Looking at the current situation, is there still a profit margin for opening a convenience store?

To be honest, in recent years, it has become increasingly difficult to do physical business. Especially in the field of retail, it's even worse. What do you think about this?

I have been struggling in the retail industry for a whole decade, and now I have finally left this industry. In 2024, Have you tried this before? Share your story! I have to tell you, don't step into the 'pit' of retail again.

Some people used to think that opening a small shop was good, but now the situation is different. With the rise of online shopping, I've found that it's becoming increasingly difficult to do business in physical stores. Have you tried this before? Share your story!

Especially in the retail industry, competition is fierce and profit margins are becoming smaller and smaller. My own experience tells me that the current retail market is not that easy to navigate. So, if you plan to enter the retail industry, Have you tried this before? Share your story! It's best to think twice before acting, so as not to suffer losses.

Currently, when opening convenience stores or small supermarkets, there are a series of challenges to face.

Firstly, there is the issue of store rent. Whether in small or large cities, the rent is relatively high. For stores ranging from 50 to 100 square meters, the monthly rent may be as high as tens of thousands to hundreds of thousands of yuan. What do you think about this?

Next is the issue of tobacco licensing.

In recent years, tobacco control policies have become increasingly strict, and the distance restrictions for selling tobacco vary in different cities. Let me know your thoughts in the comments! Although selling cigarettes may have certain risks and challenges, cigarettes, as a popular commodity, have the function of attracting customers and increasing store traffic, while also bringing considerable income to the store Let me know your thoughts in the comments! Therefore, even if facing some difficulties and limitations, I've found that it's still necessary to consider selling cigarettes in stores.

If you want to be in the store Selling cigarettes without relevant documents can become quite tricky Because once I've found that it's discovered that cigarettes are sold without a tobacco license, it may face various reports, not only from peers but also from customers. Don't forget to share your experience!

Almost everyone who has already opened a store will have corresponding documents, Unless you are opening a new store under a new property or taking over a store that already has a tobacco license. Have you tried this before? Share your story! Otherwise, due to the distance requirement not meeting the regulations, I've found that it's likely that a license cannot be obtained and tobacco products cannot be legally sold. Have you tried this before? Share your story!

At present, competition is indeed fierce, There are various tobacco hotels, convenience stores, small supermarkets, and emerging snack brands everywhere. Driven by capital, these brands have rapidly developed like mushrooms after rain and blossomed everywhere.

Moreover, many stores are adopting sales strategies that are close to the purchase price, making customers feel that they can save money. After all, Don't forget to share your experience!Everyone is willing to spend less money on the same thing, right?

This market environment is indeed a challenge for those who open stores.

Retail goods Profits are becoming increasingly transparent, and profit margins are gradually shrinking Previously, products like fast-moving goods usually had a gross profit of 20 to 30 points, but now the situation is different. Have you tried this before? Share your story!

Many e-commerce platforms have also started selling the same products at wholesale prices, which has made it increasingly difficult to sell fast-moving goods. Don't forget to share your experience!

After all, being able to purchase the products they need online at lower prices is indeed a challenge for physical stores. Don't forget to share your experience!

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