zephyrlife started this topic @ 17:56 on 14/03/2007
Hi,
I'd like some opinions on my current situation. I have a 5 month old alternative fashion online retail business, which has been making £500 per month profit. 3 months ago I also opened a small physical shop in a busy location. Unfortunately this is not doing so well and the internet business is now subsidising the physical shop. Overall I am breaking even.
I am thinking about closing the physical shop, so that I can return to my £500/month profit! But I don't know whether I should stick it out longer seeing as I'm not getting further into debt, just breaking even.
Advice please! Thank you!
RE: advice re successful fashion business please!
bhimalhira-associates | 16/03/2007 04:51 PM
Hi,
Are the prices the same- online and the shop?
Is there a demand from the passing trade of the shop for your product? Also is it easily accessible? car parking etc?
What kind of marketing have you done for the shop?
------------------------
Regards,
BHIMAL HIRA & ASSOCIATES
Business and Management Consultants
Web: http://www.bhimalhira-associates.co.uk Email: info@bhimalhira-associates.co.uk
RE: advice re successful fashion business please!
uin2008 | 18/03/2007 04:55 PM
Hi,
I'd like to introduce us to you ,if you are interested in name brand sport shoe in your location or on line shop,you will make great profit,we can try our best to support you.
Best regards,
Peter Lee
Web: http://nikesportshoes.net MSN:uin2008@hotmail.com
RE: advice re successful fashion business please!
mflynn | 22/03/2007 09:15 AM
sounds like your target consumers are found online and are not walking past your shop even thought passing traffic is high - do you target a young consumer group by any chance?
just to check you should stand outside your shop for a day and offer leaflets with a nice promo offer and see if anyone comes into buy then - if not youre in the wrong location and might as well shut up shop - sorry 
sounds like your online business is the successful part and you should look to build that up eg more online advertising, localisation etc
Good luck!
Kind Regards
Maurice Flynn
MD
www.opendoors-newbusiness.co.uk