Re: "Box" Shop and Shelf Space -What's Your Views?
 

fancypocket is correct.
Cost Price = $10
Recommended Selling Price = $20

And for cost price, you may want to include
1. Shipping Costs
2. Cost of Goods or Materials
3. Labour Cost
which may include
a) production costs (if handmade; how long does it take to make one earring and how much is your effort worth?)
b) marketing (taking pictures, uploading, updating the post)
c) fulfilment (wrapping, sending it to the post office)
d) support (technical, refunds, returns etc.)

wee

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Not sure if it's really comparable because flea market and bazaar are usually 1-2days, the commitment period is so much shorter than 1 month, 2 months. Been to a few shops and most retailers are complaining sales are slow and some even have 0 sales for a few days in a month. So it boils down to good salesgirls to promote and push our sales lor :juggle:

Since u have already signed up, all the best. So if we pay month by month, the commitment period is only 1 month right? If after 1 month, business is no good, we can stop and take back our deposit? :confused2:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

why would u "force" yourself to go back? If I have rented a box, I think I will be more than happy to go down and check out the progress of my sales, preferably once a week.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

i believe my products are unique and will speak for themselves :p besides, i chose a glass wall unit, so even if customers walk by, they can view from the outside without going into the shop. the sales personnel will not be there to "push" my items, cos there are so many different types of items there. personally i feel they are there to make sure enquiries (if any) get answered, process the sales.

min commitment is 3 months. but 1st payment = 1 month rent + 1 month deposit.

u have to sign a contract in the beginning. so after 1 month, u decided not to continue, the owners have the right to make u pay rental for the whole period u commited to

Re: "Box" Shop and Shelf Space -What's Your Views?
 

haha of cos i too am more than happy to check out the shop often. but some vendors, especially certain blogshop owners who are not very serious about their businesses (got business, take lor. no business, never mind), they may just dump their items in the shop and pray that got sales. then if they never go back to check, their display / products may get messy or dusty or damaged.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Hihi, think i saw u the last time @ the carnhill event. were u there? i was next to you actually. Ok..so i guess they are more or less the same sz everywhere. yup can combine and this is what i'm doing now combining 4 boxes. I think accessories should be safe but if too many also competitive. The current boxes that i rented also had lots of handmade acc and they more or less looks the same. So u hv to make something diff out of it..Also u have to make sure the box are nicely displayed & eye catching. That's how we can attract customers. Did u rent the boxes? Anyways Wish u best of luck:)

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Hi,
Does Cactus hold your deposit for a certain periods upon your contract is end before it return to you.

Btw, is there a different rate if you pay a lump sum or monthly. (what's the price range for eye-level)

I think it's not right for me to reveal which owner. But everyone should learn from their own mistake, let's learn to be smart, at least try to bargain first before we decide.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Ha, I didnt create this thread to promote for particular box-shop or shelf-space sharing owner. So my suggestion is perhaps u may want to contact catcus directly, I think Catcus is one of the forumers here. All feedback based on past experiences are welcome. No one knows whats going to happen in the future, there is always risk involved in any business venture. :smoke:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

hehe, were u to my left (near the wall) or right (with the organiser)? :p yup was there with my hubby, trying to clear his sneakers. unfortunately that was quite a bad day, the crowd aren't interested in buying, and our bazaar was hidden all the way at the back :(

yup just rented cactus at OC, going to bring my items to set up later. the store opens on tues. hope get some sales there and more traffic at my website too :)

Re: "Box" Shop and Shelf Space -What's Your Views?
 

can pm me who that owner is? :p can keep me eyes open when i decide to rent the next box.

think u better ask the cactus owner urself regarding this. i actually didnt ask about this leh *opps* have promised the owner that i keep the rent confidential, so best is check with him bah. also, i dun think can pay lump sum bah, since they prefer monthly payment so as to get the vendors back to check their cubics from time to time

Re: "Box" Shop and Shelf Space -What's Your Views?
 

btw, anyone with experience at inQbox? :confused2:

i'm still thinking about parkway parade or suntec, but not sure good spot or not, and how the management of inQbox is like. :D

noticed from their website that they're even in Malaysia now :clap:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Hi,

actually, it doesn't matter where they are now...

more importantly, it depends on how well you sell...

my advice is to single out three areas (not vendors)
then check out
1. the traffic (you should hang around during a weekday and a weekend)
2. the people who shopped at the store (is it your target market?)
3. the other retailers within the same store

a lot of times, first-timers look at rent as the main factor,
in fact, it should be one of the last...
price should be about the same for boxes...
sometimes, it's worth it to pay just a bit extra for a good location

Re: "Box" Shop and Shelf Space -What's Your Views?
 

actually i went to all 3 venues already, but still cant make up my mind haha.. i thot suntec would be a good place, but not sure if people will stop and see. also, not sure if i'm correct, but from the inside of the store, it seems unable to access the boxes at the window display. for my handmade accessories, i guess customers prefer to feel them, try them on, before purchasing

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Price is slightly cheaper at Suntec than RafflesCity. Personally, I prefer RafflesCity bcos of the nearest mrt and many offices. Remember to bargain if you intending to get one. :coffee:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

personally, i will vote for rafflescity also
mrt interchange, near food places, happening basement.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Hi,
I've been following this thread and have noticed that there are a few more Box Space operator like InQBox and Cactus. Can anyone advise where to contact them? Currently, I've only know of such operator at Plaza Singapura.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Hi,

i'm looking into inqbox. they have it at suntec, raffles and parkway parade. Has anyone tried out their boxes there? Care to share the staffs, sales and rental for reference? Anything negative about them?

Thanks!

Re: "Box" Shop and Shelf Space -What's Your Views?
 

any more feedback from anyone who has rented boxes and/or shelf space ? :juggle:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Its been some time since anyone replied to this thread. I just wanna share my experience as a 'consumer' with this concept shop and warn fellow forumers to take note of this point as well.

I myself had rented a shelf space just recently and what i can say is to also look out for the attitude of the owners in charge. Although it was just 1 mth(2 more to go before contract ends), I had a very bad experience with the owners of the shop.

Bad attitude to consumers(us who wants a space in the shop)
Bad customer service(can blow up a small dispute saying things like 'no happy can withdraw lah, but no refund of deposit', 'call lawyer lah', 'call police lah', etc... when it can be settled easily with a small goodwill from the company)

Above is examples of what happened to me because i was too hasty in signing the contract and did not notice the signs of a bad and problematic management. Thinking about it, half of the partners resigned as directors within 2 months of the shop's grand opening. How does this reflect on the shop's well being?

And ALSO, read through all the terms of the contract CAREFULLY. DO NOT read the contract after signing. In the event of a dispute, they can use the clause of the contract to their advantage. Especially so for unethical owners.

So for those of you who are thinking of getting a space, do watch out for this. Think about it, if they are already so bad to their customers(us) how good will you expect them to treat our customers?(those ppl who buys our product from the shop)

It actually pays off to get more information about the owners of the shop. Best is to check with those who have dealt with them before. Be extra carefully when dealing with newly opened concept shops as there is no proven track record and if sh*t happens, we will become the guinea pig that gets sacrificed.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

i think box shop not worth it lei...it's the landlord who makes the most money and the competition is too find...really got to find an edge to succeed...
very hard...:(

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Its sad but true. But think about it, some of us may not have the time to run fleas or bazaars and also do not have the capital to open their own shop and thus, display shops are the only ones that is within our budget.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

for me, i'm "unlucky" in the sense that the box-shop i'm at is in a building with little human traffic. rent is high there since it's in the stretch of a "supposedly-high-traffic-area". not the box-shop owner's fault for low traffic, since the whole building also low traffic haiz.

although my relations with the "landlord" of the box-shop are cordial, i find that much can be improved with regards to their administration. for example, they rolled out their tenant manual few weeks after their shop opening. thot this should be given to the tenants on the day they sign agreement? (somemore it's not their first shop) anyway was pretty lost on the what to do, and even what time the shop actually opens until i email the outlet operations manager.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

are u talking about the B2 one, outside mcdonalds? think they have closed and moved to century square level 1

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Hi Friends,

I'm looking for short term Bazzar or 'Box'. Do u know whr to rent and who to contact?

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Guess u are referring to us. Yup, we've moved to century square as the plaza sing kiosk was too small. Feel free to pm us for details. We are currently planning for an Xmas bazaar in Dec so look out for our ads!

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Hi everyone! I was wondering if anyone minds an "operator" putting in opinions here? I've never rented a box or space myself (how ironic) but I have lots of experience to share!

I agree with many of the opinions shared here about retailing. Most of them makes sense. If we take in all these feedback and try to consider every detail, we arrive at: The 4 P's of Marketing.

Product
Price
Promotion
Place

I'm sure many people have heard of these 4 P's but don't be too quick to dismiss them! Each P requires a strategy of its own, having a plan for all 4 will ensure that you will be running a profitable biz! I know many people plan their 4 P's like this:

Product: "Will people want to buy this?
Price: "Will this sell at $XX?"
Promotion: "Will this sell more if I give a discount?"
Place: "Let's get a box/ space/ table/ pushcart/ blogshop"

Some vendors have made profits without much planning. But I've seen many who are left disappointed with their sales too. To be successful in retail, you will need to ensure all 4 P's gel into your business plan. You will need to be bold to sell at higher prices, get your sales message to the right customers, invest in the right retail locations and so on.

So, good luck to everyone in your business! Feel free to contact us to discuss more ideas!

Re: "Box" Shop and Shelf Space -What's Your Views?
 

just to share, i did an acra search of the box-shop's company profile before i signed the lease, cost only $5 and can see who are the shareholders, how long they have been in business, and how much paid-up capital..

i dun really like working with pte ltd companies with $1 as paid-up capital :coffee: this somewhat tells me they either dun have enuf capital to begin with (hence charge us crazy rental), or they aren't really bothered about their company.. besides i'm quite paranoid over the owner running off with my hardearned $ and my handmade accessories - spent lots of time and effort on them! :laff:

oh and if u're feeling rich, u can also do a people search - $30 per name - on each of the shareholders. can see what are the companies he/she is/has been involved in :D

Re: "Box" Shop and Shelf Space -What's Your Views?
 

$1 paid up capital? Like that, anyone can start a company... ?

You guys are welcome to SUNFLOWER @ City Sq Mall, #03-16
Mediacorp, QuanYifeng, Dasmond Koh will be featuring my partner's products, and Sunflower on Sat, 12pm-2pm.

My honour to have them filming in my shop. :)

Re: "Box" Shop and Shelf Space -What's Your Views?
 

i know of a popular wedding favour company with $4 paid up capital and 5 shareholders... :laff:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

hi, u can pay for Premium Membership 1 Year at $30 to see the info in this forum.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Personally, I'd think that 'box' shop is more like an advertisement to your products. You may still be able to sell your items there, but profit margin may not be so rosy after deducting the rental. Sometimes, you may sell nothing during weekdays, sad to say that, but it's true.

For people who do not want to invest too much money on owing a shop, a pushcart, to test the market, or some may treat this as their 2nd income on what they've source from or handmade by them. So, 'box' shop will be a good place for them to display (do the talking) and at the same time sell to end-user who may love them.

I just feel that 'Box' shops are getting too common nowadays. It seems like anyone can simply just open a shop, build a few shelf, get a few salespersons and get boxpreneurs to rent them. Somehow, it seems to me that they are lacks of enough planning and no theme.
I believe it is time for business mind people to really brain-stormed something new.:coffee:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

just realise i forgot to click quote -- this msg for mrylama

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Personally, prefer bazaars and pushcarts...products move fast and sales are much better. Tried shelves spaces..lost money... :( Duno whether to give it another go at another location?

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Honestly you can get exposure on your products good marketing as your name cards are available there for contacting you.Meanwhile you don't have to be there but the downside the shop has to look presentable totally organize the products display if not it's a mess really as the owner just want to get rental from those who knows nothing at all.Cheers and good luck to you. :roll:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

I tried Box shop before but I don't think it worth investing.
Box rental are also very costly if you are looking at "eye level shelve"

Personally I feel those who want to try box shop, treat it as a way to market you products. It better to move from one box shop to another box shop one or two month so more people will know you.

Just be sure that the box shop owner allow you to display you name card. :applause:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

I myself have tried renting a 'box" space, and i agree that its getting messy as everyone tries to decorate their own spaces.

Therefore, i started a store myself and im now renting out to others instead.
I try to stick to a theme mainly for ladies selling apparels, accessories, bags , shoes and anything relating to ladies.
On a whole the store looks like a neat boutique.

Hopefully this works!

Re: "Box" Shop and Shelf Space -What's Your Views?
 

Hi, i like your idea..hehe.. :) i also wanted to do one similar one for kids items...maybe next time :P

yeah..box space quite messy..i went to visit some of the box spaces and find it very messy...i myself just commit to one such box space but i took the whole cabinet so it looks better. Just a small box really can't attract people

Re: "Box" Shop and Shelf Space -What's Your Views?
 

The price is super duper ridiculous. I believe less than 10% of those vendors can earn some profit. So, they will have to depend on new vendors.

Re: "Box" Shop and Shelf Space -What's Your Views?
 

I rent for almost two month at "Locker Shop" in Vivo city..but none of my items sold! so i lost 2 month rental :coffee:

Re: "Box" Shop and Shelf Space -What's Your Views?
 

I feel the box shop display are very untidy
Most people come in and look at the items without even buying.
nowadays, I saw many empty shelves as compare to last time.
maybe selling at box space does not really work here.:(