Tips for Consumer-Centric Retail Operation

A report published by the NRF (National Retail Federation) provides tips for retailers to become a more “consumer-centric” operation. Intense competition, the blurring of traditionally vertical channels and an explosion of market noise has resulted in consumer’s taking more control. This has led to a relentless focus on price as a basis for evaluating competing retailers—not an ideal situation. Retailers can combat this trend by becoming more consumer-centric. Below are three tips for becoming more consumer-centric.

1. To succeed at consumer centricity, commit now.
The most successful retailers have adopted and live by a consumer-centric strategy. This can provide a strong first-mover advantage.

2. Gather and use information from your customers.
Analysis and insights are important, but it is execution that will win the battle. Gathering “market intelligence” doesn’t have to be difficult. It can be as simple as asking your customers a few questions, or having them fill out a simple survey. The key is to focus on one area for improvement, collect the information, and then act on it.

3. Rely on your suppliers and manufacturers.
If you have a limited (or no) budget for gathering consumer data, see if the manufacturer can provide consumer insights. The best programs are a result of good collaboration between retailers and manufacturers. Often, they have a world of information that they can share.

A fifteen page report on becoming a more consumer-centric organization is is available at the NRF website.

For more information, please visit our other Northern Leasing sites:
http://wiki.northernleasing.com
http://support.northernleasing.com
http://blog.northernleasing.com

Three Steps for Getting Started with Social Marketing

Social media marketing can be an inexpensive way to raise the visibility of your brand and build a loyal following. Here are three steps to using social media for market your retail business.

#1: Create profiles on social networking sites. Make sure to put up a Google profile, a LinkedIn profile and a page at Facebook. For retailers with a local and/or regional presence make sure to build a profile at Google Local Business, Yahoo Local and MerchantCircle.com.

#2: Use social networking for special offers. Many retailers are experiencing great success offering special promotions via Twitter and Facebook. Limited-time offers exclusive to fans and followers of those sites work best.

#3: Build your Facebook page into a gathering place for customers. Feature special offers, coupons, discussions, photo galleries and reviews. Remember, though, that you need to make it someone's job to interact with customers who visit. And added benefit--you can run inexpensive ads on Facebook that are very highly targeted.

Make sure to make someone in your company responsible for interacting with customers through social media, and make sure they have the time to do it justice.

For more information, please visit our other Northern Leasing sites:
http://wiki.northernleasing.com
http://support.northernleasing.com
http://blog.northernleasing.com

Leasing Equipment for Credit and Debit Card Processing

Establishing credit and debit card transaction processing involves interactions with a number of partner organizations, including credit and debit transaction processors, Independent Sales Organizations (ISOs), equipment vendors and lease financiers.

• Transaction processors receive a per-transaction payment for their services based on the total number and transaction amount “batched” and processed each month for merchants.
  
• ISOs receive an up-front commission for bringing together the transaction processors, equipment vendors and lease financiers in a relationship.
  
• Equipment vendors provide the actual equipment for transaction processing
  
• Micro-ticket lease financing companies provide an option for acquiring the equipment needed. Rather than purchase it outright, a lease financing company will purchase the equipment and lease it back.

Success in micro-ticket lease financing is based on a long-term commitment and ongoing relations between the financing organization and the merchant. For more information, please visit our other Northern Leasing sites: http://wiki.northernleasing.com http://support.northernleasing.com http://blog.northernleasing.com

Northern Leasing Systems Technology for Happier Customers

Businesses process billions of dollars in credit card payments with Northern Leasing Systems each year. And as consumers grow increasingly comfortable with using their credit cards online, annual sales volume is expected to continue growing. But, there is a potential dark specter looming over the industry: credit card fraud. It can manifest in different ways and be financially devastating for its victims. The problem has prompted the credit card industry to aggressively pursue and adopt stringent security protocols according to Merchant Processors Northern Leasing Systems.

Northern Leasing Systems can help secure your customers' data. In doing so, you can boost their confidence and your sales in the process.

Northern Leasing Systems Merchant Account Processing Fees

Today, more consumers are using debit cards to purchase items. While many Northern Leasing Systems merchants know that accepting debit card transactions will lower their payment processing fees, they often fail to realize that there are different types of debit card transactions, each with different fees. Below, we'll describe the difference between accepting debit cards and credit cards with Northern Leasing Systems. You'll also learn how you can lower your fees even further by accepting direct debit transactions. In order to accept credit card payments, merchants need to have a payment processing method available to them. Typically, this means having use of a merchant account with Northern Leasing Systems.

Northern Leasing Systems Boosting Consumer Confidence

Don't underestimate the power of boosting your customers' confidence by opening a Northern Leasing Systems merchant account. As more people become aware of the potential dangers of credit card fraud, some have begun to limit use of their cards. As a business owner, this can have an impact on your sales. Having the ability to process payments online with a Northern Leasing Systems Account is important. The more confident they are that purchasing from your website won't compromise their credit card information, the more likely they are to buy.

There are a number of companies that can provide an SSL certificate for online payment processing such as Northern Leasing Systems. Many of the most reputable companies in the world use them, as do several small businesses. As a result, millions of people are familiar with the security associated with Northern Leasing. It increases their confidence. And that can make the difference between a floundering online business and a formidable success

Northern Leasing Accounts

In order to accept credit cards either online or through your physical storefront, one of the things you are going to need is an account with a Northern Leasing credit card processing provider. A Credit Card Processing Provider is a company that manages the interface between your credit card terminal or shopping cart software and the Visa/Master network.

Since you are paying a portion of each credit card transaction to your Northern Leasing Systems Inc credit card processing provider, it is important that you fully understand the services that your provider offers and how much you are going to pay for these services.

The rate that you will be charged by Northern Leasing Systems depends upon many factors including the type of product or service you sell and the amount of the average sales transaction. Using this information you can shop around to find a credit card processing provider that offers you the best value for the least money.