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Retail Business

Musical Instrument Sales

Keep your business in tune with your passion for music.

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Business At A Glance

Musical Instrument Sales

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

Business Overview

Retailing musical instruments is a fantastic business venture for themusically inclined entrepreneur who’s seeking a way to capitalize ontheir skills and interests. Ideally, this type of specialty retailingis best suited to a retail storefront.

However, for the financiallychallenged entrepreneur, the business could begin on a part-time basisfrom home; as a joint venture with a like-minded retailer, such as a CDshop; or online.

In addition to selling musical instruments, you canincrease revenues and profits by providing instrument repairs, classes,rentals, and sales of related products such as sheet music. Also, besure to establish relationships with schools, music teachers,associations and clubs in the community. This can be a fantastic way topromote your business, products and services quickly as word-of-mouthadvertising and referrals really work.

The Market

Your customers are local musicians, parents who want their children tolearn an instrument, anyone who wants to take up an instrument, andorganizations that teach or play music and need a supply of instrumentson hand (say, a church that needs a piano or a local music school thatneeds a drum kit).

Needed Equipment

Regardless of where you start up, you’ll need a decent inventory andthe ability to accept credit card payments. For repairs, you may needspecialty equipment depending on your area of expertise.

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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

Patio Furniture Retailer

Attractive, comfortable furniture can turn a patio into another living space.

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Business At A Glance

Patio Furniture Retailer

Startup Costs: $50,000 – $100,000
Online Operation? No

Business Overview

All new decks and patios require one thingto complete them: patio furniture. A retail business that sells patiofurniture is a very easy business to initiate, as there are no specialskill requirements.

Patio furniture will pretty much sell itself,providing of course that the prices are fair and the quality isoutstanding. Worldwide, there are thousands of manufacturers of patiofurniture products, so securing a product line should not be difficult.

Additionally, consider stocking an inventory of locally made cedar orlog patio furniture, as traditionally wood patio chairs and tables havealways been excellent sellers. Marketing the business can beaccomplished by using all local print media, as well as by holding agrand opening sale to let potential customers know where you are andwhat products you stock.

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Retail Business

Secondhand Clothing Store

People love a bargain. Put your good taste to use by opening a used clothing store.

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Business At A Glance

Secondhand Clothing Store

Startup Costs: $2,000 – $10,000
Online Operation? Yes

Business Overview

There are a few options available to theentrepreneur considering a retail business that sells secondhandclothing. The first and most capital-intensive option is to open a usedclothing store from a fixed retail location or storefront.

The secondoption is to sell the secondhand clothing items via a flea-marketbooth. The third option is to develop a website and sell used clothingonline.

Of course, all three options could be combined into oneoperating format, and combining all three methods of marketing anddistribution would greatly increase potential business revenue. Thereare even a few companies that sell secondhand designer clothing by wayof home parties and independent sales consultants, which could also bea potential avenue worth investigating.

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