What is Shop Sharing?

Shop Sharing

New businesses, usually don’t have enough financial resources. That is why to keep the start-up budget low many options are available. One of the possibility is “Shop Sharing”. Basically, it means sharing a space with another business. Similar to co-working spaces with some nuances. The concept is relatively new but increasingly becoming mainstream.

Takeaways:

Rather than putting the same business outlets with the same target audience in one location as an illustration food court, complementary businesses will share one location. For instance, a laundromat that has a restaurant or a sporting outlet with a gym or a high-end clothing shop with a premium beauty shop. Those businesses are independently managed. It is very effective among small shop owners.

Advantages of shop sharing :

  • Space optimization
  • Expenses sharing: rent, utility, and others cost like ads or marketing budget. This will allow you to envision prime location.
  • Outreach: by working with other brands you benefit from tapping into their following too
  • Maximize work hours and productivity: many hands make light work, and the more people you have working together the easier it is to get the job done.

Wanna learn more about shop sharing:

Read this amazing article: https://www.appearhere.us/inspire/blog/collaborating-on-shop-space

 

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