According to a widely reported stat, returning customers spend 67% more than new customers. To keep your customers coming back and boosting your sales, consider implementing a customer loyalty program that will reward shoppers and encourage their retention. This article explores 13 customer loyalty program ideas you should consider when starting your retail business or…
Tip List
19 Retail Promotion Ideas to Attract More Customers
Retail promotion ideas can help your business boost sales, attract new customers, and create a memorable shopping experience. By catching customers’ attention and incentivizing them to make a purchase, these strategies drive engagement and revenue. For startups, retail promotions can be a cost-effective way to gain visibility and attract a loyal customer base from the…
IRS Hobby Loss Rules & Tips To Avoid Them
An IRS-designated hobby loss is a loss from an activity that the IRS classifies as more of a hobby than a business. In general, a trade or business is an activity conducted for the purpose of making a living or profit. The IRS may presume that an activity is a hobby if it has not…
10 Retail Loss Prevention Tips & Examples for Small Businesses
Retail loss prevention is the practice of understanding the causes of shrinkage (or inventory loss) and taking steps to mitigate them. Retail losses primarily happen through shoplifting, returns fraud, and employee theft. Follow these retail loss prevention tips to safeguard your business and prevent inventory shrinkage: 1. Organize Your Store to Minimize Shoplifting Poorly organized…
20+ Tips & Ideas for Your Retail Store Window Displays
A store window display is the scene you create in your exterior facing windows and one of the most powerful elements in your merchandising arsenal. Your retail window display is an instrument for bringing in new and existing customers, displaying new products, highlighting promotions, and enhancing your brand image. Creating window displays will be a…
22 Ecommerce Marketing Strategy Ideas for Retailers
Ecommerce marketing is the practice of driving brand awareness, traffic, sales, and conversions to your online store. For example, ecommerce businesses can create email marketing campaigns, build loyalty programs, collect customer reviews, and offer personalized recommendations as part of their marketing strategy. Creating an effective ecommerce marketing strategy is crucial to growing your online store….
12 Invoice Examples: What To Include + Best Practices
We present 12 invoice examples that can inspire you to create a unique invoice to communicate with your customers clearly while further promoting your company. Having a well-designed invoice is an accounts receivable best practice that will encourage customers to pay on time. Besides being a request for payment, invoices can serve as promotional material…
10 Vendor Onboarding Best Practices [+ Free Checklist]
We’ll provide you with 10 vendor onboarding best practices—from creating an onboarding plan and discussing business processes to sorting out required documents and documenting payment methods—that can help you design a smooth and productive onboarding process. We also have a free vendor onboarding checklist, as well as templates for vendor registration, credit card acceptance, and…