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Retail Business

Network Marketing

Find a product you love and start selling to your friends and their network.

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Business At A Glance

Network Marketing

Startup Costs: Under $2,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Network marketing is one of the hottest retail industries out there. Itfunctions on the idea that you sell products to people who in turn sellto other people who sell to other people . . . and so on. Networkmarketing programs feature a minimal upfront investment–usually a fewhundred dollars or less for the purchase of a product sample kit–whichgives you the opportunity to sell the product line directly to family,friends and other contacts.

Most network programs also ask that yourecruit other sales reps–those same family members, friends andacquaintances. These sales rep recruits constitute your ‘downline,’ andtheir sales generate income for you. Then whoever they recruit becomespart of their downline as well as yours, generating income for them aswell as for you.

So the more people you bring on board, the better yourincome potential. If you’re a sales-savvy type who can convince othersof the beauty of this plan and keep them selling sales memberships (aswell as products), you can earn a substantial amount of money. Andyou’ve got lots of network marketing plans to choose from.

The mostpopular sell health supplements and beauty aids, but you can go witheverything from long-distance phone services to fine art prints. Theadvantages to this business are that start-up costs are minimal, hoursare flexible, you can start part-time, and you can work from home.

About the only thing you need in this business is a sense ofsalesmanship. If you’ve got a background in sales, you’re ahead of thegame, but if not, you can still succeed. Just make sure you believe inthe products and the company you’re working with. Honest enthusiasmgoes a long way toward convincing others to buy.

The Market

Your customers will be anybody and everybody you know or meet. Mostnetwork marketers start off soliciting friends and family. If there areothers working for the same company in your area, they may haveorganized weekly meetings at which salespeople and prospects gather tocheer each other on and sign up new members.

If so, make it a point toattend with your own prospects. It’s harder for people to decline yourinvitation to join in a room full of other enthusiastic newbies. Inthis business, it’s important to keep your distributors selling. Don’tsell them a membership and ignore them, or they’re liable to drop downtheir link in the chain.

Talk to them often about how they’re doing. Gowith them on sales calls to offer moral support and enthusiasm and helpsign up prospects. Many network marketers sell via the party plan. It’seasy and it’s fun. Have a host or hostess invite friends to sample yourproducts. You sell products, sign people up, and the party-giver gets afree gift or a discount on her purchases.

Needed Equipment

You don’t need any special tools or equipment, except for a phone tokeep in touch with your distributors, parent company and prospects, anda car to go out and sign people up and attend the weekly pep-talkmeetings that are a feature of this business.

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.

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Retail Business

Leather Fashions

Rope in customers by offering leather clothes and accessories with large profit potential.

Entrepreneur

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Business At A Glance

Leather Fashions

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

Selling leather fashions is another greatfashion retailing business to initiate. Worldwide there are thousandsof manufacturers of leather fashions and accessories, so securing awholesale source for products should not prove to be difficult.

In thespirit of being unique, consider retailing the leather fashions innontraditional methods including by ways of the Internet, home shoppingparties, and catalog sales. Like many clothing ventures, the profitpotential is excellent for a business that retails leather fashions, asmany items can retail for as much $1,000 each, and the same item canoften be purchased wholesale for less than $500.

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Retail Business

Collectible Clothing

Bring back the vintage and retro styles of years past with a collectible clothing store.

Entrepreneur

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Business At A Glance

Collectible Clothing

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

Business Overview

The value and popularity of collectibleclothing has been on a steady increase for the past decade, and thedemand for collectible clothing from the 1940s to the 1970s shows nosigns of diminishing.

Starting a business that sells collectibleclothing from a retail storefront location is a fantastic businessventure to set in motion. The profit potential for a retailer ofcollectible clothing will vary based on factors such as operatingoverheads, volume of sales, etc. However, a markup of at least 100percent should be maintained, and a higher markup on rarer collectibleclothing items is certainly not out of line.

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Retail Business

Newsstand

Outdated, you say? In spite of online media convergence, classic print newspapers will never grow old.

Entrepreneur

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Business At A Glance

Newsstand

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

Business Overview

In spite of the popularity of Internetnewsgroups and news Web sites, the good old-fashioned corner newsstandis here to stay. In fact, the arrival of the Internet has onlyincreased the public’s desire for information’electronic or print.

Starting a newsstand retail business requires getting in touch with oneof the many distributors that carry just about every kind of magazine,publication, and newspaper you can imagine, and so building allianceswith hundreds of publishers is not required.

Additionally, mostdistributors of publications in every form have a buy-back policy,meaning that once the publication is out of date it is returned andthere is no charge levied for it. The key to a successful andprofitable newsstand business is diversification; the business shouldalso provide customers with product selections such as lottery tickets,cigars, and snack items.

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