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
Factors one need to consider in setting up retail trade
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="Jasz, post: 287023, member: 61772"] In setting up retail trade, the following factors need to be considered: 1. Location – The location of the establishment is an important factor which can determine whether or not it will succeed in business. You need to consider the area where you want to set up your business and what kind of customers you want there to be. 2. Market – The market one wants to enter into business with has a lot of influence on how successful one’s venture will be. 3. Competition – When setting up retail trade, competitive companies will come into play and this can lead to losses if one does not know how to deal with them effectively. 4. Costs – One needs to consider costs when setting up retail trade because they are always present when running any business venture. 5. Customer base - Your customer base will also determine how much money you make. If there are many people who want to buy your product or service and they live close by, then they will come to your store and buy from you every day. If on the other hand, there are few people who want to buy from you and they live far away, they may only come once or twice every week. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Factors one need to consider in setting up retail trade
Top