3 Dollar Store Grand Opening Options

Those who are about to start a dollar store often assume there is only one way to get their business open and running

. That option is to hold a formal grand opening event to signal the first day of operation. Yet each store owner may find they have a little different situation to consider. Fortunately there are dollar store grand opening options available. In this article I present 3 of those options. Carefully examine your circumstances and the marketplace. Then make a decision about the right opening event for your business.

Option #1) Formal grand opening

There are many advantages associated with conducting a formal grand opening event right when you start a dollar store. A properly promoted event will certainly get the word out about your new business and where it is located. Many first time shoppers will also visit your store on the first day of business. And of course that means purchases of merchandise as well.

Option #2) Soft Opening

Another option is to ignore all the fanfare of a formal grand opening and just open the doors for business once all the preparation work is done. One of the benefits of this strategy is there is no need to work to a specific first day. If dollar store merchandise arrives early you just might be able to open ahead of schedule. On the other hand, if dollar store merchandise arrives late you just delay the soft opening until everything has arrived is on display. Another big benefit can be the elimination of many of the costs associated with a formal opening event. There are no door prizes, food and drink, opening event advertising and extra staffing to worry about. It is just business as usual when you open.

Option #3) Hybrid opening

The final option for this article is the hybrid opening. Using this option you just open the door when you are ready and then schedule a formal grand opening event for a later date. This strategy offers the best of both worlds. Some of the pressure of having everything done on-time for the formal grand opening is removed. Likewise the promotional and sales impact of holding a grand opening event will follow.

Each of these options has very distinctive advantages to offer. Examine the options and then determine the right one for you. Just make sure you watch early sales growth. If you are not on-track to meet your goals don't wait. Start advertising and aggressively promoting your business. When you start a dollar store it is important to get the word out to as many prospective shoppers as possible.

To your success when you start a dollar store!

3 Dollar Store Grand Opening Options

By: Bob Hamilton

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