Revved-Up Retail Traditional storefronts aren't your only retail option. Here's a crash course in the fastest ways to start selling.
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Forget what you've heard about retail businesses requiring tens of thousands of dollars, long-term lease agreements and several months to get up and running. The truth is, there are plenty of retail opportunities that break all those rules, requiring little time or money to start. From online storefronts to mall-based kiosks to shop-at-home events, we found several retail businesses with plenty of profit potential.
The Latest Retail Phenomenon
When Randall Pinson took a full-time job as manager of a cell phone store during college, he expected to earn some extra money for school. He didn't expect to learn how to start an online retail business that would ultimately support him and his family.
Pinson, 29, had only vaguely heard of eBay in the spring of 2000, when his boss asked him to try to sell some phones on the website. So he followed the step-by-step instructions on eBay.com and listed a shipment of phones for sale. Less than an hour later, a woman in New York offered to buy 15 of the phones for $125 each, making Pinson's employer $100 in profit on each phone.
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