Dont know what to sell!!
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My dad have a small shop at chinatown area. Currently its being rented out. But my family couldnt totally depend on the $ from the rent for a living. Thought of getting back the shop and not renting out to others. But doesnt know what business should i do nex time. Food/drinks stuffs are not allowed to be sold.
Can anyone recommend what should i sell? i thought of opening a CD shop, but sharing music thru msn is such a common practice now so opening a CD shop might not be a good idea. And usually teenagers would frequent bugis rather than chinatown. So selling stuffs for just teenagers age type might not be profitable.. -
massage palour, sure got business
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Originally posted by gunner77:
massage palour, sure got business
and other 'extra' service..
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Instruments.
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jamming studio! We need more of those!!
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sell sex toys.. sure alot of tiko go buy de
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Originally posted by elementalangel:
sell sex toys.. sure alot of tiko go buy de
There is already a sex shop at lucky Chinatown... that place is also full of souvenir shops so opening another one is not a good idea. Chinatown not much entertainment area... maybe open lan shop bah... tourist can go email, kids can go pa lan games.
Alternatively, no one says u need to totally depend on rental fees. Why not find an easy job to earn a little and use the rent as supplement?
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u need to do ur survey at the area
who are the ppl .... wat age group... when the peak hours...
wats oredi selling there....
wat can be ur niche? do u want to be special or just go with the trend and fight for the same pie as others?
wat kind of stock u think u can get cheap and easily available supply?
wat marketing and sales strategies u going to adopt? -
increase the rent
and find other sources income
Should continue renting it out since it is a form of passive income.... An income-generating asset. -
Apparels?
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If you are not sure what to sell, better continue renting it out as doing biz is not easy today.
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1st floor is all the shops. Most are selling clothes, shoes and there's a few CD shops already. Most are selling souvenir stuffs like keychains, masks, or those statues. Then 2nd floor is hawker center. Alot ppl go eat 1. Its very big and damn crowded. Esp at night. Ren shan ren hai..
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Originally posted by RealMagic:
1st floor is all the shops. Most are selling clothes, shoes and there's a few CD shops already. Most are selling souvenir stuffs like keychains, masks, or those statues. Then 2nd floor is hawker center. Alot ppl go eat 1. Its very big and damn crowded. Esp at night. Ren shan ren hai..
so?
if ur interest is not doing business...shui xie bu tong also no use to U...
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there oly got msian, prc & old ppl.
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open macdonald
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snooker centre
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lan shop
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Originally posted by RealMagic:
1st floor is all the shops. Most are selling clothes, shoes and there's a few CD shops already. Most are selling souvenir stuffs like keychains, masks, or those statues. Then 2nd floor is hawker center. Alot ppl go eat 1. Its very big and damn crowded. Esp at night. Ren shan ren hai..
LOL u sure its a shop or is it a stall? from what u are describing, it seems like its one of those market stalls leh. if its market stalls then forget it... if u dun have lobang. Those cd shops there already selling damn cheap le. There are also lots of shops selling clothes le
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is shop. but cannot sell food/drinks stuff on 1st floor
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CD shop is out....
Apparels is ok, but you have to think what makes your shop unique that attracts people to patronise your shop. Nice and cheap clothes/accessories? Where can you get the goods?
What are the stuffs people are sellin in that area near ur shop? ok you say CD clothes food souvenir.. do you want to sell the same stuffs as em? if yes what would you do to make sure customers to flock to ur shop instead of others?
Who are the people that hang around there? Caucasians/foreigners? Who are your target market?
personally i think just continue renting the shop.... and find other things to do
just some suggestions....
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You mean those stalls in the old building below the hawker center and above the wet market ah?
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Depends on the target audience. What are the type of ppl that frequent ur area. If there are more old folks, then I suggest selling auntie clothes. Those aunties may flock to ur shop for cheap clothes. Lol.
But I think the best is just use the shop for rental purpose. U never know whether the business will be good although there are alot of crowds. But it's up to u if u wish to take the risk.
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sell antiques n handicrafts...many ang moh tourists will like
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If I were you, TS, I would go find other ways to get income, and not "destroy" this source of passive income.
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Originally posted by eagle:
If I were you, TS, I would go find other ways to get income, and not "destroy" this source of passive income.
x2It's easier to collect rent than to run your own biz.
Don't forget if you have your own biz you need to sink in capital and overheads too.