assemble all of the displayed products for her, and she’d take everything home knowing that it will look good, since she’s already seen it in action.

6. They lack interactivity

Immersive retail is creating more opportunities for retailers to stand out than ever before. But when it comes to in-store displays, it’s easy to forget to incorporate that interactivity. After all, displays are meant to be visual, right?

In today’s retail world, you’d be remiss to exclude interactivity with your in-store displays. Consumers want to experience your product, not just look at it.

What to do instead

Your in-store retail displays are no longer for simply showcasing products; they should be interactive elements of your store that allows customers to have deeper engagements with your merchandise and your brand.

London’s Sipsmith is a gin distillery and shop. They created a retail display that allowed customers to experience their product on the spot with a sipping station.

Another example comes from Brandless, which gave guests that ability to test their products at their pop-up. Here’s a tasting station where people could test different olive oils and sauces.

Taste-testing is a surefire way to create an immersive experience in the food and beverage industry, but there are other ways you can get creative. Anthropologie is one major retailer that creates an immersive experience through in-store displays of their home goods, clothing and accessory products. “When you go into Anthropologie, you’re entering their world and you know it,” Cahan says. “Each area is designed and displayed and decorated uniquely.”

“Anthropologie does a lot of visual layering; it’s not just one prop on a wall. They create texture and movement through their displays,” Cahan says. “They know their customer, and they gear everything towards that customer.”

7. They disregard the details

Many times, retailers lack basic standards or guidelines. That makes it easier for smaller details to go unnoticed during the design process. “Standards matter,” Cahan says. “Messy means cheap, that everything’s on sale.”

What to do instead

Consider documenting brand guidelines for in-store displays. This becomes increasingly important for retailers with multiple locations, as it will help ensure both stores create a synonymous customer experience.

“It also sets a tone,” Cahan says. “One of the best ways a manual works is if you explain why you have this rule. When people understand why, then they’re more inclined to go along with it.”

Cahan has some suggestions for universal guidelines, but you should also include standards that are specific to your brand.

  • Matching hangers. “Cheap hangers will make clothing look cheap,” Cahan notes.
  • Tag symmetry. Make sure all of your tags are hanging in the same direction and found in a similar location on your products.
  • All merchandise faces left. This is the general standard for all verticals.

8. They’re uninspired

“One of the things retailers do that is a mistake is that they basically just stay in their stores,” Cahan says. “They don’t shop competitors.” It’s easy to be “heads down” in your business and fall into a routine, doing the same displays you’ve always done.

Sometimes, a fresh look and outside inspiration is all you need to be inspired to innovate with your in-store retail displays.

What to do instead

First thing’s first: Take a walk. Look at the other shops near your store, home or favorite store to shop as a consumer. Which in-store displays catch your eye? What do you like about them? Take pictures so you can recall and recreate later.

“Getting inspired by other types of retail can be a wonderful way to freshen and invigorate their own displays.” – Linda Cahan, retail visual merchandising and design consultant

“For instance, if you have a clothing store and you look at the displays of a gift shop or an antique store or an arts and crafts store, you can creatively borrow ideas,” Cahan says. “It’s a wonderful way to get a lot of fresh ideas. There are no rules about what you can or cannot do.”

Here’s an inspiring window display to get you started: One clothing retailer on New York City’s Madison Avenue used inexpensive paint brushes to create an artistic and eye catching display. “It was unexpected and pretty and not expensive, but it was very creative,” says Cahan. “When you see creativity in a window, then you feel that you’re creative by buying from this store.”

Luxury brands may turn to Saks Fifth Avenue as a source of inspiration. Consider these window displays for Dior: The innovative, industrial approach appealed to the quality of the product and style of their target market.

Portland-based Tilde, an accessories and home goods shop, is conveniently located across the street from a popular restaurant. The retailer lures customers in with their creative window displays, which are complemented by the textures and playfulness of the in-store merchandising. “She’s never spent more than $40 per window,” Cahan says.

9. They’re stale

One common mistake among retailers is failing to update the in-store displays frequently enough. One survey from PricewaterhouseCoopers found that 40% of consumers make weekly purchases at brick-and-mortar retail stores. Whether they visit your store weekly or not, you’ll want to make sure each visit reveals new products to discover.

What to do instead

To prevent your displays from going stale, maintain a regular schedule to update them. Bob Phibbs, the Retail Doc, advises:

“Every couple of weeks, move displays around to keep them from getting stale – and certainly move them when new merchandise comes in. Since the fairly new products will still be selling, switch your displays two weeks after their arrival. Move one display from the front to the middle of the store and another display from the middle to the back.”

You can also use holidays, events and seasonal changes to inspire changes in your in-store retail displays. That’s what one San Francisco-based Core Hardware store did for Halloween.

Hanging brooms in the windows, along with a “Witch broom?” tagline, drew attention and foot traffic, thanks to an unlikely but creative parallel between Halloween and hardware. “A little cleverness goes a long way. Window displays are on-street entertainment and on-street advertising,” Cahan says of the example. “It’s one of the less expensive ways to advertise and it lasts a long time, especially if you’re in an area where there’s walk-by traffic.”

Creating in-store retail displays that drive sales

You don’t need to be an overly creative or experienced designer to create effective in-store retail displays. The most successful displays are created with a specific goal and the customer in mind.

Which retailers have you seen create innovative in-store displays? Which approaches have you tried in your own store?

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How to Deal with your Excess Stock and Stay Green

This is not only an issue for your business financially, but if it isn’t handled appropriately it can also lead to wastage, which isn’t good for the environment.

Dealing with excess stock can be problematic, and you need to identify methods to account for the money invested in the excess stock and also consider the impact wastage has on the environment. From discounts to donations, this article looks at how to take care of your excess stock.

Reduced Prices

A great way to get rid of excess stock without losing out financially is by offering customers discounts on the products that are in excess. For instance, you may decide to keep fast-moving items at full retail price, but discount products in the “excess” by anywhere from 10% up.

Everybody loves a bargain so putting excess stock on sale is a great way to encourage customers to spend! This will essentially reimburse you for the money invested in the stock originally. As a bonus, reduced prices mean you are preventing the need to throw away stock and add to the ever-growing mass of junk that is currently plaguing the environment.

Bulk Discounts

Another great way to get rid of excess stock is to use bulk discounts, where you offer customers a deal that gives them more bang for their buck. For example, you might decide to make products that you currently have a surplus of as part of a “2-for-1” deal. Alternatively, you might allow customers, for instance, to buy one product and get the second one free.

This is a great way to drastically reduce the amount of stock crowding your inventory, but you are still working towards earning back the money invested in the stock in the first place. Additionally, you are avoiding the need to throw away large amounts of stock which, as mentioned is not environmentally friendly.

Donate to Charity

If, even after these methods have been exhausted, you still have an excess amount of inventory, you want to do everything you can to avoid having to create wastage and burden the environment with more waste.

While it may come down to drawing a financial loss if you can’t get rid of the excess through discounts and bulk sales, donating to charity is a great way to reduce inventory and avoid wastage. There are hundreds of charities who could benefit from a range of resources, from clothes to canned and packaged food. As an added bonus, being environmentally friendly and providing to charities is also a great way to improve your brand’s reputation in the community.

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Looking to your Competitors for Business Success

In this article, we address why it is so important to keep an eye on business competition and how a business can learn from other businesses in the industry.

Keeping Up With Trends

Business success can depend on a business’ ability to differentiate themselves from pre-existing companies offering similar products. However, in saying this a business need to keep an eye on what types of products are “trending” in the industry and ensure that the business stock these fast-moving items.

This will ensure that they have their finger on the pulse when it comes to satisfying their customers’ need for the latest trends. If they fail to keep an eye on trends, they risk losing their customer base to competitors who are supplying the products they don’t have.

The best way to do this is to research regularly. It can be as simple as a search on Google, but the business could also check out their competitors’ stores and see what types of products they are promoting.

Learn from Competitors Mistakes

Especially when a business is just starting out, a great way to know what not to do is by researching what has worked for competitors and what has not. This is a great way to learn from competitors and to prevent the business from making the same mistakes they did.

Check Out Their Online Stores

Another great way to learn from a business competitors is to check out their online stores if they have one. This can give the business an idea of how they market their brand, the purchase process and their price lists.

This is valuable information especially for businesses who are just starting out. You may find for example that the competitions prices are unreasonable, and if possible, you can use that to find your point of difference: lower price for customers.

Business success You may also learn a bit about how to market your brand, for example, one company may market their products toward a specific age range or gender. Think about whether or not you can use this again to differentiate your brand from theirs, such as offer something that they don’t.

Compare Finances

Another great way to learn from business competition is to compare their finances to yours. Key figures to compare include their gross, operating and net profit margins, as well as salaries and compensation. What are your competitors’ sales and profitability trends? And what are their marketing expenses as a percentage of their revenue?

By looking at the competitions finances and yours, you can identify any discrepancies within your business and try to correct them as soon a possible.

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Putting Two and Two Together: Manufacturing Inventory Management and Quality Control

This makes sense because wasted product is quite literally your money getting thrown out. However, many make the mistake of focusing solely on quality control and forgetting the impact manufacturing inventory management has on daily factory operations.

Quality Control

While quality is an important aspect of running a successful business, consistency also plays a major role. To ensure the quality of a product, you have to be up to date on your available stock and keep an accurate inventory. The first step is to analyse everything that enters and exits your business. This is best monitored by using inventory software, allowing you to track your purchases and output. Making sure materials are of adequate quality is important before you start using the product. If the product quality is lower than expected, don’t be afraid to return the stock to the supplier as bad supplies will only lead to bad products. To monitor the quality of incoming goods, check for damage and discrepancies upon entry into your facility. This will save time later on by avoiding already compromised products.

As you track your incoming product standards, the consistency of your productions will stabilise. Consistency is important in business management to meet product guarantees and expectations with clients. Appropriate inventory software allows for easier monitoring of products, and therefore sets a standard of production. Another key aspect to maintain this consistency is to methodise the processes of production. Streamlining the processes involved will eliminate any unnecessary steps in your manufacturing process and allow for uniformity between products.

A major key in quality control that tends to be overlooked is the effects of storage conditions on products. After production, the storage of sensitive items must ensure minimal damage or waste. This could include the effects of light, humidity, or temperature on a product. Even once stock has been produced, adequate management through inventory software can identify accurate numbers of stock available and eliminate waste from dated stock that no longer meets your product requirements.

Managing Inventory

Managing in-stock inventory is just as important as monitoring the quality during production. To ensure the least amount of wasted space and product, it is important to avoid idle inventory.

High stock numbers mean less cash flow and increased wastage, ultimately lowering profits. To ensure your stock levels are accurately monitored, use comprehensive manufacturing inventory management software that can help boost productivity, track manufacturing, control your purchasing, and assist in accounting. Streamlining the management of various aspects of business into one piece of software enables easier management, ultimately creating better business.

Using inventory software, you can analyse patterns of your business to ensure you produce the right amount of stock depending on projected sales. Analysing seasonality and sales trends can also help to identify busy periods where production rates will need to increase, as well as slumps in sales where production can slow. By tracking the nature of your sales, you can avoid wasted product or understocking by planning ahead according to previous sales data.

Stocktaking

As part of your manufacturing inventory management processes, regular stocktaking will allow for quality assessment and inform you of what adjustments need to be made to stabilise stock levels. Using inventory software offers an effective system of tracking stock, while regular counting strategies can allow for reliable comparisons between different stocktaking cycles for further analysis.

Setting the frequency of stocktakes allows you to compare data from different stocktakes and adjust inventory levels accordingly. Whether you decide to take stock weekly, monthly, or quarterly depending on business size, keeping constant between-count times will allow for more comparable data, giving you better insight into how best to manage stock.

Along with the frequency of counts, strategy should remain consistent to account for error and to allow for data to be compared. Using inventory software, you can divide stock by location, category, item or value depending on your business needs. Keeping this division strategy unchanged will allow you to use features of your inventory software to compare stock levels to that of previous counts and give insight into sales and customer demand. An effective stocktake offers many benefits to business, including the ability to track inventory, recognise which inventory is being held idle, what production levels need to be boosted or slowed, and how to best optimise your warehouse setup to reduce wasting products and space.

In order to run an effective stocktake, electing a manager with a methodological approach to counts is important. They can look to ensure your chosen count system works for your products and to organise staff and account for error. Implementing a standardised technique for stocktakes will allow for uniformity among different datasets, which makes the gathered stocktake data more valuable and insightful for predictions of business needs.

In Conclusion

The relationship between tracking inventory and assessing product quality is often overlooked by businesses. By accurately tracking inventory and product quality cash flow will increase, allowing you to offer your customers consistency and quality. Managing stock through inventory software can offer advantages by way of advanced tools for productivity, manufacturing, and finance monitoring, and ultimately lead to more successful and insightful manufacturing inventory management.

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