Filtered by tag: Smart Merchants Remove Filter

Search for the Best!

Search for the Best!

by Danny Summers

New Plants and New Products create excitement. The combination of anticipation, expectations, and optimism drives the powerful will to explore. Just ask Indiana Jones – although he wasn't searching for what's new.

The interest in what's new is certainly true in our industry and two weeks from now, many of us will be at Cultivate'22 in Columbus, Ohio. While its roots have been in floriculture production, today Cultivate includes all segments of the industry and covers all five of what I call our standard greengoods categories: Annuals, Herbs/Veggies, Perennials, Shrubs and Trees – and even a few Tropicals.

Read More

Mitigating Buyer’s Remorse

Mitigating Buyer’s Remorse

by Sid Raisch

(You don’t have time to NOT read this right now because you have customers deciding whether you’re too expensive, or they spent too much in your store and if they’ll never be back.)

What is “buyer’s remorse”? In a word, buyer’s remorse is regret. There are two main sources of buyer’s remorse. One is a cognitive dissonance, where the investment in the purchase consumes the financial resource that could have alternatively been invested in something else of near equal desire. Another is a fear that the purchased item or service isn’t worth the amount it cost. There is some lag time between the customers decision to purchase and the questioning of that decision and in that gap of time is precisely where an appropriate and intelligent effort to counteract the emotion is necessary.

Read More

Mitigating Sticker Shock

Mitigating Sticker Shock

By Sid Raisch

“Oh, I didn’t think it was going to be THAT much!”

(You don’t have time to NOT read this right now because you have customers thinking, if not saying that very thing in your store.)

Read More

Mitigating Inflation

Mitigating Inflation

by Sid Raisch

Let’s get right to the point. Inflation is emerging as a crisis just in time for our peak of spring business.

I’m hearing talk of Group clients who are thinking of lowering their margin expectations by passing along only their cost increases in some price increases, especially on higher cost items, but also on lower price high volume items. This notion is primarily in fear that customers will not have as much disposable income to pay so much more.  This thinking is based on what I believe to be incomplete if not faulty logic. Before it goes further it is important to carefully consider all sides of the sentiment.

Read More