Reliance Retail And Big Bazaar Rope In Kirana Stores To Expand Operations

The retail sector in India has seen incredible growth over the last few years. It has seen many corporate houses that had very little experience in this sector venture in and actually achieve a good amount of success. Future Groups Big Bazaar and Reliance Industries Limited (RIL) owned Reliance Retail are two such brands. After mulling over various strategies to expand operations, the two retail giants have decided to rope in local Kirana-walas with a view widen product reach and expand their operations to newer territories.

The two brands are following different paths for the same. Mukesh Ambani owned Reliance retail are speeding up their expansion of wholesale cash-and-carry stores. On the other hand, Big Bazaar, owned by Kishore Biyanis Future Group has undertaken its Big Bazaar Direct Programme in this, Kirana Stores can become a franchisee for the big retailer.

Analysts say that this move by both the retail chains is bound to increase growth. Big organized shopping mall type stores may not be successful in small towns or villages. Hence, pushing products through these small grocery stores or Kirana Stores is highly beneficial for the brand in the long run.

At the same time, small traders remain skeptical of this move are not too optimistic on being co-opted by the big boys. Praveen Khandelwal, secretary-general, Confederation of All India Traders, was quoted as saying, Organized retailers are in the business for making profits and are least bothered of the small traders. They use predatory pricing tactics to ultimately wipe-off the smaller guys. Even their wholesale stores are nothing but retail in disguise, since they are giving membership to anyone, when it was only meant to be for traders.

Nothing seems to have deterred the people operating Reliance Retail though. The RIL owned entity which commenced operations in 2011 has opened 12 more stores in the last 10 months. And theyre not slowing down; this pace of expansion is growing. A person close to the retail chain said, We are catering to institutional consumers, hotels, resorts, cafes, catering companies etc, but kiranas are among the biggest target group.

The Reliance owned stores have also made in-roads into the wholesale store business. Its converting some of its stores into wholesale store businesses. About a million partners i.e., institutional customers have signed up for the wholesale business. Small shop owners, as well as people who own grocery stores in small towns are being part of member meetings to understand their needs. When contacted, a company spokesperson said only three stores are being converted and it will continue to expand across all formats, including retail and wholesale.

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Easy Ways To Start Your Own School Uniform Retail Store

Here are 4 easy ways to set up your own school wear retail store.

Franchises: In this case, you have to pay a small initial fee together with royalties to the franchisor, and in return, you get the right to use a well-known brand name. Additionally, you get a well-demarcated territory that is literally free from competitors, and hands-on training in how to use an established and fully-proven system of operation. Furthermore, seminars and conferences are regularly held which teach you how to market and sell your products successfully. The primary benefit of buying a franchise is that you don’t have to start from a scratch. While the franchisor takes care of all the problems, obstacles and hindrances, you just sell different types of school dresses, and make profits. Although you would have to share some of your profits with the franchisor, but you also get the much-needed support.

Multilevel marketing company: Here you just have to set up a retail store and stock it up with different kinds of school wears like boy’s school trousers, school skirts, blazers, socks, ties, school shorts, and so on. Instead of the reputation the brand, you use your personal contacts to sell the merchandise. For each sale you make, you get commission. You won’t receive any kind of support. If you’re a self-starter and enjoy working alone, then this kind of retailing is good for you.

Business opportunity: It is similar to franchise; you can freely use the company’s name and logo. You also get a business plan, and full-fledged operation support. However, you would have to run the retail store on your own. You would have to find a suitable location for your store, stockpile the products of the company, and hire competent salespersons to sell the merchandise.

Existing enterprises: Yet another way to jump into school uniform retailing bandwagon is to buy an existing business enterprise. When you buy a well-established retail store, you start receiving returns on your investment in a shorter span of time. Moreover, you don’t have to spend your time and money on planning and setting up each and every component of your enterprise. In fact, everything from inventory and customer base to location and staff is well-set for you to move forward. You just have to formulate and implement failsafe marketing strategies so as to increase the sales and profit percentage. However, before you buy a retail store, ensure that it is free from all sorts of troubles.

Copyright (c) 2010 Matthew Levy

How to Find the BEST Deals on Office, Warehouse, Industrial, Retail, and Commercial Space for Rent or Lease

Flexibility Leads to Affordable Office

If You Help the Landlord Help You, Both Can Benefit. Many start-up businesses begin their journey in the affordable and comfortable confines of home. Before they know it, these businesses out grow home base and need to replant their operation in a more formal setting.

Flexibility Rewarded

Flexibility is essential if you want to find great deals that meet your unique start-up needs. If you are considering a move to commercial office space, the best advice I can give is to be flexible in your needs and look for landlords who are flexible in regards to term, price, and overall service.

Often an entrepreneur’s need for flexible lease terms will dictate their decisions. When I talk with them, their biggest fears are that of survival and of managing their growth, which is why they don’t want to get locked into a lease. If your business hits a bump in the road and you have to scale back expenses quickly, you don’t want to be stuck with lease payments for the next three years.

Conversely, if your business starts to grow faster than expected, you don’t want to be trapped in a space that is too small. For these reasons, prospective tenants prefer minimum leases of six months to one year terms which most landlords shy away from.

Working with start-up businesses has taught me the value of developing ideas that are different and unusual. I noticed that when I started getting creative, new businesses became interested. Most importantly, I am committed to meeting the needs of every tenant, so in the end we can work together and come to an agreement. If my tenants need to expand I’m delighted and make every effort to provide them with new space. On the other hand, if they need to end a contract or shrink their operation, I assist them in this process as well. In my line of work, it is crucial to develop long-term mutually beneficial relationships. I would recommend finding a landlord who will treat you in such a manner.

Watch for Deals

Recently I met a gentleman who needed a flexible deal; I had a 734 foot space sitting empty. Consequently, we agreed that he would pay $375 a month, on a month-to-month basis, while the space was still actively marketed.

In return if a lease-signing tenant was found, the gentleman agreed to move to another office in the building or to one of our nearby buildings. He also got the right-of-first-refusal in case he wanted to stay put.

Part of my job is to listen to the needs of new tenants. I heard they had a strong desire for low-cost solutions, so I developed a standard package that offers 200 square feet for only $300 a month. The property has a caf, free Wi-Fi, conference rooms, garage parking and an exercise facility.

The price of $300 per month includes everything, except for phone service.

Ask Questions

Prospective tenants often rely on me, as an agent, to take the lead, handle most of the process and answer all of the questions. Sometimes they even look to me for advice about marketing their business. Overall, they are looking for a full-service package, not just someone to show them space and get a signed contract.

The Future Of Jewelry Retail

Accessibility is never an issue now that Internet dominates the world. Anyone wishing to buy jewelries will be swept over by assortment of designs in the zenith with just one keyword. Hence, its retail world has varied from exclusive elite shops to regular department stores to internet sites. Yet, the cycle of change hasn’t stopped.

The coolest mobile device opened a new opportunity for industries in a very promising way- this is through smartphones. With augmented number of users of this newest -it- phone, mobile retailing is now greeting the horizon.

Users of this gadget are interestingly stuck with their phones, on its every activity and more. They can afford to have active social life, go out and have fun while fasten full blast to its every nook and crook. Thus, business people couldn’t help but see the intensifying possibility of conquering even these tiny gadgets to enforce industrial businesses, especially jewelries; because if carried out successfully, this has high percentage of becoming a breakthrough project.

But just like all other big ideas, as high risk renders high reward, so does its critiques. This idea garnered a lot of arguments disbelieving in its potential and magnifying its awful to-be consequences.

Convenience spells good business to end-customers. In any form, they make sure that they patronize those which offer them products most conveniently. So as smartphones are always glued to them wherever and whenever, nothing beats the idea of selling stainless steel jewelries on their own free time and space, in a device just right on their hands. It is now never limited to place-bound shop or specific websites, it goes more personalized and accommodating that way.

But the million-dollar question is how are you going to initiate a mobile retailing? It always starts with what you already have. For one, you need to make sure that your e-store can make way to a mobile version of it which is trouble-free on small screens- because even though smartphones are -smart- to showcase desktop, investing on a phone adaptation can convince your potential buyers to stay longer and browse some more.

Downloadable inventories specially made for mobile devices are also a good point to persuade customers to survey your products, especially for newest collections.

Another one is to ascertain that your physical jewelry shop is available information at the Internet, more so linked to your mobile platform. That way, they can always find you easily.

Also, if you want more for the project, putting up an application that works to notify constant shoppers when new designs come out would be best way to go. Adding in a QR (Quick Read) codes on brochures, posters and flyers scan-able by smartphones so to give out coupons is absolute on customers’ satisfaction.

Moreover, through mobile retailing, flash sales and daily deals for your stainless steel jewelries can spot one limelight-lit place taking hold of consumers’ thoughts; unlike if it is just sent off to e-mails or what-not/s; chances are it will just be over-piled with other important mails for the customer, rendering the blasts useless.

Despite jewelry is part of human’s life way past medieval times, consumers’ demands for a masterpiece are never old and instead it grows more rapidly strenuous. With mobile retailing, these can be met.

Keys to Establishing an Effective Retail Pet Bird Department

How to Set up a Retail Bird Department or Shop

Establishing a top-notch pet bird department isnt difficult, but it does require a commitment to providing customers with exceptional service, knowledge and products. Sales are built on relationships, so it is imperative to develop excellent communication skills both in the store and in following up with customers and prospects. Each employee should be trained in product knowledge and sales techniques to represent your business and effectively maintain customer relationships. Wylds Wingdom has developed guidelines for getting a great bird department off the ground and maintaining strong repeat business.

A Strong Beginning

The greeting your customer receives is one of the most important parts of the retail experience. Whether taking a call from a prospective customer or greeting a walk-in, it is important to give an upbeat and welcoming greeting. “Good morning! Welcome to (or thank you for calling) store name” followed by “How can I help you today?” Asking a walk-in customer “Can I help you?” gives them the opportunity to say, “No, thanks” or “Im just browsing.” Asking how you can help or what the customer is looking for requires an answer that opens the door to conversation and allows you to begin interacting with the customer.

You can also ask a walk-in customer if theyve ever been in your store before. If they say “yes” you can welcome them back, which makes them feel valued and reminds them that theyve done business with you before. If they say “no” you can tell them a little bit about how the store is set up and give a little information about yourself, and then ask what theyre looking for.
The timing of the greeting is also important. Greet customers immediately so that they feel welcomed and know you are there to answer questions and give advice. Many customers who walk out of a store without buying do so because they feel ignored or like there is no one available to help them. Deliver your greetings with sincerity and warmth and make an effort to get to know the needs of repeat customers and you will see a big difference in customer response.

Keep the Conversation Going

As a retailer you are a problem-solver for your customers. You provide the solutions to their needs by supplying them with the products theyve been looking for. Thats great if they actually know what they are looking for and what they need. As a retailer of pet bird supplies, you have a huge bank of knowledge to draw from, to provide customers with the information needed to make more purchases. You know about new products, new discoveries in the world of avian health, food and equipment. You are the expert!

As a retailer, you should feel good about sharing your expertise, giving your customers the knowledge and products needed to give their birds what they need for a healthy, happy life. The best way to begin with customers is to engage in conversation. Asking the right questions is the most effective way to assist your customers and increase sales. Find out what they are looking for, and then ask why they want that particular product. This opens the door for the customer to talk more about their situation, their particular bird, and that birds needs. Pet bird owners generally enjoy talking about their pet, and your questions about species, housing, diet, activities and habits will provide you with valuable information. This is a great opportunity for you to use your unique avian knowledge and recommend the specific item that best suits their need, as well as additional products that might work well for the customer.

Once you build rapport with the customer and are able to make effective recommendations, you increase the chances of future purchases as well as referrals to other bird owners.

Staying in Touch Using Social Media & Email Marketing

The opportunity to interact with customers doesnt end when they leave the store. Establishing successful customer relationships requires frequent “touches”. Once you have the interest of a customer or a prospective customer, its important to stay in touch with them, reminding them of your business and what makes it special. This is especially effective in retail businesses where you provide customers with products they buy over and over again, such as pet food and supplies.

Email marketing and social media are two effective ways of staying in touch with a high volume of prospects and customers while maintaining a personalized feel to the interactions. In order to stay in touch via email marketing, youve got to be sure to capture email addresses. If your checkout system is run by computer, make asking for an email address a part of the check-out process in the store. Alternatively, you can keep a stack of information cards near the register and ask customers if theyd like to fill one out and join your email list. Make this question a part of your phone script for prospective customers as well. Let them know that you carry a wide range of products and would like to let them know when you are offering specials or have exciting, new products available.

Establishing a Facebook page and Twitter feed is a great way to let customers and bird fanciers know whats happening in your world. You can build credibility, establish yourself as an expert, highlight new or popular products, and offer followers special deals. For those in your email database, providing a clickable link to your Facebook and Twitter pages in your email updates and asking recipients to “like” or follow your business is an effective way to build followers. Provide in-store customers with a card that gives your Facebook, Twitter and webpage addresses, or have it print on every receipt. Ask followers to recommend your pages to their friends, and spread the word through your local Avian club or other community groups.

Social media has become a necessity in todays business world. Unlike traditional advertising, social media brings a personal edge to your marketing. Through social media, you become more than just a name to your audience; you become a person with whom they can interact. You can engage with your customers and not only brand your business, but build a sense of trust and credibility. When you communicate with your social media audience, you are not only communicating with your followers or fans, but also with your followers followers. The fact that someone “likes” or follows you is seen as an endorsement to their connections, allowing you to reach a whole new audience.

In addition to these benefits, social media will help you get a pulse on what your customers want. Social media makes it easy for customers to comment and give feedback, allowing you to see what it is that they like, dont like, want and dont want. You can use this information to better your service, your products, and in turn, your business.

The Latest in Social Media Trends

A sure sign of the role social media is taking in marketing is the recent launch of Google Plus for businesses. Similar to Facebook, Twitter, LinkedIn and other social media sites, Google Plus offers the advantages of communicating with your customers on a more personal level, getting to know their preferences, and getting a personal endorsement from them. Google Plus has the added advantage of the “+1” button, which takes this endorsement to a new level. Google Plus melds together social media, its email system (gmail), AND its search engine so your business gets exposure, not only through your followers, but also through your email contacts AND anyone who sees your website come up in a Google search.
If your website is properly encoded for Search Engine Optimization (SEO) purposes and someone does a Google search using your keywords, your website could pop up and that person could see your Google Plus page and “+1” it, endorsing it to all of their followers and friends as well as Google itself. Google states, “+1s” from friends and contacts can be a useful signal to Google when determining the relevance of your page to a users query. This is just one of many signals Google may use to determine a pages relevance and ranking.”
What this means is that Google itself is saying that having and using a Google Plus page will help increase your ranking on search engines. While Google Plus is going to be the major contributor to SEO, interacting on all of the different social media sites will benefit your SEO. The algorithms for SEO ranking are changing and are including more and more of the social media postings, so if you want a higher search engine ranking, you will need to establish an active social media presence.

Training Your Bird Department Associates

Giving your bird department staff the best tools for dealing with a wide range of customers and situations is an effective way to keep customers coming back and reduce staff turnover. Confident, well-trained employees will appreciate their work environment and pass on their positive feelings to customers.

Its a good idea to develop an employee handbook that outlines policies and procedures. An employee handbook can address rules, expectations, and the ways in which employees should represent your business and brand. This is the first step in developing effective retail associates who are reliable and responsible.

Developing a training program can save time down the road when bringing new employees on board. Take the time to create your training protocol once, and each new employee will receive the same consistent information on store basics such as opening and closing procedures, cleaning and pet bird care, handling sales and returns, stocking and inventory, and the customer interaction techniques outlined in the previous sections. The manual can cover greetings, collecting information, assisting customers through conversation, etc.

Product knowledge and general bird care knowledge are other areas that will require training for your bird department associates. If you have birds in your store or department, your employees should be trained on the basic information about the species you carry. Customers will look to sales associates as the “experts”, so they should be able to answer questions and provide information about various bird species.

Encourage employees to familiarize themselves with inventory, and make educational resources on bird species and care available. Holding regular meetings or training sessions before or after hours will give you an opportunity to go over popular products and how they can be introduced and explained to customers. Role playing is another effective way to work through product knowledge and how staff can effectively listen to customers and direct them to the products they need. Regular meetings will also keep everyone up-to-date on new products, new displays and promotions, and industry news.

Consistent mentoring and training of employees can often give staff a sense of ownership and accountability, which ultimately adds to your stores success.