HEYA MATE.
HOW ARE YOU.
please WRITE Aadvertisement on launching a departmental store. Please fast.
I will mark it as brainliest
Answers
Answer:
a. Finding a Location:
Although a great location may not guarantee success, a bad location will almost always guarantee failure. Deciding where to put your business is as important as the type of business you choose to do.
A location with a reasonable degree of security, access to public transport for your customers, adequate parking is suggested.
Also look out for the competitors in the area. Lesser the competition, easier is the sales.
The best location combines visibility, affordability and lease terms you can live with. In particular, a departmental store is more successful in newly developed areas.
The rent for a place can be as small as Rs 10,000 to Rs 10 lac depending upon the city, location and size of the departmental store. The rent of a store shouldn’t be more than 4% of sales on the safer side.
2. Investment:
Once the location is sorted, you can either plan to buy a franchise or go ahead with creating your own standalone departmental store.
A. If you plan for a franchise:
Several ready-made departmental franchise stores exist which will give you complete support for which you’ll have to pay an initial fee and ongoing royalties to a franchisor.
In return, the franchisee gains the use of a trademark, ongoing support from the franchisor, and the right to use the franchisor’s system of doing business and sell its products or services.
In addition to a well-known brand name, buying a franchise offers many other advantages that aren’t available to the entrepreneur starting a business from scratch (I don’t think a normal Kirana store would be making so much money until and unless they have a large number of regular customers)
You could explore a wide range of departmental stores and retail franchise opportunities at
– Franchise Bazaar
– Franchise India
– Franchise International matching your investment levels and available for your locations.