Are you thinking about opening a party supply store? If you’re in an area where there isn’t already too much competition and you’ll be able to turn a profit while offering prices similar to what customers can find online, you might find that this type of business is an excellent opportunity. Of course, you’ll need to develop a solid business plan in order to determine whether it’s viable or not.
Start by identifying your target customers, making sure to determine the types of parties you’d like to cater to. With this type of business, the more diverse, the better. There’s always a market for wedding decorations, as well as seasonal special event decor, children’s birthday party supplies, items appropriate for school parties and more. Once you decide what segments you will target, you’ll be able to move on to conducting a competitive analysis, determining fixed and variable costs, identifying marketing strategies and more.
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August 17th, 2012 at 12:14 am
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August 17th, 2012 at 12:14 am
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