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Bhajan Preet Singh
05-13-2012, 01:41 PM
i am having retail shop in my city .and currently having 6 employees . how to register my shop name. so that no one copy my shop name. And , I also want to open the chain of my shop any idea where to find the investors.and is it a good idea????

vangogh
05-14-2012, 10:44 AM
You probably need to contact government sources in your area for how to register your business name. I doubt any of us here will know the regulations for registering a business in India, though perhaps some might. As far as getting investors, my guess is your first shop should probably show some profit first. Why not focus on the first store before expanding into a chain?

Bhajan Preet Singh
05-15-2012, 01:26 AM
my first store is already making a good profit .

vangogh
05-15-2012, 10:24 PM
Oh good to hear. In that case ignore my comment about needing to get that store up and profitable before seeking investment.

I did a quick search for registering a business in India and found this article Naming and Registering a Business (http://business.gov.in/starting_business/registration_business.php). The article led me to the Ministry of Corporate Affairs (http://business.gov.in/outerwin.php?id=http://www.mca.gov.in/Ministry/roc.html). Hopefully one of those links helps or leads to somewhere that will help.

I'm guessing your best bet with investors will be in India since you're running a shop there. It's up to you whether or not that's the right thing to do. You could open additional stores one at a time as the profit from the first store is enough to justify it.

Bhajan Preet Singh
05-16-2012, 12:29 PM
thanks for your kind reply :)

vangogh
05-17-2012, 12:11 AM
You're welcome. I hope the links helped.

Bhajan Preet Singh
05-18-2012, 03:39 AM
ONE MORE think i want to ask. My customers bargains(always insist on giving 20 - 30 rs less than asked by me) with me all the time and now its a fashion in my shop that every repeat customer starts bargaining....and i have to follow it is it better to change the bargaining to a fixed price or to continue with the same as this bargaining trend in my shop since my grandfather time ..................(apologise for posting here..do because to maintain continuity with my topic )

vangogh
05-18-2012, 07:44 PM
Some people just like to bargain. It makes them feel like they saved money and won something. What % of the full price is 20-30 rs? Is it a lot? Just a few %? You could always raise prices a little bit. Maybe not the entire 20-30 rs so your customers who aren't bargaining aren't having to pay that much extra. Then when the bargain hunters do bargain they're paying close to what you really want to charge in the first place. The bargainers will pay a little less and the non-bargainers will pay a little more.

You'd have to find the price that doesn't make your non-bargaining customers pay too much and doesn't cost you too much with the bargainers. Maybe try raising prices 5 rs and see what happens. If everyone is still happy you could raise it another 5 rs. Just be careful the price increases don't upset your non-bargaining customers.

Bhajan Preet Singh
05-20-2012, 05:01 AM
yeah....exactly we are doing the same sir. As we have most of the time repeated customer in my shop so they usually bargains but anyhow its managable .but the problem is how to keep ourself updated about the stock left as we dont have the barcode system . ( regarding me ... sir i am btech student just finished my exam of engineering and i got a job . but after one month i realized its better to enhance my father"s business rather to indulge in job as the shop is already running in a decent manner and moreover its been started 50 years back by my grandfather so its quite famous in our city but dont have that profits which it might to be ....maybe as because we have a showroom in a first floor. So, now i starts going to my shop and starting doing the business.. i dont know i m wrong or right people giving me advice first do the job i got ......i dont know i choose the right path or not......but i have a vision in my mind...which i il achieve ...for that i need help from your website.......now getting replies to my every queries....i m overwhelmed ...do tell me and advice me.always .....
thanks

vangogh
05-21-2012, 10:58 AM
If you don't have a barcode system you'll have to do things more manually. Years ago I worked for a store and we did take manually inventory of stock. It wasn't always perfect, but it worked well enough.

Basically you look through your stock and you manually count what's there. You probably need to do this after the store is closed for the day and get all your employees involved. You just write down every product you carry along with a count of how many you have. In between this complete counting you run spot checks throughout the year. When someone has a few minutes they collect a count of a few products, usually a random list of products.

You need a place to record everything. A database program like Access can work or you can build some of of website that connects to a database. You probably want to have the database set up before your first count and update all the numbers after the count. Then anytime something is the database gets updated. It might be too much to ask the people behind the register to do. Instead have one or more people be responsible for updating the database. You give them a copy of the previous day's receipts and they update the counts in the database.

The database probably won't be perfect and some products will have their counts off, but if you keep spot checking and periodically (once a year maybe) doing a full manual count you can keep the database fairly accurate in terms of how much stock you have on hand.

Bhajan Preet Singh
05-22-2012, 05:59 AM
ok....sir...thanks for ur assistance and one more thing sir...........what a retail shop owners should do reach to greater heights......as retail shops usually have fixed customer..i mean setting up of another shop ??is a good idea??

vangogh
05-23-2012, 12:07 AM
Setting up another shop might be a good idea. It's hard to know without knowing more about your situation. How far will people travel to get to your store? Are there enough people outside that area that would go if you were located closer? If yes to both then you could probably justify another store in a different location.

Another option though is to make more people aware of your store that are already within the area. You could advertise more or in different places or generally improve marketing. Think about the characteristics of the people who are your customers. Chances are there are similar people in your area who aren't yet customers. Think about how you can reach those people. Do they read the same magazines or visit the same websites. Once you identify those places where potential customers spend time, find a way to build a presence in those places. That could mean placing an ad in a magazine or it could mean spending more time engaging with people on one or more social sites.

Bhajan Preet Singh
06-11-2012, 04:19 PM
Selling footwares in ebay is a good idea?

vangogh
06-14-2012, 11:36 AM
I have no idea. I don't use eBay at all. I assume it's something you can successfully sell there, but the only way to know would be to try.

Bhajan Preet Singh
06-19-2012, 04:59 PM
sir, i want to change my shop"s bargaining system to a fixed price because sometimes..it really irritates me and moreover it shows some ingenuinity with the new customer . One more thing I want to share.....as my showroom is in first floor so no new customer usually comes.......it's by links of old customers or by repeat customer usually comes.

Is that a good idea????? Or I have follow my 30 years old bargaining system??? Or combining a fixed deal with some advantage to old customers is a good idea?

vangogh
06-26-2012, 01:31 PM
Recommendations for repeat customers is usually the best form of marketing. People trust their friends and their friends' recommendations.

It's hard for me to know whether you should move to fixed prices or sticking with the bargaining system. I think whichever your customers prefer is probably the best choice to make. I think you could give all your products a price tag and ideally people will just buy them at that price, but given that it's part of the culture to bargain, you probably want to leave open the opportunity for people to bargain with you as well.

Bhajan Preet Singh
06-27-2012, 09:37 PM
CHANGING SYSTEM TO FIXED PRICE IS MORE FRUITFUL IF IT WORKS...WHT I THINK IS THAT....APART FROM OUR REPEATED CUSTOMERS OTHER CUSTOMERS START BELIEVING IN US ..actually its sort of stress buster for my father..as bargaining...leads to iritation sometimes...but however the actual results cannot be judged. Its sort of confusion in our mind regarding this. thanks for your reply. suggestions are welcome ...

vangogh
07-06-2012, 12:37 PM
What if you tired fixed pricing on some products to see how it goes over. My guess though is if your customers are used to bargaining then they're going to bargain no matter how you try to set things up. I would think moving to fixed pricing would be more about you not bargaining and holding to whatever prices you set. You can certainly try it on some items and see how it goes. If it seems to be working then try it on other products.

Bhajan Preet Singh
07-08-2012, 11:00 AM
thnks.....really useful.....now i m going to try the same :)