Connect with us

Recreation

Coins and Stamps

Feed your collecting soul with a store that buys, sells and trades collectible coins and stamps.

Entrepreneur

Published

on

Business At A Glance

Coins and Stamps
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Opening a retail store that buys, sells and trades collectable coins and stamps is a good business venture for the hobbyist coin and stamp collector to get going. The store doesn’t need a great amount of square footage, as the inventory is compact.

As a method to reduce startup and operating costs, consider a joint venture with another retailer. Good matches for this type of shared retail space include pawnshops, comic book retailers, and memorabilia stores. As is the case with any retail venture, the goal is to buy low and sell high; thus, you must possess strong negotiation skills and have experience identifying the condition and value of coins and stamps.

The Market

Coin and stamp collectors

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

Recreation

Scuba Dive Charter Boat

Are you a dive master? Explore the realms of this business idea to bring profits to the surface.

Entrepreneur

Published

on

Business At A Glance

Scuba Dive Charter Boat
Startup Costs: $10,000 – $50,000
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Calling all dive masters, dive instructors, and boat owners. A financially and personally rewarding lifestyle awaits anyone who starts a scuba dive charter boat business. The two main requirements to get this business rolling are an experienced dive master or instructor on board and a boat. Perhaps you possess one of these requirements, but not the other.

This can be the groundwork for a potential business partnership or joint business venture with a company or individual that has what you lack. The business can be marketed by utilizing all the traditional marketing and advertising methods, as well by building alliances with companies and individuals who are already in the travel and recreation industry who can refer your business to their clients for free. Or they can even act as a booking agent for your business and receive a commission for doing so. Ideally, a scuba dive charter boat will be operated in a busy tourist area, or in an area where weather permits year-round scuba diving.

Continue Reading

Recreation

Skateboard Park

With skateboarding and in-line skating being two of America’s favorite pastimes, a skatepark can roll up some good profits.

Entrepreneur

Published

on

Business At A Glance

Skateboard Park
Startup Costs: $10,000 – $50,000
Online Operation? No

Business Overview

Skateboarding and in-line skating are two of the most popular sports and recreational pastimes in North America, enjoyed by millions of participants every day. There has never been a better time than now to capitalize on the demand for anything skateboard or in-line skating related.

Perhaps one of the best ways to capitalize on this demand is to start a skateboard and in-line skating park. The park can be indoor or outdoor, depending on geographical location. Furthermore, the park can feature areas with obstacles for beginners to advanced skill levels.

Additional income can be earned by providing equipment rentals as well as instruction courses for skateboarding and in-line skating. Without question this is an expensive and difficult business to establish in terms of planning, research, and financing. However, the potential profits that can be earned justify the effort.

Continue Reading

Recreation

Cigar Sales

This hot business is so specialized, it’ll have you smokin’ out profits in no time.

Entrepreneur

Published

on

Business At A Glance

Cigar Sales
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Online Operation? Yes

Business Overview

Across the United States millions of dollars’ worth of cigars are sold monthly, some for $250 or more each–making this a very lucrative market. Once you’ve secured a wholesale source for purchasing cigars, here are a few ways to retail them for a profit:
  • Establish a small kiosk in a mall or market location for selling cigars.
  • Employ direct sales teams remunerated by way of commission based on their sales.
  • Initiate a direct-mail and email campaign aimed at corporations to purchase the cigars to give to valued clients and business associates as gifts.
  • Purchase vending machines and stock these machines with cigars for sale. The machine will have to be a ‘minihumidor’ and can be located in high-traffic gathering places such as restaurants and pubs.

The Market

Cigar coinsurers and novice smokers alike

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

Entrepreneur-Newsletters
*
We respect your privacy. 
* indicates required.
Advertisement

Trending

FREE E-BOOK: How to Build an Entrepreneurial Mindset

Sign up now for Entrepreneur's Daily Newsletters to Download​​