Starting,Retail,Business,Top,T business, insurance Starting a Retail Business? Top 5 Tips for Saving Money


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Normal 0 Businesses that arejust starting up can always benefit from saving money and, in today’s economy,that’s especially true. Whether you’restarting a candy store or opening a gift shop, the five tips below can help yousave money. 1. Buy Only What You Need Actually, this tiphas two parts: First, you figure out what you need, and then you buy only whatyou need. Chances are, youalready have a pretty good general idea of what you need, such as merchandiseand display fixtures. For example, maybe you already know you’re going to sellcandy and you need display fixtures for your store’s floor and countertops. Atthis point, you just need to decide what kind of candy you’re going to sell(wrapped candies? unwrapped candies? novelty candies? gourmet candies?) and howyou want to display the candy (clear plastic containers? colored acrylic bins?glass fish bowls? gravity bins?). Determining exactlywhat you need before you start shopping ensures you don’t spend money on itemsyou won’t sell or use. 2. Don’t BuyEverything at Once This tip goeshand-in-hand with buying only what you need. While you don’t wantto buy too little for your store’s opening day, you can opt to buy only whatyou know for sure you’ll need during the first few months and then, afterspending that time observing your customers’ needs, buy more. This also givesyou a great opportunity to advertise “new” and “special” items that will pleaseyour existing customers and attract new customers! 3. Buy Bulk Itemsat Wholesale Prices Generally, buying inbulk and buying at wholesale prices go hand-in-hand. When you buy bulk itemsfor wholesale prices, you’re getting large quantities of items for a lowerprice than you’d spend if you bought the items individually or in smallerquantities. Think of the kindsof merchandise you want to sell a lot of, as well as the kinds of displayfixtures you plan to use the most, and find a distributor that sells thoseitems at wholesale prices. Just be sure to compare the prices of severaldifferent companies, because many companies that claim to offer wholesaleprices actually don’t. 4. Buy On Sale In addition to looking for wholesale items, look for on saleitems. Just like the retail businesses they cater to, retailers anddistributors have sales and offer discounts. Store owners can save tons ofmoney when they browse the catalogues of sale and discount items. Just be sure all the savings don’t sweep you up, becauseyou’ll waste money if you purchase items you don’t need just because they’re onsale. 5. Buy Start Up Specials Many retailers and distributors offer start up specials forretails stores that are just getting started. Such start up specials mightinclude:Pre-filled candy displays for your floors and countertops.Pre-filled novelty displays for your floors or countertops.Versatile display racks designed with basic display needs in mind, like bucket racks wooden basket racks for countertops and floor displays.Basic tools like aluminum scoops and acrylic tong kitsfor handling unwrapped food items.

Starting,Retail,Business,Top,T

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