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SUCCESS RATE. |
I heard this question a few times.. What is the success rate in retail?
Wow, I can’t think of harder question, really. So many factors, so many different answers to different brand owners.
When I had my own brand, my rate was above 90%, so how did that happen? And why did it went down to 50% with other brands when I started my road as a rep agent?
Finally, how did it came up again to 70-80%?
Few parameters are the key to the right answer:
🎯 Having 1 SKU can typically work if it is a patent one or very unique 🎯 Having 10-15 SKUs makes the % higher 🎯 Crafting the right e-catalog affect it dramatically 🎯 Playing with a few different types of presentation is crucial. You might come up with a good brief describing your brand nicely, but you have to come up with more than one, test them all, and look at the NUMBERS – which one is converting.
At the other side of this, there is a buyer sitting in front of a screen and looking at your email/txt/msg and figuring out in a matter of seconds if any interest. If you manage to create the first good impression, that is adding 20-30% to the success rate. |
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HELIUM 10 |
Introducing Retail Empire’s latest collaboration. We are excited to partner with Helium 10, the leading tool suite in the e-commerce realm! Helium 10 equips Amazon and Walmart sellers with top-notch solutions, from advanced product research to seamless listing optimization. As proud partners, we’re thrilled to extend exclusive discounts to new subscribers. Elevate your online selling game today with Retail Empire and Helium 10. Valid until 4/30 11:59PM PST: |
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TJX ARE LOOKING FOR CONSUMABLE CLOSEOUTS |
If you have any excess inventory of over $100K worth, please touch base with us NOW! 👇👇👇 |
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RETAIL NEWS. |
Despite the big buzz around e-com and constant rumors about retail going down, here is the truth: “Last month’s retail sales, released April 15 by the U.S. Commerce Department’s Census Bureau, closed out a first quarter that has been much more of a boon for retailers than many observers expected. The year-over-year increase in March — 5.3% among the sectors covered by Retail Dive — was notable not just for surpassing expectations but also for beating inflation, thereby representing true demand for goods. Moreover, the federal government upgraded its numbers for the prior months as well.” |
I HOPE YOU HAVEN’T MISSED THIS OUT LAST WEEK: |
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MARKETEAM.AI LAUNCHES ELLA! |
the Autonomous AI Social Media Marketing Agent for SMBs, Marking the First Step in Marketeam.ai’s Ambitious Rollout of Specialized AI Marketing Agents. Marketeam recently announced the launch of Myella the first in a series of cutting-edge AI agents specially trained in distinct marketing domains. Currently supporting websites built on Shopify, WordPress, Wix, Woocommerce and Elementor, Ella is designed to autonomously manage organic social media marketing, setting a new standard for digital marketing efficiency and innovation for small and medium-sized businesses (SMBs). To try it out sign up free ➡️ HERE ⬅️ Use coupon code RetailEmpire30 for an additional 30 days free account! |
JOIN RETAIL EMPIRE WHATSAPP GROUP |
I know some of you already joined our silent WA retail group, and right after Passover, I am planning to resume sharing great retail tips there. So if you haven’t joined yet, click below for the link 👇👇👇 |
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Remember: it is not only RETAIL that is out there for your brand. There are so many good opportunities besides Amazon and Shopify, join us to our journey of getting your products selling on different platforms – physical stores, marketplaces, TV, media companies and everything else that is out there besides amazon. |
