Question

Advantages and disadvantages of street vendors

Answer 1

Answer:

Street vendor business is very common. There are so many products being offered in the street offering people with instant access to the things that they need. On the other note, there are some street vendor business pros and cons present.

When you are planning to begin the street vendor business, you have to weigh the pros and cons properly. There are some street vendor business advantages and disadvantages that you must be aware of. Knowing the information about this will surely help you decide on starting the business.

First, you have to know some of the pros of street vending business. The first advantage of this kind of venture is that you will have the chance to evaluate the area you are planning to establish your business. Since vending business can be transported from one place to another, you can easily relocate to the other places once you seem that the current market you have will not offer you with the profits you are targeting. This is not like the other complex businesses where the location they currently have will be fixed.

One of the main disadvantages in street vending business is its neck to neck competition. Once you established this business, there are so many street vendors that may come. This may be the reason why these kinds of businesses are made transportable because they need to go to one place to another in order to look for the prospects of their business. And because of the competition of this kind of business, there is difficulty in searching for the right business location.