A resource for retail small business owners
We had a dream – to one day open a brick and mortar store. But, we also had another dream. To do it on our own – without incurring debt – commonly known as “bootstrapping”. So rather than jump into a $20-$50K+ loan, my sister and I chose to take a bit of a journey. Our brick and mortar store,…
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A few months ago, the brick and mortar store owners in the Savvy Shopkeepers Facebook Group started talking about Sales Per Square Footage (SPSF). Some shopkeepers weren’t familiar with this metric and many didn’t know how to calculate it for their business. So I wrote a blog post about how to calculate SPSF and I included a link to a survey…
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Should I consign or wholesale? I hear this question often from BOTH retailers and makers. Let’s start with the difference between the two. Consignment is an arrangement in which an item is placed in the care of another until purchased by a buyer. A consignment arrangement usually involves an agreement with a retailer and a percentage split on items sold. For…
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I’m very excited AND honored to announce that I am a business blogger for Darice! Darice is a premier wholesale distributor and manufacturer who proudly serves a variety of industries. “Darice was founded in 1954, by Pat Catan, an entrepreneur from humble beginnings who valued hard work and dedication.” With 45,000+ products in independent retail stores, grocery stores, hardware stores and…
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The topic of “paying yourself” comes up fairly often in the Savvy Shopkeepers Facebook Group. It always surprises me that at least half of the shop owners in the group don’t pay themselves. And I have to tell you, this topic tugs at me almost daily. I often tell myself that I’m going to find a way to convince shop…
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Today, I’m spotlighting April Petersen of Pink + Frillos! If you’re looking for some Facebook Live inspiration and for someone who does it well, you should follow April. She’s funny, she’s charming and she doesn’t take it all too seriously! Let’s start her well-deserved spotlight: Tell us about your shop Pink + Frillos will be open 3 years in April 2019. We…
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I'm a Home Decor Boutique owner and lover of beautiful retail spaces. Several years ago I began a bootstrapping journey to retail ownership. Learning many things along the way, I quickly realized the value of systems, online tools, social media, marketing and business organization. It became a passion and a service that I knew could help others. As a result, Savvy Shopkeeper was born. Read More…
