How to Do Your Sum?

ethel_pl · 27-03-2014, 03:37 PM

Hi,

I'm intending to sell some detergent using a pushcart however I can't figure out the sum for setting up such a stall without incurring loss. A typical rental is about $2400/month (about $80/day). I notice that some pushcarts are selling small items which is less than $10/pce, so how can they thrive?
Am I missing out something?
Anybody can help me with this?

niceprice · 27-03-2014, 08:44 PM

Did you watch for the whole of 30 days from open to close?

Sometimes they might not earn and make a loss.

And because of contract or they already paid the rent so they are still there.

meinteel · 28-03-2014, 12:41 AM

Calculate your margin, consider how many pieces you have to sell a day. Guess if you can make it based on the crowd there. Try it for a couple of months, if you can't make the cut then run for it.

Some people may be selling cheapo stuff that are less than $10 or even $5. Their margin & turnover however could be much higher than yours!

27-03-2014, 03:37 PM	#1
ethel_pl Junior Member Join Date: Mar 2014 Location: Seng Kang Posts: 1 My Reputation: Points: 10/ Rep Power: 0	How to Do Your Sum? Hi, I'm intending to sell some detergent using a pushcart however I can't figure out the sum for setting up such a stall without incurring loss. A typical rental is about $2400/month (about $80/day). I notice that some pushcarts are selling small items which is less than $10/pce, so how can they thrive? Am I missing out something? Anybody can help me with this?

27-03-2014, 08:44 PM	#2
niceprice Member Join Date: Aug 2013 Location: Singapore Posts: 20 My Reputation: Points: 10/ Rep Power: 0	Re: How to Do Your Sum? Did you watch for the whole of 30 days from open to close? Sometimes they might not earn and make a loss. And because of contract or they already paid the rent so they are still there.

28-03-2014, 12:41 AM	#3
meinteel Senior Member Join Date: Apr 2011 Location: Farrer Park Posts: 181 My Reputation: Points: 10/ Rep Power: 15	Re: How to Do Your Sum? Calculate your margin, consider how many pieces you have to sell a day. Guess if you can make it based on the crowd there. Try it for a couple of months, if you can't make the cut then run for it. Some people may be selling cheapo stuff that are less than $10 or even $5. Their margin & turnover however could be much higher than yours!

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