How can I estimate the amount of customers I might get based on walk-by traffic?
-
I'm going to be running a cafe out of an art school, and it's been hard to figure out how to estimate potential customers. Usually new businesses preparing a business plan use their nearest competitor as a model. I considered using our nearest competitor, dunkin donuts, as the model, but they are on the main road and we are on a side street, and will be getting most of our business from within the art school itself, so it's like comparing apples and oranges. I have to use the number of people coming in and out of the art school in place of the usual walk-by and drive-by traffic count, as a way to estimate potential customers. How can I estimate potential customers based on that amount? What percentage of walk-by and drive-by traffic can a cafe expect to get on average? Were going to be a "coffee bar" like dunkin donuts or starbucks, not a true cafe or restaurant.
-
Answer:
Give out surveys to the people that walk past, use their information to give a guided amount as to who would use your shop and spending how much. These are specific data which give you a far more exact idea :)
plushpen... at Yahoo! Answers Visit the source
Other answers
you don't... it's called having a quality product at reasonable prices. It will sell itself. LOCATION LOCATION LOCATION.
Hugh G. Rection
If you can obtain all supplies from overseas and appear to be authentic-Americana...you'll succeed. No other businesses have done so, yet, but there's always a first time. Good luck! http://www.youtube.com/watch?v=EotM7FH8uQg HINT: If there was a coffee shop that offered warm baked chocolate chip cookies like mom made...I'd be there daily. BONUS: Money flows toward value. Always. Be the value center of your community. We'll come. .
invisible.manna
Related Q & A:
- How can I get an audio alert when I get a new e-mail?Best solution by Yahoo! Answers
- How do I estimate the amount of taxes that will be taken out of my paycheck?Best solution by Yahoo! Answers
- How can I show appreciation to my customers?Best solution by Yahoo! Answers
- How can I estimate my IELTS score?Best solution by Quora
- How can I make it more likely that I will get a career in the acting industry?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.