Dollar Store

Startup Costs: $10,000 - $50,000
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No

Dollar or discount stores are popping up everywhere across North America, and that can only mean one of two things: Competition is too heavy and there will soon be a thinning process, or dollar storeowners are making money and expanding into new geographic areas of the country to capitalize on consumer demand. Given the popularity of dollar stores, and the fact that these stores require careful planning and a large startup investment, it's most likely that the second option will ring true. Competition is stiff, but there seems to be unlimited consumer demand for bargains and discount retail stores. The main objective in the discount retailing industry is two-fold. The first is to source and establish alliances with manufacturers of low-cost products, and the second is that the products have to be of reasonable quality and have a useful purpose. The best products to sell via discount stores fit the following profile: * Inexpensive, retailing for less than $5 * Kitchen products, toys, and household products * Less-expensive versions of popular name-brand product

The Market

Your customers are anyone looking for a bargain

Dollar Store Ideas

Maternity Clothing

Moms-to-be don't want to give up looking good. Cash in on this strong demographic.

Leather Fashions

Rope in customers by offering leather clothes and accessories with large profit potential.

Wholesaler

Be the middle person between a manufacturer and the retailer. With any product or service included, this is a business that will always be needed.

More from Business Ideas

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

How to Crack the US Market — Startup Growth Secrets for 2024

A startup's expansion into a new market is exciting, but it also entails risks.

Business Process

If You Don't Learn How to Pivot Your Business, You'll Watch It Perish — Here's What a Successful Pivot Looks Like.

Changing your business strategy to meet shifting market demands isn't bad. When done carefully, it can transform your company into something extraordinary.