Many people would prefer to buy goods or commodities at a store near them rather than go to grocery store in the mall. For some, they can’t afford to buy in bulk, or they buy items in small pieces only, and that’s enough for them to use in a day or they would not take so much time to travel far. And this case, a small convenience store would be a good start up business for you and your neighborhood near you. In planning this type of business, you must learn first the key points to remember, and you should take notes to make it a successful and profitable business too.
Here are some steps that you may use to start this business;
Construct a small space accessible for customers
To start a small convenience store business, think of the right space or location accessible for your valued customers. You can construct it in front of your house if you want to, to avoid rental expenses.
Secure a store in charge
Look for someone or your relatives or family members who will look after your store and be in charge of everything.
Create lists of goods or items to sell
Plan lists of goods to buy from your supplier and make sure that your list down the basic demands of the people.
Look for a trusted supplier
In choosing a supplier make sure that he or she is guaranteed to provide you with standard goods and not rejects.
Decide for a good price
If you already have the items and goods that you purchased from your supplier, then decide for the appropriate price which is your selling price of the certain item.
Be updated with the trends and demands of the people
When you are going to display items in the store make sure that your neighbor or anybody needs it. Don’t buy items which you think that are no longer good for retail
Roll out the capital use to determine the profit earn
For you to determine the profit, separate your profit with the capital you use for this business.
Expand your business
If you think that your business is starting to boom, maybe thinking of expansion is great idea. Adding additional items or needs for the people will make you a one stop shop which will make you different another convenience store. Remember people want to save time from walking from shop to shop, but if you find your store has a lot of choices or items to buy, then you have customers for life.
Even if you just have a convenient store, treating you the customer as a family member or helping with their needs will be appreciated and noticed by them. Most people always prefer a very polite vendor that will cater to their needs, so it will be easy for them to find what they are looking for. Though sometimes a few of them may be impatient because they are in a rush but showing them your polite and kind attitude will convert their mood to happy after they go out from the shop.
Starting a business with small capital use will end successfully if you apply patience and determination to it. For the small business to grow, don’t influence yourself with those fancy things that are not important and don’t deal with bigger expenses that will cause you to lose money and have no more funds to buy goods for your business. Learn to control and manage your money carefully and learning from experts can help you in many ways in making your business grow bigger.