Developing an effective go-to-market strategy for a street shop involves identifying an ideal target customer base, selecting appropriate products and pricing, and choosing a high foot traffic location. Key elements of the strategy include creating an appealing store layout, maintaining adequate inventory levels, developing a marketing plan using social media and local advertising, providing excellent customer service, and gathering customer feedback to improve over time. The goal is to attract and retain customers through a combination of these operational, marketing, sales, and service activities.