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Retailers Forum Magazine July 2023 EMAG

Monthly magazine for independent retailers, retail store owners and online stores. Every issue features interesting articles on how to start or expand your business along with news of the retail industry. In every issue we have ads from the country's leading wholesale merchandise sources where you can buy from to stock up your store or order goods to sell online. Visit our full site with 1000's of free articles and specials - all free at www.RetailersForum.com

Monthly magazine for independent retailers, retail store owners and online stores. Every issue features interesting articles on how to start or expand your business along with news of the retail industry. In every issue we have ads from the country's leading wholesale merchandise sources where you can buy from to stock up your store or order goods to sell online. Visit our full site with 1000's of free articles and specials - all free at www.RetailersForum.com

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etailers<br />

VOL. 43 NO. 03<br />

JULY <strong>2023</strong><br />

Connecting Wholesalers and <strong>Retailers</strong> Since Since 1981 1981


Want More Info? Circle #07 on page 11 • www.Vendor411.com<br />

Page 2 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


ENTICE Your CUSTOMERS with a<br />

COMPLETE Bedroom Solution<br />

NEW with COOLING Technology<br />

PILLOWS - 25% of body weight is on the pillow,<br />

getting the right pillow<br />

with a new mattress will improve sleep<br />

SHEETS - 73% of customers<br />

that purchase a new mattress<br />

will buy a new sheet set within<br />

the next 3 days, give them all<br />

they need!<br />

CARRYING A QUALITY BEDDING<br />

LINE IN YOUR STORE WILL:<br />

• Increase sales<br />

• Finalize more deals<br />

• Increase foot traffic<br />

• Increase customer base<br />

• Get more happy customers<br />

FULL LINE OF COMFORTERS<br />

MATTRESS<br />

PROTECTOR<br />

You wouldn't sell a car<br />

without insurance. Don't sell<br />

a mattress without a<br />

mattress protector<br />

Want More Info? Circle #21 on page 11 • www.Vendor411.com<br />

Call for your FREE Clara Clark catalog today!<br />

845.738.4832 845.533.4590<br />

www.claraclark.com<br />

cs@sanderscollection.com<br />

RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 3


GROW YOUR SILVER JEWELRY BUSINESS<br />

by Leveraging The Manufacturing Capabilities of Guang Dong China<br />

Fashion Geometry Round 925<br />

Sterling Silver Hoop Earrings<br />

$ 11.31<br />

Casual Leaves 925 Sterling<br />

Silver Studs Earrings<br />

$ 1.72<br />

WHY CHOOSE US<br />

1. We are the #1 silver jewelry wholesale<br />

supplier from China.<br />

2. We sell only jewelry in solid 925 sterling silver,<br />

with or without gold/rhodium plating.<br />

3. You are purchasing from the source. Our<br />

clients are not only retail stores but also<br />

distributors and manufacturers.<br />

4. Start from Panyu Guangzhou, 1994, more than<br />

25 years’ silver jewelry supply/manufacture/<br />

wholesale experience.<br />

5. 100 new arrivals every week.<br />

6. 100% Satisfaction Guaranteed: 60 days no<br />

questions asked returns.<br />

Party Blue CZ Stars Twisted<br />

Sterling Silver Studs Earrings<br />

$2.54<br />

Dark Blue Flower CZ 925 Silver<br />

Enamel Pendant<br />

$10.53<br />

Fashion White CZ<br />

Twinkle Star 925<br />

Sterling Silver Studs<br />

Earrings<br />

$8.54<br />

Chinese Style Blue<br />

Cloisonne Enamel<br />

Flower 925 Silver<br />

Earrings<br />

$3.90<br />

Simple Starfish<br />

Five Stars 925<br />

Sterling Silver<br />

Necklace<br />

$5.60<br />

Fashion Blue<br />

Epoxy Stars<br />

925 Silver<br />

Wide Ring<br />

$7.03<br />

Simple Hollow Engraving<br />

Flower Heart 925 Sterling<br />

Silver Flower<br />

Adjustable Ring<br />

$2.99<br />

Fashion Nable Simple<br />

Adjustable Clouds<br />

925 Sterling Silver<br />

Ring<br />

$5.03<br />

Real Natural Blue<br />

Lapis Lazuili Heart<br />

Gift 925 Sterling<br />

Silver Ring<br />

$10.90<br />

Vintage Infinity<br />

925 Sterling<br />

Silver Love CZ<br />

Ring<br />

$6.65<br />

WE SHIP WORLDWIDE ~ ALL CREDIT CARDS ACCEPTED ~ DROPSHIPPING AVAILABLE ~ NO MINIMUMS<br />

www.BUNDJEWELRY.<br />

EWELRY.com<br />

Page 4 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


WHOLESALE<br />

Costume Club<br />

• Disposables<br />

• Atomizers<br />

H2 E-Cig Round<br />

Mouth Atomizer<br />

$1.85<br />

• Kits<br />

• E-Cig Ba teries<br />

5mL Bo tle<br />

Liquid E-Juice<br />

for E-Cig $1.30<br />

E-Case w/2<br />

Cigare tes + 1 USB<br />

Charger $10.50<br />

1 0’S IN STOCK<br />

All Occassions<br />

Fast Same Day Shipping<br />

Flat Rate Delivery<br />

E-Cig kit Includes 1 cig,<br />

10cartridges, Wa l, USB,<br />

Car Chargers $6.50<br />

• E-Liquids<br />

• E-Cig A ce sories<br />

Round Mouth E-Cig<br />

3.5ml Atomizer Set<br />

w/Coil Heads $3.83<br />

SHISHA Zero<br />

Nicotine Disposable<br />

E-Cig $3.45<br />

This is a Buying Guide for<br />

RETAIL STORE OWNERS<br />

Presented within the pages are the latest offerings from the<br />

country’s leading merchandise wholesalers. The advertisers<br />

herein sell strictly wholesale and require that you purchase with<br />

the intent of reselling through retail channels.<br />

Sell to over 60,000<br />

stores through <strong>Forum</strong><br />

631/754-5000<br />

DRESS UP FOR<br />

PROFITS!<br />

COSTUMES ARE YEAR ‘ROUND MONEY MAKERS!<br />

Every Day’s A Treat!<br />

See our ad on page 28<br />

www.USACostumers.com<br />

Light Up WithoUt<br />

Lighting Up!<br />

LOGIC WHOLESALE<br />

see our ad on page 37<br />

Start.<br />

Electronic<br />

Cigarettes<br />

Full Service Wholesaler • We Ship Worldwide<br />

Grow.<br />

Repair.<br />

Our specialty is helping sma l and<br />

mid-sized busine ses achieve su ce s.<br />

Contact us for fr e consultation.<br />

1-800-433-7002<br />

info@<strong>Forum</strong>BA.com • www.<strong>Forum</strong>BA.com<br />

Always Be<br />

Fashionable<br />

FASHIONABLE<br />

SALES<br />

See our ad on Pg 63<br />

www.Lightecig.com<br />

We Dropship - Distributors WanteD • Scroll website to bo tom - Click on WHoLESALE<br />

SMALL<br />

BUSINESS<br />

CONSULTING<br />

<strong>Forum</strong>BA.com<br />

Ad on Page 18<br />

INDEX<br />

ADVERTISERS INDEX<br />

AUGUST 2022<br />

BLING IT ON!<br />

HipWholesale.com<br />

See our ad on Page 27<br />

Does anybody<br />

read these?<br />

CALL 631-754-5000 and<br />

you’ll get a FREE 3-mo.<br />

subscription!<br />

Congratulations to<br />

FIND THE FINDS<br />

Northport, NY<br />

PLEASE PATRONIZE THE LEADING WHOLESALERS<br />

WHO ADVERTISE IN RETAILERS FORUM MAGAZINE<br />

THE TRUSTED BUYING SOURCE FOR RETAIL STORES!<br />

ADVERTISING<br />

FORUM AD RATES .......... 09<br />

APPAREL<br />

1 STOP WHOLESALE ........ 35<br />

BLANK TEES. ............... 28<br />

BOUTIQUE CLOSEOUTS. ..... 51<br />

CAPSMITH ............. 20-21<br />

CLOTHINGWARE ........... 71<br />

DD BULK ................... 60<br />

FASHIONABLE<br />

FASHIONABLE SALES. ....... 63<br />

WATCHES<br />

SNEAKY SAVINGS ON SNEAKERS<br />

SKMEI 1463 Fashion Women<br />

Watches W/ Leather Strap<br />

$14.99<br />

FLIRTY WHOLESALE ........ 24<br />

KARMA CIRCLE. ............ 03<br />

SCARF WAREHOUSE ........ 84<br />

For Men & Women<br />

See Our Ad On PAge 59<br />

SKMEI 1258 Digital Sport Watch<br />

For Men W/ 50m Waterproof<br />

SKMEI 9178<br />

Creativity Sku l<br />

Quartz Watch<br />

For Men<br />

$16.99<br />

SKMEI 1704 Elegant Girl Clock<br />

W/ Japan Quartz Movement<br />

$18.99<br />

$13.99<br />

STYLISH PLUS .............. 45<br />

T SHIRT REP ................ 88<br />

UIN DEALS ................. 61<br />

LINKS<br />

SKMEI 123 Fashion<br />

Casual Sport Watch<br />

W/ Stainle s Steel Strap<br />

Liebig L1013 Japan Quartz<br />

Movement Golden Watch<br />

$13.99<br />

$15.99<br />

UNIVERSE WHOLESALE. ..... 47<br />

USACOSTUMERS.COM ...... 28<br />

ASSORTED ITEMS<br />

AUCTION FINDER ........... 34<br />

BEAN WHOLESALERS ....... 24<br />

DINO DROPSHIP . . . . . . . . . . . . 57<br />

DOBA DROPSHIP ........... 15<br />

EVERYTHING CLOSEOUTS ... 70<br />

EZ DROPSHIP. .............. 68<br />

FIND IT ASIA. ............... 86<br />

LIEBIG L2004 Quartz Watches<br />

For Men<br />

$17.99<br />

SKMEI 1419 Simple Style<br />

Women Quartz Watches<br />

$12.99<br />

MEGA UBID ................ 74<br />

RAMSONS IMPORTS ........ 13<br />

SWEET WHOLESALERS ...... 55<br />

TOP TEN WHOLESALE ....... 83<br />

BOOKS<br />

AUCTION BOOK ............ 80<br />

BUYERS CONTACTS ......... 79<br />

CLOSEOUT DIRECTORY ..... 89<br />

HIDDEN WEALTH ........... 82<br />

TRADE PUBLICATIONS ...90-96<br />

CANDY<br />

SWEET WHOLESALERS ...... 55<br />

CELLULAR<br />

CELLCITY.BIZ .............. 29<br />

SKMEI 1676 Simple Watches<br />

For Men IP68 W/ Leather Strap<br />

WHOLE-CELL .............. 73<br />

$15.99<br />

SKMEI 1690<br />

Quartz Watches For Womens<br />

W/ Rhinestone Decoration<br />

$16.99<br />

COMPUTERS<br />

REFURB SHOPS ............. 32<br />

CONSUMER ELECT.<br />

SKMEI 1722 Ladies<br />

Quartz Analog Silicone<br />

Wrist Watch<br />

FIND IT CHINA .............. 65<br />

$15.99<br />

FAST SHIPPING - 100% GUARANTEED AND WARANTEED - FAST SHIPPING<br />

ALL CREDIT CARDS ACCEPTED - WE SHIP WORLDWIDE - WHOLESALERS WELCOME<br />

CREDIT CARD<br />

PROCESSING<br />

EXP MERCHANT ............ 81<br />

SKMEI 1703 Fashion Flower Shape<br />

Dial Ladies Quartz Clock<br />

W/ 30m Waterproof<br />

$17.99<br />

www.TimeWholesalers.com<br />

We make it easy to find products and suppliers<br />

without having to flip through entire magazine<br />

1. Check the INDEX on Pages 6 & 7.<br />

2. Find the Product Category and View the Various Companies.<br />

3. CLICK on the Company you’re interested in and their Ad Page<br />

will Open Immediately.<br />

Found an ad that Interests you and want to know more?<br />

1. CLICK on the website in the ad and you will open the<br />

company’s website.<br />

2. CLICK on an email in the ad and you can send a message<br />

ALL WEBSITES AND EMAILS IN EVERY AD ARE LIVE LINKS.<br />

JUST CLICK ON THEM!<br />

RESPONDER<br />

CLICK ON BANNERS<br />

IN SELECT ADS<br />

Want More Info? Circle #09 on page 11 • www.Vendor411.com<br />

TO GET FREE CATALOGS/PRICING<br />

Many companies are enrolled in our Reader Response<br />

Program (Page 11). You can contact multiple<br />

companies with 1-CLICK!<br />

1. Find the Reader Response Banner in an Ad.<br />

2. CLICK on the banner and it will open up an Inquiry Form.<br />

3. Select Companies you want FREE CATALOGS and Info from.<br />

4. You can also access this FREE Program on Page 11<br />

or www.Vendor411.com directly.<br />

FORUM PUBLISHING COMPANY<br />

CONTACT US:<br />

TEL: 1-800-635-7654<br />

383 East Main Street, Centerport, NY 11721<br />

FAX: 631-754-0630<br />

www.<strong>Retailers</strong><strong>Forum</strong>.com<br />

RETAILERS FORUM Email: MAGAZINE <strong>Forum</strong>Publishing@gmail.com<br />

| JULY <strong>2023</strong> Page 5


Sell to over 60,000<br />

stores through <strong>Forum</strong><br />

631/754-5000<br />

DRESS UP FOR<br />

PROFITS!<br />

Every Day’s A Treat!<br />

RS with a<br />

COSTUMES ARE YEAR ‘ROUND MONEY MAKERS!<br />

WHOLESALE<br />

100’S IN STOCK<br />

Costume Club<br />

All Occassions<br />

Fast Same Day Shipping<br />

Flat Rate Delivery<br />

Solution<br />

www.USACostumers<br />

See NEW our USACostumers.com<br />

with ad on COOLING page Technology 20<br />

Light Up Without<br />

Lighting Up!<br />

LLOWS - 25% of body weight is on the pillow,<br />

getting Full the Service right Wholesaler pillow • We Ship Worldwide<br />

• LOGIC Disposables • WHOLESALE<br />

Kits<br />

• E-Liquids<br />

with a new mattress<br />

• Atomizers<br />

will<br />

• E-Cig<br />

improve<br />

Batteries •<br />

sleep<br />

E-Cig Accessories<br />

see our ad on page 43<br />

OMFORTERS<br />

H2 E-Cig Round<br />

Mouth Atomizer<br />

$1.85<br />

Electronic<br />

Cigarettes<br />

Clara Clark Collection<br />

Sales<br />

in<br />

Slumber<br />

5mL Bottle<br />

E- Liquid E-Juice<br />

for E-Cig $1.30<br />

E-Case w/2<br />

Cigarettes + 1 USB<br />

Charger $10.50<br />

E-Cig kit Includes 1 cig,<br />

10cartridges, Wall, USB,<br />

Car Chargers $6.50<br />

Round Mouth E-Cig<br />

3.5ml Atomizer Set<br />

w/Coil Heads $3.83<br />

BLING IT ON!<br />

HipWholesale.com<br />

See our ad on Page 33<br />

SMALL<br />

BUSINESS a mattress without a<br />

mattress protector<br />

CONSULTING<br />

<strong>Forum</strong>BA.com<br />

Ad on Page 36<br />

SHISHA Zero<br />

Nicotine Disposable<br />

E-Cig $3.45<br />

www.Lightecig.com<br />

see our ad on Page 03<br />

We Dropship - Distributors WanteD • Scroll website bottom - Click on WHoLESALE<br />

SNEAKY<br />

SHEETS<br />

SAVINGS<br />

- 73%<br />

ON<br />

of customers<br />

SNEAKERS<br />

that purchase a new mattress<br />

will buy a new sheet set within<br />

the next 3 days, give them all<br />

they need!<br />

Does anybody<br />

read these?<br />

CALL 631-754-5000 and<br />

you’ll get a FREE 3-mo.<br />

subscription!<br />

ark catalog today!<br />

Congratulations to<br />

GEORGE THE PLUMBER<br />

Asharoken, NY<br />

845.533.4590<br />

See Our Ad on Page 55<br />

MATTRESS<br />

PROTECTOR<br />

You wouldn't sell a car<br />

without insurance. Don't sell<br />

cs@sanderscollection.com<br />

ADVERTISERS INDEX<br />

JULY <strong>2023</strong><br />

PLEASE PATRONIZE THE LEADING WHOLESALERS<br />

WHO ADVERTISE IN RETAILERS FORUM MAGAZINE<br />

THE TRUSTED BUYING SOURCE FOR RETAIL STORES!<br />

ADVERTISING<br />

FORUM AD RATES .......... 09<br />

APPAREL<br />

1 STOP WHOLESALE. ........ 53<br />

BOUTIQUE CLOSEOUTS ...... 49<br />

CLOTHINGWARE ............ 73<br />

DD BULK ................... 40<br />

FASHIONABLE SALES. ....... 29<br />

FLIRTY WHOLESALE ......... 30<br />

HEAVENLY SUITS ............ 18<br />

SCARF WAREHOUSE. ........ 35<br />

STYLE IN FASHION .......... 18<br />

STYLISH PLUS .............. 63<br />

UIN DEALS ................. 25<br />

USACOSTUMERS.COM ....... 20<br />

ASSORTED ITEMS<br />

BEAN WHOLESALERS ....... 32<br />

DINO DROPSHIP. ............ 39<br />

DOBA DROPSHIP ............ 19<br />

EVERYTHING CLOSEOUTS. ... 56<br />

EZ DROPSHIP ............... 44<br />

FIND IT ASIA ................ 83<br />

HEAVENLY WHOLESALE. ..... 24<br />

MEGA UBID ................. 66<br />

RAMSONS IMPORTS ......... 02<br />

SWEET WHOLESALERS ...... 67<br />

TOP TEN WHOLESALE ....... 79<br />

BOOKS<br />

AUCTION BOOK ............. 82<br />

BUYERS CONTACTS ......... 85<br />

CLOSEOUT DIRECTORY ...... 84<br />

HIDDEN WEALTH ............ 80<br />

TRADE PUBLICATIONS ..... 86-92<br />

CANDY<br />

SWEET WHOLESALERS ...... 67<br />

CELLULAR<br />

CELLCITY.BIZ ............... 57<br />

WHOLE-CELL ............... 45<br />

COLLECTIBLES<br />

PATTER’S COLLECTIBLES .... 18<br />

COMPUTERS<br />

REFURB SHOPS. ............ 58<br />

CONSUMER ELECT.<br />

FIND IT CHINA. .............. 47<br />

CREDIT CARD<br />

PROCESSING<br />

EXP MERCHANT. ............. 69


#1<br />

BUYING GUIDE<br />

FOR RETAIL STORES!<br />

DISPLAY/SUPPLIES<br />

& SERVICES<br />

AVVO ADVISORS ............ 28<br />

CC WAREHOUSE ............ 65<br />

E-STORE BUILDERS ......... 60<br />

E STORE SIGNS ............. 51<br />

E-STORE SITES ............. 72<br />

FB CAMPAIGNS ............. 52<br />

FORUM ADVISORS. .......... 36<br />

KWIK INC. .................. 54<br />

PAYROLL HELPER ........... 64<br />

PROTECTION PLANS. ........ 38<br />

RETAILERS BANK ........... 48<br />

SALES GROUP BAGS ........ 62<br />

SETON SIGNAGE ............ 81<br />

WHOLESALESOURCES.COM . . . . .<br />

INSIDE BACK COVER<br />

DROPSHIPPERS<br />

DINO DROPSHIP. ............ 39<br />

DOBA DROPSHIP ............ 19<br />

EZ DROPSHIP ............... 44<br />

HEALTH & BEAUTY<br />

CORIUM 21 LLC ..............34<br />

E-CIGARETTES &<br />

SMOKE SHOP ITEMS<br />

3’x5’Embroidered Flags $14.00 Each<br />

LIGHT E CIG ................ 31<br />

View our 148 page Catalog online !<br />

www.RIOhio.com<br />

LOGIC WHOLESALE ......... 43<br />

Belt Buckles $18.00 dz<br />

USA VAPE DEALS<br />

$36.00<br />

...........<br />

dz<br />

59<br />

Hat Pins $6.00 dz<br />

Garden Flags<br />

$48.00 dz<br />

Metal Signs<br />

$5.50 Each<br />

3’x5’Embroidered Flags<br />

$14.00 Each<br />

$9.00 dz<br />

FOOTWEAR<br />

Playing Cards<br />

$18.00 dz<br />

$24.00 dz<br />

$21.00 dz<br />

5” Patches $36.00 dz<br />

$39.00 dz<br />

Garden Flags<br />

48.00 dz<br />

$18.00 dz<br />

Tri-Fold<br />

$36.00 dz<br />

$5.00 Each<br />

SNEAKER CLEARANCE ...... 55<br />

Leather Wallets $5.50 each<br />

HANDBAGS<br />

$21.00 dz<br />

$36.00 ut 72 pcs<br />

Magnets 3”x8” $18.00 dz<br />

BAG CLOSEOUTS ........... 27<br />

BAG VENDORS. ............. 20<br />

HOME & HOUSEWARE<br />

CLARA CLARK .............. 03<br />

DAKOTA STEEL ART .......16/17<br />

MERCHANDISE REP ......... 22<br />

RUG PROFITS. .............. 15<br />

RUSH SUPPLIERS ........... 46<br />

JEWELRY/ACCESSORIES<br />

BLING WHOLESALER .............13<br />

BODY CANDY HQ ................71<br />

BUND JEWELRY. .................04<br />

CLOSEOUTS FOR SALE ...........61<br />

HIP WHOLESALE .................33<br />

JEWEL CLEARANCE ..............22<br />

JEWELRY MINERS ................41<br />

SHAKE WHOLESALE. .............50<br />

UNIVERSE WHOLESALE ...........76<br />

WindSocks<br />

$48.00 dz<br />

Min.Order<br />

$150.00<br />

Metal Sign<br />

$4.75 each<br />

$48.00 dz<br />

$4.50 Each<br />

NOVELTIES<br />

3pc Magnet<br />

$5.25 Each<br />

$42.00 dz<br />

Metal Plates<br />

$27.00 dz<br />

$15.50 Each<br />

CARTOON CONCEPTS ....... 68<br />

COOL GLOWING. .. BACK COVER<br />

NOVELTY SELLER ........... 77<br />

PPE SUPPLIES<br />

PPE STOCKROOM ........... 74<br />

R/C & TOYS<br />

8” x 12” Metal Signs<br />

$39.00 dz<br />

RC VARIETY ................ 75<br />

$4.00 each<br />

$30.00 dz 8” x 12” Parking Sign $18.00 dz<br />

SOARING RC. ............... 42<br />

Leather Bracelet $18.00 dz<br />

SPECIAL FEATURES<br />

Patches $18.00 dz<br />

Belt Buckles<br />

WHAT’S $36.00 dz HOT ................ 1ut/5 dz Mood Rings $33.00 unit 12<br />

Advertise in<br />

Metal Sign<br />

12”X18” $5.75 Each<br />

See Page 9<br />

12”x18” Metal Sign $5.25 each<br />

BUSINESS BOOKS<br />

www.BizBooks.org<br />

STYLE IN FASHION<br />

$36.00 ut/72pcs<br />

$15.00 dz<br />

Stylish & Fashionable<br />

Fashions<br />

from Around<br />

the World<br />

$6.00 dz Hat Pins Also<br />

See our Ad on Page 18<br />

sold by the<br />

Gigantic dozen! Selection<br />

of Variety Goods<br />

12” Metal Signs<br />

12”x18” Metal Signs $5.00 Each<br />

$5.50 Each<br />

FORUM WORKSHOP $15.00 dz ......... 26<br />

36 pcBiker Ring<br />

$24.00 dz<br />

Best Friend Necklace<br />

RAMSON’S<br />

$39.00 unit<br />

$24.00 dz/sets<br />

Belt Buckles<br />

See our Ad on Page 02<br />

$7.00 Each<br />

$42.00 dz READER RESPONSE ......... 11<br />

RETAILING NEWS. ........... 14<br />

SPORTING GOODS<br />

OHIO KNIFE. .................21<br />

TRADE SHOWS<br />

ASD MARKETPLACE ......... 37<br />

WATCHES & CLOCKS<br />

TIME WHOLESALERS ........ 23<br />

WATCH DEALERS ........... 24<br />

WEDDING ITEMS<br />

SMARTEST BARGAIN ........ 70<br />

WELCOME NEW READERS!<br />

DROPSHIP TO PROFITS!<br />

Tri- Color Necklace $18.00 dz<br />

1000’s of Items<br />

See our ad on Page 19<br />

WHOLESALERS:<br />

Increase Your Sales<br />

By Advertising Here!<br />

631-754-5000<br />

WIND SPINNERS<br />

Sells Like<br />

A Breeze!<br />

DAKOTA STEEL<br />

See Our Ad on Pgs. 16/17<br />

VISIT FORUM ON<br />

THE INTERNET<br />

View our latest books at<br />

www.bizbooks.org<br />

WE HAVE BUYERS<br />

Databases for ALL Industries<br />

www.BuyersContacts.com


ADVERTISING INFORMATION<br />

www.retailersforum.com<br />

VOL 28 NO. 2<br />

JUNE 2008<br />

MARKETING TIPS!<br />

MERCHANDISE SOURCES<br />

RETAILING TIPS<br />

SELL LIKE AN<br />

EGYPTIAN!<br />

Reach Active Buyers with our Print Readership<br />

Plus over 265,000+ Page Views Monthly Online<br />

✔ Apparel and Accessory Stores<br />

✔ Card and Gift Stores<br />

✔ Discount and Dollar Stores<br />

✔ Distributors and Jobbers<br />

✔ General Merchandise Stores<br />

✔ Internet On Line Stores<br />

✔ Mail Order Catalog Sales<br />

✔ Novelty and Toy Stores<br />

✔ On Line Stores<br />

✔ Resort and Souvenir Stores<br />

✔ Sporting Goods Stores<br />

✔ Variety Merchandise Stores<br />

✔ Wholesalers<br />

ESTABLISHED IN 1981 as a buying source for store<br />

owners and wholesalers, <strong>Retailers</strong> <strong>Forum</strong> offers advertisers<br />

a large national circulation to showcase their products<br />

and services. Many of our readers are located in rural<br />

areas where access to merchandise is difficult, making our<br />

magazine indispensable to their buyers.<br />

Through our unique direct mail and trade show<br />

circulation we constantly rotate our mailing lists, adding<br />

new stores monthly enabling us to deliver new, fresh<br />

buyers each and every month you advertise with us.<br />

In addition to your print ad, your company will be<br />

featured in our digital on line monthly version at<br />

www.RFmagazine.com. Our online magazine produces<br />

over 265,000+ page views monthly for our advertisers,<br />

which is in addition to our print and mail distribution.<br />

Your online ad will link to your website and email<br />

address and we provide unlimited transfers from our<br />

readers into your website 24/7.<br />

FORUM PUBLISHING COMPANY<br />

383 East Main Street, Centerport, NY 11721<br />

www.<strong>Retailers</strong><strong>Forum</strong>.com<br />

CONTACT US:<br />

TEL: 1-800-635-7654<br />

FAX: 631-754-0630<br />

Email: <strong>Forum</strong>Publishing@gmail.com<br />

Page 8 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


etailers<br />

ADVERTISING RATES<br />

AD SIZE 1 ISSUE 3 ISSUES 6 ISSUES 12 ISSUES<br />

1⁄8 Page $400 $300 $275 $250<br />

¼ Page $525 $425 $400 $350<br />

½ Page $625 $525 $500 $450<br />

Full Page $850 $750 $700 $650<br />

2 Pages $1,350 $1,250 $1,150 $1,050<br />

Prices shown per month, above rates include full color printing<br />

ADVERTISING SPECS<br />

1⁄8 Page: 2¼" high x 3¼" wide<br />

¼ Page: 4‚" high x 3¼" wide<br />

½ Page:<br />

Full Page:<br />

Email or provide CD of ad in exact dimensions as JPG, TIF or preferred<br />

PDF format in CMYK color, 300 dpi resolution only<br />

✔ Monthly print and mail magazine<br />

✔ Online magazine and search marketing<br />

✔ Distribution at top trade shows<br />

4‚" high x 7" wide or<br />

9½" high x 3¼" wide<br />

9½" high x 7" wide<br />

FULL MARKETING PROGRAM INCLUDED >><br />

Printed <strong>Magazine</strong><br />

• Your ad is featured in our<br />

printed magazine circulated to<br />

buyers across the USA. Includes<br />

distribution at industry’s top trade<br />

shows.<br />

Complete Digital <strong>Magazine</strong><br />

• Your ad runs on-line at<br />

www.RFmagazine.com<br />

• Over 265,000+ monthly<br />

page views<br />

• Active link to your website<br />

Phone APP<br />

• Your company included in our free<br />

iPhone and Android APP. Imagine<br />

YOUR company right<br />

on the buyers phones!<br />

Reader Response<br />

• Generates leads from buyers interested<br />

in your products through a<br />

code placed in<br />

your ad and on-line at<br />

www.vendor411.com. Free for<br />

all half and full-page ads.<br />

Search Marketing<br />

• Your company included in the<br />

industry’s leading search engine:<br />

www.supplier411.com<br />

• Saturation marketing coverage on<br />

our new wholesale portal: www.<br />

wholesalesources.com<br />

TOP INDUSTRY TRADE SHOWS <strong>2023</strong><br />

JANUARY<br />

Atlanta Gift Fair<br />

Los Angeles Market Week<br />

Philadelphia Gift & Variety Show<br />

Seattle Gift Show<br />

The Merchandise Center, IL<br />

FEBRUARY<br />

ASD Marketplace Las Vegas Show<br />

Louisville Gift Show<br />

Magic Sourcing Show<br />

New York Toy Fair<br />

Off Price Specialist Show<br />

Rocky Mountain Gift Show<br />

MARCH<br />

Atlanta Spring Gift Show<br />

California Marketplace<br />

Dallas Apparel & Accessories Show<br />

Greensboro Gift & Jewelry Show<br />

The Merchandise Center, IL<br />

APRIL<br />

Hawaii Merchandise Expo<br />

The Merchandise Center, IL<br />

MAY<br />

Las Vegas Licensing Show<br />

New Orleans Gift & Jewelry Show<br />

Northern Michigan Gift & Souvenir Show<br />

Off Price Show NY TBD<br />

The Merchandise Center, IL<br />

JUNE<br />

Dallas Gift & Variety Show<br />

Greensboro Gift & Jewelry Show<br />

LA Fashion Market<br />

JULY<br />

Atlanta Gift & Home Furnishings<br />

California Marketplace<br />

Philadelphia Gift & Variety Show<br />

The Merchandise Center, IL<br />

AUGUST<br />

ASD Market Week<br />

Biloxi Wholesale Show<br />

Louisville Gift Show<br />

Off Price Specialist Show<br />

New Orleans Gift & Jewelry Show<br />

Rocky Mountain Gift Show TBD<br />

St. Louis Gift Show<br />

SEPTEMBER<br />

Asia America Wholesale Show<br />

Dallas Home & Gift Show<br />

Greensboro Gfit & Jewelry Show<br />

Hawaii Gift Show<br />

Norton’s Gift & Variety Show<br />

Philadelphia Candy & Gift Show<br />

The Merchandise Center, IL<br />

OCTOBER<br />

Dallas Apparel & Accessories Show<br />

Las Vegas Souvenir & Gift Show<br />

The Merchandise Center, IL<br />

NOVEMBER<br />

Gatlinburg Gift Show<br />

Hawaii Merchandise Expo<br />

New Orleans Gift & Jewelry Show<br />

Smoky Mountain Variety<br />

DECEMBER<br />

Grand Strand Gift & Variety Show<br />

Greensboro Gift & Jewelry Show<br />

The Merchandise Center, IL<br />

Our Large Holiday Issue Hits The Mails Before Thanksgiving to<br />

Maximize Advertisers Results!<br />

We provide physical magazines at shows or email free<br />

digital magazine to attendees using Attendee database lists.<br />

* Show schedules are subject to change without notice.


From the<br />

PUBLISHER<br />

No Summertime Blues Here!<br />

DO you have the summertime blues?<br />

With summer just now kicking into gear<br />

this is a really great time for retailers<br />

who sell fun-in-the-sun merchandise to<br />

prosper.<br />

AFTER a long winter it feels that the<br />

summer has come upon us very quickly. If<br />

your store already sells summer clothing<br />

and accessories, beach and recreational<br />

goods or seasonal items this is your time<br />

to ring up sales.<br />

CONSUMERS are ready for a great<br />

shopping experience and it is our job to<br />

provide one. But what if your business<br />

does not cater to summer fun? If you<br />

run a variety type store or website why<br />

can’t you have a summer fun aisle or<br />

section. There are big margins in pool<br />

equipment, super soaker toys and the like<br />

and you could be increasing your sales<br />

by offering these items.<br />

HOWEVER, if you have a strictly<br />

seasonal business and can’t or do not<br />

want to cater to the summer buyers then<br />

you should be using this slower time<br />

to prepare your strategies for the next<br />

season and eventually holiday sales.<br />

Make this year different than the past<br />

ones when you promised to make a plan<br />

when you were slow but procrastinated<br />

yourself right into Christmas!<br />

WHEN you make advance plans for<br />

your business you will make better buying<br />

decisions and more accurate budgeting<br />

for your store rather than rushing at the<br />

>> ON-LINE SOURCING<br />

last minute and often overpaying for<br />

inventory or missing out on the hottest<br />

sellers because they’ve sold out. Make<br />

your checklists on what needs to be done<br />

at your store.<br />

ALSO it is important to think about<br />

merchandise and the summer brings<br />

with it some of the largest trade shows in<br />

the country where you should be looking<br />

for the next “big thing.” You’ll also find<br />

that when you visit trade shows you<br />

will get invigorated and energized about<br />

your business and the next season. You<br />

will interact with peers and suppliers<br />

and your creative juices will flow. And<br />

don’t forget to pursue trade magazines<br />

like ours and search engines like<br />

www.wholesalesources.com to find the<br />

newest ideas and products.<br />

FOR the last few issues I have been<br />

encouraging you to “go after the business”<br />

and be proactive in bringing buyers into<br />

your store. With every new season comes<br />

new opportunity to increase our sales,<br />

make new customers and expand our<br />

profits.<br />

IN closing I would like to wish all of<br />

our readers and supporters a happy and<br />

healthy Independence Day. We ask that<br />

you share your thoughts and prayers<br />

to our service men and women who<br />

currently, or have in the past, sacrificed<br />

for us to allow our independence and<br />

freedom that we cherish daily.<br />

The entire issue of<br />

<strong>Retailers</strong> <strong>Forum</strong> <strong>Magazine</strong><br />

is posted on-line at<br />

www.<strong>Retailers</strong><strong>Forum</strong>.com<br />

Includes: Website Links *<br />

E-Mail Links * Printable PDF’s<br />

ACCESS OUR MAGAZINE<br />

FROM ANYWHERE 24/7<br />

RETAILERS<br />

FORUM<br />

SALES & MARKETING<br />

Gregory Brown<br />

Tom Richards<br />

Scott Savitt<br />

Martin Stevens<br />

OFFICE MANAGER<br />

Leah C.<br />

PRODUCTION<br />

Lisa Maresca-Smith<br />

CREDIT DEPARTMENT<br />

Kristine Hines<br />

CIRCULATION<br />

Discount Reading Svc.<br />

LITERARY STAFF<br />

Patricia Luebke<br />

Jason Meyers<br />

Rachel Spearman<br />

COLOR PRODUCTION<br />

Anchor Imaging<br />

PRINTING<br />

Composing Room<br />

ART DIRECTION<br />

Gregory Stevens<br />

Martin Stevens<br />

OVERSEAS OFFICE<br />

Trade Channel<br />

N.W. Guineastr 30<br />

2022 PA Haarlem<br />

Netherlands<br />

+31-23-531-90-22<br />

Published Monthly by:<br />

<strong>Forum</strong> Publishing Co.<br />

383 East Main Street<br />

Centerport, NY 11721<br />

Tel: 631/754-5000<br />

Fax: 631/754-0630<br />

forumpublishing@gmail.com<br />

www.retailersforum.com<br />

42 Years<br />

1981-<strong>2023</strong><br />

RETAILERS FORUM is published monthly at $75/year USA,<br />

$125/year foreign.<br />

Entire contents copyright ©<strong>2023</strong> by <strong>Forum</strong> Publishing.<br />

Publisher assumes no responsibility for contents herein.<br />

First and third class postage paid at Centerport, NY. Bulk<br />

mail paid at NY, Brookfield, WI and Hooksett, NH under<br />

private mail indicia via publication mailing.


etailers<br />

READER RESPONSE<br />

FAST<br />

FASTER<br />

SUPER FAST<br />

MAIL<br />

Return This Form By Mail to:<br />

FORUM READER SERVICE<br />

383 East Main Street<br />

Centerport, NY 11721<br />

FAX<br />

Complete & FAX<br />

This Page to:<br />

(631) 754-0630<br />

ONLINE<br />

Fill Out<br />

Online Inquiry at:<br />

www.Vendor411.com<br />

Receive FREE Information on Products & Services in this Issue<br />

➥<br />

APPAREL<br />

❑ All Advertisers in APPAREL<br />

❑ 14. Style In Fashion<br />

BUSINESS SERVICES<br />

❑ All Advertisers in BUSINESS SERVICES<br />

❑ 24. <strong>Forum</strong> Business Advisors<br />

COLLECTIBLES<br />

❑ All Advertisers in COLLECTIBLES<br />

❑ 03. Patter’s Collectibles<br />

CREDIT CARD PROCESSING<br />

❑ All Advertisers in CREDIT CARD PROCESSING<br />

❑ 68. EXP Merchant<br />

GENERAL & VARIETY<br />

❑ All Advertisers in GENERAL & VARIETY<br />

❑ 07. Ramsons<br />

Look For Reader Response Banner in Our ADS!<br />

Want More Info? Circle #00 on page 00 • www.Vendor411.com<br />

ADVERTISER INDEX<br />

HEALTH & BEAUTY<br />

❑ All Advertisers in HEALTH & BEAUTY<br />

❑ 12. Corium 21 LLC<br />

HOME & HOUSE<br />

❑ All Advertisers in HOME & HOUSE<br />

❑ 23. Dakota Steel Art<br />

❑ 21. Sanders Collection<br />

JEWELRY<br />

❑ All Advertisers in JEWELRY<br />

❑ 01. Zirconia Jewelry<br />

SPORTING GOODS<br />

❑ All Advertisers in SPORTING GOODS<br />

❑ 04. Ohio Knife<br />

❑ 10. Sol Effect<br />

WESTERN ACCESSORIES<br />

❑ All Advertisers in WESTERN ACCESSORIES<br />

❑ 33. JR Palacios<br />

FREE INFORMATION REQUEST FORM:<br />

Fax: 631-754-0630 • On-Line: www.Vendor411.com<br />

Mail: <strong>Forum</strong> Publishing Co., 383 E. Main Street, Centerport, NY 11721<br />

Your Name ____________________________________________ Type of Business ____________________________________<br />

Company Name ____________________________________________________________________________________________<br />

Address ___________________________________________________________________________________________________<br />

City ___________________________________________________State _____________________ Zip ______________________<br />

E-Mail: ________________________________________________Tel _______________________ Fax ______________________<br />


WHAT’S HOT<br />

For more information, contact:<br />

www.CoolGlowing.com<br />

For more information, contact:<br />

www.FashionableSales.com<br />

SAFER THAN FIREWORKS<br />

YES I know that the spark and sizzle of fi reworks is always fun and exciting as well<br />

as dangerous. Didn’t your mama warn you that you could poke your eye out? Well, if you<br />

want to make things light up and glow during your party look no further<br />

than Cool Glowing.<br />

8” Premium<br />

Glow<br />

Bracelets<br />

Yellow<br />

100 Pack<br />

$<br />

15.99<br />

Womens Sexy<br />

Halter Cut Out<br />

Bandage Bikini<br />

Two Piece Swimsuit<br />

Criss Cross Bathing Suit<br />

$<br />

14.99<br />

ONE of the largest suppliers of everything that glows, you will fi nd<br />

a huge variety of all types of light-up party goods. The company stocks<br />

hundreds of items including light-up necklaces, light sticks, drinking cups<br />

and novelties.<br />

THERE is money to be made with these items and if you have been<br />

to concerts and parties where these glow items are sold you will see<br />

that the mark-ups can be 300-500%. They are real impulse items and your<br />

experience with Cool Glowing will not disappoint.<br />

THIS month’s special is a 100 pack of 8 inch premium glow bracelets for<br />

just $15.99. This is a real money maker.<br />

HOT FASHIONS WORLDWIDE<br />

SINCE 2008 Fashionable Sales has been selling their highly curated collection<br />

of women’s fashions that focus on the 18-35 year old client. This worldwide<br />

company features the hottest fashions at the best prices you will fi nd anywhere.<br />

Their acclaimed online platform makes it easy for your store to sort tops,<br />

bottoms, swimwear, lingerie and even plus sizes and accessories.<br />

BEST of all they sell with no minimum order. You read it correctly, NO<br />

minimum order. This means you can stock light and go after a wide variety<br />

of styles and sizes. Gone are the days of buying a dozen of each size and<br />

tying up your capital. With Fashionable Sales you get to custom select a piece<br />

here, a piece there, to really fl esh out your inventory. And if you sell online,<br />

they dropship! It just doesn’t get any better than this. The company features<br />

the highest quality apparel and accessories from around the world with new<br />

goods weekly.<br />

THIS month’s hot item is their sexy halter top bandage bikini swimsuit at<br />

just $14.99. Check out their sale department for even more discounted goods.<br />

For more information, contact:<br />

www.<strong>Forum</strong>123.com<br />

Tel: 1-631-754-5000<br />

USA AUCTION DIRECTORY<br />

I’M sure that you have heard great stories about how someone snapped<br />

up a great deal at a local or national auction. How and where do people get<br />

the scoop on these auctions?<br />

THE USA Auction Directory will be your guide to auctions in every<br />

state in the USA and shows you how to sign up for free to be on the auction<br />

mailing lists.<br />

INCLUDED are all types of auctions including government, property,<br />

livestock, jewelry, autos and boats, businesses and tons or merchandise.<br />

The best part of this comprehensive directory is that you don’t have to<br />

buy anything further! Everything you need to be a successful auction buyer<br />

is included. The book is available in print or PDF format for just $39.95<br />

Page 12 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


NYC’s Best Bling!<br />

CHAINS • PENDANTS • BRACELETS • WATCHES<br />

Famous<br />

Celebrity<br />

Clientele<br />

30 YEARS OF CUSTOMER SATISFACTION • HIGHEST QUALITY • BEST PRICES<br />

www.BlingWholesaler.<br />

.BlingWholesaler.com<br />

RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 13


RETAILING NEWS<br />

Don’t Be Bud Light!<br />

BUSINESS owners across the country, both large and small have been paying attention to the<br />

culture wars as some big players have gone what is called “woke.” I’m sure you are familiar with<br />

the Bud Light roll-out, followed by Target “tuck-in swim suits” and now Kohl’s pride lines. What all of<br />

these companies have in common is the backlash that has come from their unpopular decisions.<br />

PEOPLE around the country are generally open-minded. If a store has a “pride display” most<br />

shoppers could care less. The problem that many businesses are running into is that they are<br />

misreading the room. Consumers biggest issues are having social issues thrust upon them. Worse<br />

yet is when the issues have to do with their children. Bud Light, Target and the rest who jumped<br />

on the bandwagon have all lost billions of dollars and dis-enfranchised their regular clients. That in<br />

itself is a lesson to learn.<br />

YOUR store can do whatever you like but before you leap into controversial territory, we all<br />

need to see who and how it serves. If you are a social warrior than you can contribute to causes<br />

that are important to you rather than impose your ideology on your shoppers.<br />

THE real truth is that most people do not care about how people live their lives or their lifestyles<br />

but when the divisiveness ramps up it creates problems. Be smart, don’t fall into the division trap<br />

that is set. Celebrate all of your customers and respect all of their beliefs!<br />

Selling On Social Media Platforms<br />

THERE is no way to avoid it, Insta, FB, Tik, and all the rest play a large part in the retailing<br />

community with many of our younger shoppers. With the advent of AI, which will probably result in<br />

the end of our civilization (just saying!), we all need to be on the top of our game when it comes<br />

to marketing and selling using social media platforms.<br />

ONE of the big changes with social media is that they are relying more on what is called microinfluencers<br />

than celebrities. Users also need to have a seamless shopping experience once they<br />

decide to make purchases. One very interesting development is that consumers are searching for<br />

products and reviews on social media rather than using traditional search engines as they have<br />

done in the past. This is true for about 25% of consumers in the ages of 18-54. Gen Z consumers find<br />

that the number rises to 36%. This is a big shift in search patterns when it comes to retailing goods.<br />

INTERESTINGLY, almost 40% of young people, when they are looking for a place to have lunch,<br />

are not going to Google Maps or Search but instead going to TikTok or Instagram. Who knew? Up<br />

till now many of us thought those apps were just for idiots posting videos!<br />

AND believe it, TikTok has taken notice of this and recently has been testing new features to drive<br />

search traffic. Younger consumers want more visual responses and that is where traditional search<br />

engines have to step it up. Who cares about the allegations that TikTok transmits our personal data<br />

to the CCP – it will show us where to eat lunch! (What has happened to us?)<br />

WITH the new ChatGPT there have already been over 1 billion monthly visitors and over 100<br />

million active users. Want to stay in business for the next decade, either learn these platforms or<br />

hire someone to run your social media campaigns. It is no longer enough to post a sentence or<br />

two on Twitter or Facebook. If you want remain competitive, it’s your move.<br />

For Late-Breaking Industry News Visit: www.<strong>Retailers</strong><strong>Forum</strong>.com<br />

If It Affects Retailing We Report On It!<br />

Page 14 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


OVER 3,000 RUGS AVAILABLE<br />

Over 30,000 rugs from 10 major rug-producing countries: India, Pakistan,<br />

Iran, Turkey, Nepal, Tibet, Afghanistan, China, Russia and United States.<br />

Geometric Red Kazak<br />

Turkish Rug 1x2<br />

$82...$33<br />

Our Beautiful North Carolina Showroom<br />

ADD RUGS TO YOUR STORE,<br />

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All-Over Floral Red Agra<br />

Indian Rug 2x3<br />

$120...$49<br />

Trellis Area Rug 3x5<br />

$180...$42<br />

Vintage Style Distressed<br />

Heat-Set Area Rugs<br />

$25 – $262<br />

Geometric Kilim<br />

Reversible Area Rug 3x5<br />

$500...$90<br />

Contemporary Indo<br />

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Outdoor/Indoor Floral Modern<br />

Machine Made Belgium<br />

Oriental Area Rug<br />

$24 – $240<br />

www.RugProfits.com<br />

RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 15


Page 16 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

Want More Info? Circle #23 on page 11 • www.Vendor411.com


Want More Info? Circle #23 on page 11 • www.Vendor411.com<br />

RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 17


STYLE IN FASHION INC.<br />

WEST-SIDE DESIGNS<br />

We Carry Winter<br />

Sweaters & Jackets<br />

at Moderate<br />

Prices<br />

MANY STYLES AVAILABLE IN<br />

DASHIKI PRINT<br />

for Men & Women<br />

Imported from<br />

Thailand & India<br />

Tie-Dye, Hawaiian Print,<br />

Solid Acid Wash, Printed Dresses,<br />

Baby Doll Dresses, Blouses,<br />

Skirt Sets, Pant Sets, Skirts, Sundresses,<br />

Umbrella Dresses in Rayon & Cotton<br />

Fabric. We also carry Magic Wrap,<br />

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Tops - all in Regular and Plus Size.<br />

We also carry<br />

Belly Dance & Zumba<br />

outfits in lots of different styles.<br />

321 Olympic Blvd. Los Angeles, CA 90015<br />

Tel: (213) 624-9728<br />

Fax: (213) 624-2115<br />

email: Andy@StyleInFashion.com<br />

View Our Catalog Online or Call for Catalog<br />

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Want More Info? Circle #14 on page 11 • www.Vendor411.com<br />

www.HeavenlySuits.com<br />

FULL COLLECTION OF DESIGNER TOP QUALITY<br />

CHURCH SUITS FOR WOMEN AND MEN<br />

Donna Vinci 1 Pc. Dress Set<br />

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Regular Price: $249.00<br />

Your Price $99.00<br />

Donna Vinci 2 Pc.<br />

Jacket & Skirt Set<br />

5658-N • Black/Print<br />

Special Price $179.00<br />

Skirt Suits • Dresses • Hats • Jackets • Mens & Boys Suits<br />

All Sizes in Stock - 4 Through 34W<br />

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SHIPPING ORDERS WITHIN 24-48 HOURS<br />

CHECK OUT OUR NEW CLEARANCE SECTION!<br />

Want More Info? Circle #03 on page 11 • www.Vendor411.com<br />

Page 18<br />

JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 19


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Page 20<br />

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Page 22 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 23


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Page 24 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 25


FORUM WORKSHOP<br />

forumworkshop<br />

Starting Your Own<br />

Business<br />

STARTING YOUR OWN<br />

Business<br />

A Good Idea<br />

May or May Not Be<br />

a Good Business<br />

There are lots of reasons to start your own<br />

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me the opportunity. He asked if I wanted<br />

to form a partnership with him and turn the<br />

typesetting department of his quick-print shop<br />

into a separate business.<br />

My father had always preached self-employment,<br />

even though he was a well-paid corporate<br />

executive. “Youʼll never get rich working for<br />

someone else,” I remember him saying. At one<br />

time he thought about going into business for<br />

himself. But he had to pay for the lifestyle to<br />

which he and his wife had grown accustomed.<br />

So he remained a loyal corporate employee.<br />

Since I donʼt remember my father ever saying<br />

much more than that, I suppose it took on some<br />

internal importance to me. When the opportunity<br />

arose, I took the risk. Whatever the reason,<br />

and I have heard many, the only real reason<br />

anyone should go into business is to make<br />

money. Nothing else counts – not ego satisfaction,<br />

not making a difference in the world, not<br />

the joy of running your own show – because<br />

when there is no income derived from your<br />

loyal employees, the satisfaction you derive<br />

from a job well done, are by-products of running<br />

a profitable business.<br />

Page 26 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

What Is a<br />

Profitable Business?<br />

What is a “profitable” business?<br />

At the very minimum it is<br />

one that pays its bills, in cash,<br />

and affords the owner a decent<br />

standard of living. Weʼre not talking<br />

yachts, Park Avenue penthouses,<br />

and six month cruises<br />

around the world. Weʼre talking<br />

about food, clothing, shelter,<br />

monthly entertainment, and<br />

enough income so that you never<br />

have to look over your shoulder<br />

in fear of bill collectors. Enough<br />

income so you (and your family, if applicable)<br />

can sleep nights and look forward to what each<br />

day brings.<br />

How much is enough? Later I will talk about<br />

salaries in detail. But for the owner, “enough”<br />

depends on your age, your debts, your expectations,<br />

and where you live. Twenty thousand<br />

dollars buys a lot in Salt Lake City, Utah where<br />

many of the entrepreneurs profiled in this article<br />

conduct business. In New York City, you would<br />

have to have a small apartment and a lot of<br />

roommates on that income.<br />

continued...


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 27


FORUM WORKSHOP<br />

How Much Will<br />

You Need to Make?<br />

✔<br />

Your age, needs and responsibilities<br />

make this a variable<br />

amount. If you are between eighteen<br />

and twenty-five years of age,<br />

and “just starting out,” a small apartment, a<br />

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joint with a date, and money left over for an occasional<br />

movie is probably “enough.” If you are<br />

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some furniture and an automobile. Perhaps you<br />

are a couple and have incurred new expenses,<br />

like a house payment, child care, or medical<br />

forumworkshop<br />

care. You will need more money to “get by.”<br />

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plus a plushy annual<br />

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a bunch of money<br />

for retirement.<br />

In Salt Lake City<br />

thatʼs at least<br />

$30,000 a year<br />

without kids and<br />

$40–50,000 a year<br />

with kids. In New<br />

York City itʼs more<br />

than double that<br />

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Visit Our Informative Website to Learn More<br />

www.AvvoAdvisors.com<br />

Page 28 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

continued..<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 29


forumworkshop<br />

FORUM WORKSHOP<br />

Deduct from that salary figure your estimated<br />

value of “amenities.” Is managing your own<br />

time, working your own hours, taking Monday<br />

off, having a no-smoking office worth something<br />

to you? Probably. Put a dollar amount on that<br />

and subtract it from what you feel you must<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 31


FORUM WORKSHOP<br />

RESEARCH<br />

Business textbooks<br />

contain a lot of<br />

information about<br />

how to do<br />

market research.<br />

Basically, you should survey people and find<br />

out if they want a product or service, how often<br />

they will use it, what they are willing to pay, how<br />

far they will travel to obtain it, etc. The problem<br />

with that type of formal research is twofold:<br />

➀<br />

people donʼt know what they want or<br />

how much they are willing to pay for<br />

something when you survey them;<br />

and<br />

forumworkshop<br />

➁<br />

it is very expensive to do this type of<br />

research. Large companies with large<br />

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it all the time; it doesnʼt always work.<br />

Small businesses rarely do survey research.<br />

Something else happens that takes the place<br />

of a formal study and produces the same, if not<br />

more accurate, information. This is experience.<br />

Of the twenty people Iʼve interviewed (for publishing<br />

magazine articles) who started new<br />

businesses, three started based on a hobby,<br />

four turned a part-time avocation into a full-time<br />

career and business, one stumbled upon the<br />

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two generations.<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 33


FORUM WORKSHOP<br />

WHY DO SO MANY PEOPLE<br />

TURN A JOB INTO SELF-EMPLOYMENT?<br />

forumworkshop<br />

A FEW CASE HISTORIES<br />

The best reason is that they have something<br />

upon which to base a decision. By working for<br />

someone else, you are, in a way, doing market<br />

research. You can see if people come into your<br />

employerʼs place of business, what they buy,<br />

how much they spend. And, most important,<br />

you can hear what they complain about. Then<br />

you can decide if you can do it better and make<br />

money doing it.<br />

Guy Lester, owner of The Ringmaker, a custom<br />

jewelry shop, worked as a manager for Heritage<br />

Keepsake Diamonds. When the company<br />

he worked for declared bankruptcy (Chapter<br />

11) and later sold out, he was offered a new position<br />

with the takeover company. Guy says that<br />

prompted him to start his own company. He decided<br />

he could do a better job for himself. He<br />

and a partner started in a 100-year-old house<br />

as jewelry manufacturers. When a retail location<br />

became available in a new section of a mall<br />

downtown, Lester and partner Paul Chapman<br />

obtained a loan from the eleventh bank they<br />

tried. When the money ran out, the pair spent<br />

nights in sleeping bags on the floor of their new<br />

store to make an inventory. continued..<br />

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Page 34 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 35


FORUM WORKSHOP<br />

What did he do differently than the original<br />

business? Guy specialized in custom-made<br />

jewelry and only had one store. John Felt, the<br />

original owner of Keepsake, had a large inventory<br />

of manufactured pieces, purchased with<br />

bank loans at high interest rates. Furthermore,<br />

“investors” had induced him into opening fifteen<br />

stores based on the success of his first. When<br />

John asked for the cash the investors had<br />

promised, he discovered that the only investment<br />

they had ever planned to make was advice<br />

(which is usually the case.)<br />

Rhett Barney, owner of Frankly My Dear, a designer-label<br />

womenʼs clothing resale shop,<br />

worked for a similar business. He sold womenʼs<br />

clothing for fifteen years before he opened his<br />

own business. He knew his market well and noticed<br />

that women who buy better dresses tend<br />

forumworkshop<br />

to by new items frequently. He concluded that a<br />

lot of fine merchandise was hanging in closets.<br />

So, when he started, he called his former customers<br />

(he had kept a list over the years as do<br />

most professional retail salespeople) and<br />

asked them if they would like to sell their “old”<br />

dresses on consignment. “I went to some of<br />

their homes,” he says, “others brought things to<br />

me: garbage bags full. As the word spread at<br />

social functions and bridge clubs, it snowballed.”<br />

Most of his inventory was less than six<br />

months old.<br />

He also added<br />

market samples to<br />

his line, and he<br />

carried accessories,<br />

both used items and<br />

those produced by<br />

local designers.<br />

continued..<br />

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JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 37


forumworkshop<br />

FORUM WORKSHOP<br />

Barney also put his experience<br />

in visual display<br />

to use in his own<br />

business. Unlike most<br />

resale shops where customers<br />

have to push<br />

garments along bars<br />

and dig for bargains,<br />

Barney artfully draped<br />

Ralph Lauren, Charles<br />

Jourdan, Halston Ultrasuede,<br />

and Argenti<br />

dresses over chairs and<br />

displayed slacks, shirts,<br />

and skirts on clothing<br />

stands. He said a willingness<br />

to put in long<br />

hours overcame an initial<br />

lack of capital.<br />

Judy Harris, owner of Classy Lady, a womenʼs<br />

fashion store, worked for a similar womenʼs<br />

shop that closed. When her employer quit,<br />

Judyʼs husband suggested that she start her<br />

own business. The lease on the mall space<br />

where she had worked was available. So she<br />

took the risk. Only two-thirds of the inventory<br />

she ordered that September for Christmas<br />

sales actually arrived. But she says her first<br />

season was “OK. I had the advantage that this<br />

was a clothing store before, and since itʼs in a<br />

mall location, people just stumbled in.” Five<br />

years later, she had two mall stores. Her clothing<br />

is high fashion, and her prices are directed<br />

toward the medium income woman. She attributes<br />

her success to one-on-one service,<br />

something she learned from her former employer,<br />

she says, and repeat business.<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 39


FORUM WORKSHOP<br />

Judy says her most successful salespeople<br />

help their customers find pieces that coordinate<br />

with previous yearsʼ purchases. She has built<br />

her business on the concept that todayʼs<br />

women are interested in “investment dressing.”<br />

Judy, Rhett, and Guy did the easiest and<br />

cheapest type of market research. They simply<br />

learned by doing. None of them set out to<br />

be self-employed. But they gained certain skills<br />

and used their intelligence to recognize what<br />

their employers were doing to make money –<br />

and what more they could do. They had access<br />

to other information that encouraged them to go<br />

off on their own. They knew how much inventory<br />

costs, appropriate markups for their industries,<br />

where and how to promote their<br />

businesses, how and from whom to buy<br />

supplies or merchandise. They knew for a<br />

Large 5<br />

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Page 40 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

forumworkshop<br />

fact that some people would buy that type<br />

of product at certain prices. There were also<br />

a lot of things they could not know until they<br />

tried it for themselves, which is what this article<br />

is about. Still, what these three people did was<br />

to take a calculated risk.<br />

My experience is similar. I<br />

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quick-print shop as a typesetter.<br />

I had a little background<br />

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he said he thought it would<br />

be a good idea if the typesetting<br />

service became a<br />

separate business so that it<br />

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small printing businesses.<br />

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FORUM WORKSHOP<br />

I had the numbers (monthly income and expenses.)<br />

As part of my job, I kept track of time<br />

and billing. I knew that the typesetting “business,”<br />

with my partnerʼs two print shops as its<br />

only customers, would generate an income I<br />

could live on. In fact, I would get an automatic<br />

$100 raise. That raise would cost me a $7,000<br />

investment – half of our estimated value of the<br />

companyʼs assets. I would be paid back in the<br />

first year, doing the same work I was already<br />

doing. Essentially, I was willing to work for<br />

free for less than one year to have part ownership<br />

in a business.<br />

There are other, more risky ways to start a business.<br />

For instance, if you have a hobby you are<br />

particularly adept at and your friends buy what<br />

you make, you might want to start a business<br />

based on that. Proceed slowly. Before you quit<br />

Page 42 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

forumworkshop<br />

your job, try it parttime.<br />

When your avocation<br />

is producing<br />

as much income as<br />

your full-time job,<br />

then quit your job<br />

and build your business.<br />

While friends<br />

may want to buy<br />

your handicrafts or<br />

photographs, that<br />

does not necessarily<br />

mean that the general public will – that you can<br />

make a living off it. Remember, when you sell a<br />

hobby, you sell your own time, and there are<br />

only twenty-four hours in a day. Your income is<br />

limited by the number of items you can produce<br />

and the hourly rate you charge for each piece.<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 43


FORUM WORKSHOP<br />

For example, a strip of tatted lace takes me<br />

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Marie Cavanaugh started<br />

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to sell at church<br />

fundraisers. The project was<br />

so successful, she and her<br />

husband George spend<br />

much of their time traveling<br />

to neighboring towns in<br />

Page 44 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

forumworkshop<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 45


forumworkshop<br />

FORUM WORKSHOP<br />

Carrie Bissellʼs experience is similar. A flight attendant<br />

at the same time, Carrie had a strong<br />

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students to her basement aerobic classes. As<br />

the aerobic movement caught on and demand<br />

went up, Carrie made the move to a studio, but<br />

kept her flying job so she could afford to pay the<br />

rent no matter what happened. Her message<br />

machine continued to fill classes. Eventually,<br />

she began to take leaves of absence to teach<br />

twelve to fifteen classes a week in advanced<br />

aerobics. When flight delays made it impossible<br />

to get back to Salt Lake for the classes, Carrie<br />

had to make a career decision. She followed<br />

demand and by 1987 employed sixteen instructors<br />

who teach beginning, intermediate, and advanced<br />

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elseʼs time, she has been<br />

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knew that people, lots of<br />

people, were willing to<br />

pay money to learn what<br />

she had to teach.<br />

continued..<br />

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Page 46 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 47


FORUM WORKSHOP<br />

She expanded and finally created a successful<br />

business by finding other people who could<br />

also teach. They make a good salary, and she<br />

makes a handsome income.<br />

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Robert Hale manages one of his parentsʼ<br />

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Page 48 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 49


FORUM WORKSHOP<br />

Iʼve only interviewed one (successful) business<br />

owner in the past two years who ended up in<br />

business by accident. Charlie Hastingsʼ fatherin-law<br />

bought a roll-top desk and asked Charlie<br />

to take it apart and figure out how it was made.<br />

The attempt was futile, but the timing was perfect.<br />

The man who had sold the roll-top wanted<br />

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with what he was doing, Charlie went back to<br />

producing only solid oak desks and marketing<br />

Page 50 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

forumworkshop<br />

them to business people who can afford custom-made,<br />

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Charlieʼs business<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 51


forumworkshop<br />

FORUM WORKSHOP<br />

Candy dipping and clerking in an office supply<br />

store are easier to learn, the supply of available<br />

labor is ample, and the amount of money this<br />

type of worker will expect to earn is lower.<br />

Wood Revival Furniture is successful, according<br />

to the definition at the beginning of this article.<br />

But Mike and Marie have a better chance of<br />

getting rich. Still, whoʼs to say thatʼs important?<br />

Guy falls somewhere in between; he also<br />

makes much of his own product. But he has<br />

been able to attract people who have learned<br />

jewelry making.<br />

The time involved<br />

in making a ring is<br />

days, not months.<br />

The available pool<br />

of willing and capable<br />

labor is ample.<br />

IF YOU CAN’T<br />

MAKE A PROFIT<br />

Which leads to the conclusion of this discussion.<br />

If it wonʼt sell profitably, forget it. Maybe<br />

you can sell your tatted lace trim to friends, but<br />

you wonʼt sell enough to make a living. If you<br />

have to pay $1,000 an ounce for gold, and the<br />

public is only willing to pay $900 for that ounce<br />

turned into a handcrafted work of art, you are<br />

going to lose money. Or, as happened to me, if<br />

your technology becomes outdated, itʼs time to<br />

change your product or get out of business, or<br />

never start it. For Charlie, foreign competition<br />

determined that American-made veneer top<br />

desks (produced at USA wages) would not sell.<br />

continued..<br />

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Page 52 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

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forumworkshop<br />

FORUM WORKSHOP<br />

We live in a world economy to a great extent.<br />

Keep that in<br />

mind when you are<br />

deciding what business<br />

to start. While<br />

Marieʼs Hand-dipped<br />

chocolate is less expensive<br />

than most<br />

imported chocolate,<br />

lots of products and<br />

services can be manufacturers oversees for<br />

less. So if you think you have a wonderful idea<br />

because no one else in your town is doing it,<br />

look again. Maybe lots of others were doing it<br />

and went out of business because of foreign<br />

competition. Or, if they were smart, they did the<br />

“research” you should do (or learn from) and<br />

determined that they could not compete with<br />

foreign-made goods, and never started at all.<br />

How about those one-of-a-kind ideas like the<br />

pet rock, Cabbage Patch dolls, and Frisbees? If<br />

you come up with one of those, youʼll just have<br />

to believe in yourself and the willingness of the<br />

American public to spend money on frivolous,<br />

fun, or unique ideas. Do it first, do it fast,<br />

make your million; and when imports start<br />

to resemble your product, move on to the<br />

next brilliant idea. Of the above, Frisbees are<br />

the only one that has lasted over time. The others<br />

were fads. People can get rich off of fads.<br />

But the person who markets, distributes, and<br />

promotes will make the money – not necessarily<br />

the person who did the inventing. What good<br />

does a pet rock do you if you only sell it to people<br />

in your own town? You have to get it in<br />

every gift shop in the land, all at once, and advertise<br />

it. Just look at the track record.<br />

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Page 54 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 55


forumworkshop<br />

FORUM WORKSHOP<br />

Some people go into business because they<br />

have always wanted to. They sell things they<br />

know nothing about; they have no idea if anyone<br />

will buy what they are trying to sell. Their<br />

prices are too high, more often too low. They<br />

lose interest quickly because they expected it<br />

to be easy; it never is. Starting a business is like<br />

writing a good article: you have to be interested;<br />

you have to know your subject; and you have to<br />

be able to communicate that knowledge and interest<br />

to other people. Keep that in mind as you<br />

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business you<br />

should start.<br />

Money &<br />

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must purchase gold; Charlie, Wood Revival,<br />

needs wood.<br />

continued..<br />

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Page 56 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 57


FORUM WORKSHOP<br />

The only business I can think of that has almost<br />

no start-up cost is panning for gold. All you<br />

need is a pan. But gold panners also make no<br />

money until they find gold dust in the stream.<br />

Even the timber operation that supplies Charlie<br />

with his wood has had to invest in expensive<br />

equipment, hire expensive labor, and plant new<br />

trees for the ones cut down – so there will be<br />

something to harvest in the future.<br />

CAPITAL & CASH FLOW<br />

Managing capital and cash flow is even more<br />

complex for service businesses. In quick printing,<br />

typesetting, and publishing, all of which I<br />

have experience doing, the customer receives<br />

the product or service and pays upon receipt,<br />

or over time. The difference is, in retail the<br />

owner invests capital in an inventory that can<br />

forumworkshop<br />

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With service,<br />

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you. You canʼt put business cards back on the<br />

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any future income, if you repossess business<br />

stationery.<br />

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Page 58 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 59


FORUM WORKSHOP<br />

The loss is total. You canʼt<br />

take ink off paper, or uncut<br />

business cards. And you<br />

canʼt get your time back and<br />

use it to produce a product<br />

for a paying customer.<br />

That is why you need capital. It will come from<br />

somewhere. Business owners who start with<br />

very little money can create working capital by<br />

foregoing a salary. If the business you start<br />

generates enough cash for you to take home a<br />

salary, and you choose not to, in effect you are<br />

investing capital in your business. This sounds<br />

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forumworkshop<br />

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Page 60 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 61


forumworkshop<br />

FORUM WORKSHOP<br />

DON’T RUN YOUR<br />

BUSINESS ON CREDIT<br />

So it goes. If you publish a magazine, you have<br />

to pay photographers, typesetters, printers, perhaps<br />

a mailing service. It doesnʼt matter if those<br />

people are subcontractors or are on your payroll,<br />

those are your expenses. If your customers<br />

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Page 62 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 63


FORUM WORKSHOP<br />

But if you are starting from<br />

scratch, trying to build a<br />

clientele, you will probably<br />

spend more money up<br />

front than you take in. Perhaps<br />

your suppliers will let<br />

you stretch your debts for more than thirty days.<br />

Thatʼs fine as long as you can make the payments.<br />

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Your suppliers are not in business to be your<br />

banker, anymore than you, as a start-up company,<br />

want to be a banker for your customers.<br />

They need cash, too, to pay their suppliers,<br />

their employees, and themselves. Eventually,<br />

they will ask you to “pay up” and if you are still<br />

taking in less cash than it is costing you to produce<br />

your product or service, you will begin to<br />

spend most of your time talking to lawyers instead<br />

of clients.<br />

forumworkshop<br />

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pay yourself. You will know when too much debt<br />

threatens your business, and you will make the<br />

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continued..<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 65


FORUM WORKSHOP<br />

If you are a good manager,<br />

given enough<br />

time (and it may take<br />

years) you will find a<br />

way to generate a<br />

cash flow that will pay<br />

the bills, and you will<br />

make your business<br />

work – assuming your<br />

business is based on<br />

“research” and you<br />

are in a viable business. Finally, if you are a<br />

good manager, and you remain honest and<br />

keep payments current, opportunities will open<br />

for you. Banks will consider making you loans;<br />

investors may find your company an attractive<br />

risk. Thatʼs because they will believe that you<br />

are in business for the long haul, because you<br />

have the ability to make the company succeed.<br />

forumworkshop<br />

MONEY MANAGEMENT<br />

On the other hand, if you are not a good manager,<br />

throwing money into the company will<br />

only hasten its demise. Poor managers tend to<br />

be shortsighted. They want their boats and cars<br />

now. They donʼt make choices based on the<br />

bottom line (income, expenses, and profits) .<br />

They react to problems out of desperation,<br />

rather than calmly handling each situation. And<br />

when things get really bad, they lie and they<br />

hide. Theyʼre never around to answer the<br />

phone when a supplier calls to collect money.<br />

Theyʼre never around to answer their employeesʼ<br />

questions. They get greedy, forget promises,<br />

and start to act as though theyʼre doing<br />

everyone a big favor by providing jobs.<br />

continued..<br />

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Page 66 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 67


FORUM WORKSHOP<br />

They let their emotions take over their brains<br />

and start to make bad choice after bad choice.<br />

They start to ask people to invest money, and<br />

they spend so much time looking for investors<br />

to bail them out that they forget to do their job.<br />

Bad managers donʼt sell anymore, or manage.<br />

They “donʼt have the time.”<br />

Banks and investors loan money to make<br />

money, not to save you. They are not interested<br />

in bailing you out. They are interested in putting<br />

their money to work so that it generates interest,<br />

dividends, or capital gains. If you are going<br />

to throw their capital at old bills, then this probably<br />

wonʼt happen. When you use their capital<br />

to buy supplies or equipment you will use to<br />

produce more or better products or services,<br />

that you can sell to generate more profits, this<br />

becomes an “investment.”<br />

forumworkshop<br />

LENDERS & INVESTORS<br />

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on their<br />

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money at some future time. If you need money<br />

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Page 68 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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forumworkshop<br />

FORUM WORKSHOP<br />

While investors cannot demand<br />

repayment like<br />

lenders, they will ask for<br />

something even more vital<br />

to your business – control.<br />

Investors are interested in future<br />

dividends and capital<br />

gains, which they expect will<br />

be higher than the interest<br />

you would pay a lender. Furthermore,<br />

they will want business.<br />

If you are asking for a<br />

lot of money, expect to give<br />

up a lot of control. This can<br />

work to your advantage or disadvantage. If you<br />

are a good manager, you donʼt need or want<br />

the interference. If you are not, and you pick an<br />

investor who has a proven track record of successfully<br />

running small companies, maybe itʼs<br />

time to relinquish control so<br />

that your business can turn<br />

around and become more<br />

profitable. Base your decision<br />

on how well you know<br />

yourself and how much you<br />

want to trust a stranger. But<br />

if you have sold everything<br />

you own to keep your business<br />

afloat, a clearer head<br />

might not be a bad idea.<br />

Just remember to check the<br />

potential investorʼs background<br />

as carefully as he or<br />

she has checked yours. And put everything in<br />

writing. Even if your investor is a close friend or<br />

relative, it is best to write down your mutual expectations,<br />

responsibilities, and obligations.<br />

continued..<br />

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Page 70<br />

JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 71


FORUM WORKSHOP<br />

Page 72 JULY <strong>2023</strong> |<br />

RAISING CAPITAL<br />

How do you raise capital? Look to yourself first.<br />

Even if you do get a bank loan, youʼre more<br />

likely to find a banker who will lend you money<br />

if you believe in yourself and your business<br />

idea enough to spend your own money. Perhaps<br />

you have some cash saved, or have<br />

come into an inheritance.<br />

I hear lots of people say, “But I canʼt spend that<br />

money. I have to save it for retirement.” True;<br />

but what did you plan to do with that money between<br />

now and when you retire? Invest it, I<br />

hope. If youʼre the type to stuff money in a mattress,<br />

youʼre not the type to run a small business.<br />

If you would buy stocks or mutual funds,<br />

forumworkshop<br />

RETAILERS FORUM MAGAZINE<br />

isnʼt that taking a risk on someone elseʼs management<br />

ability? You bet it is! Why not take the<br />

same (perhaps less) risk on your own ability to<br />

manage.<br />

Professional money managers examine a companyʼs<br />

product, income pattern, and management<br />

ability. You should invest in yourself in the<br />

same way. Thatʼs why so many of the business<br />

people I have<br />

interviewed<br />

based their<br />

businesses<br />

on their own<br />

professional<br />

background.<br />

continued..<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 73


FORUM WORKSHOP<br />

They recognized their own skill, and felt they<br />

could do at least as well as their former employers.<br />

Their former employers paid their salaries;<br />

so those businesses had to do at least well<br />

enough to meet payroll (which must be paid<br />

first; bills are second, but a close second), just<br />

to keep the doors open.<br />

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youʼve always<br />

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e v e r y t h i n g<br />

youʼve ever<br />

e a r n e d .<br />

Youʼre young<br />

and just starting<br />

out and<br />

have never<br />

made an in-<br />

forumworkshop<br />

come to save. Bankers wonʼt even talk with<br />

you. There are other ways. Look first to relatives<br />

– mothers and fathers, for example. Just<br />

tell them you want to take a chance; show them<br />

the same facts and figures you would show a<br />

banker. Put in writing that the money is a gift,<br />

not an investment or a partnership interest (unless<br />

you all agree to do it that way). Then use<br />

that money to keep yourself and your business<br />

alive while you build your cash flow.<br />

Friends may invest in your business.<br />

This gets complicated. If you use this<br />

source for capital, make certain your<br />

friends understand they are taking a risk,<br />

there are no guarantees, and they<br />

donʼt get to run your company.<br />

continued in next issue ...<br />

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Page 74 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 75


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Page 76 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 77


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Page 78 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 79


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 81


The Complete Guide to Making Money at Auctions!<br />

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Page 82 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 83


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Page 84 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 85


Trade<br />

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Page 86 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

Page 86 86<br />

<strong>Retailers</strong> <strong>Forum</strong><br />

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1-800-635-7654 Business Directories<br />

Page<br />

RETAILERS<br />

87<br />

FORUM MAGAZINE | JULY <strong>2023</strong> Page 87


LEGAL<br />

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Page 88 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

Page 88


APPAREL<br />

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Apparel Business Directories<br />

RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 89


USA Closeout Directory<br />

Now, more than ever, it is essential for the success of your merchandising business to<br />

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Order No. 4 -<br />

Closeout Directory - $29.95<br />

Dollar Store<br />

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a s<br />

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Directory of Smoke Shops<br />

Our EXCEL Directory contains over 7,000<br />

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DIRECTORY INCLUDES:<br />

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• Phone Numbers<br />

• Over 60% Have Personal E-Mails<br />

• U.S and Canada<br />

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Independent Sales Rep. Directory<br />

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Order No. SGREP-E Excel emailed to you $499.00<br />

1-800-635-7654<br />

Page 90<br />

Page 90 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE<br />

Business Directories


Imagine<br />

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Business Directories<br />

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www.bizbooks.org<br />

Page 91<br />

RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 91


FORUM PUBLISHING CO.<br />

383 E. Main St. Centerport, N.Y. 11721<br />

T: 631-754-5000<br />

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Credit Card ORDERS: 800/635-7654<br />

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INQUIRIES: 631/754-5000<br />

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Order by phone<br />

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Order by Fax<br />

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Order Online<br />

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Books and Cassette programs are<br />

sold as information only and are<br />

guaranteed as represented in this<br />

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are sold on a non-refundable basis.<br />

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Page 92 JULY <strong>2023</strong> | RETAILERS FORUM MAGAZINE 39 92


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RETAILERS FORUM MAGAZINE | JULY <strong>2023</strong> Page 93


JULY <strong>2023</strong><br />

FORUM PUBLISHING COMPANY<br />

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