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Launching a new product can help you refresh relationships with your existing customers and create new ones with potential customers. Here, you’ll learn all about planning retail product launches and how the new product launch process can benefit your team, customers, and overall business.

The most successful vendor-client relationships are a two-way street: Vendors help your small business expand its product offerings, and your business helps the vendor grow.

Without the right combination of financial and strategic resources in place, a poorly thought out expansion can easily stunt a growing business. Follow this guide to understand if your business is ready to open a second location and how to execute a successful expansion plan.

With multichannel selling, you take your business’s products and sell them on more than one platform, expanding your customer base and revenue potential. Learn more about multichannel retailing and ways to seamlessly integrate multichannel marketing into your business.

Being a successful business owner often means being an expert at analyzing key metrics and reacting to them. Important business metrics, otherwise referred to as key performance indicators (KPIs), tell the story of your business through sales, marketing, and inventory data points.

Stockout is when a business runs out of inventory for one or multiple products. When a stockout occurs, a business can’t sell or ship those products to customers. Stockouts’ most obvious negative impact is lost sales, but that’s not all.