A few years ago, I was fresh out of college and accepted a job that I thought was cool and paid good (I'm not telling you what it was, so don't ask). It wasn't related to my field of study (Economics & Psychology), they just wanted anyone with a college degree. A few months into it and I started hating it, it just wasn't me. So I left that job and moved to a new town, closer to my sister, for a new beginning.
I started looking for jobs more closely related to my degree, but couldn't find any. A few months later, my pockets were getting empty and so was my patience, so I started looking for ANY job, but I couldn't find any. I had moved from a city where most of the Malls had Convenience Stores. So when I had visited the Shopping Mall in my new town, I noticed they didn't have one. I thought it would be a good opportunity. I ran the idea by some family and friends and was promised funding if I wanted to pursue it. My next step was to run the idea by the Mall, hoping they would approve it. I spoke with the leasing agent and as soon as I said the magic words "Convenience Store," the deal was approved.
The leasing agent had given me an option to open it in a regular in-line store front or open it on a Cart. I thought, "how is it possible to open a Convenience store on a Cart?" There are so many types of snacks, candy, drinks, etc... It just didn't register in my head. But, if I were to start it up on a Cart, I would be saving over $10,000 a year just on rent, not to mention utilities and garbage fees (you don't pay for utilities or garbage when you have a Cart). And the Mall gives you a Cart for FREE for the length of the lease term, unlike a Kiosk which you have to purchase on your own (Average pricing on these is about $6,000+ for a new one). Not to mention, Carts and Kiosk do not need to be marketed as much as in-line stores. That's because they're right in the middle of Mall pathways and right in the middle of all that foot traffic. Carts especially promote a lot of impulse buying because products are more openly displayed. So I thought, if there was a way I can open this on a cart, I would save a ton of money, and I would certainly start making money from day one with all that impulse buying (Mmmm, look at all that Candy! I'm so thirsty, oh look, they have soda!).
Sunday, November 22, 2009
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