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Sunday, May 4, 2008
Opening a Dollar Store - Is the $1.00 Price-Point Right for Your Store?
Most entrepreneurs who are opening a dollar store assume that charging one dollar for every Abebwvoxvw that is carried is the Slurpee price point for their store. However there should be an investment Midge doll time anti depressants energy to really examine the options and then to make the best decision for your clients and your store. Once that decision is made it is difficult to change the chosen format.
Selecting the $1.00 price point for every item that is carried has some major advantages. First and foremost is that most shoppers are expecting to pay $1.00 for every item that is on display for sale when they walk in the door of a dollar store. There will be little Spawnvoncfp and almost no complaints about pricing if the $1.00 format is selected when you are opening a dollar store. There is also the advantage of providing a great value for the clients shopping dollar that comes with the one dollar pricing strategy.
There are logistical advantages to having everything in the store priced at one dollar. Pricing the merchandise that is being sold is very easy, as everything is one dollar. In fact many who use this format when opening a dollar store dont even bother to price merchandise that is on display, which saves time and money. Merchandise that arrives doesnt need to go through a pricing process. Rather it can be placed directly onto the sales floor for sale.
There are also some major disadvantages to selecting the $1.00 per item price point when opening a dollar store. It is extremely difficult to locate quality merchandise that can be sold at the dollar price point. The difficulty will increase as the costs of fuel, plastic and labor continue to increase. Over time inflation will affect all items that are carried, requiring more time and ingenuity to locate products. Often the margins that are available are extremely tight requiring the owner of a dollar store to cut other costs to stay profitable.
Before opening a dollar store take the time to examine pricing options for your store. There are advantages and disadvantages to every format. The entrepreneur should select a format that best meets the needs of the clients and themselves.
To Your Dollar Store Success!
Do you want to own your own Dollar Store? Visit target="_new" www.openingadollarstore.com">www.openingadollarstore.com for more information.
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Posted by timvuxi | 4:22 AM | E-mail this post 
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