A real quick answer to get the ball rolling.
This time of year, you see all these temporary ventures in mall
selling anything and every thing related to the holidays.
Most of it is NEW inventory for 6 weeks,
More later, LUCKIEST
Now that I gave you my quick answer lets try to be more productive.
Yes LOCATION is important.
Today that is changing with so much business "on line"
An example is people who appear on Shark Tank" with an idea.
A great start is always a BUSINESS PLAN. The PLAN is like a road map to success.
Then you contact SCORE.
It todays economy, it is more the product than the location.
There are investors ith (lots of) cash, just waiting for YOU and your next great idea.
Good luck, LUCKIEST
These are all great suggestions, LUCKIEST, thanks!
Of course, start with a business plan and get a jump on things by canvassing the local neighborhood. Find out what products and services your potential customers are interested in. Hire temporary staff if necessary. What other businesses are already in the area and how are they doing? Does your preferred location offer ample traffic?
Make sure your space is visually appealing. Cater to your customer by creating a personalized experience for them. Educate your customers by teaching them about your brand. Prepare scenarios for handling problems that may arise. What form of payment do you prefer? Engage your customer by reaching out to them via email or social media. Encourage them to share honest feedback. Use these experiences to determine whether or not owning a shop is for you. ~Moderator Mel
Would your shop be a temporary venture or do you believe that your idea will stand the test of time? We’ve seen “Location! Location! Location!” a thousand times, but what does location dictate to the success of your product? Is it possible for you to offer new inventory in your space each week? While preparing your perfect sales or investment pitch, think of how could you put potential investors at ease. Very interested to see your responses! ~Moderator Mel