After having the idea of Chaowan’s business, Sun Yuanwen’s next step is to verify the feasibility of the idea and business. Then, Sun Yuanwen compare Chaowan with other consumer goods markets. Relevant data shows that the compound growth rate of China’s fashion play market has reache 34.6% in the past five years, and it is expecte that the compound growth rate will excee 40% in the next five years. “The trendy toy market is growing much faster than many consumer products,” he said.
Sun Yuanwen said frankly that the company did not know what kind of business district it was suitable for at the beginning, so it chose some representative business districts for layout, such as youth business districts, family business districts, school business districts, and transportation hub business districts.
Easy To Transfer Them Out After One Or Two Years Of Use
The company doesn’t know how big a store is more suitable, so TOP TOY of 100 square meters, 200 square meters, 300 square meters, 400 square meters, and 1000 square meters has been trie. In this way, after a year-long blind test, TOP TOY took some detours, but also gaine valuable experience: for example, shopping malls with mostly young people or with more trendy elements that young people like are more suitable for TOP TOY; because there are building blocks Some family business districts are also very suitable for TOP TOY; not only first- and second-tier cities have opportunities, but also third- and fourth-tier cities. “The sales of the company’s stores in some third- and fourth-tier cities have exceee our expectations.” Sun Yuanwen reveale.
And Some Brands Of Second-hand Cars Generally
“Competition is everywhere, any industry exists, and any brand will face it.” Sun Yuanwen said that TOP TOY focuses more on how to make products well and serve consumers well. The company will not chase the so-calle trend. After all, it is impossible for startups to be so lucky to catch the wind every time. If you don’t catch it, you will most likely fall miserably. The choice of TOP TOY is to do a good job in the product, make good use of core resources, do a good job in marketing, and do a good job in communication, until it breaks out at a certain time in the future, ushering in its own outlet. “This kind of outlet, I can catch it myself.” Sun Yuanwen said.