Beat the Slump in Retail
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Yesterday, I mentioned about the slump in retail. Consumer spending is low, besides all the poor economic news, there is the sky-high prices of commodities, what else is there left to spend on retail at the end of each month? Daily staples take a priority to material needs now.
At this time, if you are in retail, breaking out of tradition and offering a unique experience to customers is the way to go. Conducting more research to find out the popular products and what your competitors are doing are also important. As part of your research, I believe joining online communities is an excellent idea.
Just as an example, over at Style Hive, you can find a community of fashion lovers. Style Hive is not regarded as the worlds’ largest social shopping community for nothing - you can join their interesting forum discussions, get to follow cool people and plug into the latest global shopping trends. You know which items are the hottest finds by the number of hives (saves).
In this page, you can snoop in on the latest handbag craze. It indicates all the hot handbags found, “hived”, and tagged “handbag” by all the shopping fanatics within the Stylehive community. A list of the most popular handbags over the last month is also available.
For active contributers, start building your own community today by bookmarking and adding your favorite items to your wishlist. Alternatively, send, blog or comment on the items to let other members know what you think.
If you are knowledgeable about fashion, or more specifically handbags, your contributions will be appreciated and I am sure you will have a strong group of following in no time… last I check, some of the popular members have more than 5000 followers. When it comes to social networks, always remember that the more effort you put in, the more you will receive at the end of the day.
