Hello wizards
The law of biz is the same everywhere "THE SUPPLY & DEMAND"
but how often a consumer comes is different.
whatever i may be doing professionally i often think how to make consumer come more. my personal observation of some biz where consumer come more often like [Barbershop, Shoe Repair, Dry Cleaner,] these all are service industry, where consumer comes to "B" every 2 weeks, once or twice a month, pays a service fee plus tip;. Next "SR" consumer leaves a product(s), pays a fee; consumer has more shoes and clothes than there are hairs to cut. Last "DC" the same concept as "SR"
Pro side of these biz is Entrepreneur doesn't go to look for customers, customers look for them. The "SR" and DC" has upside against "B"
So what is the formula for success for opticianry?
Consumers come every 6 months or 1 year for Rx Change with some eyewear repair every 2ndweek of month or so but they pay a very high amount once or according to payment plan with optician. Logically apart from "B,SR and DC" customers pay once to optician but to these biz they pay little but come often to them even the financial books have such term like 'dollar cost average'
here is definition from www.investopedia.com
The technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price or weather, personal illness.
Usual Suspects for Success
Location
Skills & Business Personality of entrepreneur
Anyone has more ideas thnx a bunch:idea: :D
Bookmarks