What business offers high profit margins with sales all year round? Mothers Day, Fathers Day, Easter, Valentines Day, Birthdays & Christmas are just some of the many occasions celebrated around the world and they all demand greeting cards and associated products.
Retailing greeting cards, small gifts, tags, ribbons, bows, key rings & fridge magnets all offer high profit margins. The minimum mark up is over a hundred percent but because the retail price is low, people do not mind paying a decent premium.
Most suppliers are happy to give thirty to sixty days credit whilst your customers pay cash! Cashflow is important in any business and this business offers great cashflow.
Location is key to the success of this business. Find a busy road where other retailers have set up shop and there is a high foot flow. It is not necessary to be in the town centre where rents and rates can be far too high. A busy market or main thorough fare is good enough.
The hours are good as mainly you will have to be open at 9:00am and finish by 5:30pm six days a week with Sundays off. I know of one retailer who starts a little later around 10:00am but then stays...
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