To survive as a traditional retailer, your prices must be competitive. However, if there are already businesses out there offering the same products as you specialise in then be careful. Usually, established retailers will have a regular and loyal customer base, and if the only way you can attract them to your shop is by cheaper prices then you would really be better off not taking on the additional costs and risks that go with a shop. Read the rest of this entry »
Ultimately all products are suitable for traditional retailing. However, as in the case of the independent record shop discussed earlier, even if your product is suited to traditional retailing you must be careful. If the product you intend retailing is already widely available in what has become a fiercely competitive high street retail environment, you stand no chance of success. Read the rest of this entry »
