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Choosing a Distribution Model: Drop Shipping vs Traditional Inventory

Retail Bound

It’s not just about getting products to customers; it’s about doing so efficiently, cost-effectively, and in a manner that enhances the customer experience. When a customer places an order, the retailer forwards it to a third-party supplier, who then ships the product directly to the customer.

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5 Signs Your 3PL Is Holding You Back

Retail Bound

If your customers are receiving damaged products and your shipping company is not properly packaging and securing your orders, it’s time to break up your 3PL ! Lost merchandise can set your business back days and dollars and result in very unhappy customers. Damaged Products. “75% Damaged products are a huge red flag. Late Deliveries.

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Getting Online Retail Up to Speed with Better Logistics Optimization

Parcel Pending

With the explosion in customer demand for online sales, cost -effective solutions to getting goods to customers quickly, efficiently, and on-time is a persistent concern for business leaders in the retail industry. For over 70% of customers, convenience and free shipping are the main reasons to buy online.

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How Your Startup Can Benefit from Tradeshows

Trade Group

How does attending a tradeshow market your product? However, you’ll be paying a premium to appear for both, and with how political everything’s gotten, you’ll have to pick your news outlets wisely. Furthermore, studies show that attention spans continue to decrease, especially regarding reading blogs.

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Pros & Cons of Continuing Renovations and Construction During COVID-19 Pandemic

Fuhrmann Construction

It’s difficult to know what to do. Scope: How big is the project? Not sure if you should continue with your planned construction project during the COVID-19 pandemic? Like all other industries, the renovation and construction industry is in a state of flux because of COVID-19. Is it commercial or residential?

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5 Major Pitfalls to Avoid When Launching a New Product

Retail Bound

As a design firm and a collection of entrepreneurs ourselves, we felt it would be helpful to share a few quick critical learnings from our experience in dealing with and launching thousands of products over the years. Launching a new product is exciting but often a trial by error and very creative process. Not doing extensive market research.

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9 Common Types of Customers in Retail (and How to Sell to Them)

Retail Times

From easy-going shoppers who make small talk, to customers on a mission who just want to get in and out of the store, retailers deal with various types of people on a daily basis. And as any good merchant knows, there isn’t one single solution or best practice for converting all kinds of customers. How do you this?