Bringing Business to Retail

Salena Knight | Retail & Ecommerce Growth Strategist

Want a business that fills your soul AND your bank account? Retail Strategist Salena Knight, shares information, inspiration and interviews with business leaders, to help you create a more profitable, sustainable and dynamic retail or eCommerce business.

  1. Why Not Raising Your Prices is the Riskiest Thing You Can Do Right Now

    14 APR

    Why Not Raising Your Prices is the Riskiest Thing You Can Do Right Now

    I recently stopped at a fuel station to fill up my car - something I don't do very often - and watched the bowser tick past $90, $100, $110, $120. I was genuinely waiting for fuel to come gushing out because surely it had to be broken. It wasn't broken. And that moment is exactly what this episode is about. Rising costs are hitting every part of retail and e-commerce - freight, fuel, wages, rent, suppliers. But what I'm seeing over and over again is store owners absorbing those costs out of their own pocket instead of adjusting their prices. In this episode, I'm getting into why that has to stop, and what you need to do before the damage becomes irreversible.   Key Topics Why every step of your supply chain is getting more expensive - and why economists are saying this will be felt for at least 12 to 18 months The time lag effect: stock ordered today may not sell for months, but the costs are locked in now The two pricing mistakes store owners make - and why the second one is the most dangerous Why the customers you lose when you raise prices are rarely the ones worth keeping How to raise prices with confidence, without apologising or over-explaining   Key Takeaways Rising costs must be reflected in your pricing Review your margins now, not at the end of the financial year Pricing decisions should be based on data, not fear A profitable business is a better business - for you, your team and your customers   Enrol in the Marketing That Works Bootcamp.

    25 min
  2. How to Stay Profitable in a Retail Store (When Costs Are Rising)

    8 APR

    How to Stay Profitable in a Retail Store (When Costs Are Rising)

    My guest today is Teresa Olson, founder of Olson House in Milwaukee, a beautifully curated store known for Scandinavian-inspired homewares, design-led products, and now a growing vintage collection. But her story does not begin in retail showrooms and brand catalogues. It starts in a Kmart, moves through a record store, a speech communications degree, DJing, interior design, corporate office life, and eventually a leap into opening her own store in 2015. In this conversation, Teresa shares how she built Olson House with intention, how she sourced directly from Scandinavia, what she learned from navigating freight and tariffs, and how a vintage pivot helped drive a 90 percent jump in online sales. This is one of those episodes that is full of heart, but also packed with quiet commercial wisdom. In this episode, we cover: Teresa's unconventional journey from record stores to retail founder Why she left corporate life and retrained as an interior designer How a trip to Scandinavia shaped the Olson House brand What independent retailers can learn from sourcing with intention The hard realities of tariffs, freight, and small-space inventory decisions How vintage became a strategic pivot, not just a passion project What drove a 90 percent increase in online sales Why Google Shopping ads worked better than broad awareness marketing How Teresa uses email segmentation and VIP offers to increase conversions What local retailers can do when external factors hit foot traffic Why nimbleness matters more than ever in today's retail environment You can explore her store online at Olson House.

    40 min
  3. 24 MAR

    How to Charge Double for Paper Plates (And Have Customers Thank You)

    What makes someone pay more for the same product? That question sits at the heart of this episode. In this wide-ranging conversation, Salena and Matt dive into what separates a premium brand from a commodity business, why experience matters just as much as the product, and how smart retailers use positioning to make price feel justified. They also explore something most people avoid talking about: the emotional baggage around money. Especially for founders who grew up believing rich people were greedy, charging more can feel uncomfortable, even when the business and the customer experience support it. This episode covers: Why customer experience is your real competitive edge How price anchoring changes the way people perceive value Why premium brands performed better when consumer spending tightened What retailers can learn from Apple's in-store experience How to hire people who buy into the brand, not just the paycheck Why your team does not need to think like a founder How mission makes it easier for staff to stay engaged Why making more money gives you more choices and more impact Key Takeaways Customers do not buy features first. They buy solutions in their own language. The same product can command a higher price when the buying experience is easier, faster, or more complete. Price anchoring works because the first number customers see becomes their mental benchmark. Premium does not mean luxury. It means there is a clear reason your offer is worth more. Founders need teams who align with the vision, not clones who think exactly like them. Hiring for culture and values matters just as much as skill in many roles. Money without mission feels hollow. Mission without money struggles to survive. ---- This episode originally aired as a guest conversation on The eCommerce Podcast with Matt Edmundson. Matt asks sharp questions, cuts through fluff, and brings on guests who actually know what they're talking about. You can check out his show here: https://www.ecommerce-podcast.com/

    53 min
  4. 19 MAR

    Why So Many Retail Businesses Grow Broke

    Most business owners do not fail because they are bad at business. They fail because no one taught them how money actually works inside a growing retail or ecommerce brand. In this episode, Salena unpacks the real financial blind spots that hold founders back, including inventory sitting on shelves as trapped cash, contribution margin mistakes, hidden fulfillment costs, and the dangers of building your business around your own money bias instead of your customer's values. This is an honest conversation about cash flow, financial clarity, and the difference between looking profitable and actually being profitable. In this episode, you'll learn: Why cash flow is one of the biggest blind spots in retail and ecommerce The simple way to think about business finance without getting lost in accounting jargon Why inventory is not just stock, it is cash sitting on your shelves How businesses can grow revenue and still end up broke What contribution margin really reveals about the health of your business The hidden costs that distort your real profit per order Why convenience can be a powerful profit lever How founders project their own money beliefs onto customers without realizing it Why luxury customers respond differently to pricing and promotions The first question Salena asks every client before strategy even begins Key takeaway: Before you fix the numbers, you have to understand what you actually want the business to do for you. ---- This episode originally aired as a guest conversation on The Unofficial Shopify Podcast with Kurt Elster. Kurt asks sharp questions, cuts through fluff, and brings on guests who actually know what they're talking about. You can check out his show here: unofficialshopifypodcast.com

    25 min
4.3
out of 5
17 Ratings

About

Want a business that fills your soul AND your bank account? Retail Strategist Salena Knight, shares information, inspiration and interviews with business leaders, to help you create a more profitable, sustainable and dynamic retail or eCommerce business.

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