When you start a retail business there are many things to consider, what kind of point-of-sale system do you want; what are your stock management needs; do you need to network shops, how will you manage your books, analyse your profitability and grow your business; and how will you deal with technical issues and stay up-to-date with changes in the retail industry.
If you are looking to start a prepaid cellular retail business, a cellular phone topup retail business solution can help you. Prepaid Wireless Direct offers a complete range of retail services from Prepaid Cellular, bill payment servies, international money transfer, debit card cash loading, International Top Up - This product allows your customers to directly recharge cell phones for friends and family in over 60 countries! with technical support, and training.
Sales are the most important aspect of any retail business. During a busy retail day, you may process a variety of transactions. Customers may only be in your store for a short period of time, so you want to ensure a positive customer experience. To do this, you need to be able to process sales quickly and make the most of promoting other items in your store.
What makes a retail business profitable?
For a retail business to be profitable, there are seven main financial indicators that need to be
considered:
Sales—What are your sales targets and are you achieving them? Who are your customers,
what do they buy and how much do they spend?
Margin—What margins are you getting on your sales? (Margin is the difference between
the cost of goods and the selling price and is expressed as a percentage of selling price.
Stock levels—What are your best selling items and do you have sufficient quantities on
hand?
Stock turns—What is your return on investment for the stock you have purchased?
Total occupancy costs—What is the total amount you pay each month for your premises,
including rent and associated costs?
Other costs—What are your staffing costs and costs associated with renting furniture and
fittings?
Cash Flow—How do you manage your cash?
Understanding each of these financial indicators is essential to building and sustaining a
profitable business.
Prepaid Direct Wireless offers a turn-key program that will help you generate extra revenue without acquiring inventory!
There is absolutely no cost to you to get started and set up is simple.
We have a fast growing network of retail agent partners all across the United States.
We provide proven marketing strategies and assistance for our agent locations to aid in a successful product launch.
Superior customer support.
To get started today or for more information, please call (877) 947-3577 or email: getstarted@prepaiddirectwireless.com
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