Designer wear is what every fashionable person desires of. Designer wears are well stitched to enhance your personality along with a capability to show your high social status, but at the same time are very much expensive. Apart from highly rich people some not so rich people can also buy them by keeping in mind some simple but important things. Here we would like to guide you on how you can afford and buy designer clothes and accessories. Continue reading
Consulting is commonly known as, an expert of a particular field giving advises either to a company or to another individual. People and organizations are moving forward to consultants for better opinions and decision makings. Continue reading
Who are retailers? Retailing is referred to the dealings involved in the selling of products directly to the consumers. A retailer is therefore someone who acquires goods from the wholesalers and provides them to the ultimate users/consumers. Retailers are the most essential part of the distribution channel. Retailers help in selling the products to the customers, in their nearby shops, to the unsociable places. Online retailers have also the same goal of targeting customers widely and giving them an easy and timely access to the products and services.
Online retailing is the most contemporary, up-to-date and easy way of selling the products. Even though the importance of selling products online is not yet realized much, but there are many companies providing online buying selling services. This helps the company to bring productive ideas and strategies to handle their sales and promotion activities.
Online buying selling services give the company an easy access to all the potential buyers and sellers. It helps the businesses to find out new customers and marketplaces. If the company is successful in identifying new customers and markets effectively this will definitely going to increase the business. Therefore, acquiring online buying selling services not only gives an access to the customers but it also helps the companies to expand and enhance their business activities. It also helps the companies to increase their business contacts and interact with a variety of people.
Purchasers are, all the time in a need, to get the information about the products they want, immediately. Online retailing has helped the purchasers to make steady decisions in purchasing. Most of the times customers do not have enough information about the product or services they want to acquire. It is easy and accessible for the customers to get all the information of the required product and services through online stores. Online retailers have sophisticated search engines and databases full of informative knowledge a customer may want. It has increased the level of sales of the companies, as earlier most of the customers refused to buy products as they did not have sufficient information about the products. As a consequence the companies can expect customer loyalty and satisfaction along with high revenues.
Online retailers have an advantage of controlling the whole process of distribution themselves. Online retailing reduces the costs and expenses associated with the traditional retailing business. It reduces the cost of transportation, rents and utility bills that one typical retailer must have to pay.
Online retailing business is not associated with just large and successful organizations, nowadays it is being used by almost every size of company. Even though the companies having a few number of employees are more intended to use internet and online facilities to sell their products or provide their respective services. As the whole online buying selling process has the ability to reduce the costs associated with transportation, distribution, processing, sales and inventory. Together with the increased sales, access to the new buyers and markets.
Online retailing is therefore, a single solution for many problems and issues associated with the companies. Shifting the business from tradition retailing services to the online retailing business can be a central footstep towards success.
The opening of online wholesaler and distributor store is much different then opening a retail venue. Though both are acting as entity to sell the products, but presence is different. It is hard to catch the visitors and attraction when thousands of online stores are actually making huge success. It is also easy for those brands who are already enjoying the popularity from their retail stores. If you start with complete plan, then you will be able to receive the earnings ceiling and huge success. The initial step is to just select some of products and test the market after launching the online storefront.
Every business need the name. First, you select a good name which shows the product line of your store. The name gives the idea to the visitors about the specific type of items in the store. This will also help the audience to identify that the store is selling one item or having more types of products.
For contacting the wholesalers and distributors, you need to have the tax identification number. After choosing the right name of the online store, now it is time to register your business with your state. After registration, you will get a tax identification number that help you to utilize service providers. Now it is time to have the business bank account. This helps you to follow up your finance and allow you to receive payments from online customers that you are soon going to produce. Mostly the online customer pays the bill with PayPal and Credit Cards, so you ensure the process of receiving payment through setting up the business account.
Now find a market according to the products you want to have in your online store. I highly recommend you to stay in the market with which you are familiar, it is so easy to tackle those online wholesale store. If you like festivals or gadgets, consider finding a product for this market. A specific niche can give a larger profit margin than a broaden market. After selecting a specific niche, now select a wide range of products that meet the niche requirements. The product price should be between $50 to $200 dollars because the medium pricing attracts the lot number of customers online. Try to compare your store with other online wholesale companies that are selling the same selected product like yours. You can find there, the list of manufacture and can contact them directly through their contact details.
After listing down the company you want to contact, directly ask them for the wholesale pricing of your chosen products. Almost the all wholesalers guide you and reply back the inquiry you put in their contact forms if available. The very recent change is that the online store owner has to fill the required form in order to receive wholesale pricing information. Learn the details of your agreement with certain wholesaler and pay complete attention to the detail of the contract. For payment set up an account with your wholesale provider. Some wholesalers extend credit according to the milestone and some want payment at time of purchase.
Drop Shipping is considered to be the best option because it helps you to get rid of the product storage heavy task. It also creates the positive cash flow cycle. It means that you only pay for the product after you have received payment from your customer.
Hosted your online store website on Amazon, eBay, Yahoo, etc. You can also host your website by your own, but for this you need to register your domain and also need to find the host for the website. As the hosting process complete, create an attractive design for your online store. Build an informational web pages that are user friendly and attractive. Put some informational article and blogs for interested customers.
Use SEO and SMO techniques for creating the presence of your online store. These techniques are asset to create the huge traffic and sale on the website. Build an informational links on the news section of your website. Put picture and product description for each item, it will give the audience complete detail and authenticity of the item.
As you are now having the eCommerce site, put shopping cart option like a credit card processor. Bank and PayPal are the two viable options of shopping online. Setup drop shipping procedure or inventory for delivery the products to the customers.
Various agents barely crossed the cerebrum the best in class troubles and destiny of their business in 2015. Till the end of the 2014, they are orchestrating over the current circumstances of the business focus. In any case it is always extraordinary to strive for future. Continue reading
As the New Year starts, Cambodia introduce the new minimum wage for workers in the garment and footwear industry on this issue the United Nations experts have called on global garments brands to source their products from the country to play a part in helping the industry to engross the cost increases.
The new minimum wage of Cambodian workers is $128 per month. This change is projected by the International Labour Organization (ILO) to increase overall average wages in the garment industry that also include bonuses and overtime, this is from $183 to $217 per month, which increase factories’ wage bills by approximately 18.7%.
“It is important that all sides work together to ensure Cambodia’s garment industry remains economically viable, we call on the global brands to play their part. We have received encouraging signals that key buyers will honor the pledge they gave the Cambodian Government in September.” said Maurizio Bussi, the ILO’s Country Director for Thailand, Cambodia and Lao PDR.
The adjustments in the industry since 2012 has increased the minimum wage $61 per month. At the same time, the prices that Cambodian factories is receiving in their main markets have been declining, according to the United States Bureau of Labor Statistics it is 4.5 per cent drop in prices paid for apparel imports from Association of Southeast Asian Nations (ASEAN) countries since June 2012.
“Caught between these two forces, factories have seen a substantial fall in their operating margins over the past three years, In principle, factories can respond by increasing efficiency, using measures that range from better work organization to energy conservation. However, our research shows that these gains are gradual and will only enable factories to cover a small share of the expected wage increase” said Malte Luebker, the ILO’s Senior Regional Wage Specialist…..
Resource Box: Trade Directory – UK based business to business marketplace, provides B2B directory, trade leads and trade shows information to manufacturers, importers and exporters and B2B marketplace.