Wholesale prices are rising which means business owners and consumers need to pivot. You can shop for what you want and need while staying within your budget. You’ve just got to get creative. If your local Publix is too pricey, join a warehouse club like BJ’s, Sam’s Club or Costco. You may think that shopping at a store that sells Ramen in 100-packs is an overkill, yet the deals you’ll find there cannot be denied.
Stop by your local farmers’ market and you may find a better price on fruits and vegetables. Buying canned or frozen fruits and vegetables can be a big money saver as well. Consider joining an ugly produce club like Misfits. Misfits sources imperfect or surplus groceries and sells them at a discount to subscription members.
If you’re a meat lover, your local butcher should be your go-to for meats. They can recommend less expensive cuts like flank steak or skirt steak instead of prime rib to help save you money. If you don’t have a local butcher, make smart choices when at the grocery store. Purchase a whole chicken instead of boneless, skinless chicken breast. Or select the meat that’s on special and try something new for dinner. Whatever you do, don’t stress about prices- pivot.
Business owners can use creative pricing to keep consumer spending consistent at a time when wholesale prices are rising. Don’t raise your prices drastically right off the bat. Increase prices gradually. Offer different price points for an item in various quantities, shoppers love choices. Of course, BOGOs are always a big hit. When it comes to pricing, think strategically but also prioritize customer loyalty. The way you treat them now will make a huge difference in your bottom line going forward.