Buying and selling internationally is a key growth strategy used by the most successful independent merchants. We can see from looking at our own customer base of retailers and wholesalers that sourcing products from overseas manufacturers directly or through marketplaces like Alibaba and then selling using ecommerce platforms is an increasingly important way they are growing their businesses.
We’re excited that Brightpearl has given us the opportunity to share some perspectives on the payments landscape, and to introduce Digital Checks to you all. We are working with Brightpearl to integrate our Digital Checks directly into Brightpearl’s platform to make it even easier for you to send and receive payments.
What is selling on consignment?
Selling on consignment is when vendors retain ownership of their products and contract with other retailers to store and sell those products. There are loads of articles (‘Selling products on consignment’, ’Consignment’ by Shopify, ‘11 tips when selling through consignment’) out there about consignment selling in traditional retail but barely any are focused on the consignment model in ecommerce. We will focus specifically on the benefits and costs of running a consignment model in ecommerce.
We speak to our 1000+ retail and wholesale customers every day and they are generous enough to share their secrets for success with us. We also see the common traits of our fastest growing customers. We recently distilled this into a simple list of hot tips for retail success.
When it’s time to expand your business that often means raising capital to make it possible, but raising finance for a retail business isn’t easy.
Before then I thought I would share one key theme as a taster of things to come. It just so happens that this tip was reflected by comments by advisors and a very successful US fashion retailer Jules Smith who took part in our recent webinar ‘Financing Your Retail Business for Growth’.
Specialist Italian wine retailer and Brightpearl customer, Bat and Bottle, shines the spotlight on their small business as they take part in Small Business Saturday 2016. The independent retailer was selected to feature in the campaign’s ‘Small Biz 100’ which highlights 100 small businesses in the lead up to the big day.
Hello and welcome to July: In Review.
The end of September already? That can only mean one thing, it’s time for our monthly recap of the best retail and ecommerce stories to hit our screens this month.
This blog is part of the series ‘Holiday Season Secrets to Retail Success’. Our last blog covered 'What Retailers Can Learn From Black Friday and Cyber Monday 2015'. Keep your eyes peeled for more great content on helping you survive the upcoming holidays.
Black Friday and Cyber Monday are slowly creeping up on us and it's time for retailers to decide whether or not to participate so, yesterday we shared what retailers can learn from Black Friday and Cyber Monday and the pros and cons of getting involved. If you think the pros outweigh the cons and you're considering participating in Black Friday or Cyber Monday, these top tips for success during the hectic discount weekend are for you!