Retail businesses have been impacted by this year’s economic disruptions, but opportunities still exist for businesses to optimize, survive and thrive. Here are five strategies you can adopt today.
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4 min read
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It has never been easier to start a retail business. Whatever your interests are or whatever the market you want to serve is, a wide range of developments have made it possible to launch a retail business much more efficiently than say, 10 years ago.
First, white label manufacturing has grown exponentially. You can get products of any type made and shipped to you without any branding so you can put your materials on them and sell as your own unique product. If you want to build a completely custom product, you can do that by outsourcing the manufacturing. You can also utilize drop shipping if you’d prefer to focus on marketing alone, which is something that social media and online e-commerce platforms have made very efficient.
But starting a retail business is completely different from growing and scaling one, and the