6 Must-Know Retail Success Tips for Business Owners

By Dean Cherny on September, 2023

<span id="hs_cos_wrapper_name" class="hs_cos_wrapper hs_cos_wrapper_meta_field hs_cos_wrapper_type_text" style="" data-hs-cos-general-type="meta_field" data-hs-cos-type="text" >6 Must-Know Retail Success Tips for Business Owners</span>

Do you feel left behind as the retail industry keeps transforming?

Brick-and-mortar is not what it used to be, and it needs to redefine itself to survive in a digital-first economy.

Here are 6 retail tips every store owner needs to know:


1. Do your homework before opening a store

Over 50% of new businesses fail within the first five years.

Avoid this by conducting proper market research and understanding real buyer demand before you open.


2. Design your store to boost sales

Lighting, creative displays, and the right layout can increase return visits and profit.


3. Train your staff

It’s not a nice-to-have—it’s a must.

Train staff on human behaviour, sales psychology, and how to guide (not pressure) customers.


4. Treat customers like humans, not numbers

Use personalised experiences to show customers that they’re valued, not just a transaction.


5. Capture one-time customers

It costs 5x more to attract a new customer than to keep one.

Have a re-engagement strategy—email, loyalty program, or simply remembering their name.


6. Know your “why”

You’ll face challenges. Knowing why you started will keep you going.


Want to know our why?
Read more about our founder’s story here.

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