Knowing your market before committing on location

DonaldDonald subscriber Posts: 1
edited October 2014 in Business Planning
Many retail or service business startups overlook the importance of selecting the right location before making any kind of commitment.Large chain retailers ALWAYS investigate the potential market surrounding a future retail site before putting the wheels in motion.

To optimize your site location, finding out about local demographics is the first step. An easy way to know about local markets and sales potential is to go to www.mapmymarket.info.
The site offers different types of reports to assess feasibility or consumer demographics at prices as low as $20 per report. Sample reports are available and you can view your own trade area for free.

Remember that establishing a realistic sales forecast is key to a business plan that will attract investors or satisfy financial institutions.
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