Archive for the ‘Luxury Products & Services’ Category

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How to Open a Men’s Salon Shop

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Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Open a Men's Salon Shop Business Overview:

Attention stylists: if you’re looking for a lucrative niche where you can apply your skills and be your own boss, learn how to open a men’s salon shop. There’s a huge market out there who wants and needs salon services but may be embarrassed to go to a women’s salon. Plenty of men get manicures and pedicures; some even get facial treatments and hair removal but they are self-conscious when they walk into a salon filled with women in rollers under dryers. These men have a great deal of expendable income and would gladly pay for specialized services that focus on men only. There are a number of details you’ll need to consider before opening your doors, so it’s a good idea to draft a business plan to help you focus. Explore the franchise options available. Franchises come with a proven business model and will help you with everything you need to get started including marketing. A slick website will help a great deal by giving your clients the opportunity to fully research your salon and your services (including pricing) before they call for a reservation. You will need to decide what types of services you will offer. Consider starting out with just haircuts, manicures and pedicures then, as business picks up, you can add services like facials and massages. Recruit licensed salon professionals to work for you. This will free you up to market your business and ensure your clients are satisfied. The theme of your salon can be a soothing spa-like atmosphere with soft music, candles and flowers or you can go the other direction and offer a salon with televisions featuring sporting events and “man” movies and louder music. Regardless of your atmosphere and what types of services you offer, just having a salon that caters to men will be a huge draw in your area. Often business ideas that only cater to one niche limit your profits but in this case, a men’s salon will see great profits as your clients spread the word about your wonderful business.

A Day in the Life of a Men’s Salon Business Owner:

If you are one of the stylists, you will spend your day greeting customers and performing haircuts, manicures or other salon services. If you have hired a full staff of stylists and massage therapists, you will spend your day making sure your business is running smoothly and your clients are happy. You will also spend some time marketing your business with online ads and in local magazines.

About Your Customers:

Your customers will be men looking for some pampering by getting a pedicure, massage, haircut, etc. in an environment that is only for men.

What You Need to Start:

  • Business plan
  • Marketing plan
  • Storefront
  • Salon equipment
  • Salon products (to use and to sell)
  • Staff
  • Website
  • Computer with finance software

The Good:

  • Men will pay top dollar for an “exclusive” salon that caters just to them.
  • It’s rewarding to see your clients enjoy themselves.
  • Franchises are available to help you get started.
  • You are likely to see plenty of repeat and referral business.
  • You can scale up your business by offering additional services as your business picks up.

The Bad:

  • Start-up costs are high.
  • It can take some time to get your first few clients.

Resources:

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Starting an Above Ground Pool Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting an Above Ground Pool Business Business Overview:

If you love working outside and are looking for a terrific seasonal business, consider starting an above ground pool business. An above ground pool sits in a backyard much the way an in-ground pool does except there is no hole to be dug into the ground. All you need is a patch of level ground and you can install an above ground pool. However, without the right skills and expertise, installation can be extremely difficult. Above ground pools can be just as large as in-ground pools and are made of steel, resin, aluminum, wood. In order to show customers a few of their options, you’ll need to have a showroom with some displays. Obviously these will not be full-sized displays but will give customers an idea of how each material looks and how it’s put together. You will also need to carry (or be able to order) accessories like steps, covers, liners, heaters and fencing. If you can also install beautiful decking around your pools, you will add major profits to your business. You can work with a third party to build decks for your pools if you don’t want to use your staff for that part of the business. In addition to pools and pool accessories, you’ll also need to stock pool chemicals and offer water testing services. Above ground pools are typically less expensive than in-ground pools but that does not mean they are cheap. A large steel pool can cost around $5,000 USD. Add to that installation costs and accessories and you can see this can be a great business idea worth exploring. In cooler climates, this will likely be a seasonal business but if you offer closing and opening services, you can boost your profits further.

A Day in the Life of an Above Ground Pool Business Owner:

Your day will begin by opening your store. You will help customers throughout the day decide on what type of above ground pool best meets their needs. You will coordinate installation with your installers.

About Your Customers:

Your customers will be individuals looking for high quality above ground pools and installation services.

What You Need to Start:

  • Business plan
  • Storefront
  • Display pools
  • Accessories
  • Pool chemicals
  • Staff
  • Computer with finance software

The Good:

  • Above ground pools offer a less expensive alternative to in-ground pools.
  • It’s rewarding to give a customer just what they’re looking for.
  • You can hire a staff to do most of the work for you.
  • You can start out small and build your business as demand increases.

The Bad:

  • The start-up costs are high.
  • It can take some time to turn a profit.

Resources:

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Three Things to Know Before You Start a Pool Maintenance Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Pool Maintenance Business Business Overview:

Open a pool maintenance business and use your knowledge and experience to help pool and spa owners keep their investments clean and refreshing. Pools and spas take a lot of attention to keep them in pristine condition. And it takes an expert with plenty of experience to guide pool owners in their quest for a blue and sparkling pool. If you have worked in a pool store or as a cleaning technician for a pool company, owning your own pool maintenance business is the next logical step. You will need to have expertise with both above-ground pools and in-ground pools. Particularly in the summer months, offering pool consulting services is one of the best business ideas you can find. There are so many different types of pool chemicals available and the layperson simply doesn’t have the expertise to know how much of what to put in the pool. There are home testing kits and charts and a pool owner can make an educated guess as to what chemicals to add and when, but having a go-to person who they trust causes many pool owners to gladly pay for this service. You won’t need a storefront for your maintenance business since you—or your staff—will be traveling to your clients’ pools to do chemical correction, cleaning and other pool maintenance. Put large advertisements on your truck or van and let them do the marketing for you as you drive around town. Find out which pool stores in town do not offer water testing and contract your services with them so that their clients are referred to you for chemical services and cleaning. If you choose to buy chemicals in bulk, you will need a storage facility that is separate from your house (garage, off-site storage locker, etc.) in case of a spill. You could also choose to buy chemicals as you need them from a pool store. Depending on the climate you live in, the pool business could be seasonal. In the warmest climates, pools are open and in need of regular maintenance all winter but in cooler climates, pool owners close their pools during the winter. Consider adding pool closing and pool opening to your list of services so you can earn extra profits during the cooler months.

A Day in the Life of a Pool Store Business Owner:

You will spend your day during the busy time of year traveling to your clients’ homes to check chemicals and clean pools—unless you’ve hired staff to do this work for you. You will also spend some time marketing your business.

About Your Customers:

Your customers will be pool and spa owners in need of expert pool care and chemical consultations.

What You Need to Start:

  • Experience with pool chemicals (or a trained staff)
  • Truck or van
  • Water testing equipment
  • Chemicals
  • Storage facility for chemicals (or you could just buy them as you need them)
  • Computer with finance software

The Good:

  • Pool maintenance services are essential for pool owners.
  • Pool owners will gladly pay for experienced professionals to care for their pools.
  • The start-up costs are relatively low.
  • Your customers will likely hire your business to perform regular maintenance/cleaning which means a steady income.
  • You can boost your profits by offering additional services like pool closing and opening.

The Bad:

  • It can take some time to build your client base.
  • This business can be seasonal depending on your area’s climate.

Resources:

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A Refreshing Business Idea: Open a Pool Store

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Open a Pool Store Business Overview:

Swimming pools are big business and if you have experience in sales or pool service, it would be a wise business decision to open a pool store. You don’t even need to live in a warm climate to operate a successful pool business. Heated pools and spas are popular in cooler climates and there’s always the option of indoor pools to keep swimmers out of the elements. Since a pool store is a large investment, it’s a good idea to draft a solid business plan to keep you on track. Determine what type of pool store you will operate, what other items you will stock and what services you will offer. The largest part of your business will be pool sales and installations so it’s important that you have a working knowledge of in-ground pools and what is needed to install them. You can contract the actual installation with a third party construction company but your business will need to consult with the customer about what type of pool they want, how much land is needed, what type of filtration equipment they will need, etc. Other than pools, you can also sell spas and even display a few in your store if you have space. Outdoor furniture is also a nice addition to your inventory and it gives customers the option of buying everything they need for their outdoor entertaining area at your store. Your pool store should also stock maintenance items like skimming nets, skimmer baskets, vacuums and poles and you need to have a relationship with the major pool parts distributors so you can order larger items like sand filters and vinyl liners. A third area of your business will be pool chemicals. Pool owners will come to your store for water analysis and to purchase chlorine and various other corrective chemicals. In cooler climates, pool owners tend to close their outdoor pools for the winter so your business should also offer pool closing and opening services if your customers need it. In warmer climates pools stay open year-round which means a steady stream of customers even in the winter months. Homeowners are not your only target market; you will also sell to apartment managers, athletic facilities, parks and schools. Anyone who wants to install a pool or needs chemicals and supplies for their pool will need to come to your store. Particularly if you live in a warm climate, a pool store is one of the best business ideas you can start since pool owners simply cannot go it alone.

A Day in the Life of a Pool Store Business Owner:

Your day will begin by opening up your store. You will spend the day helping customers find what they need in the way of supplies, accessories and chemicals. You will consult with potential customers interested in buying a spa or installing a pool and you will check in on any pool installations that are ongoing. You will order parts from your distributors and check to see if any new items have become available.

About Your Customers:

Your customers will be pool owners and those looking to install a pool or purchase a spa.

What You Need to Start:

  • Business plan
  • Storefront
  • Pool installation services (can contract with third party)
  • Maintenance items (vacuums, replacement parts, skimmer baskets, etc.)
  • Accessories (floats, thermometers, toys, etc.)
  • Chemicals
  • Water testing equipment/personnel
  • Staff
  • Computer with finance software

The Good:

  • The pool business is casual, fun and exciting.
  • It’s rewarding to help people get the sparkling pools they desire.
  • In warmer climates, pool services are necessary year-round.
  • You can sell items like spas and pool furniture to boost profits.
  • Selling pool installations is big business and can earn your company big profits.

The Bad:

  • The start-up investment is high.
  • It could take some time to turn a profit.

Resources:

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How to Become a Personal Chef & Start Your Own Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Become a Personal Chef Business Overview:

Learning how to become a personal chef is a great way to put your skills to use while helping your clients to maintain a healthy lifestyle. If you are a trained chef, your options are plentiful when you graduate from culinary school. You could go to work as a chef in a restaurant, open your own restaurant or, if you prefer a smaller kitchen and a closer relationship with your clients, you could become a personal chef. Starting a personal chef business does not require a lot of start-up capital and you can do it part-time. A personal chef typically prepares meals for clients in their home kitchens then stores the meals in containers so the clients can heat and eat them at a later date. Personal chefs may visit their clients once a week and prepare a week’s worth of meals or they may be asked to visit everyday and prepare fresh meals. How much you charge will be determined by the level of service you provide your clients. You could choose to only offer weekly visits or be available as much as your clients are willing to pay for you to visit their homes. As a personal chef, you also may be asked to cater parties and events for your clients. When you begin to research how to start a personal chef business, you may find that selecting a niche will set your business apart from others in your area. Specializing in vegetarian, vegan or organic meals will give your clients an option they may not have with other personal chef businesses. Other areas to concentrate on include gluten-free meals, special diets for diabetics or those with certain food allergies. You’ll find that this is one of the most rewarding business ideas available to a trained chef looking to help others maintain a healthy lifestyle.

A Day in the Life of a Personal Chef Business Owner:

Your day will begin with a check of your appointments. You will stop by the grocery store on the way to your client’s house and prepare meals for them. You may have other chefs working for you in which case you will review their appointments and ensure they arrive on time and prepare the appropriate recipes. You will spend some time marketing your business by posting flyers in area grocery stores, health food stores, weight-loss centers, fitness centers, etc.

About Your Customers:

Your customers will be individuals or families who need the help of a personal chef to help them maintain a healthy lifestyle. Or they may not have time to prepare appropriate meals for themselves and their families.

What You Need to Start:

  • Personal chef business plan
  • Chef training
  • Marketing materials
  • Staff (optional)
  • Transportation
  • Computer with finance software

The Good:

  • It’s rewarding to use your skills to help others become healthier.
  • Start-up costs are low.
  • Franchises are available to help you get started.
  • You can easily run this business part-time.
  • You can charge top dollar for delicious food that meets your clients’ dietary requirements.
  • Your clients will likely need your services on a regular basis, which brings in a regular income.

The Bad:

  • It can take some time to build up your client base.
  • Some clients may be difficult to work with.

Resources:

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Starting a Laundry Service Business That Will Thrive

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting a Laundry Service Business Overview:

If you are a customer service pro who’s interested in providing a luxury service that customers will pay top dollar for, consider starting a laundry service. In the days before washing machines were in every home, laundry services were not only popular, they were essential for housewives who could not travel to the local laundromat to do the family’s wash. These days, even with washing machines in our homes or in the apartment building basement, plenty of people will pay a service to handle all their laundry needs. This includes picking up the dirty laundry, washing, drying, folding and delivering clean laundry to customers. A service that does this with efficiency and care can be one of the best service business ideas out there. Your business can operate as a single vehicle business similar to a personal concierge business in which you, the business owner, handle all aspects of the service from pickup to delivery, or you can hire a team of people to do the work for you. Depending on the number of clients you have, you may be able to handle the work at home with your standard washing machine and drier. However, if you want a large scale business, you’ll want your staff to take your clients’ items to a laundromat. If you offer services for dry clean only items, you can simply drop them off at your local dry cleaner. Consider forming a partnership with a dry cleaning business to get faster service and better rates in exchange for bringing all your dry cleaning business to them. Since this is a luxury service, your clients will likely be busy business people so you’ll want to advertise in trade magazines and online. Also put advertising on your vehicle as well as your staff’s vehicles since they will be driving around town daily. Chances are once you get a few clients, word will spread and you will have to increase the size of your laundry service fleet to handle the demand.

A Day in the Life of a Laundry Service Business Owner:

Your day will begin with a check of your appointments for the day. You or your staff will pick up laundry from customers at the appropriate times and places then get busy washing, drying, folding and bundling them for delivery. You will take calls throughout the day from current and new customers, discuss your services and set up appointment times.

About Your Customers:

Your customers will be individuals looking for a high quality laundry services to take care of all their laundry needs.

What You Need to Start:

  • Laundry service business plan
  • Marketing plan and materials
  • Excellent customer service and organization skills
  • Vehicle(s)
  • Staff (optional)
  • Website (optional)
  • Computer with finance software

The Good:

  • The start-up costs for this business are minimal.
  • You can easily run this business part-time.
  • You can start this business out of your home with your own washing machine.
  • This business is easily scalable to include laundromat services and the addition of a staff.
  • This is a luxury service that customers will pay top dollar for.

The Bad:

  • You must be highly organized to keep everyone’s laundry separated.
  • It may take time to build your client list.

Resources:

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Running a Personalized Stationery Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Running Personalized Stationery Business Business Overview:

If you have a good eye for design and are looking for a unique business venture, you should consider running a personalized stationery business. These days there are plenty of online companies that print and ship personalized stationery, invitations and thank-you cards, but there is plenty of room for another truly unique business idea. To do this, consider offering higher quality products and craftsmanship as well as topnotch customer service. If you’re not already familiar with paper products and printing techniques, you’ll need to do some research and perhaps take a class so you can get some practice before opening your own business. Experiment with different paper textures like linen, cotton, vellum, leaf paper or recycled paper. Look into purchasing equipment that creates embossed or engraved stationery. If you want to create beautiful and unique wedding invitations, you could use foil stamping to weave in metallic designs. Calligraphy is another option that adds a high-class touch to personalized stationery and invitations. As you can see, this business will be very hands-on since you will be essentially handcrafting each item; however, you can easily operate this business part-time and ramp it up as you are ready. You can also operate this business from your home and sell your products at local stationery shops. Also consider creating a website on which to display and sell your products. The more variety in products that you offer, the more markets of consumers you will attract. Or you could go the opposite direction and specialize in one particular niche like wedding invitations, for example. Become an expert on creating elaborate, gorgeous wedding stationery and yours will be the go-to business for brides everywhere. Another trend that could turn into a profitable niche is using recycled materials to make your products. Attracting the green market is a good way to be considerate of the environment while making your business eligible for government tax incentives. Another valuable service you can offer is envelope stuffing. Customers will gladly pay someone to address and stuff all the envelopes for a wedding or party. There are many options to consider when starting a personalized stationery business but with the right equipment, skill and customer service, your business can be very successful.

A Day in the Life of a Personalized Stationery Business Owner:

Since you will be working from home, you can set your own hours and your day will begin when it fits your schedule. You will check email, voicemail and website orders and contact potential customers to clarify their needs. You will continue to work on any ongoing projects and start work on new projects. If you sell your products at local shops, you will contact them via phone or in person every few days to check on your inventory, collect your sales and restock items. You will need to spend some time marketing your business in local phonebooks and magazines as well as online.

About Your Customers:

Your customers will be individuals looking for beautiful, unique and handcrafted stationery products.

What You Need to Start:

  • Artistic skill
  • Printing equipment
  • Paper
  • Other materials (foil, thread, etc.)
  • Computer with design and finance software

The Good:

  • There will always be a demand for unique stationery items.
  • For an artist, this is a wonderful way to experiment with new materials and techniques.
  • You can sell your items locally or online or both.
  • You can easily run this business part-time and from home.
  • The start-up investment required is minimal.

The Bad:

  • This is a competitive industry and you will need to work hard to set yourself apart.
  • It can take some time to build up your client base.

Resources:

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Look to the Stars: Start an Astrological Charts Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Start an Astrological Charts Business Business Overview:

If you’re looking for a way to turn your horoscope hobby into a lucrative business, success could be in your future if you start an astrological charts business. Astrological charts, also known as horoscopes, are interpretations made by astrologers based on the positions of various cosmic bodies at the time of someone’s birth. Although there is no scientific evidence supporting the validity of these charts and their predictions, many people cannot leave the house without a quick peek at their horoscope for that day. If you are an astrology buff, this could be the perfect business idea for you especially since you can operate it part-time and from your own home. All you need is a website advertising your services, pricing and contact information. You can then arrange to take phone appointments or even offer emailed astrological charts. Pricing would vary depending on the level of service the customer wants and how personalized they want their chart to be. It would be great to offer your services in any nearby new age stores, and building a relationship with the owners of such shops will increase your business. Whether you decide to offer your services located or operate your business online (or both), you must be skilled at reading charts and interpreting the position of the sun, moon and planets. Customers will take your advice very seriously so if you’re not qualified to offer “expert” interpretations, you should hire experienced astrologists to work for you. If your business is online, your staff can work and take calls from their homes. This option requires very little start-up capital which makes it one of the smartest online business ideas out there if you’re looking to get into the world of astrology.

A Day in the Life of an Astrological Charts Business Owner:

If you operate your business from a storefront and you are doing the readings, you will need to check your calendar to be sure you’re at the right store at the right time. You may also offer set walk-in hours at local shops. You will gather the customer’s information and interpret their astrological chart. If you operate your business online, your schedule will be much more flexible. You can set your appointments at any time of day (or night) and work as much or as little as you like. When not advising clients over the phone (or email), you will spend time marketing your business online.

About Your Customers:

Your customers will be individuals interested in skilled interpretation of their astrological charts.

What You Need to Start:

  • Astrology experience or a staff of skilled astrologers
  • A website
  • Relationships with local new age store owners (optional)
  • Astrology themed merchandise (optional)
  • Computer with finance software

The Good:

  • You don’t have to have any official training to become an astrologer but you do need to know what you’re talking about to be taken seriously by your clients.
  • You can operate this business either from a storefront or from home.
  • The start-up investment required for an online business is minimal.
  • You can hire skilled astrologers to work for you leaving you free to market your business.

The Bad:

  • It will take dedication and perseverance to build relationships with local new age storeowners for them to welcome your services into their stores.
  • It can take some time to build up your client base.

Resources:

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How to Open a Cigar Shop – Online or Off

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Open a Cigar Shop Business Overview:

If you’re looking for a unique business that can operate in a physical store or exclusively online, you should learn how to open a cigar shop. Cigars are increasing in popularity with both men and women in all age groups and are more widely accepted among the non-smoking population. Cigars are rolled fermented tobacco leaves that you light like a cigarette but there are no harmful additives. Opening a cigar shop in a storefront can be quite lucrative if your location is a good one. Looking for a location far away from any other cigar and tobacco shops may not be the best idea. If there is not a cigar store in a 25 mile radius of a particular area, there’s probably a reason. Instead, consider opening your shop in the same general area of a competitor. That way, you may be able to attract some of the traffic away from other stores. Find out what types of cigars other stores in your area offer and go a different direction. Select a niche like cigars from Central America and offer a greater variety of those items. Consider dedicating an area of your shop as a lounge for customers to smoke the cigars they’ve just purchased. Install TVs and make video games and magazines available to your customers. The more relaxed your customers are, the more likely they are to purchase more cigars and to come back for the experience. You may decide, however, when looking into how to open a cigar store, that opening a virtual store online may be a better option. Other than proper storage for your stock of cigars (a large humidor or a temperature and humidity controlled room), you will just need a slick website and knowledge of cigar laws and taxes. Your state’s department of revenue will have the latest taxation schedule that will include information about how cigars are taxed. You will also need to have a way to verify each customer’s age on your website since it is illegal (in some countries) to sell cigars to persons under 18. You should include in each shipment instructions for proper care of cigars to ensure they stay fresh and don’t dry out. Other options for opening a cigar shop are to operate a kiosk on the street or in a mall or you could have numerous cigar vending machines. Regardless of whether you choose to operate your cigar shop in a storefront, online or with a kiosk, it’s important to also offer cigar accessories like cigar cutters, humidors, lighters, cases, etc. Selling cigars can be one of the most profitable business ideas out there if you choose your location carefully, advertise your website correctly and offer the best cigars and customer service.

A Day in the Life of a Cigar Shop Owner:

If you run your business in a storefront, you will start your day by making sure your inventory is properly displayed before the shop. Throughout the day you will assist customers in finding just the right cigars for their needs. If you operate online only, your hours are more flexible but you will need to check orders often and ship out cigars in a timely manner. It’s important that you continuously update your website with new items and keep in constant contact with your suppliers to ensure you have the right amount of stock and your customers won’t have to wait for their shipments to arrive.

About Your Customers:

Your customers will be individuals looking for high quality cigars that come with excellent customer service.

What You Need to Start:

  • Business plan
  • Stock of cigars
  • Storefront or website (or kiosk or vending machine)
  • Humidor(s) or temperature/humidity controlled storage facility
  • Knowledge of cigars
  • Computer with finance software

The Good:

  • Cigars are increasing in popularity among a wider age, gender and socioeconomic population.
  • You can mark up the prices of your cigars and make a good profit while keeping prices competitive.
  • If you operate this business online, you can make your own hours and work from home.
  • If you operate this business in a storefront, you get to spend your days with fellow cigar aficionados in a fun environment.
  • Your customers will come back again and again for more high quality cigars.
  • As an industry insider, you have access to the best and newest items on the market.

The Bad:

  • If you open a physical store, start-up costs can be steep.
  • It can take some time to build up your customer base.

Resources:

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Opening a Lingerie Store

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Opening a Lingerie Store Business Overview:

Opening a lingerie store is a fun and exciting way to be your own boss while helping to boost the self-confidence of women. The lingerie industry is worth over $29 billion (USD) annually. Even with plenty of competition, if you position yourself correctly, you could earn a piece of that pie. As you learn about how to open a lingerie store, you’ll need to decide who your target market will be. Lingerie runs the gamut from conservative to risqué so the type of items you carry will have a great impact on who your customer base is. Women will buy on average two bras and five pairs of briefs a year for everyday wear. So focusing on just the “basics” will bring in a steady stream of ladies looking to buy replacement items or something new that they saw on TV. In addition to carrying standard items, you might also carry specialty items like maternity bras, larger sizes that are usually hard to find and mastectomy bras. If you’re interested in racier fashion, you can carry lacy items and nighties that are not designed for everyday wear. In either case, you have the option of purchasing a franchise to help get your business started. A franchise will come with some inventory, marketing assistance and name recognition. If you are not interested in opening and closing a physical store each day, you can easily run your store online. If you choose to go this route, you will need a robust website and a storage facility for your inventory. Considering the demand for high quality lingerie and the popularity of shopping via the Internet, opening a virtual lingerie store is one of the smartest business ideas available today. Typically, online shoppers know what sizes to order but you should include a size chart and customer service contact information on your site. If you operate a physical store, especially if you stock everyday-wear items, you should be familiar with how to measure women to see what size bra they should buy. Or you can hire a bra fitter to work in your store which would free up your time so you can concentrate on overall customer service and marketing your business. Spread the word about your lingerie boutique to area wedding shops, fashion stores and maternity shops. Online stores can advertise on websites that also target your customer base. Keep in mind, you don’t have to choose between a physical store or an online store; you can have both. This would take more work, and more staff, to maintain both the shop and the website in order to keep customer service standards high, but it will greatly increase your market share.

A Day in the Life of a Lingerie Store Owner:

If you operate a physical store, you will make sure your lingerie items are neatly displayed before opening for business. You will spend your day helping customers find the right items. At the end of the day you will record your receipts, make your bank deposit, and tidy up for the next day. If your business is online, your hours are not so rigid but you will need to check emails from customers and ensure all orders are shipped out in a timely manner.

About Your Customers:

Your customers will be women (or men shopping for women) looking for lingerie items for themselves or as gifts.

What You Need to Start:

  • Lingerie store business plan
  • Storefront or website (or both)
  • Lingerie to sell
  • Storage facility if selling online
  • Computer with finance software

The Good:

  • Lingerie is a must-have for almost all women so demand will always be there.
  • You can sell high quality items for top dollar.
  • It’s rewarding to help customers find just what they are looking for.
  • A lingerie store is a fun and exciting work environment.
  • As an industry insider, you will be the first to see new trends and fashions.

The Bad:

  • It can take some time to build up your client base.
  • You have to be mindful about how much of each size to keep in stock so you’re not left with a large amount of unsold items.

Resources:

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