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

Hi Wee, THANKS for the guideline! appreciate this, as lots of us here are not very familiar with retailing and how to price our products properly :laff:

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

I agree with ultimateworker that sometime entrepreneurs have to under-cut their cost when selling their items at 'box' concept as price is very competitive there especially for accessories. You may see many boxes selling accessories.

I did once for 6 mths, and didn't continue. The owner can charge quite high for eye-level box and if you did not negotiate with them, you might end up paying the highest rental among the rest (which is what happen to me:mad:).
I guess this is how the biz go, always bargain first and don't be desperate.

- I'm very curious here, does anyone know if Cactus collect one month refundable deposit at a said days (eg. 30,60 or 90 days).

- The rental @ Cactus is pay by monthly or one lump sum. Any $$ different if pay by monthly to one lump sum. Normally, the owner will charge differently to what I know.

:thanx:

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

sorry, just realise i type wrongly haha. should be $100+ to $120+ per week rent. divide by Sat/Sun 2 days = $50+ to $60+ per Sat/Sun. flea market and bazaar rent almost the same too

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

:eek: care to share which owner is that?


i just signed up with cactus. they collected only 1 month deposit from me. payment is by monthly.

so my first payment is 1 month rent + deposit of 1 month rent. then the end of month #1, then i have to pay 2nd month rent. then within 7 days of month #2, i get my payment of whatever items i've sold less the operation cost & commission

i found this model work better than the other box/space-concept stores, cos i no need to come up with the whole sum at one go (no need to resort to borrowning money :p) and will "force" myself to go back to the shop at least 2 times a month to check out my cubic.

hope the above info helps :)

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

I notice concept shops like Kuchiku and Otaku House caters to certain types of people, mainly youngster from early teens to mid-twenties. The itmes sold there are also catered for that purpose, attracting younger buyers. When I visited one of these places, I can't seem to find things that are for housewives, yuppies or even for younger kids. These places seem to market themselves to the young.

Anyways, my products don't work well at such places at all as people. Aromatherapy products need lots of educating to the consumers. By locating my things to such places to sell, the sales-assistants there won't actively promote them because they have other vendors' products to attend to. Some of these places don't allow you to put product specifications, pamphlets or even vendors' namecards to promote the products. I feel it's rather unreasonable. My products are rather niche. Imagine I put them there for one month without the staff to actively promote, don't you think they will collect dust? My products are consumables so needs more attention. :roll:

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

A bit more on pricing...
the reason for keystone pricing is simple...
if you consign your goods to other stores...
(usually 35% to 50%)
you still have a good margin to work on...

Thanks!
Wee

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

Hi,wee its a very gd informatives.But ask u ask its keystone pricing is 100% profit.If your costprice is already $10,100% will be $100 but its impossible to sell at that price how?how can we do to put the right price?

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

secretgarden,

I think 100% profit means S$20, if your cost is S$10.

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

oh isit?how u get that figure,cos i use $10 x 100% become = $100?

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

$10 x 100/100 = $10 (profit) + $10 (cost) ... so, your retail price is $20.