subject: Tips to Cut Dollar Store Start up Cost [print this page] Tips to Cut Dollar Store Start up Cost Tips to Cut Dollar Store Start up Cost
The very nature of dollar stores is they are meant to save people money. The business owner of a dollar store realizes there are a lot of costs just for the privilege of selling people dollar priced merchandise. Like any business, a dollar store start up is going to take some money to make happen. In addition to that, there is going to be money required to get the business off the ground, and grow the business in the future. A smart business owner is going to put aside some money just in case there are unexpected emergencies and other costs that new business will have to incur.
Even with all of this, there are some ways to reduce the price tag of some of the dollar store start up costs. Read on for 3 great money saving ideas.
#1) Instead of paying a professional hundreds of even thousands of dollars to help you get off the ground, why not save the money for yourself? How would you manage to make this happen? Ask your family and friends, or others you know to donate a little time helping around the store with things such as painting, or stocking shelves, or putting up store fixtures. A new business owner undertaking a dollar store start up can save themselves big money by doing things this way.
#2) If you want to save yourself money on dollar store start up costs buy used store fixtures. Now that is not to say you should buy fixtures and displays that look shabby or uninviting and tacky. But if you can find great quality store fixtures at a reduced price because they have been previously used, why not go for it? As long as they are in good condition, no one will be the wiser. This works out really well for a retail business of today, because many retailers are closing their doors and selling their fixtures at a reduced price, just so they can add a little cash for themselves on the way out.
#3) Buy used equipment. Again do not buy anything that is not dependable. All equipment must be in good working order. If you can find used cash registers that are in great condition it only makes sense that you would save money to buy if they are needed. The same is true for anything else you need for your store; purchasing quality equipment at a reduced price makes sense. Other equipment you can purchase used for the store includes forklifts and pallet jacks. You can find these items at liquidation sales, close out sales, or just taking a drive around the neighborhood to find out who is selling used equipment.
Whenever possible try to hold off any actions that require money if you do not need to completed right away. Do not go out and buy a bunch of merchandise based on anticipated sales. Buy what you know will sell now. When you see for yourself it is selling then go ahead and buy more to restock the shelves.
