|
Bring In The Hard-to-find. Assuming you
understand your target market thoroughly, the next task you have is to find
things they will want to buy that they can't find any place else near
by.
Topic for Discussion: How does Carol
accomplish this?
Answer: She gets on an airplane. She walks
and walks through the markets of the world to find the hard-to-find. Also, she
cultivates close ties with manufacturers and manufacturers representatives. She
pays her bills on time so everyone will ship her on time and she even provides
feedback from her customers to her manufacturers.
The buying part of retail seems from the outside
to be the most romantic. But, like everything else, it is very hard
work.
She also warns that she doesn't buy what she
likes. She buys what she thinks her customers will buy. As we learned from
Medallion Financial, stick to your niche and you'll get rich. |