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Business Tips Knowledge Based Blogs Manufacturers Retailers Wholesale Clothing

5 awesome Steps to run a retail store successfully

In India business is no more restricted to a particular caste, but it is now a part of every family. But there is some kind of insecurity among retail store owners due to the online business. The most disturbed markets are fashion clothes and handicrafts. The bigger companies like Flipkart, amazon etc. provide a huge discount on various items and hampers the traditional business. Even if these traditional shoppers try to provide some kind of “Sale” but they don’t have that big margin. There is a strict need to improve this traditional market.

How Traditional Businesses work?

Let’s say your retail store is located in Ahmedabad and there is a huge demand of Kanjivaram Silk Sarees found in the southern part of India. Then there occurs a need to go to south and any buy sarees. Can you imagine the cost involved in this whole purchase, including your travel, margins of dealers etc.? That will be huge! But ordering such things through online wholesale stores can be a real benefit. There will be no loss in your retail store during your travel as you can order online sitting anywhere.  So the first awesome step for a good retail store is to purchase goods by online wholesale stores.

The second step of running a traditional business successful is to decide the business as per the location. Another way is to don’t keep a huge stock, especially for fashion clothes and eatables. It is always better if you keep different articles in your stores rather than keeping a limited edition. There are several other points which can bring business to your retail store and we are going to discuss it below:

1. Buy directly from online wholesalers:

This is the time for technology and the best way to get updated about diverse things without going physically. Now the businesses have also come online. There are websites or channels which connect the retailers to manufacturers and protect you from the margins of distributors and channels. This direct channel will always give you the best price as the prices are online and you can compare it with other wholesalers. Also, it is beneficial to reduce the traveling costs.

2. Store location matters a lot:

Fulfill your dreams of having a store with a proper store location. It becomes really important to know the nearby crowd of your store. Find the nearby shops, people and the sales of the market so that you can estimate what kind of articles will be better to sell. Try to have the shop in areas of high traffic. For a new store, you can also go some branded franchise to earn popularity. Choosing a location just because it is nearby to your house is not a good option and check all the circumstances for best outputs.

3. Keep minimum Stock:

Stocking shelves are the toughest task and the biggest mistake in some of the cases. It is not suggestible to keep a lot of stock because of fashion changes like a flash of light. For stores in which you sell eatables should also have limited stock because there are high chances of damage if not sold out. In such cases, you can always opt for online wholesalers who can provide you delivery for products instantly without paying much for traveling.

4. Proper Hiring:

If you hire dull and boring people, then forget about sales. In retails hire a dynamic and impressive salesman and other people. The young people always try to do better and learn more from your business. Before hiring always gather knowledge about their hobbies, interests and their mentality about your business. It is important to tell them about your market and explain about the products in details.

5.  Run your business on the clouds:

Try to replace your on-premise software with cloud-based to avoid headaches when you are not available in the shop and unexpected errors in your device. The things like sales, inventory, etc. are really important to be on the cloud.
With all these provided options you can make your typical retail store as an awesome store with real time benefits. It is the time for digital India and time to digitize your store without taking a second thought.

Categories
Business Tips Knowledge Based Blogs Manufacturers Retailers Wholesale Clothing

How Traditional business can compete with online business?

“If you are not online then you are out of business race”

Is this true? The traditional businesses are imagined as four walls surrounding a mess of boxes, every month the businessman is traveling to buy shopping products. This type of business had no weekends and no time for family and restricted to typical men’s society. Can we change this orthodox and gender biased society? Where everything is online, what if traditional business also drifts towards the online buying of wholesale goods rather than every time going to market for purchase?

There is a company Wholesalebox -online wholesaler who overcomes this long gap between retailers and manufacturers.  They are an online platform permitting the retailers or shopkeepers to buy hassle free and improve procurement costs. They provide you a better product quality and orders are delivered at their chosen place. A detailed description for the profits, retailers can have by ordering online are given below:

1.  Traveling Cost saved:

It was a necessity for a businessman to travel to different cities for business purpose, i.e. to buy goods from different regions of India. Imagine a good which is brought to your shop through a channel of 4 different wholesalers of different cities and having their own margins, but buying online directly from manufacturers will save you traveling cost and of course, there will be less commission added to your product. With Wholesalebox online service you can save up to 25%-35% of the procurement cost on all the orders. They show product cost online and buy direct from the manufacturers so there is just a little margin their products.

2.  Business not Disturbed:

A Nuclear family concept is the latest these days and a big problem for business class. Earlier if a businessman is traveling for any business, then his family used to take care of the shop, but now for nuclear families, salesman or some helpers look after the business. This hampers the business, but if these traditional businesses shop online, then there is no need to leave your business for days until and unless you are on holidays.

3. Time-saving:

Traveling from one place to another for newest collections is a time-consuming task, but businessman always wants best and diverse collection for their customers. Now, through online purchase of wholesale goods saves time and energy. Also, you travel to various manufacturers regularly for the latest fashion while through Wholesalebox shopkeepers can be updated with the latest collections online anytime anywhere.

4. Updates on Fresh Stocks:

The biggest reason for traveling is the search for latest stocks. Usually, in fashion clothes, it is very important to keep yourself updated with the latest trends and thus shopkeepers keep on traveling to different cities for some new stuff. But online wholesaler update latest fashion clothes almost every day that too from pan India. Retailers just need to find out clothes daily on the website or mobile application simply add them to the cart and proceed further.

5. Best Price Displayed:

The main problem with the fashion brands is the price fluctuations from one manufacturer/wholesaler to another which kills maximum time of retailers. Wholesalebox declares its price openly(online) without any other hidden pricing and adds ratings after passing through quality check process. It is easier to compare your wholesale shopkeepers/manufacturers’ price along with your travel costs and wholesalebox price.

6. Better Money Flow:

Usually retailers have concerns that they take the goods without instant payments. Wholesalebox does not believe in money borrowings, they think that money flow is an important part of business. If you shop offline, you try to gather maximum stuff in one visit. But through wholesalebox, you can minimum order even for very low amount. It also allows you to keep your store/shop updated with latest trends rather than stuffing all at a time and resolves the dead stock issues.

7. No gender discrimination:

The major problem, why women are not into traditional is this casual traveling for gathering products for sale. Traditional business is men dominating, but this idea of wholesale online buying is a rational decision and gives chance for women to come forward into business.

Time to change your thoughts, this is the time of digital India. Through wholesalebox it is the time it updates your traditional business ideas with online wholesale shopping. Once you start using this online platform nobody can stop your growth.