Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Does location matters in business?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="btaliat, post: 242483, member: 26390"] Location is not only important in deciding the profitability of a business, it is also a major determinant of how peaceful the business owner will be. I will explain in details what I meant. In economics, the assumption is that a business needs to be located where there will be market. That's why most people will do what we call market research to know the market segmentation to know the concentration of buyers in a particular area. For instance, a business owner will first of all know the target audience. Does he want to sell to the young, the old, the female or male. This is what we make him to know where to situate the business. This is not the only reason why there must be good localisation. There is the tendency that the owner will also know whether to situate the business where there is rich or where there are poor people. Another reason is that I made mentioned is about the peace of mind. There is need to go to areas that are peaceful while citing business. This is because a place that is always riddled with violence may be a discouragement to customers and will not make the owner to have peaceful mind. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Does location matters in business?
Top