The following are the top reasons why there are so many furniture stores in a big city.
Big cities have good infrastructure. Most people live in big cities because of good infrastructure. So, it is easy and cheap for potential customers to visit these stores. And it is cheap and easy for employees of these stores to get to work. The furniture store does not spend a lot of money on transporting their furniture, so they have reasonable prices.
2. Foot Traffic is Important
One of the reasons why so many furniture stores are in a big city is because of the amount of foot traffic. If these furniture stores want to promote their special deals, they just put a sign on their building. And they will grab the attention of a lot of people.
A large amount of foot traffic offers these furniture stores ready-made customer base. Some of these people will enter these stores out of curiosity. Some of them will become longtime customers.
Big cities have more workers that have varied skills. Also, big cities have more housing. There are both cheap and expensive houses. This variety means that anyone can live in a big city because the lowest paid employees will find affordable and comfortable accommodations. So, these furniture stores will never have a problem finding the best employees.
4. Diverse Customer Base
Big cities have diverse cultural base. Furniture stores that sell different types of furniture do better in big cities. Because there are people who are looking for all these types of furniture. Even furniture stores that sell furniture to a narrow niche will find a lot of customers in a big city.
5. Get Street Smart
The best education comes from experience. It is hard to compete in big cities. However, big cities have unlimited opportunities. There are entrepreneurs who focus on their furniture stores because they know the potential of a big city. They are willing to do whatever it takes to grow their furniture store.
When they a start a furniture in a big city, they learn the basic street smarts. They learn how to keep themselves and their business out of danger. They learn how to avoid scams. They learn how to promote their store without spending a lot of money. And they learn how to manage their money.
Promoting a new furniture store is expensive. In fact, most new stores fail because they do not make enough money. Most furniture stores are in big cities because there are so many marketing options in a big city. The store owner can focus on the most effective and cheapest marketing strategies.
7. Financing Options
There are so many financing options in big cities. What are some of these options? Venture capital, private investors, and debt. Most investors prefer investing in businesses that are in the best locations. These locations can be in big cities. However, the furniture store must meet the requirement of these investors or lenders.
Why are there so many furniture stores in a big city? Because a big city has different financing options. It has different marketing strategies. It offers a diverse customer base. It has more workers. It has a good infrastructure. And it has a large amount of foot traffic.