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New Electrical Store Help

NewBiz2011 · 2011-10-04 08:30:16

I am in the process of opening up an electrical store(or chain of!!).What I am asking everyone is, as a consumer what would influence you in purchasing from me(apart from the obvious of low price) compared to the larger outlets.Also if you have time please could you list your top items large or small that you purchase…

Comments

#32 10-10-2011 09:23AM

knighted_1

Closed Accounts Posts: 870 ✭✭✭

Join Date: October 2006

Posts: 852

NewBiz2011 wrote: »

Hi guys,

thanks a million for all the responses very valued info.I know this industry inside out and know most of the pitfalls out there but I do feel that there is a market for a quality service with some niche products.I am aware of the margins achieved and they are nowhere near 25%.Knighted t.

you will go under if your not getting that type of margin -

what margin had you previously been operating

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#33 08-11-2011 02:55AM

UrbanSea

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Posts: 18034

I just saw this now. OP margins are in the 20-25% depending on brands, lowest would be about 18% and I think it's the likes of Miele who would be one of the lowest.

Service is a huge thing. Consumers don't like been fobbed off a week out of gaurantee or something which is often seen with larger electrical stores. Also,charging the guts of thirty euro for a delivery isn't liked.

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