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by MTank411 on February 12th, 2007

MTank411

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How do mom and pop stores stay in business?

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Answers. 7 helpful answers below.

  • by ALABAMAMAN on July 27th, 2007

    ALABAMAMAN

    GOOD ONES STRUCTURE THEMSELVES WITH SYSTEMS,RULES,PROTOCOL, AND PLANNING OF A FORTUNE 5OO COMPANY. THEY VISUALIZE THEMSELVES AS THEY ARE CURRENTLY AND AS THEY HOPE TO BE IN THE FUTURE. IT IS THE CONSISTENCY OF PURPOSE THAT HELPS THEM DELIVER AN EXCELLENT PRODUCT. IT IS AN EXCELLENT PRODUCT THAT KEEPS THE CUSTOMERS FLOWING. IT IS CUSTOMER FLOW THAT WILL FUEL THEIR GROWTH. IT IS THEIR GROWTH THAT WILL ONE DAY RELIEVE THEM OF THE 'MOM AND POP' LABEL. BEFORE YOU KNOW IT, 'MOM AND POP' ARE BEING PUBLICLY TRADED ON THE NYSE....AINT AMERICA BEAUTIFUL.

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  • by duelster on April 26th, 2007

    duelster

    people like myself prefer these "personal" stores rather than the big WalMart type stores

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  • by tjatherton on February 12th, 2007

    tjatherton

    They bought the land and building when it was cheaper, and over the years it has increased in value and their mortgages are still low. They have little or no other labor to be paid, and they have excellent credit with their vendors so they get discounted rates, or bulk pricing for small quantities. They also have very loyal customers and very little loss of product or shoplifting problems to increase expenses.
    They only accept credit from reputable people (meaning store credit for regular customers, or local businesses that pay monthly) and they cater to the community. If someone can't drive to the store, they may offer to deliver it to a regular customer.
    Their reputation goes strong with them.

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  • by CoachMJ on February 12th, 2007

    CoachMJ

    I can't answer for all of them of course but the small town grocery store in my town stays in business because he caters to people who live in the area. He will get what you ask for and he extends credit for the month. The local hardware keeps his prices competitive enough that it is not worth driving into town when you need a quick pick up.

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  • by katysax on April 26th, 2007

    katysax

    A successful small retail store can generate a surprising amount of business and be very profitable. If an entire family is involved and labor costs can be kept low, a small mom and pop business can do very well.

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  • by Penny The Wise on April 26th, 2007

    Penny The Wise

    Mom and Pop stores are about quality over quantity. They aren't selling in mass quantitys so you are more likely to find good quality items that may be made from locals, as opposed to mass produced products.

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  • by LauGhOutLouDx3 on February 12th, 2007

    LauGhOutLouDx3

    If like a son or daughter or grandchildren take over when they die.

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