For independent retailers, even small losses can have a big impact on profits. Whether it’s due to shoplifting, employee theft, or stock mismanagement, shrinkage is a real concern, and one that can be reduced with the right strategies in place. 1. Train Your Team to Stay Alert Staff awareness is one of the most effective […]
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Many independent retailers assume that if they don’t sell products online, they don’t need a website or social media presence. But in today’s digital-first world, customers expect to find information about your business online, whether they’re planning a visit or comparing options. 1. Customers Look You Up Before They Visit Before stepping into your store,
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In today’s retail landscape, competing with online shopping means offering something digital platforms can’t replicate: an engaging, enjoyable in-store experience. For independent retailers, creating a memorable environment can turn casual browsers into loyal customers. 1. Appeal to the Senses A great in-store experience goes beyond products—it engages all the senses. Play carefully selected music, keep
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Many small retailers take out business insurance and rarely think about it again, until something goes wrong. But as your business evolves, so do your risks. Regularly reviewing your insurance policies ensures you’re properly protected and not paying more than you need to. 1. Business Changes, Coverage Should Too Have you expanded your product range,
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Independent retailers don’t need to face challenges alone. One of the most powerful ways to strengthen your business is by partnering with other local businesses. Collaboration can open new opportunities, expand your reach, and create a stronger presence in your community. 1. Expand Your Customer Base By partnering with a complementary business, you gain exposure
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Many small retailers operate without a formal budget, relying on instinct and experience to make financial decisions. But in today’s competitive market, a clear business budget is not just a nice-to-have—it’s essential for survival and growth. 1. Gain Clarity Over Cash Flow A proper budget gives you a clear view of where your money is
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For independent retailers, social media is more than just a place to post updates—it’s a powerful tool to connect with local customers and drive real-world foot traffic. When used effectively, it can boost visibility, increase engagement, and bring more people through your doors. 1. Share What Makes You Unique Use your social media platforms to
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No matter how well you run your independent retail business, customer complaints are inevitable. How you handle them can make the difference between losing a customer and turning them into a loyal advocate for your brand. Here’s how to manage complaints effectively while maintaining your reputation. 1. Listen and Acknowledge When a customer raises a
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The Australian Competition and Consumer Commission (ACCC) is set to intensify scrutiny of major supermarkets and retail sectors in the coming financial year, following a surge in consumer complaints and a $30 million funding boost. Chair Gina Cass-Gottlieb announced that tackling the cost-of-living crisis remains a key priority, with a focus on dominant supermarket chains
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Running an independent retail business comes with constant financial pressures. Rising costs can eat into profits, making it crucial to find ways to save money without lowering the quality of your products or customer experience. Here are three effective cost-cutting strategies that won’t harm your brand or reputation. 1. Streamline Supplier Costs Review your supplier
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In the world of independent retail, loyal customers are the foundation of success. They not only return time and again but also act as ambassadors for your business by recommending you to others. Here are three proven strategies to build lasting customer loyalty. 1. Know Your Customers Personally As a small business, you have a
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Running an independent retail business can be both rewarding and challenging. With increasing competition and rising costs, small business owners must adopt smart strategies to maximise profits while keeping operations efficient. Here are three practical tips to help you thrive in today’s competitive market. 1. Focus on Customer Experience Delivering an exceptional customer experience is
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In today’s competitive landscape, cultivating a robust network is not merely a “nice-to-have” but an essential ingredient for business success. Whether you’re just starting in business or a seasoned business owner, building meaningful relationships can open doors to opportunities, resources, and collaborations that drive growth and resilience. Why Networking Matters Networking is not about collecting
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IndiHub is the place where Retailers come to save money, save time and grow their business, and provides members with all the help and advice required to run a successful and highly profitable business.
