Connect with us

5 Things You Should Consider Before Opening a Physical Store in 2021

Business

5 Things You Should Consider Before Opening a Physical Store in 2021

Shopping at physical stores has somewhat become non-existent for many, thanks to the overwhelming popularity of e-commerce platforms. That, however, does not mean that physical stores are no longer profitable. People still frequent these places to get hold of their daily needs. Some people even prefer shopping in person to buying stuff online. Hence, even in 2021, you can open a store and expect to profit from it.

However, a lot has changed over the last year or so. Thus, before you open such a physical store, here are five things that you should consider.

#1 Ensuring Health and Safety Guidelines

The COVID-19 pandemic is far from over. Although vaccination programs are going strong, people still need to be cautious while going outside. As someone operating a physical store, it is your responsibility to maintain health and safety guidelines inside your premises.

You can no longer force all of your customers to wear masks since fully vaccinated people can choose not to do so. Instead, ask your staff to keep theirs on while inside the store. Keep sanitizing stations near the entry points of your store. Currently, you can only ask your customers to maintain these safety standards. However, there is no reason for you to enforce these on them since such restrictions are gradually being relaxed.

#2 Promoting the Store

Whatever sort of business you run, you must promote it through the proper channels, at least in its initial phase. Currently, social media marketing is a great way to advertise all sorts of products and businesses. Your store should have its pages on platforms like Facebook and Instagram. There, you can promote the products you are selling and alert customers of upcoming offers. 

Make your store’s presence felt around the locality as well. For that, you need signs and banners placed around the exterior of the store. Prestige Signs offer a lot of variations in terms of size and design. You can choose from a variety of sign options for your store. Try to make full use of the different plaques, banners, and individual lettering style signs that they have to offer.

#3 Knowing How to Assist Your Customers

Staff training is very important for a lot of reasons. They need to know how to manage the store, keep the inventory and stock in check, maintain the register, and so on. Most importantly, the staff at your store needs to know how to assist the customers.

You should train your staff to help customers find products that they are looking for. The staff at the counter should know how to pack the products properly. They should also know how to deal with people who are somewhat arrogant or rude.

#4 Bringing Variation in Your Products

One of the main reasons people visit stores in person is to check out the variation in products. For one reason or another, people cannot seem to be satisfied with the variation they see on e-commerce platforms. Thus, they come running to these physical stores to see what options they might have.

The more variation you have in your store, the more people will come to check it out. Thus, ensuring variation is very important for running a successful store. 

#5 Selling Your Products Online

Opening a physical store and then selling online may seem counterintuitive to many. However, that is just how things work right now. The e-commerce industry is thriving, and people expect to have access to everything they need without stepping outside. Thus, while you may be operating the store physically, you need to have the option for online purchases and home delivery.

A simple e-commerce website that is linked with your in-store inventory will be more than enough for this purpose. Most of your online customers will be people living near the store. However, you should also expect some orders to come from nearby towns or localities.

Since you are keeping the option for online ordering open, you must have a separate staff to handle that area. They will mostly be responsible for handling the orders and payments and dealing with customer queries. At least three or four people should be handling this particular area. You might have to increase that number depending on the size of your store and the number of orders you receive daily.

That is all that you need to know before opening your new store. By keeping these simple points in mind, you should be able to run the store successfully and have a loyal customer base as well.

 

I am the founder of Startup Today. I am the main writer and have put in many hours of work into creating this blog. If you want to find out more about me then lets get in contact.

More in Business

To Top
Read previous post:
Creating the perfect working environment for your small business

Having a small business can be incredibly gratifying. Handling a workforce and having total control over your day-to-day activities allows...

Close