Wednesday’s blog
$1/$2/$5/$10 Store
CONCEPT: This small business revolves around a discount store where every single item inside is under $1 or $2 or $5 or $10. This can be operated as either a standalone venture, which is harder given the need to source all of the cheap inventory, or as a franchise where that side of the business has been sorted out. The websites below have more information on such franchises.
REAL WORLD BIZ: www.poundland.co.uk; www.dollarstore.com; www.dollarstore.ca;
www.dollaritem.com; www.dollardiscount.com
It’s really difficult to find a product with one price; the shop won’t be having all things for live like a shampoo. People will scared why it’s so cheap maybe quality of product not good or something like that. The rent for these shop very expensive minimum 80 square meters. It’s not reasonable to open this shops, not in the UK, because mentality of British people can’t accept that.
Diseconomies of scale
7 years ago
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