Do you think pushcart rental rates at most major shopping malls are too high? - Page 3

et1957

I guess it depends on the traffic, but it also depends if your items can sell. You can be in an area with high traffic but if you items do not cater to their needs then you wounldn't be able to cover the cost of your pushcart.

Like for me I don't think my items will sell at heavy traffic areas. But I have tried setting up a Pushcart at Forum the Shopping Center the traffic is average and I sell more then 60 items in a span of 3 days.

clefchen

It all depends on 4Ps.

If you are selling those 3 for $5 earrings(common products) is not a big issue on location but traffic.

Anyway, we have to understand our trade of biz..

sgmem88

As I never actually try pushcart before I can't comment much...

But from pushcart rental fee at some shopping mall, it is no different to rental of actual retail shop.

So from first impression, renal rate is too high. Though heard from some people who did it there, they still make money...

clefchen

It all depends whether you can make it or not.
E.g.
Like outside far east plaza push cart, which cost more $220-280 (w/o gst) per day has been around for quite some time.

It is really ex for a push cart but if the location is suitable for your products and can generate super profit, I think is worth to do it..

sgmem88

Agree. But still think push cart rental should be much much lower than actual retail shop...
Or maybe my mindset is outdated .....

ngeta88

I guess, this is business.. its all about risk. no pain no gain. cost more prob better location which means better sales - prob? provided gods are up to standard of course.

Just my views. also I need 5 post. so please pardon..

Mystech

put simply, if there are people willing to take it, then its not too high..

gene_hydro

I agree too. If you were to calculate on per square feet basis, we are really paying higher rental rates then shops. Lets say a pushcart generally occupies 30 sq feet. By paying a rent of $3000/month, we are paying $100 per sq feet/mth. Rent of shops are generally around $12 to at most $35 per sq feet/mth.

So the only advantage of pushcart will really be the mobility. Long term wise its really not worth it especially with all the effort and time taken to keep and re-display the items everyday and to move the stocks around.

The ability to test the market with a pushcart is also quite limited as consumer's impression of a shop and a cart is always different. They associate products sold in pushcarts as inferior or low quality or low-end, in contrast to their opinions of shops, despite us selling the same things.

My conclusion is that trying to make a business with a pushcart is not feasible and not profitable, given the time and effort invested.

Fabian

Yes, it's way too high.

sisters_triumph

Yes, i suppose rental everywhere is rather high.. I do realize that our products play an imporant part, but even then, we need crowds with buying power..