Stalls are a flexible, low-cost way to start a business, and many entrepreneurs have realized their entrepreneurial dreams through stalls. However, choosing the right product is crucial in the process of setting up a stall business. So, what should the stall sell? Here are a few principles and recommendations for choosing a product.
1.Understand the needs of the market
When choosing a product, the first thing to do is to understand the market demand. Through surveys, observations, consultations, etc., we can understand the consumer needs and preferences of the target market. Understanding consumer demand for products, sensitivity, purchase frequency, and other information can help you choose products that are more suitable for the market.
2.Select consumables
Consumables refer to products that consumers buy frequently and use quickly, such as food, beverages, daily necessities, etc. This type of product is in high demand and can bring a steady income to the stall. Therefore, when choosing a product, consumables can be prioritized.
3.Determine product features
In a highly competitive market, product features are a key factor in attracting consumers. You can choose products with characteristics and innovations, such as handmade products, creative products, etc. In addition, it is possible to add features to the product and attract consumers through product mix, packaging design, etc.
4.Consider product costs and profit margins
When choosing a product, consider the cost and profit margin of the product. It is necessary to choose products with lower costs and higher profit margins to ensure the profitability of the stall. At the same time, it is necessary to pay attention to controlling inventory and wastage to reduce operating costs.
5.Choose seasonal products
Seasonal products are in high demand during a specific season and can bring high income to the stall in the short term. Such as cold drinks in summer, hot drinks in winter, etc. When choosing seasonal products, it is necessary to pay attention to the sales season and cycle of the product to avoid product backlog and loss.
Here are a few product categories that are suitable for stall selling:
1.Food & Beverages:Such as snacks, barbecue, cold drinks, hot drinks, etc. These products are in high demand and easy to consume, making them suitable for stall sales.
2.Handmade and creative products:Such as handmade jewelry, creative home furnishing, personalized customization, etc. These products have a unique character that can attract the attention of consumers.
3.Daily necessities and small goods:Such as jewelry, cosmetics, trinkets, etc. These products** are low, easy to buy, and attractive to consumers.
4.Seasonal products:Such as cold drinks in summer, hot drinks in winter, holiday gifts, etc. This type of product is in high demand during a specific season and can bring high income to the stall in the short term.
In short, when choosing a stall product, it is necessary to follow the principles of understanding market demand, selecting consumables, determining product characteristics, considering product costs and profit margins, and choosing seasonal products. At the same time, according to their own interests, skills and resources, choose products that are suitable for them to improve the success rate of setting up a stall business.
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