1. Consider whether the attribute of people flow is office scene, subway station or community. The difference between this kind of people flow mainly lies in the purchase time and the gross profit of the purchase category.
2. Refer to the flow of people in shops around the border. Choose several stores similar to convenience stores, and aim at the traffic of the stores you want to rent, such as the peak traffic of bakeries and fruit shops, and the proportion of orders placed. Estimate the distribution of people in this business circle and how much you can get from your current geographical location.
3. Cost accounting. If you calculate the cost of the convenience store you open, you need to evaluate whether your return on assets meets your expectations according to the traffic you get now. If the traffic you get now is too far from the capacity of the second step, you may need to consider what means to change the traffic distribution of the original business circle. Only in this way can you ensure that your cost is not lost and the payback period of investment is extremely short.