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Having your own business is the great American dream. Many people love the idea of being their own boss, creating their own mission statement and creating their own schedule that compliments their lifestyle. This article will describe 2 smaller business opportunities that may be a good fit for you. One is being your own vendor selling whatever product you are passionate about and the other one is getting into the kiosk business that is seen in most American malls . It will also touch on risk management for your business in addition to vendor risk assessment when venturing into this alternative kind of business.
One example of a successful vendor is a woman that once lived in Australia but now lives in Colorado. When living Down Under she saw a lot of the kids were wearing a cool swimsuit that looked similar to a wetsuit that covered the majority of their skin . This was great in the ocean and dried quickly as well as helped protect the younger children from the strong Australian sun. She decided to make one of these surfer suits for her first child to protect his skin from the high altitude sun. She had always been a talented seamstress so after a few attempts she had made a similar kind of suit she had noticed in Australia. She started to receive inquiries from other mothers on how they could buy a suit for their kids .
The former story is a good example of how many people find something in their life that is interesting and decide to try to create it on their own . This mother began selling the suits to her friends to replicate her child's suits and the requests and response was so high that she started promoting this innovative product to various craft shows. This then led to being a permanent vendor at a local store that sells different artisans items . Before she knew it she had her own business as a vendor selling an item that she liked creating and believed in.
Another alternative way to having your own business is one where you rent a kiosk space in a mall to sell selected products . many kiosks thrive year after year and others do not after a couple of months. Picking the best product to sell in that particular location is an imperative step in being successful. be certain you research the demographic of that shopping mall over a few months before starting your business. What types of people shop there and even take a survey there asking shoppers what they want to see at that location is a great idea .
Once you select the right product it is time to set up your products in your kiosk location . One couple in the Chicago area started having a kiosk to sell hair accessories as a fun hobby. Once they started being successful they added more kiosks to their ownership and now make an extremely profitable living doing just that and quit their other jobs.
One example of a successful vendor is a woman that once lived in Australia but now lives in Colorado. When living Down Under she saw a lot of the kids were wearing a cool swimsuit that looked similar to a wetsuit that covered the majority of their skin . This was great in the ocean and dried quickly as well as helped protect the younger children from the strong Australian sun. She decided to make one of these surfer suits for her first child to protect his skin from the high altitude sun. She had always been a talented seamstress so after a few attempts she had made a similar kind of suit she had noticed in Australia. She started to receive inquiries from other mothers on how they could buy a suit for their kids .
The former story is a good example of how many people find something in their life that is interesting and decide to try to create it on their own . This mother began selling the suits to her friends to replicate her child's suits and the requests and response was so high that she started promoting this innovative product to various craft shows. This then led to being a permanent vendor at a local store that sells different artisans items . Before she knew it she had her own business as a vendor selling an item that she liked creating and believed in.
Another alternative way to having your own business is one where you rent a kiosk space in a mall to sell selected products . many kiosks thrive year after year and others do not after a couple of months. Picking the best product to sell in that particular location is an imperative step in being successful. be certain you research the demographic of that shopping mall over a few months before starting your business. What types of people shop there and even take a survey there asking shoppers what they want to see at that location is a great idea .
Once you select the right product it is time to set up your products in your kiosk location . One couple in the Chicago area started having a kiosk to sell hair accessories as a fun hobby. Once they started being successful they added more kiosks to their ownership and now make an extremely profitable living doing just that and quit their other jobs.
About the Author:
Chuck R. Stewart recently spent time researching risk management programs for a client who is in need of help. He recently signed his staff up to take a vendor risk assessment class in order to perfect their skills.
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