Posts Tagged ‘store’

Small Business Investment Ideas – Starting Your Own Dollar Store

November 27th, 2018

There are many lucrative small businesses out there that are easy to start up. One of my favorite small business investment ideas is starting your own dollar store. It might seem like it would take a huge investment, but it’s not as expensive as you might think. It’s a great way to get started as your own boss and make a huge profit.

The first thing you will need to do is find a wholesale company who will sell bulk products for cheap. You will be selling everything for $1 a piece, so try and keep your costs to under $0.10 a piece for each product. There will be exceptions to this rule, as some items you’ll know will be big sellers, but it is a good general rule. Also be sure to do your research in your area to see what products you think will be in high demand.

You’ll then want to scout out a location for your store. Try to find a place in a high traffic area that has a history of a lot of foot traffic. Locations near shopping malls and groceries stores tend to be good options. When people walk by those stores, they are typically ready to buy things – so they’re a great target for your business. You might also consider areas where people might be looking to kill some time, such as near schools or movie theaters.

This small business investment idea is a great one, because you’ll be able to run your own business and make a ton of money. People are always looking for a bargain, why not be the one to provide it for them?