The tile shop business is a lucrative. In the beginning, it needs heavy investment but in the long run, the return is high. But the complexity of this business lies in the merchandise, as there is unlimited design in tiles. The tiles design gets obsolete with passing time, so one has to be updated about trendy design in the business.
To start a tile shop Ringwood, open must start with research. Researching the area where you want to open your shop. Study the other tile shops in the area, study their merchandise and categories of tiles they are keeping. It will help you to find the gap in merchandise which you can exclusively offer to the customer in the same area. Also, observe the services they are offering to their customers like design software or tile installation. It will help you to gather data about the required services you need to offer to your customers or introduce any new service.
The first most and biggest investment in tile business is real estate. As you need a bigger area for displaying your merchandising, so the major amount of your investment will be taken by rent or lease of the shop. Try to choose the accessible location and have ample of parking and it will be better if that location is nearby or in the commercial area, where the flow of customer is regular.
Sourcing for tiles is crucial for your business success. Decent bathroom shops must contain all the required categories of tiles that are sellable in a particular area. The variety in design is also critical as people always demand new things in every buying cycle. Keep your merchandise updated with new trends and designs. List down the good tile manufacturer and chalk down a strong commercial contract which can help you to secure a good margin on sales.
Hire experienced staff who should have ample knowledge about tile business and types. As customers will have questions regarding their needs and your staff should be well equipped to answer those questions. Staff must be knowledgeable to understand the customer needs and offer the solution which can be suited to their requirement.
Try to find a construction contractor in your area and work to develop a relationship with them. This will help you get bigger orders for tiles as contractors will be working on large civil projects, and they can help you to secure large orders.
Train yourself about the tile industry and tiles!! You will be able to run the business more successfully if you have complete knowledge about the product and market practices. So spend some time in learning the business tactics and traits