Having your own business is the ultimate American dream. Many people love the idea of being their own boss, creating their own mission statement and having their own schedule that fits into their lifestyle. This article will discuss two 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 in many American malls. It will also touch on risk management for your business as well as vendor risk assessment when breaking into this new type 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 noticed how many of the children were wearing a lightweight swimsuit that looked a bit like a surf suit that covered most of their bodies.
This was good in the water and dried quickly as well as helped protect the younger children from the harsh Australian sun. She decided to make one of these surfer suits for her first child to protect him from the high altitude sun. She had always been good with a sewing machine so after a few attempts she had made the same type of suit she had seen in Australia. She started to receive questions from other mothers on where they could get the same type of suit for their kids.The former story is a great example of how many people find something in their life that is interesting and decide to try to make it themselves. This mom decided to first charge her friends to make the suits and the requests and response was so high that she started promoting this new idea to different craft shows. This then led to being a permanent vendor at a shop nearby that sells different artisans products. Before she knew it she had her own business as a vendor selling a product that she enjoyed making and believed in.
Another great option to have your own business is one where you rent a kiosk space in a mall to sell your own product. Some kiosks thrive year after year and others shut down after a matter of months. Picking the right thing to sell in that particular location is an imperative step in being successful. Make sure you study the demographic of that location over a few months before going into business. What types of people shop there and even take a survey there asking shoppers what they would like to see at that location is a great idea.
Once you decide on a great product it is time to set up shop 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 a very profitable living doing just that and quit their other jobs.
How to Be Your Own Boss in the Vendor Business