How much are you leaving on the table?

Over the years, NextGen has worked with hundreds of owners, some new and some well established. One of the first tasks is the setting of prices.  While most are content with Nextgen’s standard prices,  others are not or at least are not sure.  The principal reason is the presence of nearby competition.  They want to be price-competitive.

In this case, NextGen provides them with a method for systematically sampling items on competitor racks, and displays( in-store and, most recently, online).  Without exception, franchisee or independent, competitor prices are inconsistent relative to current retail.  This traces primarily to the use of a limited number of category-brand price brackets rendering some prices relatively high and some relatively low, and secondarily to the fact that significant properties of the items are ignored, e.g. composition (cashmere, leather, style… ).

Bottom line, it represents “ball park” pricing, and 1) lost sales associated with over-priced items, and 2)  lost revenue loss associated with under-priced items.
How much are you leaving on the table?

What Women’s & Children’s Resale Franchises know that Independents don’t?

One thing they know is that buying outright can be more profitable than consignment as evidenced by the fact that all support the buy-outright model.  Another thing they know is that smart buying is the key to success as evidenced by the fact that all feature automated buying and pricing apps.

NextGen Resale.com was founded as an alternative to the franchises.  The cost of its pricing app is a small fraction of what the Franchises charge, owners aren’t locked into a long-term contract, and it supports consignment as well as buy-outright operations, ,   Having escaped the franchise world after decades of bondage, NextGen is committed to helping owners remain free and independent.

Toward this end, in addition to its pricing apps, Nextgen is offering its complementary Women’s and Children’s Buying Guides for free.