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<p>[QUOTE="Catbert, post: 421373, member: 12718"]I guess I'd be leery of the overhead that comes with a shop in any kind of decent location. Why not just sell on the web assuming I could take good pictures? That way, I could build the business slowly with little risk/dollars up front and also build a clientele not limited to my location.</p><p> </p><p>If I was determined to have a physical presence, I think another important factor would be the local market. Who's my competition and what kind of business do they do? How active are the coin clubs? What are the demographics of my city (income levels, age, etc.)? I don't know what the right demo mix is, but the club in my down is going to die on the vine given the average age level. Also, if the local economy is hurting, perhaps a start up hobby business might hurt too!</p><p> </p><p>I think one of the biggest challenges our hobby faces is how to replenish the collectors who drive the hobby. I would give some serious thought to how to attract and market to the next demographic curve that could feed the business for years.[/QUOTE]</p><p><br /></p>
[QUOTE="Catbert, post: 421373, member: 12718"]I guess I'd be leery of the overhead that comes with a shop in any kind of decent location. Why not just sell on the web assuming I could take good pictures? That way, I could build the business slowly with little risk/dollars up front and also build a clientele not limited to my location. If I was determined to have a physical presence, I think another important factor would be the local market. Who's my competition and what kind of business do they do? How active are the coin clubs? What are the demographics of my city (income levels, age, etc.)? I don't know what the right demo mix is, but the club in my down is going to die on the vine given the average age level. Also, if the local economy is hurting, perhaps a start up hobby business might hurt too! I think one of the biggest challenges our hobby faces is how to replenish the collectors who drive the hobby. I would give some serious thought to how to attract and market to the next demographic curve that could feed the business for years.[/QUOTE]
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