To be able to be successful in a hardware business, you should be in a good position to consider fast-moving hardware products to stock your hardware within Kenya. Most hardware business owners in Kenya tend not to last for more than two years due to losses and slow-moving products.
We are going to show you the best fast-moving products to consider for your hardware and successful strategies to ensure your business stays afloat.
Fast-moving hardware products for your hardware business
To ensure your hardware business remains afloat, you should sell fast-moving products that are high in demand. These products include;
Tips to increase your hardware sales
1. Employ quality staff
As a hardware business owner, you should ensure you employ quality staff that will be able to relate well with customers and guarantee sales.
2. Keep in touch with the market trends
You should keep in touch with market trends as they tend to vary from time to time. Ensure your products are in demand to ensure you maximize your sales and generate profit.
3. Good inventory management
Ensure your hardware store has good inventory management that will encourage customers to buy goods with ease and find it easy to find the products they are searching for.
4. Good product presentation
Display your products well and in an arranged manner to attract customers and ensure they find products with ease.
Frequently asked questions
The hardware business is profitable provided you have customers. You can gain 10% profit from the total sales.
Depending on which hardware store you want to start, it ranges from ksh.200,000 to ksh.1,000,000.
These are items that can be seen and felt by hand. Hardware items include nuts, keys, locks, wires, belts, washers, screws, chains, and latches.
To increase sales at your hardware store, you should train your employees well and have good and arranged inventory management.
Most hardware stores purchase from specialty manufacturers and regional wholesalers.