Save money with the help of this list of 11 high margin convenience store products to avoid. Convenience stores have been as their name implies convenient. These large retail stores have most of what we need, from food, toiletries and other supplies. Convenience stores are now found everywhere. Every neighborhood has their own convenience store where the locals buy at. Some even have more than one. If you’re ever in the city you may notice a good number of them around every corner. Many can admit that these stores have been very helpful many times.
With that said, there are just some products that are not worth buying in convenience stores. For convenience store owners, there are also products that prove to be more pricey compared to others. This list aims to help you become aware of what products you should avoid, whether you’re a consumer or a business owner. Convenience stores mainly sell food. It’s a place you can go to that has a variety of choices of meals and snacks we often crave for. The food you might find here can also be found on the list of 10 High Margin Food Products to Build a Business Around.
What products do you think should be avoided? This information can help you save a lot of money for other investments. Let’s find out as we start with number 11:
11. Magazines
Magazines can be very costly if you consider buying them at their retail price or full value. Unless you’re an avid magazine reader that goes through every detail, magazines aren’t usually worth it as most people only read through them once. It’s even more efficient to just get a monthly subscription that’s a fraction of the cost you pay for buying one magazine.
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10. Organic Fruits & Vegetables
Organic fruits and veggies often go for higher prices. They’re usually better quality than the ones that have been artificially grown. The prices go even higher when it’s off season. There’s one strategy you can use if a certain fruit or vegetable is in season – you can fetch a bargain in a farmer’s market where there’s a lot of cheaper and better choices.
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9. Batteries
You can say that batteries, despite their numerous uses are slowly being phased out. This is due to the number of innovations and improvements when it comes to batteries. Rechargeable batteries are an even better option which doesn’t cost as much as buying sets of batteries every time the last one runs out. You can even buy in bulk from certain retailers.
8. Cakes
Pre-made cakes at the store are good if you value your time. Most of the time though the cakes here are not good quality compared to specialty shops and cake shops. You can also buy the ingredients at a fraction of the cost and can just bake the cake yourselves.
7. Pre-Cut Fruits and Vegetables
These may look appealing as they’re prepared in advance and are packaged well. It’s not cost-effective however as you’re essentially just paying more for other people to cut your food. If you’re looking to save money then it would be better to just by it yourself and cut it yourself. You even get to choose the quality of fruit or vegetables you cut.
6. Cooked Meals
The same concept as with cakes and other meals, buying cooked meals readily available can cost you a lot. As you’re paying more than what you’ll usually get. For the price you are paying you can easily make more and better versions of the meals available.
The next products are the ones you should definitely avoid. Let’s continue this list of 11 high margin convenience store products to avoid.
5. Canned Goods
Canned Goods are usually marked up high because they are food that always sells well and are always high on demand. The best way to use your money when it comes to canned goods is to always stock up when they are on sale. You’ll get better value for your money and get to buy the goods at their actual retail price.
4. Spices
The packed and ready-made spices in convenience stores cost much cheaper if you buy them from health or natural food stores.
3. Bottled Water
These are also items that can be bought at a cheaper price and in bulk. Also, if you have the option of safe tap water then bottled water is usually unnecessary.
2. Toothbrush
Toothbrushes aren’t really that expensive except for the premium versions. However, if you are looking to invest in a toothbrush, you might as well go to your local dentist or pharmacy to get a better price.
1. Greeting Cards
These cards are definitely expensive pieces of paper. You can save more money and make more cards just buying the materials and making them on your own. If you’re not that artistic, cards can also be bought online at a cheaper price.
Hopefully, you learned some valuable information on what to avoid. Remember that what you choose to buy is entirely up to you. This has been the list of 11 high margin convenience store products to avoid.
