An investment and entertainment mogul who made his first million by age 26 shares his know-how to masterful deal-making.
Whether in your business or personal life, making deals—from the biggest ones that take months to finalize and involve teams of lawyers to the nominal ones that are sealed with a handshake after a 10-minute chat—is an art. Deal-making is a craft that when done well requires a skillful, visionary and inspired application of key principles and methods to create a desirable end result. When you’ve mastered this art, you will successfully negotiate deals in which all parties involved walk away with a win.
Skin analysis machines can improve sales, customer satisfaction and loyalty—all while making your store a must-visit destination.
Today’s consumers are accustomed to the highest level of customization in their everyday lives, from personalized iPod playlists to build-your-own sandwich shops. They’re also fully enveloped in the wonders of technology and unlimited information access. For the beauty retailer, this means specific recommendations for each customer’s unique skin concerns can make all the difference when a customer is weighing whether to visit your store.
Top beauty retailers offer expert advice on succeeding in a new economic climate.
Amidst news of volatile stock markets, and job and real estate reports arose positive statistics for U.S. retailers in 2011. U.S. retail and food services sales were up 8% July 2011 through September 2011, as compared with the same period the prior year, according to the U.S. Census Bureau. Health and personal-care store sales in particular rose 4.5% in the same time range.
Experts say retailers have the advantage in today’s marketplace. Here’s why.
In recent years, retailers have been confronted by behemoth impacts on the marketplace, namely the global economy and the steep rise of the Technology Age. Both have drastically shifted the customer-retailer relationship as consumers have subsequently led by virtue of their lower budgets and quick grasp of technological advantages, leaving retailers to follow them for the sake of their profits and edge over their competition.
Beauty businesses too must safeguard their computers from the hacker underground.
Beauty retailers that are uneasy about the increasing frequency of unsolved hacker cases can take heart: With a bit of planning, it is possible to significantly reduce vulnerability to a computer break-in via the Internet.
So far, it’s been computer breaches at giant corporations, such as VISA, MasterCard and PayPal—perpetrated by a shadowy group of hackers known as “Anonymous”—that have grabbed most of the headlines.
He’s a former megadistributor and now the owner/president of Mirabella Beauty Products. What else is he doing these days?
Back in October, Beauty Industry West—a trade association serving the cosmetics industry—held its monthly luncheon meeting in Los Angeles. The event was sponsored by the Independent Cosmetic Manufacturers and Distributors trade association, and the speaker that day to nearly 100 people was John Maly, now the owner/president of Mirabella Beauty Products and a second-generation icon in the professional-beauty industry.
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