Starting to build a business is not an easy matter, especially businesses that require large capital such as building materials stores.
However, even though it is referred to as a business that is not easy and requires large business capital, the building materials business can be categorized as a business that has good prospects in the future because people’s needs for the business do not know the seasons.
The profit opportunities of having a building store business can be seen along with the many developments in Indonesia.
Not only large buildings or infrastructure, housing projects also require a large supply of building materials.
This is an opportunity that you can capture and realize into a brilliant business in the future.
Tips For Starting A Building Store Business
Based on these facts, of course, making the building store business opportunities are still very wide open in urban and rural areas.
But keep in mind that to develop a building store business is not as easy as turning the palm of the hand.
Building store business requires large capital because the prices of building materials are relatively expensive.
Here are tips that you can try to start your business or business building materials store:
Determine The Target Market
Types of building materials are very diverse, it would be too much for every businessman especially if alone to handle everything at once. You have to choose in which product you want to focus.
Focus is important because it will allow you to become more developed and profitable. Try to determine your market share. Whether individuals or willing to do business through the project.
Find a suitable location for a building store business
Some building materials are better suited in certain locations while others are good in other locations depending on the target market.
For example, materials such as cement are best located near New and developing sites/areas while Paint is better from sites near residential complexes.
Therefore, find a suitable location to start your building store business.
Also manage your inventory easily using the web-based inventory application.
Find a place to sell
Whether open ground, shop, or shophouse depends on the type of building material you want to work with.
Materials such as Iron do not require a shop or shop in most cases, although you may need a shop/office to conduct your customer transactions, not for stock storage of building materials.
Find Supplier
There are many suppliers who can supply building materials. Find those who can work well together and negotiate a deal with them.
The importance of having regular suppliers is not overemphasized. If you are reliable and trustworthy, the chain of suppliers will not break and you make a profit.
Start Doing Marketing, Promote Building Business Store
The mistake most business owners or building materials businesses make is waiting for a buyer to come.
Yes, they do come but it’s better if you can reach them.
This will reduce the chances of customers going elsewhere to buy because you are not the only one opening a building materials business or venture.
Find the time to be able to meet with the building owner or contractor and offer your deal in person.
That way, they can see that you are a businessman who has skills in doing marketing.
Advantages Of Running A Building Store Business
To start a building store business requires very careful planning. If you succeed, this business becomes a business that is so much in demand because of the quick return on capital and the profits generated are quite large.
Below we will discuss some of the advantages of running a building store business:
The Need Will Always Be There
Housing and residential buildings are human needs that will always exist from time to time.
The existence of this fact makes the material business will always need its existence.
Goods Are Not Subject To Shrinkage
If the business of food or fashion will certainly experience limited time to be consumed or used.
This does not apply to the business of building stores.
Materials such as stone, sand or iron will not experience expiration or time constraints.
This is one of the advantages of the materials business that can be considered, because the absence of an expiration period means there is no depreciation expense of the business product.
The profit obtained is very large
Although building materials are not a daily staple that has the possibility to always be purchased every day, but opening a building store remains one thing to consider because the selling price of its products has a very high margin.
With this high margin, a building store entrepreneur has the possibility to survive and enlarge his business even though building materials are not daily necessities and require large capital at the beginning of the business.
Doesn’t Have Many Competitors
Because the capital required is quite large, then not everyone thought of opening a building store business. It’s one of the very profitable things.
With the least number of competitors, the smaller the business competition that occurs.
Viewed from the business side, this will open up business opportunities for building stores to last longer than other businesses that tend to have many competitors and are easily duplicated or imitated.
Partner to earn capital
Because the goods sold in building stores are not always sold quickly, then usually the supplier is easy to provide loans for goods as capital if the building store you have is already famous for its good reputation.
This is very profitable, considering that the turnover of money in the store business is very large.
Lending goods as capital will increase business opportunities, increase profits without having to increase the burden of working capital.
With some of the explanations above, we can find out some of the advantages of opening a building store business.
There are still many other business opportunities that we can do besides opening a building store.
However, one thing we must ensure when opening a business is good financial management and business applications.
With good money management, we will avoid abuse and losses in the future.
To assist in financial management and make financial statements in the business of building stores and other businesses,
You can rely on journals that have Android accounting and bookkeeping applications that make it easy to create Company financial reports instantly.
With inventory applications to financial records applications from journals, you can also monitor financial statements anywhere and anytime in realtime.
Register your business now and get the experience of managing finances easily now.
Those are some tips on how you can start your building store business. The building materials store is a type of business that can bring the advantages that have been mentioned also above.