Small Businesses For Women To Start – Small businesses are not dead. In fact, never before have small businesses received so much support. Sure, it is quite a bit more risky and challenging to run a small business in these times, but there is still a great opportunity to solve various consumer problems and meet increasing demands.
So, if you think now might not be the time to open a small business, think again! More people are doing it than ever before. And while that means there’s also more competition than ever, there are an incredible amount of great small business retail ideas that might resonate with your dreams and passions.
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Let’s take a look at this far from exhaustive list of small retail business ideas and see if one jumps out at you.
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More and more of us are interested in a variety of things. And that’s great! If you’re having trouble narrowing down the type of product or service you want your store to offer, pick a few. More and more SMEs are doing it.
Actually, the idea has been around for a while. Yamaha sells both motorcycles and pianos; Bic famously sells both lighters and pens; Nestlé sells water and chocolate.
Today, small retailers usually focus on two less expensive and time-consuming products. Some craft breweries venture into selling hot sauce or even repairing bicycles. Larger retailers like Urban Outfitters have rebranded to sell much more than just clothes; Books, cards, plants, albums and many other small items are now on their shelves.
There are endless ideas, so don’t be afraid to try something unique. A new combination of products may seem strange at first, but it will certainly attract attention. And if done right, it can be a huge retail success.
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Quick service restaurants continue to do well everywhere. Even fast food, after the health and wellness craze, have found ways to continue to grow. Nowhere is this growth among QSRs greater than with food trucks and pop-up stores.
Food trucks are mobile, diverse and can cater to any type of demographic. Plus with restaurants today having limited seating or banning indoor dining altogether, food trucks have a competitive advantage.
As a food truck business owner, you can track the seasons across the country, strategically plan the holidays, locate near major events, and easily relocate yourself when needed. This small business idea offers a remarkable amount of flexibility and choice.
Pop-ups have similar luxuries. They are an easy way to market your SMB and great social media talking points. Plus, it provides the urgency and excitement that will get a buzz around your brand. Pop-ups can serve food, but they can also be any other type of retail, from a fashion store to a pet store.
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It wasn’t that long ago that we only had a handful of beers, wines and liquors to choose from. There weren’t that many others made, the laws were harsh, and the division was even harsher. Clearly this is no longer the case. Craft breweries and distilleries are everywhere. Local wine and cheese shops seem to be on every corner. Craft spirits, such as those sold as vomFASS, are a massive success. And the demand continues to grow accordingly. If your city has a void in wine shops, craft beer bars, or any other type of alcohol or beverage business, consider filling it. Your neighbors will love you.
Cities big and small are more local-minded than ever before. There is no New York, L.A. or bust more. Cities like Sioux Falls, Santa Fe or Asheville (to name just a few of many great small cities throughout the country) welcome new residents from all over the country. And they attracted attention by offering a strong community and neighborhood environment.
At the heart of creating this atmosphere are co-op spaces, community markets and local festivals. Co-op grocery stores or wellness stores compete against some of the biggest names in the country. Local gyms partner with other businesses to attract new customers. More and more cities are now hosting farmers markets and swap meets. If your city needs something like this, think about organizing it. If it is already there, think about what small business idea is missing and start it yourself!
Fortunately, most of us demand more responsibility from our dealers. And many retailers responded in kind. QSR small businesses are often more focused on a local farm-to-table menu. Shoe companies, like Allbirds, use natural, recyclable materials with every pair. Even major coffee brands, such as 365 Everyday Value, insist that their beans are sustainable and fair trade.
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This movement is only gaining momentum, so hop on the bandwagon while there’s still time. There is still a lot of market for thousands of different products.
More and more Americans are spending money on self-care. From gym memberships to herbal tea shops, the global health and wellness market revenue is expected to reach 6033196 million USD by 2025.
The cool thing about health and wellness retail is the variety in the types of products or services you offer. You can start a small grocery store in Taos, a juice bar in Portland, or a natural supplement business in Minneapolis.
Think about what type of wellness you are most interested in and see what the local supply and demand is. Once you’re up and running, you have many opportunities to expand and scale your small business.
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This is quite broad, but that’s the beauty of it. Organic products are more popular than ever. And it’s not just organic products that consumers are asking for: cosmetics, skin care, baby products, pet food, alcohol, to name just a few.
Again, focusing on your sourcing, sustainability and supply chain can give your business instant credibility. Find your niche and start your small retail business.
What’s better than locally made? Handmade by you, the merchant. It’s interesting, easy to tell your brand story and inspiring. And most people want to support this type of small business. It is also easy to collaborate with other local artists to sell handmade products together. This type of cross-promotion benefits both suppliers and will make your shoppers happy.
Not only is vintage cool, but it’s great practice to reuse old but perfectly good clothes. Plus, it has to be one of the funnest small businesses to start. It’s easy to build your inventory and you can do it by shopping at some of the most interesting places.
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Vintage shops, thrift stores or second hand markets are all easy ways to compete against eCommerce retail as well. Very few webshops have started selling used goods online.
The art of cooking may be fading, but Blue Apron certainly isn’t. The company that sells you a meal in a box was the fastest growing retailer in 2017. And Blue Apron is just one of MANY.
Dollar Shave Club began selling complete male grooming kits in 2011 and was recently acquired by retail giant Unilever for around $1 billion. Winc (formerly Club W) sells monthly, customizable wine sets. Try the World sells authentic gourmet food selected by chefs from around the world.
The industry is growing at an incredibly fast pace and can be sold online or in brick and mortar stores. It makes shopping easy and exciting. So come up with the next big box subscription idea and run with it!
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Marijuana is now legal in most states in one form or another. The industry is flooded with both small players and large companies, making it a difficult market to enter. The regulations and laws surrounding it are also difficult to come by. This is not to say that one should not open a cannabis business; it could be remarkably lucrative. But for this article, the focus is better placed on the trade that is tangential to cannabis.
The growing interest in the use of cannabis is impossible to ignore, opening doors for new glass shops, QSRs, vape shops, clothing stores, and even art shops or studios. You have many options and a huge, largely untapped market for starting a small business.
Finally, how about following the now-famous example of TOMS shoes, and donating something with every purchase. People will pay more for these types of products, so your margins don’t even have to suffer. This goes hand in hand with the sustainability movement and is a great way to create positive press around your brand even before you open. You can donate the product you sell (like TOMS does) or you can do something completely separate. What a great way to start a small business.
Of course there are! Very much. But this is a good place to start. If youare thinking about opening a small business or just started one and need a great small business POS system, look no further than KORONA. Click the link below to see some of our great Point of Sale features and sign up for a free demo!
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Tell us a little about your business and discover all the features that KORONA has to offer. And there is no one
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