Retail Business For The City Girl-jiuyaogan

Business You have just designed the most amazing shoe collection and now you want to share it with the world. You decide the best way to do that is by opening a store, but where? do you want your business to be in a brick and mortar store, or do you think your business would do better online? How your business is run may have an impact on its success and the profits that you are able to make. That is why it is extremely important that you research all of your business decisions before making them. When it .es to deciding if you should open a physical store or an online one, there are a number of important factors that need to be taken into consideration. One of those factors is your local economy. There are some cities where the unemployment rate is high. These are the types of areas where it may be a little difficult for you to open a brick and mortar store. Other factors that should also be analyzed include the .petition and the available .mercial space; are there any affordable spaces available in or around your designated location? What about the traffic in that area? How many people walk or drive past the location? Is there access to public transportation? The best way one can answer these questions is by doing extensive research which also includes speaking to other business owners in the area. In addition to examining opening a brick and mortar store, from a local standpoint, it is also important to consider starting an online business. Just about anyone these days can open an online store because the overhead costs are not as high as that of a brick and mortar store. To have a profitable online store, you need to have an attractive website, especially one that is easy to navigate. You also have to have a product that is easy to sell online and easy to ship to your customers. As with starting a storefront business, the less online .petition you have, the better your chances of being successful are. One of the most appealing factors of having an online store is that your customer base is a lot larger. People from different parts of the world may .e across your site and decide to purchase your products. This of course can have a dramatic impact on your sales as opposed to having a brick and mortar store where your profits rely solely on the foot traffic that walks in. As a first time business owner, you may want to take the time to thoroughly research and examine both options, having an online store or a physical one, or even both. Small business owners should always think of starting small and then gradually expanding their business. This will reduce the likelihood of failure from trying to expand to quickly. Let’s look at some of the pros and cons : Brick and Mortar Store Pros: Customers can touch and try on the products before buying. Customers can pay with cash You meet new people You can see how people react to your products. Cons: Overhead costs-you still have to pay the rent even if you have no business Dealing with difficult customers Dealing with damaged merchandise and theft Large cash investment at startup Not having what your customers want Traffic outside but not in your store Long hours Online Store Pros: Lower overhead costs Customers from all over the world Your business is open 24hrs a day Less Shrinkage You can do just as well as the big boys More exposure Cons: A badly made website can kill your business You have to be careful and watch out for scams, fraud, hackers, etc You have to constantly find creative ways to bring traffic to your site You have more .petition As you can see there are positives and negatives to both options. The key is to always start small, do as much research as possible and then decide what is the most feasible option for you and your business. About the Author: 相关的主题文章: