The Philippines is well-known for being fond of eating, grocery shopping, basically everything that revolves around food, and buying for households. This is one good reason why putting up a sari-sari store or a small grocery store business is one of the best businesses you can have if you are looking for a small-capital business. In this article, we are going to deliver few of the best pointers we can give you in starting up a mini-grocery store.
First and foremost, this article will just talk about the content of the grocery itself (not including the renovation, the rent/lease, personnel salary, and utility expenses). Please ensure that you take those things into consideration – this article will talk about just the things that you can sell if you decide to put up a mini-grocery.
Obviously, the capital will depend on how big your store is and the variety of the items you are planning to sell. Say you have a plan of using P200, 000. That would already be a pretty good amount considering selling things you usually see in convenience stores like 7-11 or Mini Stop. Take note that that amount of money is only for the items excluding renovation and business permits. If you would compute those as well, you will have a safe P300, 000.00 for it.
It is a must for you to buy in big bulks so that you can save as much as possible when you are going to restock items for your store. Buying in bulks can save you time, money, and effort in getting the things you will sell.
As mentioned above, having that amount of money can already enable you to sell things or maybe more on what a normal convenience store can offer. If you live in a village or a subdivision and you have your own place to sell items, then P200k is already a lot. You can buy freezers for you to sell ice cream, you can buy kiosks so you can sell hotdogs, and other things like that – innovation is the key for your business to succeed and to grow.
Of course, you need also to consider the people that would be patronizing your business. Study the types of people who you regularly see in and around the area where you will locate your business; observe and ask questions on the products that they will buy. You won’t sell a piece of gold in an area where silver is already a heavy thing for them, correct? You need to see the types of customers you will have if they buy in bulk or in big packs; you need to see what type of income your neighborhood is in for you to properly plan on what you can serve them. So studying your market or the people around it is actually a step closer to achieving success in your business.
Innovate and Create
Do not limit your servings to just offering products that you can see in groceries or in convenience stores. Of course, you would need to innovate; you would need to show people that you have something that other places don’t. Entice them with creativity, price, and presentation. Try to come up with something. Here are a few of the inexpensive things you can add if you are planning to open a grocery store/convenience store:
- Siomai and Siopao Kiosk
- A Coffee Vendo
- Hotdogs, burgers, and other snacks
- Ice cream in a cone
- Shakes or fruit juices
- Bread like:
- Toasted Siopao
These are just few of the cheapest and best things you can add that would not require you to incur much of your money in. Simple yet strong profit-yielding drivers that can generate more and more people.
So these are the few pointers we can give to aspiring entrepreneurs out there who are looking to open a mini-grocery or a convenience store. Remember that people love new things and having innovations or creations inside you establishment can make them go curious and interested. Do not be afraid to risk because a grocery store put in a tight location never fails – you just need to know what type of customers you have, the things you need to sell (their prices, of course), and what innovations you can put so that it can attract more and more people.
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