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how do you find a location?

I'm interested in opening a business specifically a vinyl and CDS store. how do you decide on a location from the store because I know that the location is one the more important parts of the opening one.

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Sandra’s Answer

Begin by creating a list of cities where you'd love to reside, and then delve into the demographics that match with individuals who are probable buyers of vinyl and CDs. Investigate which age brackets are more inclined to make these purchases, and if there are any other businesses that harmonize with the vibe of a music store, and so on. It's crucial to choose a city that you would genuinely enjoy living in or close to.
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Thomas’s Answer

Just thinking about opening a business is great. You're correct the location of a store is critical and relates to amount of potential customers that frequent your store. If we're talking vinyl records and music, then you'd like to be in an area of related stores. Coffee shops, retail stores and businesses who's customers who are in the neighborhood and may pass by your store. For example, at the beach there's concentrations of stores that sell products for being at the beach...makes sense. Music is a great product to consume with people with like tastes. I'd recommend doing some field work...go visit an existing store and observe it's customers. Also, walk around the store location and see if related businesses are sharing or have the potential to share customers.
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Deborah (Debbie)’s Answer

Hi there! Start by exploring areas that are popular among the younger crowd. You want to position yourself where people can effortlessly discover what you're offering. Don't forget to consider rental costs and ensure they align with your budget, so your business can thrive continuously.
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Franziska’s Answer

Choosing the perfect spot for your vinyl and CD store involves several key factors:

Demographics:
* Think about your ideal customers - could they be students, young professionals, or music lovers?
* Consider where these customers live, work, and hang out. Your store should be in a place that's convenient for them.

Competition:
* Check out other vinyl and CD stores in the area. Look for gaps in their offerings that your store can fill.
* Think about setting up shop near businesses that draw in your target audience, like record labels, music schools, or concert venues.

Foot Traffic:
* Choose a spot with lots of people passing by, like shopping malls, city centers, or near public transit.
* Make sure your store can be easily seen from the street or parking area.

Rent and Operating Costs:
* Set a budget for rent and other expenses.
* Don't be afraid to haggle with landlords to get the best lease terms.

Parking:
* If your store is in a suburban or remote area, ensure there's plenty of parking for customers.

Unique Selling Proposition (USP):
* Figure out what sets your store apart. Do you offer a unique collection, repair services, or host events?
* Pick a location that matches your USP. For example, if you sell vintage vinyl, a historic district could be the perfect spot.

Online Presence:
* Think about your online sales potential and if your location can support your e-commerce plans.

Extra Tips:
* Do your homework to understand your audience, competition, and the local market.
* Visit possible locations to check their suitability and the amount of foot traffic.
* Get advice from real estate agents, business consultants, and retail industry experts.
* Keep your long-term business goals in mind when choosing your location.
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William’s Answer

Contact your local chamber of commerce.

William recommends the following next steps:

Contact your local towns in your general area at the Chamber of commerce office.
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Jonas’s Answer

Shoot Im not too sure. Would try like a good city that has a background with music. It's a certain few that still look for vinyls some people love that classic feel. Do your homework on cities in America and go from there. Just a thought process.
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Austin’s Answer

Hello and good morning.
The only thing I can tell you about location depends upon you you have to determine where you want to do business and where you want your business seen That's something that you have to determine you may want to be in a busy section of town or you want to be in a laid-back sort of town but that all depends on what you want to do so all I can say is try to make a good decision on that. God bless.
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Jamie’s Answer

Opening a business is exciting. Another option would be to try and do different community events such as festivals, community yard sales, etc. Make sure that you call communities that you want to visit and request their community calendars. This way you could also do some pop up/mobile events. Best of luck to you!!
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chris’s Answer

Select a location that experiences a high volume of daily traffic to ensure maximum visibility. Opt for areas you frequent or those that your desired audience would likely visit.
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Burim’s Answer

Hello Jack,

That's a superb query! Even though I'm not directly involved in the business, I'm a passionate collector. I've visited numerous stores across various cities. It's been my observation that these shops are usually found in areas with high pedestrian activity, often referred to as 'main streets'.

Here's an additional suggestion that might be worth your consideration. I've frequented quite a few book stores that also deal in vinyl records. Perhaps there's an opportunity for you to collaborate with a local shop in your area that doesn't currently offer vinyls. This could be a potential avenue for you to explore.
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