How lucrative is setting up a retail business in rural area?.

hastral45 · Jun 19, 2023

Because of its remoteness, rural area is sometimes lacks the provision ofc some basic needs. The requester of some of those basic needs have to rely on supplies from cities to keep up their demands. In a situation like this, how lucrative is it to establish a retail business in the rural area?.
My fear in this kind of businezz is that for you to succeed in this business, credit facility must be minimized and controlled. And the s the kind of facility that your customers would like to enjoy because they like debit transaction more than credit transactions

aovurevu · Jun 20, 2023

hastral45 said:
Because of its remoteness, rural area is sometimes lacks the provision ofc some basic needs. The requester of some of those basic needs have to rely on supplies from cities to keep up their demands. In a situation like this, how lucrative is it to establish a retail business in the rural area?.
My fear in this kind of businezz is that for you to succeed in this business, credit facility must be minimized and controlled. And the s the kind of facility that your customers would like to enjoy because they like debit transaction more than credit transactions

Selling in retail in rural areas is actually profitable , since you may be the only one selling stuffs in such a large community , and you also need to make sure the location you will be using won't be that far from where you can get products in bulk when you need it .

Springtime · Jun 22, 2023

I think if you plan to set up a retail business in a rural area, the products you sell should be some basic necessities such as rice, canned food, edible oil, noodles and eggs. Residents in the rural area may find it convenient to buy staple foods from your store instead of traveling a long way to stores in the city.

eldavis · Jun 22, 2023

It mainly depends on what you are selling. You cannot expect to make much sales selling things like expensive wines or accessories in a rural area. Studying your environment and finding out what they need and selling it would definitely give you profit.

Passiveearner · Jun 22, 2023

There are many businesses that run in rural areas. However, the fact of the matter remains that there are certain specific kind of areas where the demand of certain products is quite high.

aovurevu · Jun 22, 2023

eldavis said:
It mainly depends on what you are selling. You cannot expect to make much sales selling things like expensive wines or accessories in a rural area. Studying your environment and finding out what they need and selling it would definitely give you profit.

Sure, what do sell most in rural areas are basic things which they can't do without and they don't really fancy luxuries like those in urban areas do , items like foods and some other basic items is what they really need.

Niyi Briggs · Jun 22, 2023

Just basically don't focus on foodstuff because they have foodstuff in abundance over there. Deal more with provisions like toothpaste and basic things that are not agricultural and you would succeed.

hastral45 · Jun 22, 2023

Y

Niyi Briggs said:
Just basically don't focus on foodstuff because they have foodstuff in abundance over there. Deal more with provisions like toothpaste and basic things that are not agricultural and you would succeed.

You can deal in foodstuffs as well. It is not all foodstuffs that are readily available. It depends on vyour location. Like inv my areas, you can be selling foodstuffs like rice and beans because those are popular staple foods that are not produced inb my region here.

Post automatically merged: Jun 23, 2023

aovurevu said:
Sure, what do sell most in rural areas are basic things which they can't do without and they don't really fancy luxuries like those in urban areas do , items like foods and some other basic items is what they really need.

You can't expect to sell luxury things in rural areas. Things like basic commodities move fast in the rural areas than the urban areas because vthere are No stiff competition in the trades.

Niyi Briggs · Jun 23, 2023

@hastral45 that is very true. You can actually sell some foodstuff in such locations that they are not readily available. But the truth is that non agricultural retail products move better in rural areas.

cherry123 · Oct 27, 2023

You can make a living and a success of it. it depends on your management and want you are selling. if you sell household items or groceries you are bound to make good money.

freelancermaria · Aug 15, 2024

Yes, starting a retail business in a rural area is completely doable. It really comes down to the location, pricing, advertising, and so on. Plus, there is less competition to worry about.

Stardom22 · Aug 16, 2024

For me l am very sure that the retail business is very lucrative in the rural areas.

Kera · Oct 31, 2024

It would still be profitable to set up a retail business in rural areas if you sell products that rural people really love to patronize.

King Belieal · Oct 31, 2024

Retailing groceries, drugs and farm supplies would surely work out well in the rural areas because those are essential products for them.

Passiveearner · Nov 1, 2024

There are certain businesses that might be lucrative when it comes to starting any kind of business in a rural area. I think that fertilizer business might be quite lucrative in such kind of areas.

King Belieal said:
Retailing groceries, drugs and farm supplies would surely work out well in the rural areas because those are essential products for them.

How lucrative is setting up a retail business in rural area?.

hastral45

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aovurevu

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Springtime

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eldavis

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Passiveearner

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aovurevu

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Niyi Briggs

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hastral45

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Niyi Briggs

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cherry123

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freelancermaria

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Stardom22

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Kera

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King Belieal

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