How to open a trading place

In order to carry out trade, it is necessary to carefully think over all issues related to the organization of a trading place and calculate possible risks. Proper organization requires certain knowledge and ability to navigate in the chosen field.

You will need

• - identity document;

• - a computer with Internet access;

• - funds for the organization of a trading place.

Instruction manual

1

If this is your first point of sale, create a business plan. A business plan is a financial project of your trading activities. It displays indicators such as profitability, payback periods, current and non-recurring expenses, etc. In this document, be sure to reflect all expenses, including those associated with the opening of the outlet.

2

Find suppliers, conduct preliminary negotiations with them about cooperation, pay special attention to financial issues. Try to achieve the lowest possible purchase prices.

3

Register a retailer. Both individual entrepreneurs and legal entities can trade in goods. Choose the form of management that best suits the scale of your business.

4

Find a room for your future outlet. When choosing, take into account the demand for your product, competition, current prices, focusing on the specific place where you plan to start trading.

5

Register with the district tax office at the location of the outlet.

6

In order to attract the attention of potential customers, organize an advertising company. Create bonus programs, discount systems. This step will allow you to quickly attract customers to a new outlet.

7

Buy goods from suppliers. Start trading.

note

Trade in certain types of goods is possible only after obtaining a state license or permission. Be sure to include the cost of acquiring these documents in the business plan of the merchant. Otherwise, due to unaccounted expenses, you risk losing a significant part of the profit.

Useful advice

When looking for a place to trade, use the offers posted on bulletin boards on the Internet. This is one of the cheapest effective ways to find a trading place.