Archive for the ‘News & Views’ Category

At the End of the Day…

By | Tuesday May 15th, 2012 | 08:33 am | Comments

Is the Product Priced Right? (marketing)

Unlike in a business to consumer (B2C) context, decision makers and buyers in B2B are in most cases not one and the same. In B2B, the decision makers who control the purse strings and have the authority to sign the checks and those multi-year contracts are not the same people who will actually be using your products or services.

The Sales Process is Evolving (infoworld)

The 21st century salesperson is now more so than ever defined in terms of his or her ability to add value to the customer.  Forrester developed and tested a hypothesis that B2B selling is really about the transfer of information

 

 

 

Why Price is King….How America Shops

By | Tuesday May 1st, 2012 | 06:24 pm | Comments

The How America Shops® MegaTrends report, Moving On 2012, found that:

80% of Millennials believe it’s important to get the lowest price on most things I buy.
60% are likely to choose a lower priced brand over their usual, if they can save money.
57% of this demographic make a point to search online for discounts before shopping.
63% are now sticking to only those brands and stores they know they can afford.

Niche Brands Might Prove Interesting, Battling B2B’s, Female Entrepreneurs…

By | Monday April 30th, 2012 | 04:30 pm | Comments

Retailers Need to Allocate Shelf Space to “Niche Brands” (ezinearticles)

What if, in this present sales environment (or lack of sales), some maverick retail executive came in and said, “Let’s try this niche thing for six months as a pilot program in six of our chain stores in a certain region and see what happens.” The results (and sales) might prove interesting.

B2B Sales Choose Your Battles Wisely (business2community)

There is no doubt B2B sales is in many cases, a battlefield.  Sales reps must become sales warriors and learn to train and strategize like that of Sun Tzu’s soldiers.

As most experienced sales professionals know, buyers are busy and getting hit from all different angles addressing the needs of their company as well as being contacted by other sales people. If your buyer is not responding or continuing to blow you off, step back and reevaluate. Don’t be pushy. When you do enough of the right things, in time, the math will add up and the desired results will chase you.

The Technology Industry is only 25 percent female  (bostinno)

According to the online jobs website, “Female entrepreneurs begin with about 1/8th of the funding of male-owned ventures” even though “women-operated, venture-backed companies have 12% higher revenues.” As you can see, something clearly doesn’t add up.

Betsey Johnson LLC has filed for Chapter 11 bankruptcy (ibtimes)

Fashion designer Betsey Johnson’s licensing company, Betsey Johnson LLC has filed for Chapter 11 bankruptcy. Almost all of the designer’s boutiques are expected to close, with estimated 350 staff members losing their jobs.

 

Fast Fashion Driving Retailers Toward Short Lead Times, Selling to Stores…

By | Monday April 23rd, 2012 | 07:47 pm | Comments

Changing Sales Forever (pcbdesign007)

The new world embraces the idea that if you have some information that the potential customer finds helps him or her in their professional lives, they will want to hear more, and opt in to do so. You then can build credibility with them, and establish yourself as a leading voice on the content you deliver to them. This increases the likelihood that they will turn to you when they have a requirement for products or services that you offer.

AmazonSupply goes B2B (foxbusiness)

The categories go way beyond Office Depot or Staples and likely will compete against other online or catalog-based suppliers. Inventory includes hand dryers, drill bits, printer paper, cash registers and more obscure products.

Fast Fashion is Driving Inventory Changes (orlandosentinel)

Over the past few years, U.S. clothiers have shrunk their typical concept-to-store times down to about six to nine months, from a previously glacial 12 months. How much further U.S. fashion retailers can go, or should go, in the quest for speed is a question that involves everything from margins to corporate culture and a reliance on cheap but distant Asian manufacturers.

 

 

 

 

 

 

 

 

 

Selling to Businesses – Flashcards

By | Sunday April 22nd, 2012 | 11:04 am | Comments

Selling to Boutiques – Try Using these  B2B Flashcards (flashcarddb)

Buyers are professional and are informed – be more straightforward.

Start-Up Lessons for a 9 Year Old…hold true for a 90 Year Old (builtinchicago)

Having no customers and minimal traffic is tough, but that’s the way almost everyone starts.

 

 

 

Never Give Up…Grit is Key, Interesting Family Business Stats…

By | Monday February 20th, 2012 | 11:49 am | Comments

The Value of Grit and Perseverance (psychologytoday)

Many of life’s failures are people who did not realize how close they were to success when they gave up, opined Thomas Edison

“There were certainly a fair number of people who were brilliant, ambitious and persevering,” Duckworth reports. “But there were also a lot who were not a genius in any way but were really tenacious.” They began referring to this tenacity as grit—the determination to accomplish an ambitious, long-term goal despite the inevitable obstacles. Grit clearly resides in the same psychological neighborhood as motivation and self-discipline, but it’s on a distinct property—and no one had ever knocked on its front door before.

Running a Family Business (businessbewareshow)

• Family businesses generate 60% of the country’s employment and 78% of all new job creation.

• The average life span of a family-owned business is 24 years.

• The number of family businesses run by women have grown 37% in the past five years.

• 35% of Fortune 500 companies are family companies.

• Family businesses comprise 80 to 90 percent of all business enterprises in North America.

• Only 40% of family owned businesses survive to the second generation, 12% to the third, and 3% to the fourth.

Why Low Prices aren’t Everything (smallbiztrends)

If you think competing on price is the only way to gain the upper hand in your niche, take a lesson from the new J.C. Penny strategy. You may not need to cut your prices to win. But deciding on a basis for your pricing and the value you feel you deliver are critical. Bloomberg Businessweek

 

 

 

 

2011 Consumer Spending $44 Billion in Retail Sales

By | Monday January 2nd, 2012 | 01:20 pm | Comments

Consumer Spending 2011 (chainstoraege)

ShopperTrak says, consumers spent approximately $44 billion in GAFO retail sales for the week ending Dec. 24, a 37.8% increase over the previous week and a 14.8% gain over the same week last year.

What can you offer skeptical prospects? (ezine)

The lifeblood of a small business is the ability to keep a steady flow of new customers buying no matter how bad the economy gets…

Connecting Online Shoppers with In-store Reps (retailwire)

We could beat them on our home court with experienced sales reps that know our products and live the brand. Online-offline convergence could bring the human element back into online shopping.

Independent Retailers Compete Best with Unique Products (independentretailer)

Anybody can find the general merchandise for their daily needs at chain stores, but the products that stand out and add a special touch to the daily routines of life are more likely to be found in independent stores.

 

 

Interview: Occomeia All Natural Beauty Skin Care Goes to the White House

By | Saturday December 31st, 2011 | 01:06 pm | Comments

Company/Designer Name: Occomeia Skin Care/Todd Occomy

Designer Background Summary:

How did you get started? I am a physician by trade and originally formulated an organic skincare line for myself. I was fed up with all of the harmful carcinogens in most products and decided I would create one without these ingredients that would be more effective.

Why did you join Noblivity®? To realize a distribution partner that would give our products exposure in a niche market setting.

What inspires you? Innovation that improves healthcare outcomes

What obstacles did you have to overcome to get to where you are? Just being a newcomer in a field with major players that have millions to dedicate to marketing and sales

How did you overcome the obstacles along the way? Introducing my product to family and friends and letting the word of mouth referrals take over

What has been your greatest moment on your journey so far? Becoming the top selling product (within 3 months of launching) for a national consumer direct cosmetics company. Also having my product chosen by All Natural Beauty to be included in a line of products sent to the White House!

What’s next for your brand? Distribution expansion

If money were no object what would you do right now to promote your brand? Sending out samples and getting feedback…that is how we have and will continue to develop the line.

What are the best and worst things about bringing a product to market? The time commitment that you know you will have to put in to make it a true success

What is your philosophy of life? Stay healthy , fit and Happy! These are truly the only things you have complete control of.

If you could do it all over again, what would you do differently? I would have invented it 10 years ago

When will you know you have made it? When I see it ion every retailers shelves in the world.

 

 

How Does B2B Ecommerce Yield Benefits?

By | Saturday December 31st, 2011 | 11:26 am | Comments

How Does B2B Ecommerce Yield Benefits? (ecommerce)

Enter the world of B2B ecommerce. If you are electronically connected to your suppliers, you can:

• Lower inventories

• Get the best prices

• Reconcile accounts in real time

Marketplaces are intermediaries that attempt to match buyers and sellers. Unlike a handful of large buyers and sellers, most businesses find it easier to transact at marketplaces.

How Social Media Helped Sales for Independent Retailers? (freep)

Using social media such as Twitter and Facebook to drive retail sales was a budding trend this year that is expected to grow exponentially in 2012. It is especially meaningful to independent retailers without large advertising budgets.

Compostable Clothing…Wear it, Plant it then Eat it (smh)

Compostable clothing – items made from plant-based fibres that break down relatively quickly and non-toxically. It is a nascent industry – and not quite all it is cracked up to be – but the day when it is possible to throw old clothes into the compost bin with the potato peelings does seem to be drawing closer.

 

 

 

 

Small Business 2012 Predictions, Video Views Stats, 89MM Shoppers…

By | Thursday December 8th, 2011 | 06:21 pm | Comments

Small Business Saturday Results (thestreet)

An estimated 103 million shoppers visited independently owned businesses on Small Business Saturday, up from the forecast of 89 million shoppers.

Small Business 2012 Tax Considerations (independentretailer)

Small businesses will not only be following new rules and regulations, but also new filing systems.

How To Reach the Video Audience? (emarketer)

Among online video viewers, watching premium content is becoming increasingly popular. eMarketer estimates that 49% of US adult online video viewers watched full-length TV shows on the web at least monthly this year, rising to 62.8% by 2015. Full-length movies are also becoming popular for web viewing, with 37.1% of US adult online video viewers downloading or streaming at least one feature film monthly in 2011. That viewership rate is expected to increase to 54.1% in 2015.

Small Business Marketing Effectiveness (driveyoursuccess)

It’s time to understand inbound marketing vs. outbound marketing and why one has taken over the other in terms of increasing marketing return on investment.

What’s in store for retail in 2012 (stores)

The next 12 months will yield more partnerships — between retailers and vendors and between retailers and their competitors.

 

 

 

Noblivity is Revolutionizing the Direct-to-Boutique Channel

By | Monday November 28th, 2011 | 06:39 pm | Comments
Crain’s Chicago Business writes Noblivity Inc. connects small manufacturers with boutique retailers. The Naperville-based company isn’t limited to fashion, but its network of 250 manufacturers from 50 countries includes enough high-end clothiers, jewelers and shoemakers to make Noblivity a … read more 

Social Media is Changing Small Business, Future Tradeshows Virtual Reality Festivals…

By | Monday November 14th, 2011 | 11:43 am | Comments

How to Move your Brand up the Need-Want Continuum (adage)

How do you move your product from a “want” to a “need”. One thing that’s increasingly a “need”? Connectivity.

What Trade Shows of the Future Might Hold (smallbusinesstech)

Trade shows may thus in the future become something more along the lines of virtual reality festivals in the commercial sector.

Is Your Small Business “all in” with Social Media? (mademansociety)

Social media is changing small business for the better. Customers are embracing social media as a normal part of their lives.

Traditional Media Often Now Lead You to a Digital Experience (democratandchroncle)

So if your audience is shifting where it is spending its time, it makes sense that you have to shift as well to deliver your content.

Layaway Plan Fees vs. Credit Card Fees (foxnews)

The return of layaway plans this holiday shopping season is raising concern that the break from credit cards might actually cost consumers far more.

 

 

 

 

How are Small Businesses Using Social Media, The Influence Pyramid who’s on Top?…

By | Sunday November 13th, 2011 | 12:04 pm | Comments

The Definition of Small Business-Micro (romenews)

In Rome, the micro business group — businesses with fewer than 10 employees, making up 72.8 percent of small businesses in 2009.

Positive Sign in Small Business Lending (oregonlive)

Small-business lending is on the upswing in the Portland area, a positive sign for a city that’s built 95 percent of its business base from small employers.

The Influence Pyramid has be en Inverted (bma)

A few years ago, there were only 50,000 key influencers in the US ( the top newspaper editors), whereas now they can come from any background, via the web.

How to Make Content More Influential (komarketingassociates)

Content 55% more influential when audio or video is embedded.  Using audio, B2B marketers can create authentic customer stories, turn company executives and experts into content creators, optimize their online and offline event strategies and turn text-based information into mobile, on-demand visuals.

Is Social Media for Small Businesses a Time Waster? (techflash)

According to a recent survey from marketing group iContact, one in four small-business owners say they hate social media, claiming it’s untrustworthy or a waste of time.

 

 

 

Small Business Optimism, B2B wants to be More Social, Retail Hiring…

By | Thursday November 10th, 2011 | 07:21 am | Comments

B2B CEO’s Social Media Concerns (warc)

8% of B2B companies are “extensively leveraging” platforms like Twitter and Facebook. B2B marketers saw the primary benefits of social media marketing was in “soft” metrics rather than hard business results such as sales uplift and ROI.

Small Business Landing Pages (komarketingassociates)

93 percent of B2B buyers use search to begin the purchasing process. The landing page is a critical element in any internet marketing campaign.

Small Business Reasons to Hire (reuters)

“Small businesses seem to have the right number of employees,” said Holly Wade, senior policy analyst at the NFIB. They’re breaking even. But until they see a pick-up in consumer spending there’s no reason to hire.

Retailers Optimistic about Holiday Shopping (reuters)

Most retailers have kept their holiday season inventory purchases about the same as last year, as they attempt to anticipate how a high unemployment rate and other economic issues will affect spending.

Online Retail Spending in the U.S. Rose 13 percent (chicagotribune)

The top-performing categories included digital content and subscriptions, event tickets, jewelry and watches, consumer electronics and computer software — with each of the categories increasing at least 15 percent from the year-ago period.

 

 

 

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