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Aug 7, 2023<\/p>\n
\u00a0<\/strong><\/p>\n With host retail coach Wendy Batten<\/p>\n \u00a0<\/strong><\/p>\n https:\/\/wendybatten.com\/169\/<\/p>\n \u00a0<\/strong><\/p>\n Hard truth to start off the podcast today: More sales \u00a0<\/strong><\/p>\n 1. Price your goods properly. We have a whole Buying & \u00a0<\/strong><\/p>\n \u201cBeing \u2018nicely\u2019 priced is going to put us out of \u00a0<\/strong><\/p>\n 2. Buy your merchandise properly. This is when you \u00a0<\/strong><\/p>\n 3. Strategically place your products with the highest \u00a0<\/strong><\/p>\n 4. Demo your products.\u00a0 Let your customers touch, \u00a0<\/strong><\/p>\n 5. Bundle your higher margin products with other \u00a0<\/strong><\/p>\n Taking small steps to feel more confident in your \u00a0<\/strong><\/p>\n If you found this episode helpful, please share it \u00a0<\/strong><\/p>\n If you are looking for more, remember that my Retailer\u2019s Related podcasts we think you\u2019ll like: \u00a0<\/p>\n Episode 109 Episode Episode About your host, Wendy Batten<\/p>\n In case we haven\u2019t met yet, I\u2019m Wendy, a small Through online classes, business coaching programs, I am proud to have been featured in several major When I\u2019m not coaching, you will find me either DIYing \u00a0<\/strong><\/p>\n For more support from Wendy<\/p>\n \u00a0<\/strong><\/p>\n Retailer\u2019s \u00a0<\/strong><\/p>\n Wendy\u2019s FREE Resources \u00a0<\/strong><\/p>\n Hang out and connect \u00a0<\/strong><\/p>\n All of Wendy\u2019s programs and services for shop owners Subscribe & Review in iTunes<\/p>\n Are you subscribed to my podcast? If you\u2019re not, I\u2019d If you
\nwill not necessarily make you more profit! I am a firm believer and
\nyou all hopefully know by now that I do not believe in chasing
\nsales. Today on the podcast we are going to talk through 5 ways you
\ncan improve your profit margins and why you should. Let\u2019s work
\ntogether on building a business that works for us, not the other
\nway around.\u00a0 Here we go!<\/p>\n
\nPricing Masterclass in the Retailer\u2019s Inner Circle, but the short
\nexplanation is not to just use MSRP, copy your neighbors,
\netc.\u00a0<\/p>\n
\nbusiness.\u201d\u00a0 -Wendy Batten<\/p>\n
\nmake your money! Think strategically about your margins when you
\nare purchasing from vendors, at trade shows, etc.Find sell offs and
\nwalk away from low margin items.\u00a0\u00a0<\/p>\n
\nmargins in the most visible, high traffic areas of your shop.<\/p>\n
\nfeel, see how they work.\u00a0 Trust me – this works! You can demo
\nwith ANY products in your shop.<\/p>\n
\nproducts. Offer different price points for your bundles, offer
\nthemed bundles, etc.<\/p>\n
\nfinancials is key to feeling good and in control of your beautiful
\nbusiness. By analyzing your profit margins, you are on your
\nway.<\/p>\n
\nwith at least one of your business besties!\u00a0<\/p>\n
\nInner Circle is always open. The perfect time for you to join
\nus is NOW – ahead of Q4 and right before we start talking holiday
\nsales! You\u2019ll get access to tons of masterclasses (including my
\nBuying and Pricing Masterclass referenced in this episode!)\u00a0
\nYou\u2019ll also have full access to Retail Made Simple, my signature
\ncourse and an exclusive Facebook group full of like-minded
\nretailers from all over the world. Jump in today!<\/p>\n
\n– Money Mindset, Abundance, and Bad Ideas with Guest Expert Emily
\nKing<\/p>\n
\n104 – Tight on Cash Flow? Let\u2019s Turn Your Old Inventory Into
\nCash for You<\/p>\n
\n89 – Money Talk & Mindset with Profits First Coach April
\nStroink<\/p>\n
\nbusiness coach and founder of the
\nRetailer\u2019s Inner Circle, where I help other independent shop
\nowners learn how to gain the right business skillsets to see more
\nprofits, paychecks, and joy as they navigate running their retail
\nbusiness.\u00a0<\/p>\n
\nspeaking, and a top-ranked podcast,
\nI\u2019ve helped hundreds of retailers around the globe reclaim their
\ndream and see the success they want from their beautiful shops. My
\nsignature private coaching community, The
\nRetailer\u2019s Inner Circle, has helped retailers around the world
\nbuild their retail business skill sets and confidence.\u00a0<\/p>\n
\npublications, including my own business column in What Women Create
\nmagazine. I have been privileged to be a guest on top-ranked
\npodcasts and sought-after as a guest speaker and teacher for
\nseveral brands, associations, and communities that are passionate
\nabout the success of independent retailers.<\/p>\n
\nand renovating my very imperfect old crooked cottage by the sea in
\nthe UNESCO World Heritage town of Lunenburg, NS, or blogging about
\nour travel and RVing adventures and the weird fun things we get up
\nto in our coastal village. I\u2019d love to invite you to check out one
\nof my free resources for real retailers at https:\/\/wendybatten.com\/free-resources\/\u00a0<\/p>\n
\nInner Circle – Join Wendy inside the best retailer\u2019s
\ncommunity<\/p>\n
\nfor shop owners\u00a0<\/p>\n
\nwith Wendy on IG\u00a0<\/p>\n
\ncan be found HERE.\u00a0<\/p>\n
\nlove you to consider it. Subscribing means you won\u2019t miss an
\nepisode!
\nClick here to subscribe to iTunes!<\/p>\n
\nwant to be more of a rockstar, I\u2019d love it if you could leave a
\nreview over on iTunes as well.\u00a0 Those reviews help other
\nretailers find my podcast and they\u2019re also fun for me to go in and
\nread.
\nJust click here to review, select \u201cRatings and Reviews\u201d and
\n\u201cWrite a Review\u201d and let me know what your favorite part of the
\npodcast is. So grateful for you! Thank you!<\/strong><\/p>\n<\/div>\n