These are the retail business options for anyone with little knowledge about business. These options are common but are well proved.
There are so many business options one can try their hands on, but these top 6 are the most common yet profitable business options in Bangladesh.
These are the retail business options for anyone with little knowledge about business. These options are common but are well proved.
Retail businesses have a small margin of profit in all the products, so does the business.
Following are the top 6 retail business options:
Grocery shop
A grocery shop is a good option if you want to start a retail business. The shop should be at a locality or in a local market for best profits. Huge variety and quick service would impress the customers, so make sure you are quick at your services. The best thing about a grocery shop is its delivery services. Hire a person who can deliver the items to their doors. This is a good retail business option, if you are looking to start something with high profits.
Toy Shop
A toy shop is a good retail business idea too, but it needs a perfect business plan. Most of the toys are imported from China and you can buy those toys in wholesale from Dhaka and Chittagong. To start a toy store, you need to understand your target, their requirements, and the latest trends and be updated with all the new products in the market. For a store like this, location should be the first thing. A good market or near a crowded society or in malls, you have to be eye catching to earn those profits.
Stationary Shop
A stationary shop is a very profitable business plan. It has huge variety of stuffs and can have printing and photocopy facilities too. The store should be located somewhere near college area or near schools or even education centers or in local markets. This will give a little extra push to the business, or if the store can have school or college books, this will be beneficial too. The investment will be low in this business plan.
Cosmetics shop
The cosmetics industry is already a huge industry, this industry is constantly growing. The cosmetics industry is mostly targeted to females and by now most of the girls are into cosmetic products. There are so many products now, different brands and this has brought a huge change in the society. You can earn a handsome amount of money, if in this business. It is important to understand the requirements and the market as well as keep the business updated. You can easily earn 20%-30% profits with a good business plan. You can consider this retail business as one of the business plans.
Electronics Products dealer
For getting into this business plan, you have to take dealership from the specific brand first. This will allow you to sell the brand products. It is one of the most profitable business, but for this you will need high investments. Location would obviously matter in this business as well but new and different products and also publicity would work too. It also has huge options of products from different brands which is a plus point in this business option.
Garment Store
Bangladesh is the biggest supplier of garments in the world. There are so many garment businesses in the country and it is a profitable retail business idea too. One can start a business of garments or even start a clothes store for children. Or one can start supplying raw materials. This is a common retail business but it is equally fruitful.
These are the 6 retail business options which anyone can start. The business options are common but productive. If you want to stat any kind of retail business, you can definitely start with any of the above mentioned retail business.
