2006-07-19 18:47:48 · 8 answers · asked by midas 2 in Local Businesses ➔ India ➔ Other - India
Since you asked for one, the one could be:
Continuously compare and match your business with your competition in the vicinity and always offer one prominent feature extra in customer care and service And keep changing this feature periodically with novel ideas and things on continuous basis.
Your creativity would win you plentiful business on regular basis.
All the best in your proposed retailing venture.
2006-07-19 21:58:09 · answer #1 · answered by helpaneed 7 · 1⤊ 2⤋
1.Retailing business , unlike other businesses needs more customers.So have a unique way of attracting more customers by making first time customers feel happy abt their purchase.
2.Dont shy away from taking any risk.But calculative risks.
3.Always spend some money for advertising. It may be even by cutting off ur profit a little, for some time.
4.Make a difference from other competitors, either by a way of treating customers, or packing, or delivery or making adequate facilities like waiting, water etc...
5.Give priority to expand ur business in future.
Good luck. Keep going!
2006-07-19 21:44:50 · answer #2 · answered by Madhansurya 2 · 0⤊ 0⤋
Put in the effort. No gain without pain. Get your name out there and get your business and what you do known before you even open. Tell your friends, current co-workers, relatives, neighbours. Word of mouth advertising is the most effective and cheapest way to get business. Most important wear a smile on your face and let it show that you LOVE what you do, a smile is infectuous and will come back to you. Always treat your customers with respect and do whatever you can for them...even if they are in the wrong.
2006-07-19 19:14:39 · answer #3 · answered by Donald D 1 · 0⤊ 0⤋
Ok. This is the most basic thing to know. Everything will not go your way immediately. So decide on your priorities. List some short term goals. Manage your capital in such a way that there is enough for a rainy day. Don't shy away from taking risks.
2006-07-19 18:55:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
retailing biz is gaining compettion in a big way as govt of india opnend FDi in this arena.. so many MNC's are setting up thier single store in india ....so ubetter know the market..of product u r going to sell. .location .criteria...is main ..thing.. always keep eye over other retailers which are prividing same service.. as per se..
keep on learning from ur mistakes..and do think some thing new..and broadden ur search..
2006-07-20 00:23:13 · answer #5 · answered by sanjubuddy 4 · 0⤊ 0⤋
Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-07-20 02:51:35 · answer #6 · answered by TM Express™ 7 · 0⤊ 0⤋
under-capitalisation is the #1 cause of new business failures. Also, be willing to work until you collapse - and then work some more.
2006-07-19 19:02:28 · answer #7 · answered by mai 2 · 0⤊ 0⤋
research your market
2006-07-19 18:51:35 · answer #8 · answered by nickipettis 7 · 0⤊ 0⤋