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Retail Business

Antique Furniture Sales

Cut down on costs by selling antique furniture from home.
This Start-up Business Guide was developed in the USA. It is to be used as a guideline only. Aspiring business owners must conduct their own business research based on the local South African market in preparation for starting their own business.

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Business At A Glance

Antique Furniture 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

Starting a business that buys antique furniture and resells it for a profit is a terrific new venture to set in motion. The following information describes three various methods for starting and operating an antique furniture sales business.

The first option for starting an antique furniture sales business is to establish and operate the business from a home based location. This is an excellent way for entrepreneurs with limited investment capital to get into antique sales, then later expand the business from the profits earned. If this approach is taken, be sure to use any low-cost advertising media available in the local community for marketing the antique furniture, such as free penny-saver classified ads.

Additionally, spend time scouring flea markets and garage sales to locate antique furniture to resell. Providing you have the skills and equipment necessary, you can even offer customers antique furniture restoration service. There are two options for retailing antique furniture online. The first option is to purchase the items listed for sale on the site yourself. And the second option is to operate the website as a posting service for individuals and antique dealers to list their antique items for sale.

If you choose to promote and operate the website as an antique furniture directory, you have two methods for earning income. The first is to charge customers a listing or posting fee to feature their antique furniture for sale on the site. The second option is to retain a percentage of the revenues that are generated through furniture sales.

The third and most capital-intensive option for starting an antique furniture sales business is to open a retail storefront. This type of specialty retailing has the potential to generate very large profits for the owner-operator of the business. However, careful planning and research are required prior to opening the store. Key to the success of the business will be the location selected for the store.

Customer parking, street visibility, size and consumer demographics all must be carefully considered when selecting the location. In the spirit of being unique, consider a joint venture–perhaps with a store that retails new furniture or appliances. Joint ventures in retailing have many benefits, including shared operating overhead costs, joint cost-saving advertising and promotion campaigns, and the ability to draw from each other’s customer base.

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Retail Business

Used CD Shop

Share a love of cheap and legally-purchased music with your customers.

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Business At A Glance

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

Business Overview

If you love music, consider starting a used CD shop. The business can be established in a storefront location or alternately in a sales kiosk located within a busy mall or public market.

To initially establish an inventory of CDs for the business, place classified advertisements in the local community newspaper offering to purchase whole or partial CD collections.

Currently, secondhand music CDs are retailing for $5 to $12 each, and as rule of thumb, owners of secondhand CD shops mark up all products by 100 percent for retailing purposes.

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Retail Business

Fabric Shop

Add some texture to your business side with a shop that’s made of good material.

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Business At A Glance

Fabric Shop

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

Business Overview

A fabric shop retailing numerous styles and types of fabrics can beopened in a fixed storefront location. Fabric shops have traditionallybeen very profitable specialty retail operations as the markups appliedto fabrics for retail sales can exceed 100 percent or more.

Thebusiness needs little in the way of specialized equipment, thus keepingthe operating overheads to a minimum. To get started, you’ll need tosecure supply arrangements with fabric manufacturers, many of which arelocated outside of North America, so this business will require a bitof research and planning.

In addition to fabrics, sewing patterns,buttons, zippers, curtain rods, sewing machines, other sewing notionsand craft items can be sold as a method to increase the selection ofgoods available to consumers as well as increasing revenues.

The Market

People who need sewing supplies and other arts and crafts items

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Retail Business

Silk Scarves

People will pay hundreds of dollars for a Ferragamo or Hermes silk scarf. It’s a trend you can cash in on, too.

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Business At A Glance

Silk Scarves

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Genuine silk scarves can retail for as muchas $100 each, yet can be purchased in bulk and on a wholesale basis foras little as $10 each from foreign manufacturers. Herein lies thebusiness opportunity.

Simply secure an exclusive import anddistribution contract with a foreign manufacturer of silk scarves andset about marketing the product.

The scarves can be resold in smallerquantities to clothing retailers on a wholesale basis or directly toconsumers via fashion shows, sales kiosks and the internet. Thousandsof importing opportunities are available for the enterprisingentrepreneur to capitalize on. All it takes is some initiative and adesire to become a successful business owner.

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