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Jump to Resources for the margin calculator. You know the margin has to cover a lot more than you and your employees’ salaries. Everything your business does, all the money it spends, from utilities to credit card processing, comes from that sliver of income. It’s vital to understand exactly what your costs and expenses are …
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Consumer Reports published a survey of how consumers feel about self-checkout. The top complaint of the 62,917 subscribers surveyed was too few open checkout lanes. Nearly 75 percent of respondents liked self-checkout’s ability to save time. We decided to delve into the self-checkout lanes to determine the good and bad. Here’s what you need to know. …
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With a good understanding of your costs, margins, and sales, you can calculate exactly how long you’ll be able to stay in business. More importantly, you can use those figures to make informed decisions so you can survive longer, and get a plan in place for achieving profitability. Defining Profitability First, let’s define profitable. At …
Before Profitability: How Long Until You Run Out of Money Read More »
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A few years back, PayPal reached deals with Visa, Mastercard, and First Data (now Fiserv) that enabled easier payments offline using PayPal. Those agreements came as Apple Pay began ramping up its use in online transactions, PayPal’s bread and butter, so it’s no surprise the company began taking in-store payments more seriously. Let’s take a …
Using a PayPal Account In Store: Cards and the PayPal App Read More »
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This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: National Association of Retail Buyers & Sellers Industry/Specialty: Retail Number of members: Unknown Website: http://www.narbuyers.org/ How does this group work? NARB bills itself as a community of retail professionals who share insights and ideas. Once you join, you get access …
National Association of Retail Buyers and Sellers Review Read More »
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This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: Royal Buying Group Industry/Specialty (if applicable): Independent Convenience Store Retailers Number of members: 6,000+ Website: http://www.royalbuying.com How does this group work? Like most group purchasing organizations, RBG negotiates rebates and discounts on behalf of its members. As a member, your …
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This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: HTSA Industry/Specialty (if applicable): Consumer Electronics Number of members: 65 Website: http://www.htsa.com/ How does this group work? There isn’t any information on HTSA’s website about how members of the buying group make purchases (whether they buy directly from vendors or …
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It doesn’t matter how big or small your business is – if you take business credit cards, you can qualify for better rates. B2B transactions don’t have to cost more. Note: Unfortunately, in October 2017, Visa raised its rates for some commercial transactions and businesses won’t save as much by providing Level 2 or Level …
B2B Transactions: Level 2 and Level 3 Credit Card Processing Read More »
