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Member You - Opening a Dollar Store - Know and Learn From Your Competition
The bursting of the dotcom bubble in the year 2001 was a defining moment in the global web industry. People believed that the web had been given far more significance than it merited, not withstanding that initial glitches are a common feature of all technological revolutions. The shakeouts in fact mark the b
More than a few dozen times, people say to me, 'I don't know how you fit it all in!' Sometimes even "I" don't know how I fit it all in, to be honest. However, not only did I realize early that if I wanted to accomplish the things in my life 'to do' list, I'd better take control of my time. I have learned that
Learn what your direct competitors are doing. Start with competitors in the immediate area of your store. Then work your way away from your store in an ever-increasing area. Be sure to include well known and larger stores even if they are well away from your operation. These bigger players can have a huge impact on you when you are opening a dollar store.
Find out about products that are carried, special promotions that might be going on, methods for displaying merchandise, as well as the general operation of their stores. How is their customer service? How do they treat customers at the checkout area? Is the store clean and well organized? Are there very many customers in the store? Look at everything that makes each competitor stronger. Look for things
Remember in two previous articles we talked about sustainable marketing and 4 ways your stationery was killing the environment? And by the way costing you more money too!In the most recent article we talked about the way stationery is printed affects the environment. Now I want to talk about how you c
Learn what your direct competitors are doing. Start with competitors in the immediate area of your store. Then work your way away from your store in an ever-increasing area. Be sure to include well known and larger stores even if they are well away from your operation. These bigger players can have a huge impact on you when you are opening a dollar store.
Find out about products that are carried, special promotions that might be going on, methods for displaying merchandise, as well as the general operation of their stores. How is their customer service? How do they treat customers at the checkout area? Is the store clean and well organized? Are there very many customers in the store? Look at everything that makes each competitor stronger. Look for things
So many business consultants often say that they are tired of being right all the time and wish that their clients or business associates would listen. They get upset and admit that millions of dollars were wasted because they just did not listen. One top-notched consultant from PA mentioned this to me not lo
Find out about products that are carried, special promotions that might be going on, methods for displaying merchandise, as well as the general operation of their stores. How is their customer service? How do they treat customers at the checkout area? Is the store clean and well organized? Are there very many customers in the store? Look at everything that makes each competitor stronger. Look for things
The question of whether to work for a company or run your own business is a difficult one to answer. It's a dilemma that many people face in the course of their lives. Sometimes it happens right at the start, as soon as they leave school. Sometimes the question crops up after years of working for a company. F
Find out about products that are carried, special promotions that might be going on, methods for displaying merchandise, as well as the general operation of their stores. How is their customer service? How do they treat customers at the checkout area? Is the store clean and well organized? Are there very many customers in the store? Look at everything that makes each competitor stronger. Look for things
Our point of view, perception, and learning are all objects of our knowledge, and these are things that prevent us from going ahead. "I already know everything there is to know about that. I don't need to learn any more." We have arrived only at the fourth rung of the ladder, yet we think it is the top rung.
Carry a small notebook with you. Note the store, positive things that make the store stand out, things that detract that you would never implement in your store, general customer information and other pieces of data that might be of interest to you. This will be powerful information that you will be able to use when opening a dollar store.
Use your notes from all visits to create a list of potential positive changes and things to be avoided when opening a dollar store. Look for things that you can implement in your own operation. While you may not implement something exactly the same as you have seen, these visits can be a great time for you to examine and then think about new, diff
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