Do you make money by opening a hardware store?

Although the unit price of those goods in the store is not high, the profit is great, generally reaching 20% to 30%.

Anyone who has been to the hardware store should know that there are a wide range of things sold here. Whether it is home improvement building materials or plastic metal products, you can buy them in hardware stores. You know, the profits of these goods are not low. As long as customers enter the store, they will basically buy them. Judging from the transaction rate, it is much higher than other industries.

But the reason why a business can last for a long time is because such a business will basically be profitable. As long as people have the need for decoration or maintenance, the hardware store has its significance. However, hardware store owners need to have a reasonable idea of opening a store if they want to make a long-term profit.

Although the traffic in those hardware stores is not high, the repurchase rate of old customers is high. People who go to the hardware store to buy things usually have something to buy. As long as the boss takes good care of a customer and makes him a repeat customer in the store when there is a purchase demand in the future, the boss can continue to make money.