A Checklist for Choosing a Profitable Location
Posted: Tue Jan 07, 2025 9:51 am
Opening a street retail business in a residential complex is a gamble. You can win a big prize or be left with nothing.
High demand, guaranteed traffic, low competition - it seems that success is guaranteed. But the reality is that choosing the right residential complex is a task with many unknowns, and a mistake can be expensive.
At Astrum Real Estate Management Company they hungary telegram know what factors influence the success of a business in a residential complex. Deputy General Director of the company Tatyana Kozlova shared a checklist that will help you choose a location for a profitable business.
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Analysis of a residential complex
Let's figure out what needs to be done to conduct a successful LCD analysis.
Portrait of a resident
First of all, define your target audience. Who is your ideal client? Where do they live, how much do they earn, how do they spend their free time?
Advice : study the housing complex websites and social networks, read the residents' reviews. Often, developers conduct surveys and publish them. Sometimes they are ready to share the results, from which you can find out the age, marital status and interests of the residents.
Choose a residential complex with the appropriate positioning. For example, a farm produce store is unlikely to be in demand in an economy-class residential complex, but it can become a hit in a business-class residential complex.
RB.RU organizes a meeting of the Founders' Mondays project for beginning and experienced entrepreneurs. Twice a month on Mondays.
High demand, guaranteed traffic, low competition - it seems that success is guaranteed. But the reality is that choosing the right residential complex is a task with many unknowns, and a mistake can be expensive.
At Astrum Real Estate Management Company they hungary telegram know what factors influence the success of a business in a residential complex. Deputy General Director of the company Tatyana Kozlova shared a checklist that will help you choose a location for a profitable business.
Subscribe to RB.RU in Telegram
Analysis of a residential complex
Let's figure out what needs to be done to conduct a successful LCD analysis.
Portrait of a resident
First of all, define your target audience. Who is your ideal client? Where do they live, how much do they earn, how do they spend their free time?
Advice : study the housing complex websites and social networks, read the residents' reviews. Often, developers conduct surveys and publish them. Sometimes they are ready to share the results, from which you can find out the age, marital status and interests of the residents.
Choose a residential complex with the appropriate positioning. For example, a farm produce store is unlikely to be in demand in an economy-class residential complex, but it can become a hit in a business-class residential complex.
RB.RU organizes a meeting of the Founders' Mondays project for beginning and experienced entrepreneurs. Twice a month on Mondays.