The sphere of trade is the most popular choice for organizing your own business. Today, making money on trading is quite simple if you take the process of your business seriously enough and adhere to the basic rules of doing business. How do you open your own business and make money trading?
It is necessary
initial capital
Instructions
Step 1
Analyze the market in your region. Find areas in which the demand is high enough and perhaps the supply does not meet the needs of the population.
Step 2
Select the area of trade, groups of goods that you will sell. When choosing a direction of trade, be guided by the analysis of the consumer market in your region.
Step 3
Create a business plan for your sales outlet. It should reflect all the main questions about the activities of a trade organization, calculations of costs, profits, profitability, analysis of competitiveness.
Step 4
Register with the tax office as a trade organization. Both a legal entity and an individual entrepreneur can be engaged in trade. Choose the optimal form of organization of a trading enterprise, based on data such as the estimated sales volume, assets of the future company, etc.
Step 5
Find potential suppliers and conduct preliminary negotiations with them about the terms of cooperation. After you receive data on the conditions for the provision of goods, purchase prices, select suppliers offering delivery of goods on the most favorable terms for you.
Step 6
Select retail space for the activity. Try to choose premises with inexpensive rent if you plan to rent premises or purchase premises at a bargain price in places where your potential buyers are concentrated.
Step 7
Increase the profitability of your retail business. This can be achieved both by reducing the purchase price of the product, and by holding all sorts of promotions, sales, and the introduction of bonus systems. Constantly look for new sources of supply of goods in order to expand the range.
Step 8
Analyze the demand, make up the purchase volumes in such a way as to ensure a sufficient quantity of goods in the warehouse before the next purchase.
