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Richer Retailer - Scaling Retail Stores Past 7 Figures (RETAILMavens)

Explore every episode of Richer Retailer - Scaling Retail Stores Past 7 Figures

Dive into the complete episode list for Richer Retailer - Scaling Retail Stores Past 7 Figures. Each episode is cataloged with detailed descriptions, making it easy to find and explore specific topics. Keep track of all episodes from your favorite podcast and never miss a moment of insightful content.

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Pub. DateTitleDuration
05 Dec 2024#003: Part 2 - The Only Way to Grow Your Store with Ease - 3 Steps to Embrace Change Well00:16:07

Fear and discomfort are natural parts of growth but they don’t have to hold you back. 

In Part 2 of this series, RETAILMavens founder Cathy Donovan Wagner dives into the power of facing fear head-on and embracing discomfort to drive business success.

What You’ll Learn in This Episode

  • How fear can become your biggest bottleneck and how to break through it.
  • Why embracing discomfort is essential for business growth.
  • Practical questions to identify what’s holding you back.

Key Moments

  • [04:01] The messy but real impact of fear on growth.
  • [12:01] Recognizing common fears like rejection, failure, and disapproval.
  • [14:08] A powerful takeaway inspired by Marianne Williamson.

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the community with ambitious store owners in our Richer Retailer Facebook Group

Connect With Us

  • Explore all we have to offer, check out our website today!

Millie Moment

Spend time in that discomfort, face your fears, and watch your business and confidence soar. Happy retailing! Join us next time for Part 3!

05 Dec 2024#007: The #1 Step to Take to Increase Your Profits00:23:00

In this episode of the Richer Retailer Podcast, Cathy reveals the single most impactful and overlooked metric for increasing retail profits: the Initial Markup (IMU). She explains what IMU is, why it’s crucial for retail success, and how to measure and optimize it to ensure your store thrives financially. Cathy also dives into strategies for handling customer pricing objections and balancing profitability with exceptional customer service. 

What You’ll Learn in This Episode:

  • What IMU is and why it’s a key driver of profit in retail.
  • How to calculate your IMU and identify areas for improvement in your pricing strategy.
  • Customer pricing psychology tips to set prices that maximize revenue without alienating your ideal customers.

Key Takeaways:

  • [00:03:10] Increasing your IMU by even a few percentage points can result in significant additional revenue for every transaction.
  • [00:13:22] Pricing for profit is not gouging; it ensures your store can thrive and continue providing excellent customer service.
  • [00:14:15] Focus on serving your "thumb customers" - the top 20% who drive 80% of your sales - and worry less about pleasing every bargain hunter.

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the community with ambitious store owners in our Richer Retailer Facebook Group

Millie Moment Stay true to your pricing strategy despite objections from bargain-hunting customers. By focusing on the customers who value your products and your mission, you can build a profitable and sustainable business! Do what Cadence does - get busy raising that IMU whenever the store is slow!

Remember, you deserve to be a richer retailer. Embrace these strategies, take action, and know that you are absolutely fabulous. You are loved. Happy retailing!

05 Dec 2024#002: Part 1 - The Only Way to Grow Your Store with Ease - 3 Steps to Embrace Change Well00:11:01

If you’ve ever caught yourself thinking, “My store can’t support me,” this is your episode.

In this episode. You’ll learn how to embrace change by rewiring your mindset, tackling Automatic Negative Thoughts to turn doubt into action. 

What You’ll Learn in This Episode

  • Why a growth mindset is essential for retail success.
  • How to identify and replace Automatic Negative Thoughts.
  • The power of the “thought ladder” to transform limiting beliefs.

Key Moments

  • [01:40] Why retail feels harder than ever and what you can control.
  • [04:05] Growth mindset vs. fixed mindset: Which one’s holding you back?
  • [07:29] Using the “thought ladder” to shift from “I can’t” to “I’ve got this!”

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the community with ambitious store owners in our Richer Retailer Facebook Group

Connect With Us

  • Explore all we have to offer, check out our website today!

Millie Moment The key to handling expansion is learning to navigate discomfort with ease. This week, your challenge is to identify your biggest Automatic Negative Thought, your “ANT” and swap it out using the thought ladder. Just take one step up at a time. You’ve got this!

05 Dec 2024#006: Retail Meets Politics - What Store Owners Need to Know00:13:37

Retail and politics, two worlds you might think should never mix, but what if embracing your beliefs could strengthen your business, build deeper customer loyalty, and set your store apart?

In this episode of Richer Retailer, host Cathy Donovan Wagner dives into a topic that sparks both passion and hesitation: the intersection of retail and politics. With her signature blend of energy and wisdom, Cathy explains why the old advice to "never mix business and politics" might no longer hold true in today’s retail landscape.

What You’ll Learn in This Episode:

  • How sharing your beliefs can deepen customer connections.
  • Ways to turn cultural events into memorable customer experiences.
  • Why embracing authenticity boosts your brand and relationships.

Key Moments

  • [06:25] Cathy’s personal story: Overcoming hesitation.
  • [10:10] Creative ways to tie cultural events into your store experience.
  • [12:13] Building community by standing for your values and connecting authentically.

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the Retail Mavens community at retailmavensfb.com to brainstorm ideas and gain support from fellow retailers. 

Connect With Us

  • Explore all we have to offer, check out our website today!

Remember, your authenticity is your superpower. It’s what sets your store apart. Happy retailing!

05 Dec 2024#005: Need Sales Now? Try This Proven Strategy00:12:01

Ever feel like you're spinning your wheels, trying everything to boost sales but nothing seems to work? 

In this episode, retail expert Cathy Donovan Wagner shares a guaranteed solution that transformed one desperate retailer's sales by $30,000 in just one week. From mindset shifts to actionable strategies, Cathy will guide you, step-by-step, on how to provide exceptional customer service and turn your top customers into loyal, raving fans.

If you're ready to overcome your fears, embrace your CEO mindset, and deliver personalized, high-impact service that sets your store apart - hit play now!

What You’ll Learn in This Episode
  • Why your mindset might be blocking your sales success and how to fix it.
  • The five steps to leverage your top customers for a significant sales boost.
  • The secret to delivering exceptional customer service that no competitor can match.

Key Moments

  • [02:33] The step-by-step guide to engaging your top 100 customers.
  • [06:31] Overcoming mindset challenges and embracing your role as CEO.
  • [10:12] How one retailer made $30,000 in a week with this strategy.

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the community with ambitious store owners in our Richer Retailer Facebook Group

Connect With Us

  • Explore all we have to offer, check out our website today!

Remember, you have the power to create a retail business that not only thrives but also makes a lasting impact, one intentional step at a time. You've got this!

05 Dec 2024#004: Part 3 - The Only Way to Grow Your Store with Ease - 3 Steps to Embrace Change Well00:07:45

Feelings are important, but they shouldn’t be in control. 

In this episode, we’ll tackle the balance between emotions and execution, helping you take charge of your business journey. 

Embrace your emotions, but don’t let them steer your business. Learn how to separate feelings from actions, stay goal-focused, and celebrate your wins along the way.

What You’ll Learn in This Episode

  • How to separate emotions from actions to stay on track.
  • The importance of balancing goal setting with self-care.
  • Why celebrating wins (big & small), like a “Millie Moment,” keeps you motivated.

Key Moments

  • [02:36] The flower reminder: A story of emotions vs. goals.
  • [04:18] Unhooking emotions from your execution process.
  • [06:18] A client’s “Millie Moment” that exemplifies success.

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the community with ambitious store owners in our Richer Retailer Facebook Group

Connect With Us

  • Explore all we have to offer, check out our website today!

Your feelings are part of the journey, but they aren’t the drivers. Keep your hands on the wheel, celebrate your wins, and watch your store grow with ease. 

05 Dec 2024#001: It's Me. Hi00:15:12

From sleepless nights to thriving success, retail expert Cathy Donovan Wagner shares her journey from an accidental retailer to a richer retailer. If you’ve ever struggled with inventory, cash flow, or sleepless nights, you’re not alone! In this episode, Cathy reveals the pivotal moments, tough lessons, and proven scientific retail strategies that transformed her retail business and how they can help you align your store with your life, profits, and dreams.

What You’ll Learn in This Episode

  • The power of knowing your numbers and managing inventory effectively.
  • How hiring a coach changed Cathy’s business growth forever.
  • Why your store should serve your life, not the other way around.

Key Moments

  • [01:30] Cathy’s journey from an accidental retailer to a richer retailer.
  • [08:20] How retail coaching brought Cathy direction and growth.
  • [10:55] Cathy’s mission to empower women retailers like you.

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the community with ambitious store owners in our Richer Retailer Facebook Group

Connect With Us

  • Explore all we have to offer, check out our website today!

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