Reply To: Sales Planning Spreadsheet

Homepage Forums Sprint To Profit Discussion Sales Planning Spreadsheet Reply To: Sales Planning Spreadsheet

Amanda Tucker
Amanda Tucker
Keymaster

Hi Billy

I can absolutely answer your question live today but to offer some written context too – here are some summary points for us to discuss  later:

To minimize risk with any retail business:

– Ensure you have a range of products vs all eggs in one basket.

– Avoid a range of products that are just variations of the same thing, because this will not expand your business and only dilute it and again, put all eggs in one basket.

– Research, watch and track your competition – conduct solid research on products and categories (use the PAB).  Try and replace decisions based on emotions with data. Research what your customers like/dislike about products (product reviews).   And before, during, and after you launch, constantly,  track your metrics, and never ‘set and forget’.  Being agile in any retail market is important.

– As for the Travel industry – I don’t think that is your niche, so you need not worry about a category that is unrelated to your brand.

 

Let’s catch up later today so that I can understand and help you with any other underlying concerns or question marks you might have.

Loading...