Maintaining the right price to sell your products is an ongoing function in your business. Six tips to help you get your product at the right price. #CdnFoodBiz
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Every transaction is preceded by a service. When customers are satisfied with the service, they are more likely to recommend us, leading to business expansion. We value your feedback, as it helps us ensure your satisfaction with your purchases and the service provided. #customerfeedback #testimonial #foodprocessing #foodpackaging #foodproductsuppliers #foodproduction #bellarishfoodstoeveryhome #bellarishfoodstotheworld
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4 reasons to attend our upcoming webinar, 5 Essential Metrics To Increase Margins & Profits: You’ll discover the key metrics you need to know and track to make the right food and drink wholesale business decisions You’ll find out all the best ways to track & report on those metrics You’ll get to learn from our very own MD Kealan Curran (trust us, he knows his stuff!) It’s free! Here are the details: Where: Remote When: Thursday, 27th June, 2 pm BST Sign up via the link below 👇 https://lnkd.in/gjAsJaBF See you there! #FreeWebinar #BusinessMetrics #FMCGWholesale #BusinessAdvice
5 Essential Metrics to Increase Margins and Profit in 2024 | Gaina Software
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We heard you. And here’s what we’re doing to help. We’ve been speaking to food & drinks wholesalers like you to find out what they find the most challenging about running their business. Overwhelmingly, they said that they’re drowning in data and metrics but have no idea how to use them to actually improve their business. Our upcoming free webinar will cover the key metrics to track to make the right business decisions and optimisations and how to best report on them. 5 Essential Metrics To Increase Margins & Profits Date: Thursday, 27th June Time: 2 pm BST Hope you’re excited as we are! Sign up via the link below 👇 https://lnkd.in/eXUBHkJX #FreeWebinar #BusinessMetrics #FMCGWholesale #BusinessAdvice
5 Essential Metrics to Increase Margins and Profit in 2024 | Gaina Software
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Do you walk into a supermarket and pick the cheapest wine, or drive the most expensive car you can afford? There is something that influences your choices as a consumer and that is what the marketer should focus on while aligning with the organisation's pricing strategy.
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Revolutionary Marketing Strategy Transparent Pricing: The Real Deal! Product: Specialty Coffee Actual Cost: ₹50 Sales Boost: XX% The Question is... Who Benefits? You, the customer, enjoy high-quality coffee at its true value! The business increases sales volume, driving growth! Everyone wins with transparent pricing! Choose honesty, choose value, choose the new way! What do you think about this marketing strategy? Source (s) : Credit to anonymous #Marketing #TransparentPricing #FairDeal #Customers #BusinessSuccess
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Is there such a thing as a perfect supplier? Sure is, and he’s standing right here No, not me!... The other guy Let me introduce you: Mitu – meet my LinkedIn tribe LinkedIn tribe – meet Mitu Mitu runs Strawberry Hill Exotic Fruiterers, Shepherd’s Bush Market, London Now, I might appear bigger in this photo But Mitu is the real giant in this story Yesterday I dropped by to select some of his amazing produce As it always does, the visit made my heart sing and dance! You see Strawberry Hill is my benchmark for the perfect supplier: 1) Relationship – always friendly with a beaming smile 2) Quality – 10/10 Perfect 3) Supply – fully stocked 4) Innovation – an extraordinary range, with seasonal specials 5) Price – makes supermarkets seem like a rip off The only thing I could question is that some items will be airfreighted (but so were the flowers we bought our loved ones for Valentines Day) Alright cynics Hit me with the objections… “Fruit is simple compared to what our suppliers do” Mmm - ~300 SKUs of perishable goods all managed by Mitu and his bro, probably with limited business training, and using their own financing Our suppliers might have more complex products and services, but they’re often backed by armies of people and big-bucks financing They should be able to get it right Try again! Objection 2: “I don’t buy fruit & veg for a living” Maybe not, but we’re all in our respective markets, almost every day And no matter what we’re sourcing we should expect the same from our suppliers How often do we get it though? Surprisingly – I’ve had it this week at work too I’ve been assessing contract management software providers So far, they’ve all been the equivalent of Strawberry Hill But too often I’m left wanting on at least one criteria, often more So what to do when we have a supplier below par? I make it tangible By asking the supplier to describe to me their favourite shop in the world …maybe it’s a clothes store, bakery, or bike shop I ask them why they like it Then I ask them to compare their favourite shop vs their own business At which point there’s often silence As they then see the disparity The big corporate machine can sometimes distort the reality of what reality matters Suppliers get lost in a fug Help them assess their performance against something they can relate to And if they still can’t see it, send them to Strawberry Hill* Frost Procurement Adventurer *PS – They’re just 5 mins from Westfield. You should go too for: kaffir lime, guava, yams, finger bananas, papaya… #procurement
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Thoughts I'm trying to reconcile while thinking through what offers we should run for email or for subscribers at Brez: For context - we are a low sku brand that does between $1mm a month and $2mm a month that drives between - We are so new that we actually don't know what our floor or ceiling is. We could be selling many more cans either higher or lower our current cost. I've heard a lot of people talking about testing with intelligems or doing specific hold out tests. But before we even get there I have some major thoughts to run through below: We are a higher priced product: - we leverage different science to emulsify our ingredients - we have an incredibly high standard for the ingredients we put in our drink - our MOQ's are still growing / rates aren't perfect for us just yet If we test too low of a price point on our highest take rate lower quantity product do we risk hurting our ability in creating a path to upgrading shipments or upgrading to a larger size product? I wonder if anyone else has worked through these for their beverage or for a consumable subscription based product? #ecommerce #subscription #ecom
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With Wine Decider Pro, you gain access to a wealth of market intelligence, enabling you to identify emerging trends, capitalize on untapped niches, and seize opportunities.
Uncover hidden opportunities in the wine market with Wine Decider Pro! As the wine industry continues to evolve, staying ahead of the competition requires more than just intuition – it requires actionable insights derived from data. With Wine Decider Pro, you gain access to a wealth of market intelligence, enabling you to identify emerging trends, capitalize on untapped niches, and seize opportunities. Whether you're a seasoned wine professional or a newcomer to the industry, Wine Decider Pro equips you with the tools and knowledge you need to succeed in today's dynamic marketplace. For more information: https://lnkd.in/dZuDf5rZ
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Value offer deals are essential strategy in the price sensitive market
What we learned about ‘value’ from McDonald’s rare sales decline
nrn.com
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Great to be back on your feed! In last few days, I made an income statement sheet of a coffee shop which is of 6 years. This Cafe offers you Latte, Cappuccino, Americano, Mocha, Iced Coffee, Chai Tea Latte, Irish Coffee, Espresso,Frappuccino and other foods. This income statement includes Revenue, Gross profit, Operating Margin, Net income, Salaries etc. it tells you that this shop started with a better profit (net income), then there is a sudden drop in next year with 0 profit and in year 2022 it marked good profit. These reports tell us how sales, cost, salaries etc are affecting the profit of shop. The benefit of this statement is that by regularly analyzing data, you can make informed decisions, optimize your business operations, and ensure the long-term success of your shop.
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