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Retail Business

Vintage Clothing

They’re so old, they’re trendy again. A vintage clothing shop is a classic way to bring back old styles.

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Business At A Glance

Vintage Clothing
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

The value and popularity of collectible clothing has been on a steady increase for the past decade and this demand for outfits from the ’40s to the ’80s shows no signs of diminishing.

Starting a business that sells vintage duds from a retail storefront or online is a fantastic venture. If you’re choosing to go online with this idea, there are various money-making options available.

You can charge people a fee to list items for sale, sell banner advertising space, participate in online auctions or, the most obvious choice, scout out collectible clothing yourself in thrift stores, yard sales, online auctions or directly from sellers, and sell it online for a profit.

The Market

You will have a lot of young people looking for hot retro fashions, but you can also do good business in costumes. Halloween will be a busy time for you, and you might want to send fliers to local theatre groups and schools.

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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

Used Wedding Gowns

Help brides-to-be find beautiful, affordable gowns.

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Business At A Glance

Used Wedding Gowns
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

Sell secondhand wedding gowns from home as well as on the internet for a profit. In a nutshell, the main objective is to purchase secondhand wedding gowns and accessories at bargain basement prices and resell these same gowns for a profit.

The gowns can be sold from a home based location as well as on the internet by developing your own website. In addition to purchasing gowns, you can also accept consignment gowns and retain 25 to 40 percent of the sales value for providing the service.

Additionally, to boost profits you can enlist the services of a local seamstress to also provide clients with custom, made-to-order new wedding gowns. Advertise your business in your local newspaper and build alliances with wedding planners to promote the business.

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Retail Business

Bicycle Courier Service

Peddle up profits with a bicycle courier service.

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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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