The retail business is alive and well.
But most Singaporeans do not how to do it.
If you are new or small, you cannot do general retail because the big boys will kill you in economies of scale.
So you have to be niched. No need to come up with a new range of products. You can sell what others sell. But sell it with better customer service (pre and post sale). Or do fun and crazy promotions.
So what is the key? Singapore is a very small place. The key is to generate some online buzz about you or your shop or the way you do business that is friendly or competitive.
Think 5 years ahead. What will Singapore be like? Lots more foreigners? Lots of FT with high salaries? What will they buy? How will they spend.
So just do some homework and start small.
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