The Resilient Retail Game Plan Episode 82

Pricing And Profitability In The Era Of Rising Costs

Podcast show notes

Pricing And Profitability In The Era Of Rising Costs

If you’re not already feeling the pinch yourself, you’re no doubt aware from the news that the cost of living is increasing across the board. From household energy through to groceries, as well as the seemingly exponential rise of fuel costs, the hike in national insurance contributions and the shift in variable-rate mortgages it’s no wonder that people are looking more closely at their outgoings and are managing their costs more carefully.

Outside the household, this is of course impacting businesses and retail too. Freight, materials, packaging and duty costs are all subject to these financial shifts, and it can be tough to prepare for and mitigate the effects of increased prices on your profit margins.

In episode 82 of The Resilient Retail Game Plan, I want to help you engage with the numbers in your business to help you to avoid sleepwalking into having your bottom line eroded by increasing costs.

In this podcast, we’ll look at the difference between your in-margin and your out-margin and talk about the profit parameters you’ll want to aim for depending on your type of business model. We’ll also cover numerous tactics for managing price increases, from ‘shrink-flation’ to bundling together low-margin products, as well as why it’s always important to consider where your customers are at right now.

Use the code: 10podcast to get £10 off your first month when joining The Resilient Retail Club.

Interested in being a guest or sponsor of The Resilient Retail Game Plan?

Drop us an email to let us know why you think you’d be a great fit for our audience of small businesses and independent retail brands

Get more on the mailing list

Heaps of small business retail advice for your inbox

Sign up the The Resilient Retail Club mailing list for totally free advice and business help, the occasional digital download, updates from our podcast and promotions for indie retail brands

More from The Resilient Retail Game Plan

Dive into another episode of our small business podcast

Episode 175

Negotiation Strategies and Techniques for Retail Business with Simon Duncan

Episode 174

Scaling Your E-commerce Business with Yoni Kozminski

Finding Value Beyond Business with Toks Aruoture
Episode 173

Finding Value Beyond Business with Toks Aruoture

From Fast To Slow Fashion With Emma & Leanne Duncan
Episode 172

From Fast To Slow Fashion With Emma & Leanne Duncan

Your Business And Black Friday
Episode 171

Your Business And Black Friday

TikTok With Penny Walker
Episode 170

All Things TikTok With Penny Walker

News you can use

Join The Resilient Retail Club mailing list to receive The Weekly Sales Review, jam-packed full of useful information, events and expert advice for indie retailers, online sellers, Ecommerce brands and independent small businesses