Tella

Great people and great conversation with our friends at Cannabis Talk 101 discussing the effectiveness of in-store digital marketing execution and the importance of quality business intelligence for cannabis dispensary operators and brands. Listen to the full episode here: http://ow.ly/7Bf550Jog6t

Tella Tuesday is here with a fundamental questions. Are you tapping into the right cannabis categories? ⬇️ Understanding category trends in the cannabis market can make or break your business strategy. By analyzing sales and invoice volumes, you can identify which categories are gaining traction and which are fading. It's not just about what’s selling—it's about seeing the bigger picture of what consumers are gravitating toward. 💡Tracking these trends allows you to align your offerings with market demand, ensuring you stay ahead of the curve in a competitive industry. - - - - - For more info on our Market Intelligence, contact me or Tella #CannabisMarket #EdiblesTrend #BusinessInsights #MontanaCannabis #TellaTuesday #RetailStrategy

How did we boost margins by 20% and increase sales by 7% for our cannabis retailer clients without ANY new promotions? ⬇️ While promotions can be effective, did you know that 20-50% of promotions generate no lift in sales or, worse, have a negative impact? This data from the Boston Consulting Group is even more pronounced in the cannabis industry. link:https://lnkd.in/dQrFbbKu We've developed a straightforward method to monitor promotions in under 50 seconds, enabling you to remove ineffective promos, optimize your strategies, and track key KPIs like daily sales, quantity, basket size, and basket penetration. In the dynamic world of cannabis retail, the real game-changer isn't just running more promotions—it's running smarter promotions. By leveraging data-driven insights, you can make every promotional dollar count, ensuring sustainable growth and profitability. - - - - - - - - - Want to learn more? Send me a DM or contact Tella. #TellaTuesday #CannabisRetail #DataDriven #SalesGrowth #PromotionOptimization

Tella Tuesday is here with a game-changer: The Price Index Tool for the Cannabis Industry! ⬇️ ❓Why a price index is essential to your business strategy? Simple: it’s your compass in a competitive market. With our new Price Index tool, dispensaries can see exactly how their prices stack up against competitors. Are you pricing too high and losing potential customers? Or too low, sacrificing crucial revenue and profit margins? 🔑 Key is balance, and that’s what we provide—clear insights into optimal pricing at the city and county level. Beyond just current snapshots, our tool reveals trends, showing how your price index shifts over time, helping you adapt to changes in the market landscape. 💡 Staying informed on pricing trends keeps you one step ahead, ensuring both competitiveness and profitability. - - - - If you’re a cannabis dispensary looking to leverage market data and gain a competitive edge, feel free to contact me or Tella #TellaTuesday #CannabisIndustry #PriceIndex #BusinessInsights #CompetitivePricing #DataDriven

Tella Tuesday is back with insights on leveraging demographic data! 🔍 How can demographic data power up your strategy? ⬇️ Demographic insights are crucial for understanding spending habits. Take Montana, for example—our dashboard snapshot shows most dispensaries are located in high- and middle-income areas. ❓ But are they fully capitalizing on this? ❓ Is the assortment tailored to each area’s demographics? ❓ How does product demand shift between neighborhoods? These are essential for achieving operational efficiency and boosting sales. 💡The real advantage lies in asking the right questions—using data not just to observe but to inform decisions that directly impact profitability and customer satisfaction. - - - - If you’re a cannabis dispensary looking to leverage market data and gain a competitive edge, feel free to contact me or Tella! #TellaTuesday #DataDriven #BusinessIntelligence #Demographics #RetailInsights #OperationalExcellence

Tella Tuesday with a bang! How did we help a cannabis retailer achieve a 218% Return on Investment (ROI)? ⬇️ Our client used to spend significant time on manual tasks: 👉2 hours daily finding competitor pricing (business analyst) 👉2 hours daily managing discounts (reviewing menus and updating data) 👉5 hours per week to identify new brands and products(merchandising manager) 💸This amounted to a total of 35 hours per week at $35 average per hour—costing $875 weekly and $3,500 monthly. By using our platform, they could instantly spot competitor products, discounts, and emerging brands. The market solution costs only $1,100 per month, which resulted in monthly savings of $2,400—freeing up resources for other operations and creating incremental growth. 💰This efficiency translated into a 218% ROI, purely from operational savings. 💡Our platform makes the difference in driving cannabis retail success through intelligent data-driven solutions. - - - - - - If you’re a cannabis dispensary looking to leverage market data and gain a competitive edge, feel free to contact me or Tella #CannabisRetail #ROI #DataEfficiency #OperationalExcellence #TellaTuesday #BusinessIntelligence

Tella Tuesday is here again! Today, we’re diving into how to leverage market data to drive actionable insights and strategic decisions! ⬇️ In our featured screenshot, we’re showcasing the detailed product assortment from a selected cannabis dispensary store using our dynamic slicer. This snapshot gives you a full view of what’s happening at the store level—helping you dissect your competitor's assortment and spot valuable trends. It's important to not just view this data at face value, but to dig deeper. What are the most discounted products? Are these discounts driving more traffic? How do pricing and promotions differ by brand or product category? These insights are key to shaping your pricing strategy, optimizing product offerings, and adjusting your marketing tactics. 💡 Leveraging market data to understand competitor behavior is the key to not just reacting to market changes, but proactively driving your business strategy. Staying on top of trends enables you to tailor your offerings, increase customer satisfaction, and maintain a competitive advantage in a dynamic marketplace. --- If you’re a cannabis dispensary looking to leverage market data and gain a competitive edge, feel free to contact me or Tella! #TellaTuesday #MarketData #BusinessAnalysis #CannabisIndustry #CompetitiveAdvantage #DataDriven #AssortmentAnalysis #PricingStrategy

It's not a Tuesday without our Tella Tuesday! Let’s dive this week into the evolving vape market within Montana's cannabis industry! ⬇️ We're seeing an uptick in the number of vape products per store, all while the variety of brands remains steady. This brings more options for customers, with the median price holding stable. ✨ Additionally, we're tracking shifts in consumer preference—many stores are moving from economic vape products toward standard and premium offerings! Another trend worth noting is the rise in discounts, with 3.8% of all vape products currently being discounted. 💡 These insights reveal that the market is maturing, offering more refined choices at competitive prices. Are you noticing similar trends in your market? -- If you’re a cannabis dispensary looking to leverage market data and gain a competitive edge, feel free to contact me or Tella! #CannabisData #MontanaMarket #VapeTrends #MarketAnalysis #TellaTuesday #BusinessInsights

Tella Tuesday is here again! How do you ensure you're offering the products your customers want? ⬇️ Customers have preferences, and the key to success is understanding and learning from their feedback. By analyzing thousands of products and collecting customer reviews, we’re not just tracking data – we’re capturing insights. Product ratings, brand reviews, and overall category performance tell us which items truly resonate with your audience. ✨ As a store, focusing on high-rated products ensures you’re meeting customer expectations and enhancing their shopping experience. 💡 Never underestimate the power of informed decisions—knowledge is power! - - - - - If you’re a cannabis dispensary looking to leverage market data and gain a competitive edge, feel free to contact me or Tella! #TellaTuesday #DataDriven #RetailSuccess #CustomerFeedback #MarketIntelligence #Analytics

Tella Tuesday is here again! We all know that knowledge is power, but the real game-changer is knowing how to apply that knowledge effectively. ⬇️ Today, we’re showcasing one of our powerful solutions: ⭐ Top-Rated Store Insights.  With this tool, you can access critical information about e-commerce stores, including their ratings, product count, and detailed category assortment. ❓ How can you leverage this data for your advantage? 1️⃣ Mirror the best Identify top-performing stores, analyze their product mix, and adopt their strategies to boost your own success. What are they doing right in terms of assortment and inventory? 2️⃣ Spot competitor gaps Pinpoint the competition near you and see where they’re lacking. Do they have limited assortments in certain categories? That’s your chance to step in and dominate! 💡 Maximize your strategy, stay ahead of the curve, and transform data into actionable insights. ------- If you’re a cannabis dispensary looking to leverage market data and gain a competitive edge, feel free to contact me or Tella! #TellaTuesday #CompetitiveAdvantage #DataDrivenStrategy #CannabisBusiness #BusinessGrowth