Connect with us

Retail Business

Wooden Toy Manufacturing and Sales

Love classic toys? Make them and then sell them.

Entrepreneur

Published

on

Business At A Glance

Wooden Toy Manufacturing and Sales
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

Wooden toys not only appeal to children for play, but also to adults for home and office decorations. Manufacturing wooden toys is a wonderful home based business opportunity that can be activated for peanuts and has the potential to return big profits.

Marketing the toys can be accomplished by way of wholesale sales to merchants, the internet, mail-order catalogs, craft shows, mall kiosks and home shopping parties. Traditionally, popular wooden toys include trains, jigsaw puzzles, cars, numbered building blocks and wooden soldiers. But that’s just the tip of the iceberg.

The only limitation to the different kinds of wooden toys that can be designed and manufactured is your own imagination. Additionally, approach local building and home improvement centers to see if they’ll let you set up a mini-manufacturing facility right in their store. If this can be accomplished, it would be a great marketing tool to be able to build the toys in front of a live audience.

Needed Equipment

The requirements for type of woodworking business enterprise are relatively basic, and include woodworking skills and a well-equipped woodworking shop.

Design and building plans are available for various types of wooden toys, or you can design your own toys as your skills improve. In the age of being politically correct, it’s not a bad idea if you were to use only recycled wood to make your toys.

Not only would you be helping the environment and saving money on material costs, but it can also be a useful and powerful marketing tool. Recyclable wood material includes beach driftwood, used building materials, cedar rail fencing, pallets, packing crates and fallen forest brush. And most, if not all, of these waste wood materials can be acquired for free.

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

Leather Fashions

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

Entrepreneur

Published

on

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.

Continue Reading

Retail Business

Collectible Clothing

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

Entrepreneur

Published

on

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.

Continue Reading

Retail Business

Network Marketing

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

Entrepreneur

Published

on

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.

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

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

Trending