Connect with us

Retail Business

Carts and Kiosks

Don’t have a ton of startup capital? Consider a cart or kiosk business.

Entrepreneur

Published

on

Business At A Glance

Carts and Kiosks

Startup Costs: $2,000 – $10,000
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Carts and kiosks today are upscale–and highly lucrative–ventures. Thedifference between a cart and a kiosk is that a kiosk is larger,enclosed and has space for you to sit while you work.

You can purchaseyour own cart or kiosk and have it custom-built for your merchandise,or you can rent one from a mall. And you can sell just aboutanything–from sunglasses to sunflowers, hot dogs to dog figurines,perfumes, personalized coffee mugs, T-shirts, sweatshirts, chocolatechip cookies and cooked-to-order health foods.

You can operate yourshop at a wide variety of locations–in a mall, at sporting andentertainment events, at flea markets, on busy downtown streets, attourist promenades, or where workers convene for meals or snacks. Theadvantages to this business are that it’s much less expensive to getinto than a traditional retail location, you can start part time if youlike, the earning potential is excellent, and if business gets slow atone location you can pick up and move to another.

You’ll need thestamina to stick to your post for long hours (especially if you’ll beoutdoors), a good working knowledge of retail operations and a flairfor attention-grabbing displays. You should also have an extrovertedpersonality because a large part of cart and kiosk sales is interactingwith passersby–making eye contact and offering a smile and perhaps aninvitation to examine your wares or sample your treats.

The Market

Who your customers are will depend on your products and location, andthe best way to earn their business is by stocking a clean, trendy,eye-catching cart or kiosk; looking clean, enthusiastic and cheerfulyourself; and doing the market research to place yourself in the bestpossible location. Think about where you’ll find people who’ll wantyour goods, then case the site at different times over a two-weekperiod to get a feel for traffic flow and customer demographics.

Needed Equipment

You’ll need a resale license so you can purchase your productswholesale, and if you’ll be serving food, you’ll need a permit fromyour local health department. And if your cart or kiosk will followbehind your vehicle like a trailer, you’ll need a license for it.

Ifyou’ll set up shop in a mall or office building, you’ll need to getpermission from the mall or building manager. On a street corner, parkor event site, you’ll need an OK from city, county or eventauthorities.

Your minishop should be equipped with a cash register andadequate display or preparation space (if you’re making food) for yourproducts, plus any grills, refrigerators, freezers, steamers or ovensyou’ll require. You should also stock a stool to give your feet a rest;sales tickets and tags; and boxes, bags and papers for wrapping upmerchandise.

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.

Retail Business

Linen Shop

This retail business requires an eye for detail and design.

Entrepreneur

Published

on

Business At A Glance

Linen Shop

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

Business Overview

Retailing towels, bedding accessories, andtable linens can be extremely profitable, especially when you considerthat these products are routinely marked up 100 percent or more forretail sales. However, like any retail operation, success comes tothose operators with an eye for detail and a habit for practicing soundbusiness judgment, and a linen shop is no exception to the rule.

Considerations prior to opening will include business location, localcompetition, methods of advertising and promotion, and all managementaspects including finances, employees, and inventory. On the positiveside start-up costs for this type of business are reasonable, as thereare few chattel and equipment requirements.

The bulk of availablestart-up capital can be used for purchasing moneymaking inventory. Forthe financially concerned entrepreneur, consider a store-within-a-storeapproach as a method to reduce start-up costs. Good matches includeexisting retailers of home furnishings and grocery stores.

Continue Reading

Retail Business

Gun Shop

Here’s a great market to shoot for.

Entrepreneur

Published

on

Business At A Glance

Gun Shop

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

Business Overview

In spite of the fact that gun ownership isbecoming increasingly restrictive due to government legislation in boththe United States and Canada, opening and operating a retail businessthat buys, sells, and trades guns still has the potential to beprofitable.

In addition to gun sales you can also sell ammunition andhunting-related products as well as offer a gun repair service. Promotethe business by establishing alliances with gun clubs and shootingranges as well as with firearm instructors, as these clubs andindividuals can refer your business to others.

Starting this type ofretail business will require a substantial investment and you will alsohave to clear a few legal hurdles before you can open. A well-promotedand operated gun shop could return the owner a six-figure yearly income.

Continue Reading

Retail Business

Used Wedding Gowns

Help brides-to-be find beautiful, affordable gowns.

Entrepreneur

Published

on

Business At A Glance

Used Wedding Gowns
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

Sell secondhand wedding gowns from home as well as on the internet for a profit. In a nutshell, the main objective is to purchase secondhand wedding gowns and accessories at bargain basement prices and resell these same gowns for a profit.

The gowns can be sold from a home based location as well as on the internet by developing your own website. In addition to purchasing gowns, you can also accept consignment gowns and retain 25 to 40 percent of the sales value for providing the service.

Additionally, to boost profits you can enlist the services of a local seamstress to also provide clients with custom, made-to-order new wedding gowns. Advertise your business in your local newspaper and build alliances with wedding planners to promote the business.

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

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

Trending