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Make Your Branded Products Stand Out

April 23, 2016 by Sherry Tingley

Shoppers today are visually driven.
Shoppers today are visually driven.
How can you make your unique brand stand out against the competition in the retail space?

Little Things Could Make A Big Difference

For instance, you can now obtain specially designed stamps and customized logo designs created especially for small businesses and it is not expensive. The end point should always point to a clear and cohesive brand. It should be so unique that the customer may forget the name, but remember the pleasure of the purchase.

Some hints for effective branding and creative business, both online and offline:

Develop Your Online Assets

Begin with analyzing what makes your product unique. Then try to make that special quality obvious through branding, through the use of color and imagery, a logo or any other means that will imprint on the mind of the customer.

Perfect Your Product Labels

Shoppers today are very visually driven. Products that are attractive to buy and that remain attractive when they are displayed in the home are what customers want. Customize labels, boxes and containers to reflect the message you want to send. The packaging is the culmination of the effort you are making to positively identify your product. Labels, stickers and hangtags are handy for specific details. If you are looking at wholesale transactions, remember that a crush-proof exterior is essential.

Hone Marketing Materials

Business cards and supplemental marketing materials are part of the marketing and branding process. Thank-you cards and postcards are ways to extend the relationship between you as the seller and your customer, human touches that invite a return visit. Handwritten notes work, if feasible.

Generate Or Take Advantage Of In-person Events

Find a way to display your products at small events.
Core marketing materials don’t need to change, but if you are displaying your products in a booth, make the signage consistent with what has worked for you before. Your established colors, logo and brand imagery should stay the same. When packaging goods for in-person shoppers, try to make bags as attractive as possible, so they can advertise for you as they continue browsing. Include a business card and care instructions for use of the product if necessary.

Limit Expenses

Don’t forget to include packaging and promotion when considering what your product costs. Make what you can and look for economical and expedient options for what you must purchase. Research companies that make the products you need and try to cultivate a good working relationship with the one that works for you. Don’t overstock. Get quotes on different sized orders. Some companies will require minimums, but there is lots of competition among those who provide packaging and you may be able to bargain.

Filed Under: Brands, Internet, Resources Tagged With: Branding, brands

Small Business Vs Big Retailers

April 22, 2016 by Sherry Tingley

Small retailers are faced with many problems trying to be competitive.
Small retailers are faced with many problems trying to be competitive.
The total share retail sales generated by ecommerce continues to grow, but experts are advising that five current marketing trends may challenge small ecommerce operations. They include:

Competition In Pricing And Shipping

Dozens and even hundreds of sellers list identical products on marketplaces. Nothing but price differentiates them. That may hurt smaller retailers that don’t have the buying power of the larger outlets. And when the larger competitors offer free shipping, the incentives for shoppers tilt again in their favor. The trend is expected to grow this year. The biggies such as Amazon and Walmart have shipping facilities dotted around the country that allow them to ship from the facility nearest to the customer. As many as 60 percent or orders can be handled in the metropolitan area where the customer lives. That may mean the buyer will pay less and receive the goods faster. Small retailers would do well to look for unique or private labels to sell, decreasing their competition with the larger retailers.

Competing With Manufacturers

The classic model in retail is for the store to buy products wholesale from manufacturers or distributors and then resell at a higher price. That may put the small online business in competition with its own suppliers. The easy entry for ecommerce into the market has encouraged many manufacturers to combine wholesale sales to ecommerce outlets with direct sales to customers. Again, the answer for the smaller competitors is to find private label products.

Social Media

Increasingly a tool for marketers, it hasn’t lived up to the expectations. This year may see a change as social becomes more compelling as an alternative to searching. Facebook and Pinterest, in particular, are among the best sources for ecommerce traffic. There are indications that shoppers are more frequently using these platforms to look for wanted items. Small retailers find it a mixed blessing. More exposure vs. the need to manage another selling channel. The advice is to watch developments and if social emerges as a significant ecommerce channel, learn quickly how to compete in t he market and to manage it.

Consumer Loyalty

Hard to win and easy to lose, loyalty is worth the effort, but may also be a challenge for smaller retailers. With fewer resources to put into the game than do the big sellers, that makes it very important to cultivate a good relationship with every customer. It is easier to double the effort to win a loyal customer than to try to regain the relationship when a competitor offers something more.

Creating Content

Content marketing is becoming more important both to win new business and keep loyal customers engaged. Marketers are becoming expert at creating how-to videos, trendy articles and posts that keep the buyer interested. Again, the big retailers may have entire teams to handle this aspect of their business, but even the smallest online store can learn to produce attractive content to keep customers coming. You know your clientele best. Find ways to keep them interested.

Filed Under: Business Strategies, Internet, Shipping, Sourcing Tagged With: marketing, Shipping Packages, social media

Looking For Goods, Services? Yelp Can Help

August 7, 2014 by Sherry Tingley

why-use-yelpMore and more people are turning to Yelp for help when they are looking for inside reviews on such things as restaurants, products and services. At the end of March this year, the website and mobile application reported an average of 132 million monthly visitors in 120 markets worldwide.

What does that mean to you as a business person? It means you might be passing up an opportunity to get your message before millions of people with potential interest in what you do. Nielsen statistics, for instance, say that 82 percent of those who went to the site for assistance in choosing a provider reported they intended to make a purchase. The same survey indicated that 89 percent of the Yelp users made a purchase within a week.

The misperception that Yelp is only a restaurant review tool is yielding to its true role in connecting local businesses with potential customers. Shopping reviews, with comments by those who have actually dealt with the relevant business, account for 23 percent of the Yelp business.

Say, for instance, that wrapping personal packages or the goods you sell is your objective. Yelp can provide all the pertinent data re: a local outlet that does wonders with the latest in decorative wraps, complete with ribbons, bows and assorted touch-ups. The same is true of a huge variety of businesses.

Does it make a difference? A recent study by Boston Consulting Group showed that businesses that used Yelp’s free services increased annual revenues by an average of $8,000. Those that added advertising to the package upped annual revenues by more than $23,000 on average.

You can create a free business owner’s account by visiting biz.yelp.com.

Yelp’s value is in enhancing that all-important first impression that snags customers and keeps them coming back. An attractive business page, particularly a page that catches the eye with colorful photos, can have a huge impact when it appears in a resource that has already proved it has high visibility. The data confirm that Yelp users spend 2.5 times more time perusing listings that have photos than those that do not.

Activity Feed is one of the useful tools Yelp offers. It creates graphs of user views and customer leads and lets you know when a customer has contacted your business, mapped out directions to your location or clicked through to your website. When a customer prompted by Yelp calls you, it will appear in the feed, including the exact time when the call was made.

Activity Feed also provides information regarding your business’ average revenue per customer. The average spend per customer also leads you toward more accurate financial readings.

In response to those who complain that most of the customer comments generated by Yelp are negative, the service notes that some 79 percent of the comments actually fall into the category of three stars or higher (on a five-star scale.) You also have the opportunity to respond to reviews to build customer goodwill. A thank-you to those who make positive comments may encourage them to keep coming back.

Who visits Yelp? Almost 80 percent are in the age groups 18-54, essentially the buying years. Some 56.6 percent are college graduates and another 15.3 percent hold advanced higher education degrees, according to figures compiled by reliable statistical agencies.

Filed Under: Business Strategies, Internet Tagged With: Yelp

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About BowsNBags.com

The BowsNBags blog presents retail store owners with resources that will be helpful to them in growing their businesses. From suggesting conferences to attend to finding the best sources for their products, we cover a wide range of simple, helpful tips and suggestions for your retail store operations. On our store front at BowsNBags, we provide our customers with all the supplies they will need to wrap packages for customers, to provide shopping bags for customer and to provide retail gift … Read More

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