Planning to start a Sari-Sari store business sooner or later? This article is for you. In the Philippines, Sari-Sari stores seem to become the norm since they can be found mostly along the streets. Sari-Sari store is simply a convenience store that is translated in English as Neighborhood Sundry Store. The common features of a Sari-Sari store in our country are those screen-covered or metal-barred windows with various displayed jars containing different types of candies and chocolates. Others also sell prepaid load, canned and frozen goods.
According to Statistics, there are over 1.3 million Sari-Sari Stores in the Philippines and 94% of the consumers rely on them for their everyday needs. If it ever occurs to your mind to start a Sari-Sari store business, then you have come to the right place. You don’t want to enter a business you have the faintest idea about, right? So, here, we have written down some guides to help you plan with your Sari-Sari store this 2022!
Customer- the most essential factor in Sari-Sari store business. It’s recommendable if your Sari-Sari store location has good accessibility- either near establishments like hospitals and terminals or where passersby usually frequent. However, if you have a limited budget, you can still start a Sari-Sari store adjacent to your house which will spare you from renting and staying close to your family. You can just look for a better place when your business accumulated enough profit.
2. COME UP WITH A BUSINESS PLAN
Before you begin a Sari-Sari store business, you must first conduct a survey. You should know the number of stores within your area, figure out the most purchased store items, check the average pricing per item, what are the goods they sell, and observe the food traffic in the place as well as the operating hours in order for you to decide if the business is really feasible for you.
3. DIFFERENTIATE YOUR STORE
Think creatively. Do not limit on selling FMCG or fast-moving consumer goods like soy sauce, vinegar, cigarrette, or softdrinks. If you have a budget, you can spice up your store a little or put some twists. You can opt for a Sari-Sari store with carenderia, Sari-Sari store with internet shop, Sari-Sari store with rental WiFi, Sari-Sari store with water refilling shop, or Sari-Sari store with videoke. The main point is to come up with a novel idea to attract customers.
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Thank you! Great help