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Retail Business

Convenience Stores

Set up shop in a convenient location and you’ll have customers dropping in.

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Business At A Glance

Convenience Stores

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

Business Overview

In spite of the rising popularity of internet shopping combined withhome delivery of grocery and convenience items, starting and operatinga ‘mini convenience store’ is still a good business venture to activatethat has the potential to generate respectable profits. The namesuggests it all. In order to succeed in this segment of the highlycompetitive retail industry, the store must be convenient.

This meansan easily accessible and highly visible business location, well-stockedwith the most popular convenience products, and fast and friendlyservice. Remember, if a customer’s shopping experience at the store isnot convenient then there won’t be any repeat business.

In addition tothe usual supply of convenience products, such as milk, eggs, bread,snack items, and soda pop, be sure to add other products and servicesto attract customers to the store and keep them returning as repeatbusiness. These products and services can include lottery ticket sales,tobacco products, newspapers and magazines, a fax service,photocopying, calling cards, postal stamps, and even fresh-cut flowersfor sale on a daily basis.

Once again, business location is the key tosuccess. The business must be located with easy street access and goodparking, or alternately in an area of heavy foot traffic like a mall,transportation terminal, or office district.

The Market

People in a need of a convenient, one-stop place for one or more of their needs

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Retail Business

Used Furniture Retailer

Help others out of their financial hardships by picking out classic furniture to sell.

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Business At A Glance

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

Business Overview

Purchasing secondhand furniture at auction sales, garage sales, from classified advertisements, and estate sales is the starting point for opening a used furniture store, or reselling secondhand furniture right from your home.

There are a great number of benefits to starting a business that sells secondhand furniture:
  • No special skills or equipment requirements.
  • Relatively low initial start-up and monthly operating costs.
  • Great profit potential, as used furniture can be marked up by 100 percent or more.
  • Very little in the way of government regulations beyond a business license.
  • Proven stable and profitable retail industry.

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Retail Business

Framed Movie Posters

Picture this: A business surrounding movies.

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Business At A Glance

Framed Movie Posters

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

Movie posters can often be purchased forless than $1 each from video stores and movie theaters. Once framed,these valuable pieces of art can be resold at flea markets, mall kiosksand to interior designers for terrific profits.

Older movie posters arealso in high demand as collector items and this side of the business isbest suited for internet sales. You can develop your own website for asmall investment and start marketing collectible movie posters.

Thereare guides available that list the value of collectible movie postersdepending on condition. These guides will be an invaluable source ofinformation if you intend to offer collectible movie posters for sale.

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Retail Business

Used Baby Equipment

Make the best of expensive baby products the original owner no longer needs by reselling them.

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Business At A Glance

Used Baby Equipment
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Baby equipment–such as strollers, bassinets, car seats, cribs, toddler beds, cradles and changing tables–can be very expensive and often out of the financial reach of many new parents. So why not start your own business that specializes in clean, good-quality secondhand equipment for babies.

The business can be started for less than $15,000 and can be operated from a small retail store location. You can purchase items from parents and mark them up by at least 100 percent for resale purposes.

Likewise, you can also take in items on a consignment basis to reduce business startup costs. This business is ideally suited for a person who has a number of contacts with parents within the community.

It’ll also be helpful if you’re handy–you can purchase a piece of furniture or equipment that isn’t in tip-top shape, fix it up and sell it for a lot more. You’ll also want to keep a very close eye on this market–you don’t want to sell outdated equipment or anything that’s been recalled for safety reasons.

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