Pennies add up when Selling $1 versus 99 Cent Merchandise

Whenever you open a dollar store, you need to give some thought as to the type of merchandise you will offer.  You will need to consider whether to offer products at a $1 price point or 99 cent merchandise.  You may not think that it will make much of a difference, but remember that pennies will add up over time.

You will need to be careful about the type merchandise you offer.  You need to start by stocking the core consumables all of your shoppers will be searching for.  While they are in your store buying these core products, they will likely buy other products too.  If the core products they came to buy are not in stock though, then your customers will likely turn to another store to buy them. 

If you are just opening your store, then you also need to give some thought as to how many 99 cent products to invest in.  Buying a large amount of items may seem like a good idea, but you may end up being stuck with a lot of items on your hands.  It is best for you to see how well products sell before you buy a significant amount.

No matter whether you want to focus on selling $1 items or 99 cent merchandise, you will need a supplier to fulfill your needs.  Get on the internet to search for high-quality suppliers you can do business with.  Alternatively, you can ask other store owners who they recommend as far as suppliers go.  You may not want to ask a store owner right down the street though since your direct competition would likely be less willing to help you out much.

Another good idea is to attend trade shows that take place in your area.  You can find plenty of suppliers there.  Also, you will have the ability to test out the products yourself to ensure they are of high enough quality to sell in your store.

You are not limited to selling only $1 or 99 cent products.  You can take your store to another level and start offering dollar plus merchandise.  The biggest benefit of doing so would be the increased profits on these items.  Adding products that are more expensive than 99 cent products would expand your customer base too.

Obviously, there is not much difference between $1 and 99 cent merchandise, so it may seem that it doesn't really matter which type you sell in your store.  Although it is only a penny difference, those pennies will start adding up over time.