The legal dry herb market is forecasted to top $6 billion in 2016, and the growth potential of this new industry is expected to be very high for years to come as more states move to legalize the herbs both medically and recreationally. Obviously this is a very attractive industry to enter, but the introductory costs for starting farms and dispensaries are prohibitively expensive.
The good news for budding entrepreneurs is that with the growth of marijuana sales, many ancillary products and services will also see significant sales increases. There’s a common maxim taught to wanna-be business owners that goes like this: “You can mine for gold or you can sell pickaxes.” This saying alludes to the fact that some of the most successful businesses are built around offering tools or supplies for bigger industries.
Continue reading Vaporizers: The Pickaxe of the Medical Marijuana Market
We get asked quite a bit about products that sell well, usually by a supplier who wants to diversify their current inventory. If you haven’t considered Stun Guns you might be missing out on a great opportunity.
We live in a dangerous world, our loved ones cannot always be near us for protection. There […]
Reasons to Attend
No matter how small your retail business may be, the benefits of attending a trade show sponsored by vendors or industry associations far outweigh any reason not to attend. These conferences have been developed in order to give retail owners, buyers and managers the opportunity to meet existing suppliers, conduct business meetings, network with others in retail and investigate new products.
If you’re currently struggling to operate your business with few to no employees, chances are you may feel like you don’t have the time to attend a trade show. Consider hiring temporary help, asking family to assist or simply plan to close shop for a day in order to attend the trade show.
Once you’ve decided to attend the trade show, you’ll need to plan ahead. To get the most from attending a trade show, you should have a strategy. Knowing what you would like to accomplish before, during, and after the show will help maximize your time. Here are some trade show planning tips:
- Avoid the confusion at the show by pre-registering.
- Have a goal of what you want to accomplish, such as which vendors to visit, what items you need to purchase, what seminars to attend and which new product lines you’d like to see.
- Know your inventory needs before the show. More efficient purchasing will save you money by grouping your orders to take advantage of discounts and special offers, as well as keeping you within budget.
- Set appointments with any vendor you’d like to meet with during the show.
- Plan to bring any employees who would greatly benefit from attending the trade show. Continue reading Maximize Your Trade Show Time
We welcome you to be part of the CHAMPS East this May 24th-26st at the Atlantic City Convention Center. CHAMPS East provides an exceptional environment for retailer and distributor to meet manufacturer and wholesaler. The East Coast is a home to an array of cultures, the cities of skyscrapers. Shops on the […]
November 28th is Small Business Saturday.
Small Business Saturday is an American shopping holiday held on the Saturday after US Thanksgiving during one of the busiest shopping periods of the year.
First observed on November 27, 2010, it is a counterpart to Black Friday and Cyber Monday, which feature big box retail and […]
Jacobs Trading Company is located in Hopkins Minnesota, for over 40 years they have successfully solved excess inventory and customer returns challenges for American manufacturers and retailers. As a marketplace of Liquidity Services (NASDAQ: LQDT), JTC leverages a network of sales channels that serve 7 of the top 10 retailers in the world.