Quote from: Accardo on November 16, 2023, 09:51:34 PM

Quote from: Dewi Aries on November 16, 2023, 09:14:26 PM

Although the business that is run is small, but if the business has a grocery store it is quite promising. Because the basic needs of people that they certainly always need every day, for example rice, cooking oil, and vegetables. That's the basic needs of everyone in their daily lives. so even though the grocery store that is run is small, it will definitely run well if it is managed properly. And also there may be potential to grow quickly because of the basic needs of people who will always run out every day. And this is something that rotates every day.

And also a grocery store does not need or is not too concerned with good marketing or more marketing. as long as we don't take a lot of profit from one item, for example, other stores sell rice at such a price and they sell rice at almost the same price as that store but below the store's price (close enough) this will be a consideration for mothers who always shop for their daily needs and they will also certainly pursue stores that have lower prices even though the price is only slightly different. So in my opinion, if you open a grocery store, you don't have to take a lot of profit as long as it is running and crowded with buyers.

These kind of shops generates customers easily, but the competition is too much. I noticed that the business owners, also have their loyal customers. Despite having such a similar shop selling same thing at same price, each of them have specific people that purchase from them. Now, in the bad economy, this type of shops give out their products to those loyal customers on credit. Especially those who live close to the store. Thereby, making them more loyal to the store and expanding their number of customers. But, while in business, it's important to diversify. I know everyone needs those groceries everyday and they buy it. Offering a business that helps them process those raw foods purchased from the shops is a great business move. Most people enter business because others do, and end up winding it up. While in search of a small business idea, we must observe the needs of people living around the environment or the type of audience interested in buying the product. For instance, where timbers are sold, we should think of providing a chain saw machine to the environment, because they must need it. Instead, of joining the masses in selling timbers, opening a place where the timbers are being cut into different sizes would earn us good profits. Providing the needs of the store owners is very crucial in boosting our profits. Another instance, is opening a shopping bag store close to the shops where food stuffs are sold. The sellers need the bag to package goods for customers and the more they make sales the better the profits of the bag seller. It only requires some time, until the whole sellers, in the vicinity, begin to patronize the business.

yes it is like that, even shops like this around my house are not one so indeed shops like this have fierce competition, as I said by differentiating prices a little cheaper then they will pursue shops that have cheaper prices even though the price difference is very small it can affect their marketing. also this shop will have loyal customers like you said, they will shop because it is convenient at an affordable price. With basic needs every day, it is possible that a shop like this will not be extinguished by always providing basic necessities that will definitely be sold every day. But of course there will also be definite risks, by managing it well it doesn't matter, even if you can manage it well it could be faster to reopen a gerosir shop or grocery store in another place because as I said there is the potential to grow quickly because by differentiating prices a little cheaper than other stores.