LoveCannada wrote: Thu May 17, 2018 12:35 pm
Too much choice can be a bad thing. There's so many moms now I just don't have the time to look through them.
I wonder how they all stay in business. Must be a tough market to get started in.
Hello LoveCanada
My name is Tony from CheapWeed, pleasure to meet you
Definitely can agree from a consumers point of view, as I feel the same with restaurants locally where I live,
For example Sushi, there are a thousand of sushi restaurants, all nice appeal but hard to tell which is good or consistent.
Psychologically, we go to a business which looks the most busy, lineups etc, or testimonials.
We are still fairly new, about 2 months into the business, however we have grown and have been consistent and love meeting new comers in the community.
To provide an honest answer about your question about how MoM's stay in business
The overhead is essentially not high, (overhead meaning revolving monthly expenses)
- Rent
- Phone Bill
- Labour
Stock essentially is inventory purchased upon launching the business so it's not a revolving expense
However overtime if products do not sell, there will be losses, so as long as businesses are always retailing products and selling, there isn't much costs involved!
Hope you have a great day and feel free to PM me if you ever have any other questions or concerns about the nature of the business or just want to chat!
Warm Regards
Tony