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Today’s	
  Topic	
  




                                 28	
  September	
  2012	
  




WomenBizSense
  Networking women in business
Business	
  Type	
  

•     SOHO	
  –	
  Home	
  Base	
  Business	
  
•     Direct	
  Sales	
  –	
  MLM,	
  Insurance	
  
•     Online	
  Business	
  
•     Retail	
  Outlets	
  




WomenBizSense
  Networking women in business
Retail	
  Outlet	
  Category	
  

•  Independent	
  Retail	
  
           	
  ~	
  Shoplot	
  
           	
  ~	
  ResidenGal	
  Area	
  
           	
  ~	
  Commercial	
  Building	
  
	
  
•  Shopping	
  Mall	
  Retail	
  

WomenBizSense
       Networking women in business
Today’s	
  Sharing	
  

•  JeaneJe	
  –	
  Online	
  Business	
  
•  Lisa	
  –	
  Independent	
  Outlet	
  @	
  ResidenGal	
  Area	
  
•  Josephine	
  –	
  Independent	
  Outlet	
  @	
  High	
  Traffic	
  
   Commercial	
  Area	
  
•  Lee	
  Min	
  –	
  Independent	
  Outlet	
  that	
  previously	
  
   owned	
  a	
  kiosk	
  in	
  Gurney	
  Plaza	
  
•  Rita	
  –	
  Subway	
  Franchisee	
  @	
  First	
  Avenue	
  


WomenBizSense
   Networking women in business
Rita’s	
  Sharing	
  
  ~	
  First	
  thing	
  –	
  Mall’s	
  T&C	
  
  	
  

  ~	
  Strictly	
  abide	
  to	
  Mall’s	
  operaGon	
  Gme	
  
  	
  

  ~	
  If	
  you	
  need	
  to	
  open	
  earlier,	
  need	
  to	
  get	
  permission	
  and	
  
  strictly	
  not	
  allowed	
  to	
  close	
  early	
  
  	
  

  ~Open	
  for	
  365	
  days	
  only	
  allow	
  3	
  –	
  5	
  days	
  closing	
  per	
  year	
  
  upon	
  permission	
  approved	
  
  	
  

  ~	
  Mall’s	
  rental	
  much	
  higher	
  than	
  independent	
  retail	
  outlet	
  
  	
  

  ~	
  Min	
  fee	
  set	
  for	
  a	
  mall’s	
  rental	
  or	
  %	
  base	
  on	
  the	
  sales	
  
  	
  

  ~	
  More	
  exposure	
  and	
  promoGon	
  =	
  CROWD	
  
  	
  

  ~	
  If	
  she	
  is	
  given	
  another	
  choice,	
  what	
  is	
  her	
  decision?	
  
WomenBizSense
         Networking women in business
Pros	
  &	
  Cons	
  
  Pros	
  :	
  
  	
  

  ~	
  Retail	
  outlet	
  will	
  able	
  to	
  have	
  high	
  exposure	
  and	
  walk-­‐in	
  
  customers	
  
  	
  

  ~	
  Customers	
  able	
  to	
  try	
  out	
  the	
  products	
  &	
  services,	
  able	
  to	
  give	
  
  consultaGon	
  and	
  recommendaGon	
  
  	
  

  ~	
  Have	
  more	
  opportunity	
  for	
  business	
  expansion	
  and	
  strategic	
  
  alliance	
  with	
  reputable	
  partners	
  
  	
  

  ~	
  PotenGal	
  to	
  go	
  franchise	
  or	
  licensing	
  
  	
  

  ~	
  Increase	
  customer’s	
  confidence	
  
  	
  

  ~	
  The	
  retail	
  business	
  must	
  be	
  unique	
  compare	
  to	
  compeGtor	
  	
  
  	
  


WomenBizSense
         Networking women in business
Pros	
  &	
  Cons	
  

  Cons	
  :	
  
  	
  

  ~	
  High	
  expenses	
  such	
  as	
  rental,	
  wages	
  &	
  etc	
  
  	
  

  ~	
  If	
  located	
  at	
  low	
  traffic	
  area,	
  will	
  be	
  limited	
  to	
  surrounded	
  area	
  
  	
  

  ~	
  Have	
  to	
  do	
  promoGon	
  to	
  drive	
  crowd	
  to	
  the	
  retail	
  outlet	
  
  	
  

  ~	
  Opening	
  an	
  outlet	
  will	
  need	
  a	
  huge	
  capital	
  &	
  strong	
  cash	
  flow	
  
  	
  

  ~	
  Difficult	
  to	
  hire	
  staff	
  
  	
  

  	
  




WomenBizSense
         Networking women in business
The	
  End	
  




WomenBizSense
  Networking women in business

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Should You Open A Retail Outlet?

  • 1. Today’s  Topic   28  September  2012   WomenBizSense Networking women in business
  • 2. Business  Type   •  SOHO  –  Home  Base  Business   •  Direct  Sales  –  MLM,  Insurance   •  Online  Business   •  Retail  Outlets   WomenBizSense Networking women in business
  • 3. Retail  Outlet  Category   •  Independent  Retail    ~  Shoplot    ~  ResidenGal  Area    ~  Commercial  Building     •  Shopping  Mall  Retail   WomenBizSense Networking women in business
  • 4. Today’s  Sharing   •  JeaneJe  –  Online  Business   •  Lisa  –  Independent  Outlet  @  ResidenGal  Area   •  Josephine  –  Independent  Outlet  @  High  Traffic   Commercial  Area   •  Lee  Min  –  Independent  Outlet  that  previously   owned  a  kiosk  in  Gurney  Plaza   •  Rita  –  Subway  Franchisee  @  First  Avenue   WomenBizSense Networking women in business
  • 5. Rita’s  Sharing   ~  First  thing  –  Mall’s  T&C     ~  Strictly  abide  to  Mall’s  operaGon  Gme     ~  If  you  need  to  open  earlier,  need  to  get  permission  and   strictly  not  allowed  to  close  early     ~Open  for  365  days  only  allow  3  –  5  days  closing  per  year   upon  permission  approved     ~  Mall’s  rental  much  higher  than  independent  retail  outlet     ~  Min  fee  set  for  a  mall’s  rental  or  %  base  on  the  sales     ~  More  exposure  and  promoGon  =  CROWD     ~  If  she  is  given  another  choice,  what  is  her  decision?   WomenBizSense Networking women in business
  • 6. Pros  &  Cons   Pros  :     ~  Retail  outlet  will  able  to  have  high  exposure  and  walk-­‐in   customers     ~  Customers  able  to  try  out  the  products  &  services,  able  to  give   consultaGon  and  recommendaGon     ~  Have  more  opportunity  for  business  expansion  and  strategic   alliance  with  reputable  partners     ~  PotenGal  to  go  franchise  or  licensing     ~  Increase  customer’s  confidence     ~  The  retail  business  must  be  unique  compare  to  compeGtor       WomenBizSense Networking women in business
  • 7. Pros  &  Cons   Cons  :     ~  High  expenses  such  as  rental,  wages  &  etc     ~  If  located  at  low  traffic  area,  will  be  limited  to  surrounded  area     ~  Have  to  do  promoGon  to  drive  crowd  to  the  retail  outlet     ~  Opening  an  outlet  will  need  a  huge  capital  &  strong  cash  flow     ~  Difficult  to  hire  staff       WomenBizSense Networking women in business
  • 8. The  End   WomenBizSense Networking women in business