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Retail Business

Albums and 8-Track Sales

You’ll be dancing all the way to the bank when you specialize in album and 8-track sales.

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Business At A Glance

Albums and 8-Track Sales
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes

Business Overview

Vinyl record albums and 8-track cassettes from the 1940s to the early 1980s have become hot collectible items. Starting a business that buys albums and resells them for a profit is a fantastic business venture to set in motion. As the saying goes, ‘time must by on you side,’ as it’ll take a fair amount of time to build an initial inventory for the business.

That’ll mean spending time at flea markets and garage sales to locate and purchase secondhand albums and 8-track cassettes. Retailing collectible albums and 8-tracks can easily be conducted from a home office, as the most efficient way to market the products is to sell online. Additionally, be sure to mark up the products by at least 200 percent, and in the case of a truly collectible item, it should go the highest bidder.

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Retail Business

Lingerie Shop

Put a swagger in women’s steps by providing them with attractive lingerie.

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Business At A Glance

Lingerie Shop

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

Business Overview

Heading into the new millennium, specialization is the buzzword forretail ‘bricks and mortar’ businesses, and opening a lingerie shop fitsthe bill perfectly. Get started by selecting a highly visible storelocation for your business.

Malls and strip malls are a good choice(though you’ll want to make sure there’s no “big name” competitors) andyou will only require less than 1,000 square feet, so the rent shouldbe reasonable. Next you will want to establish accounts with lingeriemanufacturers and distributors. Harness the power of the Internet tolocate these companies. The rest is pretty straightforward; you stockyour store and sell your products.

In addition to selling lingerie fromthe storefront location, also consider hiring sales consultants to hostin-home lingerie parties as a way to bolster sales and profits. Adirect mail campaign and mail-order catalog can also be used toincrease revenues. You can also specialize by stocking hard-to-findplus sizes, maternity lingerie and specialty items.

The Market

Your customers are women looking for lingerie and men looking to buytheir wives and girlfriends lingerie. (Though don’t leave the menout–you can also stock silk boxers and similar items.)

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Retail Business

Wine Shop

Drink to your health and to your business.

Entrepreneur

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Business At A Glance

Wine Shop
Startup Costs: $10,000 – $50,000
Online Operation? Yes

Business Overview

Retailing wine can be extremely profitable, and this type of business can even be operated from a well-positioned kiosk located in a mall or market. In the right location, walk-in customers will keep you busy selling lots of wine.

But as a method to bolster sales and profits, also be sure to establish alliances with event and wedding planners, catering companies, and business clubs and associations as they can become a great source of repeat business.

Like any retail business, seek a competitive advantage, meaning offer your customers something the competition does not. Perhaps phone-in orders with free delivery or maybe a weekly wine tasting night. The ability to separate your business from the competitions’ often is the difference between business success or business failure.

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Retail Business

Leather Fashions

Rope in customers by offering leather clothes and accessories with large profit potential.

Entrepreneur

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Business At A Glance

Leather Fashions

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Selling leather fashions is another greatfashion retailing business to initiate. Worldwide there are thousandsof manufacturers of leather fashions and accessories, so securing awholesale source for products should not prove to be difficult.

In thespirit of being unique, consider retailing the leather fashions innontraditional methods including by ways of the Internet, home shoppingparties, and catalog sales. Like many clothing ventures, the profitpotential is excellent for a business that retails leather fashions, asmany items can retail for as much $1,000 each, and the same item canoften be purchased wholesale for less than $500.

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