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Actual for You - Opening a Dollar Store - Watch Out for Store Traffic Changes!
Plastic fundraising cards are proving to be very effective with many different types of businesses and organizations. These wallet-sized wonders are being created as a tool to raise money for charitable organizations, in addition to the flexibility of producing cards for gift, loyalty and membership marketing purposes.Plastic fundr
Have any direct competitors entered into your close proximity? Who are they? (Investigate the company to understand their business strategies.) Are they a one-dollar-price-point store, a dollar-price-point store, a deep discounter, or other competitor? How many square feet of sales a
When you own a small business and have never owned a business before then it would be understandable if you needed some bankruptcy help. There is nothing to be ashamed of, you may not know which section of bankruptcy to file for and we can help you. One of the first questions to be answered is your business a partnership or a sole proprie
Make it a practice to routinely examine the different components of your business. For example examining traffic and surrounding area demographics on a routine basis is important after opening a dollar store.
Have there been significant changes in traffic flow into the store, flows on main streets and into the parking lot? Are traffic counts on major thoroughfares that surround your business the same or higher? Is there still the same easy access in and out of the area around your store? Have parking space numbers changed? Is it still easy for your customers to find parking that allows them to quickly run in and purchase a needed item? These are all important after opening a dollar store.
How about tenant businesses in the immediate area? Have there been any significant changes especially with surrounding anchor businesses? Do the surrounding businesses remain complementary to your store? Have new and different businesses been added? Are there products that you need to add to better accommodate those new businesses? Are products that you have been selling now being sold by a competitor? These too are important questions to ask on a routine basis after opening a dollar store.
Have any direct competitors entered into your close proximity? Who are they? (Investigate the company to understand their business strategies.) Are they a one-dollar-price-point store, a dollar-price-point store, a deep discounter, or other competitor? How many square feet of sales ar
Remember when we last talked about sustainable marketing we looked at how PlanetArk and the Direct Marketing Association in the UK are publicising the message of sustainability. And we also noted the conflict of interest that arises with direct mail.Now I'd like to look at how stationery and how you use it affects
Have there been significant changes in traffic flow into the store, flows on main streets and into the parking lot? Are traffic counts on major thoroughfares that surround your business the same or higher? Is there still the same easy access in and out of the area around your store? Have parking space numbers changed? Is it still easy for your customers to find parking that allows them to quickly run in and purchase a needed item? These are all important after opening a dollar store.
How about tenant businesses in the immediate area? Have there been any significant changes especially with surrounding anchor businesses? Do the surrounding businesses remain complementary to your store? Have new and different businesses been added? Are there products that you need to add to better accommodate those new businesses? Are products that you have been selling now being sold by a competitor? These too are important questions to ask on a routine basis after opening a dollar store.
Have any direct competitors entered into your close proximity? Who are they? (Investigate the company to understand their business strategies.) Are they a one-dollar-price-point store, a dollar-price-point store, a deep discounter, or other competitor? How many square feet of sales a
Are you TIRED of Setting GOALS and NOT achieving them?You are not alone! In fact, only 5% of the population even has goals and fewer than that actually put pen to paper and write them down! So, kudos to you for even having the guts to write them in your journal!My intention is NOT to get caught up in explaining the ‘why’ or
How about tenant businesses in the immediate area? Have there been any significant changes especially with surrounding anchor businesses? Do the surrounding businesses remain complementary to your store? Have new and different businesses been added? Are there products that you need to add to better accommodate those new businesses? Are products that you have been selling now being sold by a competitor? These too are important questions to ask on a routine basis after opening a dollar store.
Have any direct competitors entered into your close proximity? Who are they? (Investigate the company to understand their business strategies.) Are they a one-dollar-price-point store, a dollar-price-point store, a deep discounter, or other competitor? How many square feet of sales a
Restaurants that serve just about any type of beverage can usually benefit from beverage costing, but restaurants that serve alcoholic beverages are the best candidates for beverage costing analysis for increased profitability.Beverages are one of the easier ways to maximize profits for your restaurant due to the lower costs and fa
Have any direct competitors entered into your close proximity? Who are they? (Investigate the company to understand their business strategies.) Are they a one-dollar-price-point store, a dollar-price-point store, a deep discounter, or other competitor? How many square feet of sales a
Within a six year period Sir Christopher Bland managed to turn around the fortunes of a then ailing BT into a possible global player in the telecoms arena. His applause during the presentation of the latest figures is well deserved. He truly took a dead government department and pushed it into a new age business.So what happened to
Have any direct competitors entered into your close proximity? Who are they? (Investigate the company to understand their business strategies.) Are they a one-dollar-price-point store, a dollar-price-point store, a deep discounter, or other competitor? How many square feet of sales area do they have in their store? What are their strengths and weaknesses? How can you keep their strengths from impacting your business? How can you capitalize on their weaknesses to further build your business? Knowing about and thoroughly understanding competitors is key to long term success after opening a dollar store.
After opening a dollar store it is important to know if there have there been major changes within your store’s drawing area. Are there more residential properties in the surrounding area? Have residential areas been traded for commercial areas? Has the make-up of your immediate customer base changed in any way?
Invest the time to really collect sound data about all of the pertinent traffic and demographics questions for your location. Carefully analyze that data for changes since opening your dollar store. Use that data to make adjustments to your business operation. To Your Dollar Store Success!
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