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Starting a New Hobby Shop
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Well just a few observations that I've had in my area is that the little stores seem to go out of business. Only the bigger stores are surviving. I don't know if that's because the bigger stores have been around longer and so more people know about them or if it's due to the bigger stores having more selection. <br /> <br />Also just as general retail advice. You'll have to draw people in away from other stores and the internet which means you're items like locomotives are going to have to be at reduced prices possibly even at a loss to get people in. While they're there however you have to sell them the little things at increased prices. Things they know they can maybe get cheaper elsewhere but buy because they're already there or because it's more convenient. The best things to up the price on are items that are required for something else. for example the track nails tht go with track or the glue for the structures. Most people won't even look at the price first. <br /> <br />Do some research. Especially on the location. Find someplace that is starved for hobby shops. People in the area will then come to you instead of the other place(s) because you're closer and more conveinient. Another good place may be on the route to another hobby shop from a major part of town. That way business going their way is likely to notice you and at least come in to see what you have. The other hobby shop however may not be so happy with you cutting into his business. <br />
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