Connect with us

Retail Business

Patio Furniture Retailer

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

Entrepreneur

Published

on

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.

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

Wholesaler

Be the middle person between a manufacturer and the retailer. With any product or service included, this is a business that will always be needed.

Entrepreneur

Published

on

Business At A Glance

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

Business Overview

A wholesaler is the link between a manufacturer or producer of a product or service and the retailer or reseller of the product or service. There are many different types of products and services that can be sold on a wholesale basis including food items, computers and software, telecommunications services, and even public utilities.

Starting a wholesale business is somewhat more difficult than starting a traditional retailing business. Not only do you have to source companies to buy products and services from, you also have to source companies to sell the same products and services to.
 
As competitive as the wholesaling business currently is, the future does look bright, especially when you consider homebased and cyberbased business start-ups are increasing at a record pace. Many of these new business enterprises lack the space required to get their products to market, which means they need the services of a wholesaler with distribution channels, warehousing space, and transportation capabilities.

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
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

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

Trending