Opening a jewelry store involves acquiring the product, finding an area to sell it and setting up the store. It can be accomplished within one to six months.Continue Reading
Order the jewelry from a supplier. You can also make jewelry by hand or stock the store with a mix of third-party jewelry and your own custom designs. Decide whether the store carries all kinds of jewelry or caters to a specific type. Purchase from a wholesale supplier for a discount.
Rent a space in an area with plenty of consumers. Purchase display cases to show off your jewelry, at least one cash register with a credit card reader and a security system. Jewelry stores are at high risk for theft. Determine prices for the product that are high enough to ensure a profit but low enough to appeal to customers.
Decide on the name of your store. Obtain a business license. Begin marketing before the opening with advertisements in the newspaper, online or on television. Consider holding a grand opening sale. Ask customers to sign up for an email list with special sales offers. Hire sales people if necessary, or run the store on your own to keep costs down.
Tips for purchasing used retail store fixtures include determining the exact needs of the store, deciding on the display types before making a purchase and ensuring that the store has the space for the equipment. Buyers should also view the fixtures in person, if possible, to review their condition before placing the order.Full Answer >
To start a thrift store business, develop a business plan, raise capital, get registered and market the venture. Planning extensively before initiating any business activity is key to achieving success, notes the United States Small Business Administration.Full Answer >
Subway stores brought in an average of $445,000 in annual sales in 2010, notes Franchise Marketing Systems, and the annual profit per store was about $56,925. The franchise fee was $12,500 in 2010, with an initial investment of approximately $213,000. The initial total investment in the store ranges from $116,600 to $263,150, notes Entrepreneur.Full Answer >
Many stores have shorter hours on Sundays because Sunday store openings are still controversial in some jurisdictions and local laws may prevent standard operating hours on Sundays. Some locations still regulate when and what types of stores may open on Sundays.Full Answer >