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Starting a small business with several sales channels maximizes your chance of success
In those tender first few years after
you start your small business every sale is significant. It's
unfortunate that many entrepreneurs attribute a small start
up budget with a single outlet for sales. In the past this may
have been true. Few entrepreneurs had enough capital to open
even a single store. Two or three stores in different neighborhoods
was well beyond most budding entrepreneurs. Today, there is
no end to the different sales avenues available to imaginative
start up retailers, despite limited budgets.
Channel One: Start a small retail
business with a mall kiosk
Don't let the high cost of starting a
bricks and mortar store keep you from making sales to live customers.
An attractive kiosk can be purchased for less than a decent
used car. Utility and Maintenance costs are also inexpensive.
Mobility is an added bonus. If one location fizzles out you
can always pick up and move.
Internet options may be less expensive
to start up but they also take much longer to be noticed. Depending
on your experience, they also take alot longer to build. A well
placed kiosk can be fully operational and generating income
the moment you wheel it in the door.
Channel Two: Start a small retail
business with an ecommerce site
Once you have your kiosk in place, you're
going to find yourself with a lot of free time between customers.
You could spend this time talking to your neighbors or reading
the newspaper. You could also boost your future sales potential
by starting an online store.
Ecommerce sites can be created quickly
but they do take time to fine tune. Once you've worked out all
the bugs it may still be a while before many customers start
to notice your small retail business. There's no reason you
can't handle an ecommerce site from a notebook at your kiosk.
If you merely started an ecommerce site,
you would have to wait months until your site was noticed or
pay for expensive advertisements. Instead of sitting in your
basement, frantically checking your server log, you could be
positioned at your kiosk with an opportunity to speak face to
face about your products, and hopefully sell some of them.
Not only can you continue making money
while you start your ecommerce site but you also get a chance
to promote it at practically no extra cost. Stamp your small
business website address on your kiosk, shopping bags and reciepts.
Be sure to mention the site to everyone that stops by your kiosk.
Even offer a chance to browse, or beta test, your ecommerce
site from your notebook.
Channel Three: Start a small
retail business selling products on E-bay
E-bay and Pay-Pal take a hefty chunk
out of your profit margin but E-bay still has some redeming
qualities. Almost any product you put onto their website will
be noticed. In addition, once you've completed several transactions
successfully your seller profile will indicate that you can
be trusted. It takes a long time to build up trust for your
ecommerce site. Like your kiosk, you can advertise your ecommerce
site at no charge.
Unlike your kiosk and online store, your
products can be sold on ebay with practically no startup cost.
Also, there are alot of savvy internet shopers that make online
transactions exclusively through auctions. By opening up this
third channel your potential customer base skyrockets!

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Commons Attribution 2.5 License.
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