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Global Home Textile Market Innovation to Boost Growth

Technavio has published a new market research report on the global home textile retail market from 2018-2022. (Graphic: Business Wire)

A key factor driving the market’s growth is the innovation and portfolio extension leading to premiumization. In the global home textile retail market, the home textile products with innovative features, utility, and designs are relatively high-priced than other types of regular home textile products. The superior-quality, comfortable, and innovative home textiles are in high demand among the customers around the world.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the distribution channel expansion strategy by vendors as one of the key emerging trends in the global home textile retail market:

Global home textile retail market: Distribution channel expansion strategy by vendors

The vendors in the global home textile retail market are adopting different strategies to broaden their customer base. One of the popular strategies adopted by vendors nowadays is the distribution channel expansion. The omni-channel strategy is trending these days among the home textile manufacturers as they are entering the retail space to gain more customer base and improve brand recognition.

This market research report segments the global home textile retail market into the following products (bed linen, bedspreads, and other bedroom textiles, bath linen, carpets and rugs, upholstery, and kitchen linen) and key regions (the Americas, APAC, and EMEA).

The bed linen, bedspreads, and other bedroom textiles segment held the largest market share in 2017, accounting for more than 40% of the market. This product segment is expected to dominate the global market throughout the forecast period.

Link: Textile B2B Market

EMEA held the highest share of the global home textile retail market in 2017, accounting for a market share of approximately 38%. The market share occupied by this region is anticipated to decrease to some extent by 2022. However, this region will dominate the global market throughout the forecast period.

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Why Inventory Management So Important

Holding inventory ties up a lot of cash. That’s why good inventory management is crucial for growing a company. Just like cash flow, it can make or break your business.

Inventory Management Saves You Money

Good inventory management saves you money in a few critical ways:

Avoid Spoilage

If you’re selling a product that has an expiry date (like food or makeup), there’s a very real chance it will go bad if you don’t sell it in time. Solid inventory management helps you avoid unnecessary spoilage.

Avoid Dead Stock

Dead stock is stock that can no longer be sold, but not necessarily because it expired. It could have gone out of season, out of style, or otherwise become irrelevant. By managing your inventory better, you can avoid dead stock.

Save on Storage Costs

Warehousing is often a variable cost, meaning it fluctuates based on how much product you’re storing. When you store too much product at once or end up with a product that’s difficult to sell, your storage costs will go up. Avoiding this will save you money.

A lot of inventory errors can happen at receiving if your inventory management personnel don’t have enough space to work. Avoid giving them a small office at the end of the room. Eliminating receiving errors will relieve you from all kinds of ugly issues later in the selling cycle, like losing time, money, and credibility.

Stock management devices such as bar-code scanners and stock management software can help drastically improve your efficiency and productivity. These tools will help eliminate manual processes so your employees can focus on other, more important areas of the business.

By effectively managing your inventory, you can ensure that you have the right products in the right quantity and avoid products being sold out or funds being tied up in excess stock. Be sure that your perishable products are sold in time to avoid spoilage and prevent your business spending too much money on stock that’s taking up space in a warehouse or stockroom. So how do you avoid the traps of having too much or too little inventory? With inventory management software, of course.

Good inventory management software should:

Reduce costs, improve cash flow and boost your business’s bottom line
Track your inventory in real time
Help you forecast demand
Prevent product and production shortages
Prevent excess stock and too many raw materials
Allow for easy inventory analysis on any device
Be accessible right from your retail point-of-sale (POS) system
Optimise warehouse organisation and precious employee time
Offer quick and painless bar code scanning to speed up intake
Allow for multi location management, tracking inventory across several locations or warehouses

Inventory management is the part of supply chain management that aims to always have the right products in the right quantity for sale, at the right time. In doing this effectively, businesses reduce the costs of carrying excess inventory while maximizing sales. Good inventory management can help you track your inventory in real time to streamline this process.

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How Tax Holiday Can Help Your Business

Sales tax holidays are especially common. Typically, they involve suspending the collection of sales tax on a particular day of the year in order to encourage consumers to buy certain items and help local businesses.

For example, many cities have a tax holiday during the back-to-school season in order to encourage people to shop and to help parents pay less for school supplies.

Tax holidays can take many forms, though. Governments sometimes create tax holidays for new businesses. Developing countries might create tax holidays for foreign companies that relocate to the host country. The overarching idea is to lower the cost of doing business in an effort to encourage economic activity.
Why it Matters:

The facts are that internet sales—the majority of which continue to be tax-free—have enjoyed double digit sales growth virtually every year out of the last 15. At the same time, sales at our local stores have been essentially flat after inflation. This is why those who want more taxes to spend have lamented limited sales tax revenue growth. The truth is that the sales tax is virtually 100% avoidable.

Sales tax holidays are supposed to boost business and relieve shoppers, but they are underpublicized, damningly complex and easily manipulated.

Although taxing authorities lose out on tax revenue during a tax holiday, many economists believe that tax holidays actually increase tax revenue over the long term because they help businesses stay in business or grow. Over time, this creates more taxable revenue for the taxing authority and even more tax revenue in the form of payroll and other taxes if those businesses retain or hire employees

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Make Money on eBay by Selling Public Domain Products

Make Money on eBay – Selling Public Domain Products

One of the easiest ways to make money on eBay is selling public domain information. The great thing about selling public products on eBay is that they have a huge market of buyers regularly searching eBay for anything old and rare.

You can also package these products in different formats, for instance if you find an old fishing book you can make it completely new and fresh by adding pictures, more text etc.

You can read the book into a microphone and hey presto you’ve got a great new audio product to burn to a cd and sell over and over again. There’s a great perception of wealth attached to audio products, you could make a fortune if you created four or five audio products and constantly listed them on eBay.

You can also take a great old picture, screen print it on a t shirt or place it on a mouse mat.

One guy I know prints old sports pictures on tea and coffee mugs and sells them for huge profits.

You can sell old books as ebooks burned onto cd’s, you can turn the book into an audio product or even a dvd.

The only problem with making money from public domain works is how to find real quality public domain websites.

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eBay Selling Tips – Products

Tip 1: What sells best.

Many people really want to sell the latest products and enjoy the benefits of this. The truth is there is so much competition out there that there are actually many eBay Power Sellers that are not making any money in there field because the margins are just too small because of the competition.

In my experience and the experience of many others the recommendation to make money is to sell used items and or specialized items from a niche. The principle behind this is the fact that there are probably going to be less people selling your exact product and you will have a better potential selling it, if it is a product that is in demand.

There are some great Wholesale search engines out there but beware there are many scams out there to always check out references and do your research.

GoWholesale is a great place to start.

I have also seen people really do well with consumables like printer ink or cosmetics; this is because you will always have the chance to build up a regular list of customers that will repeat order from you.

Tip 2: Look to see what is actually selling.

If you search listings in eBay you can see what is being sold on eBay and what is being listed.

This will give you a really great understanding on what is good to sell and what is really not so good. Research is always going to help you to know what you want to sell and where you want to be putting your efforts.

Tip 3: Decide what area you want to specialize in and master it, be the expert that people will come back too.

This is actually one of the most important decisions you will make as an eBay seller. If you want to be successful you need to find your own niche market and work to dominate it.

It does not have to be something you are interested in but it certainly helps because the more you know about your subject the more you will be ahead of any competition.

People are far more likely to buy from you if they see you are a specialist in your market and you will be seen as an expert in your field and start to build a reputation which is going to be good for repeat business.

Tip 4: Finding Liquidation product.

It can be really hard to find these really great items like quality clothes, household goods, toys and sports equipment through wholesalers but you can buy these items through Liquidations and surplus traders. Liquidation is a big player and you can find some great items here. However I would caution you to do your homework on shipping costs and what the items are actually worth before you buy to resell.

Tip 5: Try something new.

It is good to try new items. I love to try new things however start slow and small. Don’t go out and buy a truckload of a new item before you have tried and tested.

Remember this works in reverse as well, don’t be afraid to stop selling something that is not selling so well. Things change and you should be willing to change too if you need to.

You could also try using different ways to sell for example with a different type of headline.

Tip 6: Sell for a friend or otherwise?

Although many people are online, there are still thousands of people who are not. There are even more that really can’t be bothered to sell their stuff on eBay themselves.

Offering a service for others to just drop stuff off and pick up a check is a great way to build a business and also a great way to become really efficient at selling and listing items for profit. A good rule of thumb is 35% on items less than 50 dollars and as items get more valuable drop the commissions down in a sliding scale.

Tip 7: Research your chosen niche properly.

It is so important to research your niche properly. The different niche areas is

are enormous but you need to know you can get the product and sell it for a profit. There is no point of deciding that you will be selling very rare stamps if you can’t get a good supply of stamps at a price that you know you can make a profit from. All I am saying is research properly.

Finding product is the hardest thing in the eBay business and you must not be disheartened if it seems hard. As I have said before Get educated and read all you can to stay in the loop.

Chris Bamber has put together a complimentary report on the eBay Business that will help you over your problems making profit from eBay easily, and quickly.

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How to Make Money by Selling on Ebay

eBay is a great place to buy things for my family at great prices. I buy home school books, clothes for myself, clothes for my kids, things for the baby, household products…you name it and you can probably find it in an eBay auction! Many people shops for software and computer hardware and electronics on eBay before looking anywhere else.

Ebay selling is very easy and is free! My recommendation is to begin by making several purchases on eBay. It is much easier to get your feet wet by buying than it is for selling. People are more likely to buy from you if you have some feedback from other auctions. You get feedback by having a good transaction with another eBay seller.

Finding Items to Sell on eBay

If you’re like most people, you started your eBay selling career selling used items such as clothing, books and DVDs. But, what do you do once you’ve sold everything from your closets, attic and garage? There are actually many different places to find merchandise to sell on eBay. Many eBay sellers buy items from thrift stores and garage sales and resell on eBay for a profit.

Wholesale vs. Drop Shipping

Buying products low at wholesale prices and reselling on eBay for a profit is a way many people make their eBay fortunes. Another way is by using a drop shipper. Dropshipping allows you to sell products for which you’ve not purchased ahead of time, and for which you don’t have to ship. They’re both great methods.

eBay Auction Tools

If you’re serious about your eBay business supporting you, then you have to consider using some serious eBay auction tools. There are tools out there, some free, some fee-based, which allow you to research which products you should be selling, as well as tools which help you find those products.

Another best way to start selling on eBay is to actually start selling on eBay. Yes, there are some things to learn, but take your time, look at the eBay help files (and these tips) and just start selling. You will make some mistakes—we all do. But don’t get frustrated or give up. You will get better with experience.

Also, selling will make you a better buyer. You will understand things from the seller’s point of view and learn other ways to spot bargains.