Businesses, for instance, have "purchasing departments," not "buying departments." The term can imply a more structured process involving requisitions, approvals, and documentation. 5 Another perspective is that "buying" can be driven by impulse or desire, like buying a snack because you're ...
Another significant reason people impulse buy is thanks to deals and sales. People love to get a good deal, so when they see something is 50% off, considering if they actually need it gets pushed a little further into the background. It's another reason many sites offer free shipping on...
Smell is a fast-track to the system in your brain that controls both emotion and memory—two very prominent factors behind why we choose one brand over another. Taste: This can work magic if you happen to be in the business of selling consumables. Giving customers the ability to sample ...
Booking a venue will include signing aretail leasingagreement. Under a lease, the renter is considered a tenant and given exclusive possession for the time agreed to by both parties, otherwise known as the term of the lease. The term will outline what you’re allowed to do in the space, ...
Cash stuffing is a trendy term, popular with Generation Z and popularized on social media sites like TikTok. But the concept is hardly new. Still, it’s a creative way to save money –and certainly one that deserves to catch on. So, if you’re wondering if it works and if you should...
Retail therapyis a term for buying things in order to cheer up, boost self confidence, or avoid a depressing or stressful situation. It is a very common practice in modern society, and is not necessarily harmful in moderation. Obsessive retail therapy is sometimes referred to as retail or sho...
Assortment planning is complicated. But it’s easier to understand when you look at the bigger picture, especially in the context of another planning activity, merchandise planning. Retailers create a merchandise plan to set a budget for seasonal merchandise, the total selection for all channels. ...
Firstly, it’s a great way to reduce a company’s expenses – over the long-term – via economies of scale. The larger organisation may use its size to demand better terms from suppliers or obtain financing, while business consolidation plans can also lead to greater market share. Furthermor...
Sell anywhere with Shopify Learn on the go. Try Shopify for free, and explore all the tools you need to start, run, and grow your business. Start free trial Philippines Terms of Service Privacy Policy Sitemap Privacy Choices
Put simply, drip marketing is all about giving people the right information at the right time. If someone just subscribed to your blog newsletter, for example, a drip campaign could send a welcome email right away with another email two days later that shows off some of your most-read conte...