How profitable is owning a LFS?
- Thread starter Aere
- Start date
From what I see you really have to be extra good at customer service and sales or else you will struggle.
From what I learned not very profitable compared to say restaurants and other industries. Again if the store does maintenance on many homes and businesses and has a decent amount of foot traffic in their store then yes it can be making great money. Not many do.
The other argument is the online stuff is killing the lfs. But I just think that's because the lfs aren't up on the Internet game. If they also have an online store that just opens up more ways to make money.
Business is in many ways like a reef or a garden. The more work and care you have for it, the end result is one of satisfaction.
From what I learned not very profitable compared to say restaurants and other industries. Again if the store does maintenance on many homes and businesses and has a decent amount of foot traffic in their store then yes it can be making great money. Not many do.
The other argument is the online stuff is killing the lfs. But I just think that's because the lfs aren't up on the Internet game. If they also have an online store that just opens up more ways to make money.
Business is in many ways like a reef or a garden. The more work and care you have for it, the end result is one of satisfaction.
its crazy and nasty with some of these vendors/ Retail stores. not saying any names or blasting anyone nor trying to knock the hustle , but be for real like you'll by a box lot of 18-25 corals... for $400-800USD and then make your profit after selling quite a few polyps if you are a known vendor and your name is big. and for the people with the big names its even more profitable. there is only a hand full of vendors out there that sell near to what they buy to make a little profit and to make the reefers happy. if i were to open up my own store thats what i would do not knock up the price of a coral by 500x the amount.
"Brick and Motar" and "eCommerce" need to be utilized together.
Generating as much business as you can.
I started to build a business plan and gave up because I did not see any profit
The burn rate was way to long for me
Rent is also retarded
A home based eBusiness might work
Know a good electrician Wink Wink
Generating as much business as you can.
I started to build a business plan and gave up because I did not see any profit
The burn rate was way to long for me
Rent is also retarded
A home based eBusiness might work
Know a good electrician Wink Wink
