Are you dreaming of having your own retail store? Here are some tips to first-time retailers and things you need to know when starting a retail business.
How much will it cost you to start the retail store of your dreams? Getting this number right can help you gauge whether you can really afford to start and successfully run a retail store.
How often does your customer need to buy your products? Do they need it only once, never to buy again, or will they buy it again and again? Check if your products have repetitive value.
If small retailers want to succeed, they need to manage inventories better. Using the example of the recession, learn how to handle inventories
It’s tough to get customers to your store — and tougher still to make them to return again and again. Learn how your retail store can wow your customers.
Developing the idea and creating the product are the first steps. The next question to ask then is: How do you earn from a product that you developed or created?
If you have a passion, then plan carefully and execute your plan smartly, there’s no better time to get into the retail business.
If you’re like most independent retailers, inventory represents your single largest investment. Carrying inventory not only ties up cash that could be held for other purposes, but also creates costs of its own. Learn some of the retail inventory carrying costs
Are you thinking about opening a store for business? Here are some things to consider if you are planning about opening a store.
Independent retailers are now finding it hard to carry inventory, only to mark it down later. Learn how to sell a sense of urgency in your retail store.