"Box" Shop and Shelf Space -What's Your Views? - Page 3

pokerface

sure? i saw in cactus, a lot of owners put their name cards

__________________

"My hands are the tools that God blessed me with so I may work creatively"

annies.Knicknack

Hahaha....yes dying very slowing & bitterly.... no thanks, just need to share my views & pts that's all. Yup i sure can use back my props so it's not too bad lah...i think that's all with the charges. Will update when there's more....

Takeshi

Ya, for cactus they allowed. Maybe some at Plaza Singapura don't allow. I can't say the shop name but I know you can guess. =)) Just went down to cactus today and talked with the boss. There is quite a potential there. I saw quite a few of my products selling there. Yet, at a sky high price. Pricing is above $20+. I am selling only $15 and below! I am not sure. I saw a long list of people queuing up for the boxes. Maybe is good?

I am still observing the crowd and etc. The rental is around 300+. Kinda hard. Expecially, there are quite a no. of boxes selling accessories. I heard from the boss that at central, it might be higher due to the shop rental. So I am still considering.

I hope this helps a little.

annies.Knicknack

Hi n how r you? what is the sz of the box? when you said 300+ is it for 1 box? maybe you can share more cos i believe there are more besides the rental. I actually wanted to take the space there but i went 3wks ago when the internal are still renovating. To me the building is ie a puzzle, i don't really like it when you go up from the escalator facing the OG building. I personally feel that the crowds are more for the yongsters so my kids wear will not work there. Anyway, i already give up the thought of putting my stuff in those boxes. Small & interesting things should be fine.

pokerface

haha good for you then! i just signed up a box for OC yesterday. a bit rush and last min, so now busy busy with the set up and making of more handmade accessories

__________________

"My hands are the tools that God blessed me with so I may work creatively"

pokerface

hi annies, each box is 50 x 50 x 55, but i think they can combine box. yah for kids wear, i also not sure if work there. my target crowd is teenagers and working ladies

__________________

"My hands are the tools that God blessed me with so I may work creatively"

xoxoxo

300+ and that is only rental So to cover rental alone, we need to earn at least $10+ a day. Sounds easy but so much competition from the other boxes and times are so bad If your selling price is $15, must sell a few pieces a day to cover rental, commission, cost of your products, transport and dont-know-what other expenses lor, otherwise how to earn a decent profit. Alternatively, go for special products and mark up higher but too expensive customers also don't want to buy Sianz... I think we end up helping the shop owner pay rental

secretgarden

hi all,

I read all your comments about box shops etcs.I'm very interested & intending to rent one of those but no ideas how's it likes.Hope to hear all your comments.As these feedbacks will help those intend to rent/intend to rentout.

1. Would like to ask those that had rented before whats the spaces given likes & roughly what prices range are they charging for?According to eye level or to sizes given.
   
   
2. What kind of locations will it be considered a good location & what kind of crowds to attract is the best?
   
   
3. other then REntal what others charges do they charge us & how much?
   
   
4. Like one of you mention in e forum,what happen if your products are damages what do they do &what you expect them to do?
   
   
5. Normally how much deposits & for minium how many months must we take just to rent?
   
   
6. Would you prefer a shop that sells che pa langs stuffs of any items & decorate in your own styles or prefer a shop tat sells on one theme & decorate in one styles?
   
   
7. What happen if few boxes are all selling accessories but of similar types or differents types does it affects your sales?Which would you prefer.Would you still intend to takeup a box or what will the owner do?do they still rent out to you.
   
   
8. What are your ideal rental charges?Thru your experiences do you all give infos to e sales person for them to help you with your sales or they simply cant be bother to know?

Above are some comments i wonder after reading the forums.Anyone got anymore to add on?

__________________
http://secret-rose-garden.blogspot.com

ultimateworker

Hi Secret Garden,

That's a lot of questions...
but all good ones...
will try to answer as much to my knowledge.

Last piece of advice...
A lot of times, we see entrepreneurs under-pricing themselves
and thereby, working for free...
they don't consider their own time as labour cost...
if some of them were to work out the number of hours they put in...
they would probably be worse off than a mcdonald's crew...
(but if it's passion, that's another thing altogether)

As a guideline, always make sure you have 100% gross profit.
i.e. you sell for $2, your profit margin should be $1.
(what they call keystone pricing)...

Thanks!
Wee

pokerface

i took the rent and divide by no of weeks. so i know how much sales i should make each weekend. i dun really bother with the no of weekdays cos weekday crowd at shopping centres.. really depends lor.

so after dividing by no of weeks, the rent is about $50+ to $60+ per week. then add the % of operation cost / commission. i roughly know what is the amount i need to break even.

so at this $50+ to $60+ rate, i figure out it's almost the rent that i pay for the flea markets and bazaars. just that i no need to be present in those warm flea markets & bazaars and carry my luggage here and there. so why not give a try? haha

and why i chose cactus in the end over all the other box concepts?

1st the rent is paid on a monthly basis. cashflow is easier on me. and i agree with the owner, who said that this is to encourage the tenants to come back to the store on a regular monthly basis - to pay the rent and to collect the payment cheque. this way we can check our own box ourselves regularly.

2nd i like the store better. really. shelf-concept store seems messy and have quite a few friends of mine telling me that their goods get damaged cos squeezed together with other tenants. box-concept store - others seem so dark and some look dirty. this is not the image i want to present to my customers.

3rd after talking to the bosses, i felt they are much more business savvy compared to the other concept-store owners. the amount of advertising, marketing, branding. how the terms are stated out clearly - when the owner explain, and in the contract. while i too am afraid that i cant earn my rental back, i believe that all businesses have a certain amount of risks lor. just that i take calculated risks.

good luck with your biz too!

__________________

"My hands are the tools that God blessed me with so I may work creatively"