Most women have at least one bag in their wardrobe. But in general, as a rule, business is not limited to one bag. Therefore, this accessory and similar products are bought daily and bring good profits to manufacturers and sellers. If you've decided to start your own business, take a look at this trading niche.
Instructions
Step 1
Starting a shopping bag shop, like any other commercial organization, should start with drawing up a business plan. This is not only a list of required actions and items of trade. This is a thoughtful plan with a detailed description of all points that relate to the future of the business. It necessarily includes forecasts for the future and designated goals.
Step 2
Prepare your start-up capital. It can have multiple sources depending on your capabilities. The most convenient, but not common source of capital, is your own savings. It is most realistic if a small initial amount is required to open a store. Another way to raise money yourself is to sell your existing property. If the two suggested options do not suit you, you can organize the financial basis of your business with a bank loan or a government program to support start-up entrepreneurs.
Step 3
Legalize your business by registering a company. The best option would be individual entrepreneurship. The trade in bags does not require licensing. This fact will greatly facilitate the opening of the store.
Step 4
Choose a room for a bag shop, focusing on the average traffic of the territory. The main options for the location of the outlet are renting a place in a large store or own premises with a separate entrance. The second option involves an increase in the rental price by about 30%. Think over the design of the store. You can do it yourself, or you can hire a designer. A hired decorator will help your store get a look that will attract customers.
Step 5
The assortment of the store can consist of models of one brand, or of several. You can find suppliers of goods on the Internet or at specialized exhibitions. If you are interested in fast promotion, give preference to mid-range bags. If you are aiming for maximum profit, work with established brands. In any case, you can diversify the assortment and get additional benefits with the help of related haberdashery products.
