Connect with us

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.

Entrepreneur

Published

on

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.

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.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Retail Business

Scaffolding Rentals

Take business to new heights with scaffolding rentals.

Entrepreneur

Published

on

Business At A Glance

Scaffolding Rentals

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

Almost every building and home service tradeneeds to rent scaffolding at some point in the course of operatingtheir business.

To start this type of business you purchase new orsecondhand scaffolding, design a brochure and price list, anddistribute the brochure to local home service companies and contractorsin your community. Providing a free delivery and pickup service forscaffold rentals will get the telephone ringing and scaffold rentalorders coming in.

Continue Reading

Retail Business

Consignment Clothing Store

The low-cost way to start a clothing store–sell items on consignment.

Entrepreneur

Published

on

Business At A Glance

Consignment Clothing Store

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

The resale field is hot these days, with over 15,000 shops across thecountry and an industry association growth rate of 15 percent per year.So if you’ve got an eye for fashion, design and quality, and great buysmake your heart soar, then a consignment clothing shop or kids’consignment shop could be the business for you.

If you go thechildren’s route, you can specialize in toys or clothing, or both.You’ll take clean, well-cared-for garments or toys and display andmerchandise them for their owners, splitting the profits when you makea sale. Clothing consignors sell mostly women’s garments–along withaccessories like costume jewelry, belts and handbags–but men’sclothing is becoming increasingly popular as a resale item as well.

Because you’re taking the items on consignment, you don’t pay anythingfor your inventory until it’s sold, which makes this business ideal forthe startup entrepreneur. You price garments and other goodies, thenhave the owner pick them up if they don’t sell within a given period oftime. The advantages to this business are that it’s creative, yourstartup costs are small compared to most retail operations, and you getthe satisfaction of helping your customers get great buys for littlemoney.

The key to a successful consignment shop is an atmosphere that’sclean, fresh and fashionable, so you’ll need a flair for display andmerchandising. You should also have a good eye for current fashions andquality and the ability to properly price your merchandise so thatshoppers get the discount they expect and you and your consignees makea profit. To complement all this, you’ll need excellent people skills.

The Market

Your customers will be people interested in the type of merchandiseyou’ve got for sale–basically the same people who shop at regularretail outlets. The trick is to attract their attention and sell themon the benefits of shopping with you.

Besides routine advertisingmethods like local radio and newspaper ads, you can host fashion showsfor local women’s groups and hand out fliers in front of your shop. Ifyou’re located near a business district, you can also deliver yourfliers to offices in the area. And don’t forget ads–perhaps withget-acquainted coupons–in your local Pennysaver-type publication.

Needed Equipment

You’ll need a shop and the display furnishings to put in it–glasscases for jewelry, clothes racks, hangers and tables or shelves. You’llalso need sales tickets and tags, shopping bags and a cash register. Acomputer with an inkjet printer and retail operation software will be abig help but aren’t necessary for starters if you can’t afford them.

Continue Reading

Retail Business

Janitorial Supplies

You can clean up by selling janitorial supplies.

Entrepreneur

Published

on

Business At A Glance

Janitorial Supplies

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

Every year companies, government agencies,organizations, educational institutions, and associations spendbillions of dollars on janitorial and sanitation supplies such ascleaners, paper products, disposal bags, and janitorial equipment.Starting a janitorial supply business to secure a piece of this verybig and financially lucrative pie is not difficult to do. Like manywholesale or middleperson businesses, the key to success is to get outand talk to potential customers.

This is a competitive industry andwaiting for business to come to you is simply waiting to go out ofbusiness. Deal with more than one manufacturer in order to negotiateand secure good pricing. Traditionally, profit margins in the industryare tight and usually products are sold for no more than 10 to 20percent over costs, so it is critical to build high volume repeatcustomer accounts.

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

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

Trending