✌️The mini supermarket is currently favored by many people because of its convenience, cleanliness, and safety compared to residential markets. Grocery business is extremely profitable. Therefore, this is also an extremely competitive industry. So how do you open a mini supermarket to gain profit? These are great and challenging questions. Today, we will introduce 3 best ways open mini supermarkets can gain the best profit. You can’t ignore it! ✍️🏆🚗💰
1. Invest your time to research market
1.1. Choose best location you can open mini supermarket
1.2. Choose who are your vendor
1.3. Choose what you can sell in mini supermarket
1.4. Choose who are customers in mini supermarket
2. Competitive advantage in mini supermarket
2.1 Capital and cash flows of mini supermarket
2.2 How to display goods in mini supermarket
2.3 Control quality of goods in mini supermarket
3. Build relationship seller and buyer of mini supermarket
3.1 Have friends in your business
3.2 Build loyal customers
👉1. Invest your time to research market
👉 1.1. Choose best location you can open mini supermarket
To ensure that opening a mini supermarket is profitable, you should survey around the area (maybe 3km radius from the area you plan to open the supermarket) and deep survey (about 600m radius from the area you plan to open the supermarket). See how many grocery stores and mini-marts there are, where are the stores and supermarkets located, and how far from residential areas are they? The best-selling products in that area’s stores and supermarkets, sales, and turnover of a few typical goods.
The next thing to pay attention to when you intend to run a mini supermarket is the problem of space. If you have a business premises available, that’s great, you just need to plan and implement it.
Not everyone is lucky enough to have a location to do business, so when you have to rent a mini supermarket business location, you need to calculate and consider carefully for this investment.
The premises to open a mini supermarket can be divided into two levels, the area is from 80m2 to 120m2, commensurate with the criteria of a convenience store, customers will buy essential items in the store due to convenience, proximity place to work, stay and have some special products.
You should also consider the problem of parking space for guests, ensuring their property when buying. When customers feel secure every time they come to the supermarket, they will definitely come back to support you.
In the retail business model, location is an important factor determining your success or failure. We open a supermarket to sell goods, but open it in a low population density place, or located on the street, a deserted neighborhood with few people, so who do you sell to?
The essence of the mini supermarket business is a business based on the location factor, that’s why finding the right location for the business model is extremely necessary.
So, what are the requirements for the ideal supermarket opening location you need to find? That place must be crowded with people, located on busy roads, streets, shopping centers, industrial parks, universities, hospitals… or if in small alleys, it must also be near markets. the dormitory area, many people pass by.
That’s how new customers see and know your supermarket every day when they go to work, go to the market, go to school, etc., and then buy goods without you having to advertise.
In addition, the location should also be one where there are no or very few minimarkets or grocery stores to reduce competition. If the premises are ideal, the competition is not high, and the population density and living standards in that area are good, of course, opening a mini supermarket will be profitable.
The choice of location depends on many factors, and especially to pay attention to is the purchasing power of customers in the surrounding area, assuming you choose a location at the foot of an apartment building with thousands of households, If you have dozens of supermarkets, your ability to recover capital is very low.
From this, you can give some best solution WHERE you should open a mini supermarket.
👉 1.2. Choose who are your vendor
To ensure that opening a mini supermarket is profitable, you must take time to look for the best vendor with the best price. Outside famous brands where they sell with the best price, you have to know it. Before you import goods you have to find at least 5 vendors to compare price and you have to decide when price is best to gain profit. When you import with the lowest price. Then you can sell the best price(import price + all expense) to customers to gain profit.
👉 1.3. Choose what you can sell in mini supermarket
Opening a mini supermarket will be profitable if you choose the right items to sell You’ve done a great job choosing the location, space, interior design, now the most important task, What items should I sell?
Customers have hundreds of people, each with an idea, each with a need. Therefore, your mini supermarket must have all the most basic essential items such as dry goods, cosmetics, necessities, etc. to be able to serve all the requirements of customers. Whether your supermarket business is effective or not, whether it attracts customers or not depends on your own wisdom.
👉 1.4. Choose who are customers in mini supermarket
You also need a survey to measure the average income of the people in the town, the consumption habits and behavior of the people in the town to choose the right business model.
Customers are attracted by the large and beautiful premises, which makes customers feel about the richness of products sold by the supermarket, the price will probably be cheaper and the need to buy in fewer places, so if beautiful premises, the price may be higher than other places, but it is convenient for business, it is still advisable to invest.
To know what products your customers need, you should study the income level of the people where you open a supermarket. If most of them are office workers, civil servants, etc., they will have a higher standard of living, while students, workers, and unskilled workers will have a lower standard of living. You rely on that to filter and then select a list of items that match their needs.
Because the psychology of consumers always believes that the goods in supermarkets are of better quality and price than grocery stores, you should also boldly enter new products of high economic value and quality to introduce them to customers. introduced to customers.
Thus, supermarket products that are both diverse and different will attract more customers, increase their competitiveness with other grocery stores and supermarkets and thus increase the profits of the supermarket. increase.
👉 2. Competitive advantage in mini supermarket
👉 2.1 Capital and cash flows of mini supermarket
As soon as you have the idea to open a mini supermarket, you need to calculate the size of the goods to prepare the best amount of capital. If you have previous trading experience in a mini supermarket business, you will be more favorable because the plans in terms of space, capital, and sources of goods are well controlled.
One of the fatal mistakes made by grocers or mini-marts is not taking into account fluctuating capital flows. For example, your first import is USD 20,000, then you need another USD 4,000 to import goods after spinning the number of first imported goods that have been sold at the supermarket.
Besides, it is always necessary to have a minimum cash level greater than ⅓ of the sales day’s sales to be able to ensure that the store always has an emergency source of cash in case it needs to import new products.
👉 2.2 How to display goods in mini supermarket
When displaying goods in a mini supermarket, you should note that you must create a neat and airy space for the supermarket to make full use of the space but still feel comfortable when entering. The stalls should not be arranged too close to each other, there must be a distance for customers to easily move and choose to buy.
Do not display too many goods on the shelves, making the space uncomfortable, customers will also feel stuffy and uncomfortable. Absolutely do not use red, yellow or pink eyeshadow bulbs that are not bright enough to make customers dazzled and have difficulty in finding and identifying products.
In particular, shelves used to display products, we will choose the type with the right color for the space and light to attract customers and create aesthetic elements. The remaining area of the store will be used for cashier desks, glass cabinets for cosmetics, perfumery, shelves for vegetables, fruits, and refrigerators.
👉 2.3 Control quality of goods in mini supermarket
One of the most significant but most difficult to see costs is the cost of damage and loss of supermarkets. This cost control is always a top priority, and this makes supermarkets use more technology-based management.
From this, you can give some best solution HOW you should do in mini supermarket.
👉 3. Build relationship seller and buyer of mini supermarket
👉 3.1 Have friends in your business
The above business comes from the community. Due to the community nature, the ward organization proved to be beneficial for the sellers. They have mutual support conditions, helping each other in pricing, keeping prices, borrowing goods, introducing customers to each other.
👉 3.2 Build loyal customers
Create the best experience when customers buy your products:
Customers are king: Customers evaluate whether they are satisfied or dissatisfied with the service and product attitude on the supermarket’s website.
Build loyal customers: Create shopping cards, accumulate points, send gifts
Flexible payment: Cash or bank transfer
After-sales policy, return and exchange
From this, you can give some best solution WHY customers come and buy goods in mini supermarket.