Open Your Own Store!

So your online shop is doing great business, but you feel like something is missing. It could be that you enjoy being out of the office. Maybe you miss the personal touch. You might not feel like you are a ‘real’ retail business until you have your own store. You will glad to know that opening a store of your own is not that hard to do, but you have to be willing to work hard to get it off the ground.

Whether you make your own products in your garage, or you are a wholesale buyer looking to shift some serious units, having your own store is a great idea. There are many reasons why this is so.



Cabin Fever

If you run a successful online store from a rented office, or maybe even your apartment, you can find that cabin fever sets in. Some people are outdoor people. They just prefer to not be cooped up in a small room for hours at a time. For them, a stall could be the ideal option. They have the freedom to load up a van with stock items and set their stall up in a local market. There, they can oversee sales and interact with customers in the open air. Weather permitting, obviously!

These kind of stores are best suited to those with a relatively small number of items in their inventory. They can take with them their entire stock and attempt to sell it all in one go, and if they don’t, it’s not a big deal. They just load the car up again and head home, ready to try again somewhere else.

Bricks And Mortar

For those businesses that are larger, a physical, permanent store could be a good investment. This kind of store has numerous advantages. One such benefit is that you are stationary and people always know where you are going to be. You can get walk-in traffic comprised of people in the local area who begin to get familiar with the store and want to see what you are about.

Another great thing about a permanent store is that you can store your inventory there securely. No need to go to the efforts of having to load and unload a van full of items and rails every day. If you have any kind of store, you must have a method of enabling people to pay for your products. Some people may want to pay cash; others may need to use an emv terminal. There will probably be room for an office in a permanent store too. All of these things mean you could feel much more involved and connected to your business at all times.



Things To Look For

A few things are of utmost importance when deciding to open a store. One of them is location. You need to do research and plan where your ideal locations are. Find places that make sense to both you and your customers. Always try to be close to a centre of some kind as possible. This could be on a main street, in a town centre, or next to a mall. you need to be visible and accessible or else you may go unnoticed. I cannot stress how important the right location is!

Get in touch with local landlords and enquire as to the rent costs on commercial units. This way you will not be in for a nasty surprise if the rent turns out to be way higher than you budgeted for. Planning is essential if you wish to be a store owner, either on the move or in a more permanent space. Consider these tips and you will be on the right track to financial freedom!

No comments:

Post a Comment

Post Top Ad