Set a slightly lower price but aim to get more sales

[mstakh.i.mom.i]

They only depend on the spending money provided by their families. (4) Profit margins have to be kept low In terms of pricing, you need to take into account the affordability of the group you are targeting. Since this group of students does not have their own income, does not have a large purchasing power, we cannot set a relatively high price. If the price is relatively high, not many students will be able to buy from your store. (5) Focus on selling in large quantities If you can't sell at a higher price, what should you do to get more profit? The answer is, sell in large quantities.


In the context of targeting these customers, what should retail business owners do? Are bahamas phone number resource you targeting a specific group, or should you target a larger group of customers? If you want to satisfy all customer groups, it is not an easy task. At the same time, it also requires a large amount of capital to do so. For that reason, retail business operators will usually focus on one group of customers who have specific needs. Want to start a retail store business, but what kind of products do you want to focus on? For example, maybe 1.


Kitchen essentials 2. Pet supplies (pet shop) 3. Stationery and office equipment business 4. Cosmetics If you aim to sell all kinds of goods under one roof, it is almost the same as the concept of a large supermarket business. If you have such a large capital strength, go ahead. Within the scope of the discussion here, I will give an example if you want to target students. Why don't you do an analysis next time, for customers from different categories? (4) Competition between stores The existence of competition in this business is a natural thing.