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Press Releases from YourRetailCoach (27 total)

How AR Is Redefining Retail in the Pandemic

There are a lot of important factors involved in running a successful business. One of these factors is to adapt to changes in the industry and make the relevant transformations in your business to meet the needs and requirements of customers, and that's where technology comes into the picture. AR, AI, machine learning are some of the great tools that have become the most game-changing technologies for retail in 2022.

Importance of Branding for Ecommerce Startups

Branding involves identifying, creating, and managing assets and actions that shape stakeholder perception. The importance of branding cannot be overstated since it not only creates a lasting impression on consumers but also enables them to know what to expect from your online business. You can use it to differentiate yourself from the competition and explain why you are the better choice. As an eCommerce business ( https://www.yourretailcoach.in/industries/online-retail-ecommerce-consultants/ ), your brand should

Importance of high-quality eCommerce product photography for ecommerce startups

Getting into eCommerce can be a lucrative move. In order to maximize your profits as an eCommerce merchant, there are a few things you should do to stay competitive and one of them is investing in high-quality eCommerce product photography. Why high-quality eCommerce product photography is important? A product image is incredibly critical in eCommerce whether you run your own website or sell on a marketplace. Here is how photography helps

Tips for Ecommerce Competitor Analysis

While you shouldn't be overthinking the process of researching, it is important to make strategic choices. A competitor might outsmart you. You'll either jump into an unprofitable business that will drain your resources or take too long to find a company that could have made you money long ago. These tips help you find the perfect niche for your ecommerce business. 1. Gauge customer interest. While you could open a shop and expect

How to Start a Jewelry eCommerce Brand

The value of the global jewelry market is expected to be around $292 billion worldwide by 2025, as per Oberlo. If you also want to enter this market, you need to take into account certain factors that you can dive into right here. 1. E-Commerce Business Plan & Strategy To transform your idea into reality, your business model ( https://www.yourretailcoach.in/business-model-development/ ) should first be validated before venturing into the jewelry eCommerce space.

Things to consider while setting up a global eCommerce

With the advent of the Internet, today's businesses are no longer limited to selling within their borders but can trade within their domestic country, residence, or internationally with other countries. To capture a large share of the exponentially growing retail market, most businesses are now looking to expand their market internationally. In such a highly developed market, more sophisticated, cutting-edge, multi-channel experiences are the norm. To sustain in this highly

Best E-commerce business consulting firms in India

With a YoY of 5%, the Indian eCommerce industry is on an upward trajectory. Young demography, internet, and smartphone penetration, and relatively better economic performance are some of the reasons beyond this growth traction. From purchasing tickets from Indian Railways to fast-moving consumer goods or lifestyle products, the Indian demography has become more accustomed to the convenience of online platforms that enable transactions and delivery at preferred locations. This has

How Social Shopping Can Drive Sales

The Internet and mobile phones have surely changed the behaviour and lifestyle of human beings so much that people spend most of their time using social media these days. With the everyday increasing penetration of the internet across the globe, this trend is likely to increase. With this evolving trend, the business has also evolved these days. Yes, we are talking about social commerce and the business emerging due to

E-commerce Market Research for Business Model Validation

Any e-commerce business idea that one may have – before venturing into it, we must do market research around it. What is market research in the e-commerce business? In general, market research helps you “validate” your idea’s viability with potential customers. Online market research ( https://www.yourretailcoach.in/online-market-research-companies-pune/ ) in eCommerce business also covers – · Understanding the industry outlook ·

Foodhall Case Study

While Big Bazaar, the flagship company of Future Group’s retail arm Future Retail, replicates the local India bazaar with its chaotic nature, Foodhall the retail giant has a different story to tell. Foodhall has been built as the premium lifestyle food superstore, aimed at the affluent Indian customer who appreciates gourmet markets. Avi Biriyani, the concept head of Foodhall. states in a Yourstory article, "Before launching Foodhall, we noticed a

Crucial Steps that are involved in Implementing an eCommerce Business

E-commerce is about giving the best-in-class retail experience through the online medium using internet-based technologies. It is about reaching a whole new generation of tech-savvy consumers through digital media and technologies to leave a mark on the consumer’s mind about the unique value proposition offered by your company. When you decide to implement and embrace an e-commerce channel to your already existing business, it is essentially like starting a new

How to start and expand in modular furniture & home decor business?

“Necessity is the mother of invention” resonates well with the modular furniture and home décor industry in the last few years. The wants and demands of consumers have changed drastically, and while they always need furniture, the way they look out for furniture has opened windows for new growth opportunities in this sector. The increasing dependence on comfort offered by smart furniture and obsession with design and décor has perpetuated

E-commerce Market Research for Business Model Validation

Any e-commerce business idea that one may have – before venturing into it, we must do market research around it. What is market research in the e-commerce business? In general, market research helps you “validate” your idea’s viability with potential customers. Online market research in eCommerce business ( https://www.yourretailcoach.in/online-market-research-companies-pune/ ) also covers – · Understanding the industry outlook ·

Online Marketplace Business Plan

Understanding the revenue model of a marketplace. A marketplace business model ( https://www.yourretailcoach.in/online-market-research-companies-pune/ ) is a platform that connects buyers and sellers. They provide a platform for the two parties to interact and complete a transaction. A marketplace model has a buyer and a seller. The buyer can be a business entity or an end customer, and the seller can be a business entity or an end customer depending upon the

YRC (Your Retail Coach) sheds light on some of the undermined challenges in the …

The market for raw and semi-processed dairy products like milk, curd, cottage cheese, ice cream, etc. is a delicate one. The products come with a very short shelf life. Unorganized hyperlocal distribution and delivery networks rule this market. Given its prowess, eCommerce could prove to be a disruption for the traditional dairy retail industry. But what has worked well for the traditional dairy businesses presents a reflection of the challenges

Fundamentals for branding in retail pharmacy chain business - YRC

In an era of online retail pharmacy businesses appearing in large numbers, going brick and mortar may sound like a difficult business proposition. But the fact is that the traditional format holds an elephant’s share in the retail pharmacy sector ( https://www.yourretailcoach.in/industries/hospital-and-health-clinics-consulting/ ). The problem with retail pharmacy is access to a wider market absence of which limits their growth and expansion. Having a branded pharmacy chain of stores addresses

Benefits of Secondary Market Research to e-commerce startups

If you are planning to start an online e-commerce business, you cannot ignore the significance of market research and proper analysis before entering into the market. Proper homework is always needed for a task to complete, so is the case with an online eCommerce business ( https://www.yourretailcoach.in/industries/online-retail-ecommerce-consultants/ ). When it comes to market research, broadly, it can be divided into primary and secondary, where the former includes directly reaching the

How to Develop a Retail Business Plan

Retail business has been in existence since ancient times. Over the years, the retail stores have seen some major transformation. With digital platforms and the increased use of the internet, the retail business is no more confined to solely offline mode. Retail business can run successfully in both online and offline models or even the combination of both, i.e. omnichannel models. When talking about a retail business, it involves a diverse

Starting an online fashion retail business need not be complicated

The problem is that of perception. There is always a needless, negative hype in the air that starting an online fashion retail business ( https://www.yourretailcoach.in/fashion-digital-marketing-agency-india/ ) and being successful at it is a tough game and not meant for everyone. Not all industry experts or retail consultants believe in such limiting and damping conclusions. Despite the challenges, there are businesses that keep coming and are also able to hold their

Service Package for Supermarket Franchising by YourRetailCoach (YRC)

Once touching the zenith of success, there comes an important juncture in the journey of every supermarket business. This is the realization of the need to go bigger. For supermarket businesses contemplating business growth and expansion, YRC offers a comprehensive service package for supermarket business franchising. With over eight years of experience in retail consulting, YRC caters to a multitude of industries with clients from all over the world. A

Design Standards for Retail Shops

The retail industry has transformed a lot with the new age of technology and innovations. However, the primary goal of a sound retail strategy is still unchanged, which is delivering value in the supply chain and creating a unique customer experience. If retailers can successfully contend for their customer`s attention, nothing can stop their retail shop business to flourish. One of the best ways to do this is to focus

The Future of Food and Grocery Retail: Global Trends

As per global market research, although traditional brick-and-mortar shops and food retailers will continue to run their grocery retail businesses, the focus is growing on instant online services and a wider reach. To this end, the following two trends are going to have a substantial impact on the future of food and grocery retail businesses: 1. Online Grocery Deliveries Online grocery/E-Grocery is poised to become the next big

Starting a new retail supermarket

The world has never stepped back from anything that has given it better experiences. The sparkle and experience of shopping in retail supermarkets is not going to step back too. But this swish way of shopping goes beyond feel-good and involves ingenuity and meticulous planning and operations to also be competitive and provide convenience and the digital leverage of the 21st century. Market research. Retail supermarkets perform well in or around

Gas station Convenience Stores - YRC

A convenience store at a gas station is a small retail business that sells everyday use items such as coffee, groceries, snacks, cigarettes, soft drinks, tourists related products, over-the-counter drugs, toiletries, newspapers, magazines, etc. A convenience store is a part of a gas/petrol station to purchase goods conveniently while filling their vehicle with fuel. The convenience stores located at the gas stations have a reliable growth rate; however, their profitability directly

How to Develop a Retail Business Plan

Retail business has been in existence since ancient times. Over the years, the retail stores have seen some major transformation. With digital platforms and the increased use of the internet, the retail business is no more confined to solely offline mode. Retail business can run successfully in both online and offline models or even the combination of both, i.e. omnichannel models. When talking about a retail business, it involves a diverse

How to Start a Grocery Delivery Service

The trend of going out to buy groceries is quickly replaced with the ordering of groceries online. This is particularly noticeable in people living in urban areas, where hectic schedules mean there is no time to go grocery shopping. The online grocery trend has accelerated with the unfortunate yet ongoing pandemic situation. Even after the pandemic subsides, people are going to stick with ordering groceries online because it helps avoid all

How to start a Mini Supermarket?

Currently, the retail sector can be termed as a “boom” sector that is registering healthy growth. Given the situation, there is a tremendous opportunity for new players in the market to start on their own. This is especially true for mini supermarkets, where the amount of capital investment is relatively less compared to the traditional supermarket setup ( https://www.yourretailcoach.in/industries/retail-grocery-supermarket-kirana-consultants/ ). But it more or less serves the same purpose and convenience

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