Are you starting a dollar store? Are you in sticker shock as you look at the dollar store costs associated with dollar store merchandise for the start-up? Are you beginning to wonder whether you will ever be able to even make a profit from your dollar store business? Relax; there are steps you can and should take to drive your start-up costs down. The trade you will be making is the time required for research. Also, potentially the time you actually open the door to your new store may be delayed by the timing of merchandise arrivals. Read on to discover three powerful tactics to cut merchandise costs for your start-up.
#1) Buy an existing store and move it to your location.
There are many cases where storeowners are looking to sell the assets of their existing dollar store business. Possibly the lease has expired and another tenant is coming. In other cases, they have made a mistake in their decision of locations and realized it would really take a special owner to make a go if it, or worse, no one would ever be willing to assume their lease. In these cases, you can purchase their inventory at discounted prices. Be very careful in negotiating. Don’t allow them to retain the best, most popular items, or to sell them to others. Be sure that the merchandise and the in-demand items you want to carry are in saleable condition when first starting a dollar store. After these are moved to your store, you will be well on your way to a full store of dollar-store merchandise and your dollar store costs will be much less, than from getting them wholesale.
#2) Buy your merchandise from discount and closeout companies.
These companies purchase closeouts, overstocks, package changes, shelf-pulls and other merchandise at deep discounts. They pass those savings on to your dollar store business, which is great! That reduces your dollar store costs for merchandise. Use caution though. Understand exactly the items you are to receive and the condition of that merchandise. The savings can be huge to those who carefully make the decision to purchase.
#3) Buy your dollar store merchandise from dollar store suppliers offering monthly specials and closeouts. Many general suppliers offer monthly discounts and discounts to liquidate the final cases of items prior to the next shipment arriving. Using this strategy can mean dollar store costs are lower. But, it will require a little extra time to locate the best deals, make the purchase and get the items to your store.
To your success when starting a dollar store business
derived from:http://openingadollarstore.com
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