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Retail Business

Clocks

It’s always the perfect time to start a clock business.

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Business At A Glance

Clocks

Startup Costs: Under $2,000
Home Based: Can be operated from home.
Online Operation? No

Business Overview

Calling anyone that is seeking to start amanufacturing business that can be operated from home, costs less than$1,000 to set in motion, does not require special business ormanufacturing skills, and has the potential to generate profits of$50,000 per year or more.

Does this sound like the business opportunitythat you have been looking for? If so, perhaps you should considerstarting a business that manufactures clocks. We all need them, and themarket demand and product acceptance from consumers has been proven forwell over a century.

The components needed to build the clocks can bepurchased on a wholesale basis from manufacturers of these items, whilethe housing for the clock itself can be manufactured by your business.The key to success is to make the clocks different and appealing toconsumers. Try a different manufacturing process, or use a unique rawmaterial to construct the clocks from. In other words, find your niche.

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Retail Business

Inventory Liquidation

Every cloud has a silver lining. When other stores close shop, you can buy their products wholesale.

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Business At A Glance

Inventory Liquidation

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

Business Overview

Every year thousands of retail merchants andcorporations across North America go out of business, move, reform, andamalgamate, and often this results in billions of dollars worth ofstock and inventory becoming available at bargain basement prices.Purchased right and this same inventory can sometimes be bought for aslittle as five cents on the dollar.

Later this can often be resold foras much as five times the purchase price on a wholesale basis, and asmuch as ten times on a direct-to-consumers retail basis. A goodstarting point for purchasing bargain inventory (at least until thebusiness builds a reputation and contact base as a liquidator) is toestablish alliances with trustees that deal in commercial bankruptcies.

Generally the trustee appointed will either arrange to auction off theinventory assets of clients, put out a tender, or offer to purchase theinventory, which usually goes to the highest bidder on a cash basis.Reselling the inventory can be accomplished in a few ways includingselling the inventory to retailers on a wholesale basis or selling theinventory in smaller quantities to other inventory liquidators.

On adirect-to-consumer retailing basis, the inventory can be sold through acompany-owned liquidation store or stores, or monthly inventoryliquidation sales can be advertised and held over a few days inshort-term rental premises. However, there is a down side to thisbusiness, which is purchasing inventory that is difficult to sellregardless of price.

This is a very common mistake for first timers inthis industry. Traditionally, the best type of products to purchaseunder inventory liquidation conditions are power and hand tools,nonperishable food items, books, music CDs, toys, building materials,and electronics. Always stay clear of products that have a limitedshelf life, or that have special warehousing and transportationrequirements.

Once again, this is the type of business where theability to profit will greatly depend on a number of factors such assales volumes, markups, and product costs. Having personally dabbled inthis industry in the past, I can assure you that it is possible to make$10,000 per month or more, providing a carefully planned andwell-researched approach to the business is executed.

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Retail Business

Vacuum Cleaner Sales

Here’s a business that sucks up profits.

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Business At A Glance

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

Business Overview

A vacuum cleaner sales and repair business is a terrific small business venture to put into action, as the business and consumer demand for the product has been proven for many decades.

Like any new retail business venture, store location will top the list of special considerations for this new venture, as well as local competition, potential market growth, and local labor force for the vacuum repair aspect of the business.

If you do not possess this ability. It will be of great importance to the success of the business to establish an exclusive sales, service, and distribution agreement with a manufacturer of vacuum cleaners, as this is the only way to compete in a competitive market, keep wholesale product costs low, and build brand-name recognition.

Additionally, be sure to also provide built-in vacuum cleaner sales both to residential clients, as well as to commercial customers such as property developers and construction companies. Expanding the product line to include built-in vacuums can greatly increase business revenues and profits.

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Retail Business

Bicycle Courier Service

Peddle up profits with a bicycle courier service.

Entrepreneur

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Business At A Glance

Bicycle Courier Service

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

Business Overview

The first step in starting your own bicycle courier service is to checkand see if a courier license is required for your vicinity. If alicense is not required, or you can secure one easily, the second stepis to begin marketing your new bicycle courier service.

You can chargesimilar rates for envelopes and small parcels as the motorized courierscharge, with the benefit being your overheads will be a fraction oftheirs.

One person can easily operate a bicycle courier service with acellular phone for incoming delivery inquiries. The business can beexpanded to include multiple bike couriers with a central dispatchsystem. Either way, this low-cost business venture is a sure-fire wayto earn an excellent income and stay very fit.

The Market

Ideal candidates include law firms and design companies. To attractclients simply set appointments with local companies who would requirefast, reliable and local delivery service.

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