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Retail Business

Wine Shop

Drink to your health and to your business.

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Business At A Glance

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

Business Overview

Retailing wine can be extremely profitable, and this type of business can even be operated from a well-positioned kiosk located in a mall or market. In the right location, walk-in customers will keep you busy selling lots of wine.

But as a method to bolster sales and profits, also be sure to establish alliances with event and wedding planners, catering companies, and business clubs and associations as they can become a great source of repeat business.

Like any retail business, seek a competitive advantage, meaning offer your customers something the competition does not. Perhaps phone-in orders with free delivery or maybe a weekly wine tasting night. The ability to separate your business from the competitions’ often is the difference between business success or business failure.

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Retail Business

Glass Shop

A glass shop could be the window to your entrepreneurial future.

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Business At A Glance

Glass Shop

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

Business Overview

Windows, tabletops and mirrors’-the need forglass is everywhere. That’s why a glass shop in your community is agood business to start. Operating this kind of specialty businessrequires experience in glass cutting and glass installation techniques,which is called glazing; or a person with these skills is called aglazier.

Providing you or your staff possess this sort of workexperience and ability, then opening a glass shop can be a veryprofitable business to own. There are a great many types of glassinstallations the business could focus on.

Or you may want tospecialize in one or two specific areas, such as custom glass tabletops or only installing construction equipment glass, such aswindshields. This business venture can be costly to establish. However,once you have identified the market that you will be catering to, thebusiness can easily generate profits that can exceed $75,000 per year.

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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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Retail Business

Used Appliance Sales

Buying secondhand appliances for resale is a tidy way to clean up profits.

Entrepreneur

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Business At A Glance

Used Appliance Sales

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

A tidy profit can be earned by selling usedappliances, such as refrigerators, stoves, washers, and dryers, rightfrom a homebased location. Get started by building a resource libraryin terms of appliance models, manufacturers, and retail selling priceswhen new.

This type of resource library will prove invaluable whenbuying secondhand appliances for resale purposes. To secure a initialinventory of used appliances to sell, begin by attending auction sales,garage and estate sales, and scanning your local classified newspaperads for good used appliances at bargain basement prices.

Your targetmarket for resale will include people on a budget, owners of secondaryhomes, and owners of residential rental and apartment properties. Somebasic knowledge of home appliance repair will come in handy, as well asa good, heavy-duty moving dolly and a pickup truck or utility trailer.Aim to maintain a 50 percent markup on all appliances sold and togenerate gross annual sales of $50,000 and this simple part-timehomebased business will produce gross profits of $15,000 per year.

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