A Guide to Business

eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
Business & Money
Technology
Women
Health
Education
Family
Travel
Cars
Entertainment
SD Editorials
Online Guide and article directory site.
Foodeditorials.com
Over 15,000 recipes & editorials on food.
Lyricadvisor.com
Get 100,000 Lyric & Albums.
  • Business & Money
    • A Guide to Business
    • Guide to Finance
    • Ideas for Marketing
    • Legal Guide
    • Guide to Insurance
    • Lettre De Motivation
    • Guide to the Stock Market
    • Human Resource Career
    • Sales Marketing
    • Forex & Trading
    • Advertising & Marketing
    • Startup Guide
  • Technology
    • Guide to Technology
    • Cell Phones
    • Computer Software
    • IT Hardwares
    • Internet
    • Online Security
    • Cameras
    • Search Engine Optimization
    • Science & Technology
  • Women
    • Guide to Women
    • Relationship Advice
    • Marriage
    • Jewelry
    • Pregnancy
    • Fashion Style
    • Divorce Guide
    • Wedding Guide
    • Dating Guide
    • Natural Beauty
  • Health
    • Guide to Health
    • Guide to Medical
    • Plastic Surgery
    • Weight Loss
    • Sports
    • Body Wellness
    • Cancer Treatment
    • Common Illness
    • Health & Lifestyle
  • Education
    • Military Service
    • Politics and Policy
    • Arts & Humanities
    • Education and Teaching
    • Learn Languages
    • Colleges & Universities
  • Family
    • Quality Home Improvement
    • Hobbies and Interests
    • Family Guide to
    • Pet Guide
    • Loans Guide
    • Credit Cards
    • Gardening Guide
    • Home Security
    • Real Estate
    • Home Decor
    • Gift & Present
  • Travel
    • The Travel Guide
    • Adventure Travel
    • Cruise Ships
    • Beach Holiday
    • Travel Accommodation
    • Holiday Destinations
  • Cars
    • Information on Cars
    • Traffic Violations
    • Auto Insurance
    • Trailers
    • Sport Cars
    • The Bikes
  • Entertainment
    • Entertainment Guide
    • World Music
    • Photo & Video
    • Television & Games

Start Your Own Retail Business

    View: 
If you are looking for a rewarding retail business, consider sunglasses. Retail sunglasses business is booming. People love to sport sunglasses from leading brands at all occasions whether they are at a fair, festival or at the beach. A retail sunglasses business can help you earn a pretty handsome income with some well planned operation and these tips.



Why should you start your own sunglass business?

The main advantage of having your own sunglasses business is that you are your own boss. You can decide when and where you would like to work. The profits can be very rewarding and selling can be very exciting.

How difficult is it to sell sunglasses?

Sunglasses sell very well. The nice thing about sunglasses is that they are a necessity item and people are always breaking them or losing them.

We have found that selling replica sunglasses with the compare to "brand name" sticker on the front of the box really gets you very good sales. People can relate these with the brand that is being compared with.

Not everyone can afford to pay $100 and up for a pair of original branded sunglasses. Therefore, the replica sunglasses sell pretty fast, being much more affordable.

What would the start up cost be?

The start up cost really depends on how many sunglass styles you want to carry. For example if you carry 100+ styles, the prices would run at $16 per dozen.

On the other hand, I have flea market vendors that start with only 5 dozen at $100. However it has been my experience that the more styles you carry, the better you will do.

What is the profit potential?

The profit margin in the sunglasses business is very high. Just to give you an idea, you may be paying $1.33 per pair and selling for $8 each.

On a busy day at a fair or festival, it is not unusual to bring in $2,000.00 per day, which can give you $1667.50 margin.

I have had people tell me that they sell the sunglasses from a low price of $5 per pair to a high of $15 per pair so your profit really depends on your market. I always suggest starting out with a higher price. You can always offer a discount if needed.

What locations are preferable?

I have been in the retail sunglasses business myself. The locations that I have personally done would be mall kiosks, fairs, festivals, flea markets, boat shows, gun shows, street corners and car shows. I have done well at all of these locations.

Some of my customers have done well at sporting events, such as softball & baseball games and soccer games. As you can see, sunglasses can be sold just about anywhere.

How difficult is it to find good wholesale sunglass suppliers?

There are several good wholesale sunglass suppliers out there. The thing that I would look at is how fast can they ship my order? Also how is their customer service? Are they knowledgeable about the product; do they know which styles sell well and do they have the new and popular styles in stock.

Also do they have a telephone number where you can reach a live person? This is very important especially when you are doing an event and you need the merchandise quickly.

As you have seen, it is really easy to go out there and start a flourishing retail business selling sunglasses.
Start Your Own Retail Business


Wrong location

In retailing, location is paramount. The world will not beat a path to your door simple because you have the 'right' product or service at the 'right' price.

Do not be tempted, as many other small business people have been, to take premises because the rent or purchase price is low or because you like the area. Your location should be chosen carefully in relation to access to your markets.

Don't commit the cardinal sin of assuming that just because you think the retailing idea you have thought up is a good one that everyone else will think the same and rush to become your customer! Many new hopes fail simple because the market is just not big enough to provide the necessary custom.

The market you intend to serve might be contracting rapidly, be too competitive, or, for all intents and purposes, non existent. Opening a shop without researching the market is similar to taking a job without asking how much you will be paid.

Little or no knowledge of their customers' buying motives

Many shops appear to have little idea of the type of customers they are serving. The result is the business cannot have any sales promotion / marketing strategy and may actually be unsure of what type of business it is in.

For instance a business selling clothes on price, when its market holds quality and reliability as its main considerations, will not maximize sales from that market. To keep the importance of this point in the forefront of your mind define your business in terms of its customers.

No systems or policy for selecting, training and managing staff

Few who enter small business for the first time have had experience of selecting, employing and managing staff, therefore, it is hardly surprising to find that many small businesses make costly mistakes in this area.

One dishonest or poorly trained employee can cost you all of your profits. Remember that, in generating and keeping custom, your most valuable asset will be well-trained sales staff.

Failure to keep records

Ask any small business person questions such as, 'How do this month's sales figure compare to last month's?' or, 'How much profit did you make this month?' and the likelihood is that the majority would not be able to give you an accurate answer.

The reason for this is that the have either not kept up to date with their records or don't have a proper and useful administration system. A shop founded and operated on this basis has little chance of success.

Without basic accounting information, your business could be nearing failure without you recognizing the problems until it is too late. In particular, retail businesses are prone to failure through theft of stock eroding profits.

A good stock control system is needed not just to closely monitor and control stock loss, but to give accurate sales information to enable you to buy in the right goods at the right time.

More Articles from
Start Online Business Pg8
Top 8 Reasons You Must Start Your Own Internet Business
Start Your Own Podcast Now
Before You Start Your Home Business
How To Start Your Own Profitable Blog
Start Your Home Based Business Venture Right
You Can Start Your Home Business Without Going Into Debt!
Use Ebooks And Ebay And Start Your Own Viral Epidemic
Google Adsense - The Quickest And Easiest Way To Start Your Online Business
5 Killer Reasons, Why You Should Start Your Internet Business Slowly
How to Start Your First Freelance Business
Start Your Own Sword Collection
Lucrative Internet Business 7 Tips to Jumpstart Your Internet Business
Ladies . . . Start Your Engines!
Starting A Home Business? Stop Procrastinating And Start Your Own Home Business
Gentlemen Start Your Engines!
How To Start Your Own Profitable Home Business
Are You Suitable to Start Your Online Home Business
4 Key Ingredients You Need To Start Your Very Own Successful Home Business
Jumpstart Your Real Estate Referrals
5 Easy Steps To Start Your Internet Business
» More on
Start Online Business
  • Related Articles
  • Author
  • Most Popular
•How To Start Your Own Computer Business, by Ralf24hourwebcash
•How To Start Your Own Internet Business, by Jeff Schuman
•How To Start Your Own Online Business, by Jeff Schuman
•How To Start Your Own Small Business, by Edward Curtis
•Start Your Own Catering Business, by Jessica Thomson
About Author
Both Kirk Bachelder & Joe Lee are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Kirk Bachelder has sinced written about articles on various topics from Goji, Customer Service and Eyewear. . Kirk Bachelder's top article generates over 3600 views. to your Favourites.

Joe Lee has sinced written about articles on various topics from Home Businesses, Small Business and Start Online Business. Joe is an enlightened entrepreneur starting his business in an out-of-the-box way. With his experience , he compiled a report, "49 Compelling Headlines to increase your profit by 433%".If you are frustrated with your advertisement response rate, you may w. Joe Lee's top article generates over 8100 views. to your Favourites.
American Home Equity Loan
You can use it for business, education, health, wedding or debt consolidation which makes them most widely used method of financing
 
A Guide to Business | Guide to Technology | Guide to Women | Guide to Health | Family Guide to | Travel & Vacations | Information on Cars

EditorialToday A Guide to Business has 8 sub sections. Such as Small Business, Online Business, Franchise Business Opportunities, How to Make Money , Home Business, Management, Office Supplies and Grants. With over 20,000 authors and writers, we are a well known online resource and editorial services site in United Kingdom, Canada & America . Here, we cover all the major topics from self help guide to A Guide to Business, Guide to Finance, Ideas for Marketing, Legal Guide, Lettre De Motivation, Guide to Insurance, Guide to Health, Guide to Medical, Military Service, Guide to Women, Pet Guide, Politics and Policy , Guide to Technology, The Travel Guide, Information on Cars, Entertainment Guide, Family Guide to, Hobbies and Interests, Quality Home Improvement, Arts & Humanities and many more.
About Editorial Today | Contact Us | Terms of Use | Submit an Article | Our Authors