There are so many vitamins on the market to set up a lucrative vitamin shop.
People take supplemental vitamins for a variety of health purposes such as avoidance of vitamin deficiency, protecting the body and preventing diseases, boosting cellular energy, and improving heart function. Vitamins are used to ensure that the proper amount of nutrients are consumed on a daily basis. Scientific studies support numerous benefits of vitamins on certain health conditions. With more and more people taking preventative care and wanting a healthy lifestyle, opening a vitamin store can be profitable.
Instructions
1. Conduct research. Decide whether you will make your own vitamins or buy them from a distributor. Explore franchising opportunities. Decide if you will sell online or in a store. Learn about different vitamin benefits. Research how each vitamin may help with certain health conditions. Write a business plan which should include an official business statement, marketing strategies, estimated start up costs and general information. Contact the Small Business Administration about new business funding and general business advice.
2. Establish your business by getting a state approved license. Search for a location in high traffic area for a physical vitamin shop. Contact local, state and federal authorities about requirements for opening a vitamin store. Check with zoning to make sure your prospective store complies with local ordinances. Ask the health department if a permit is needed for selling vitamins. Select and register your company name. Register your business as a sole proprietorship or corporation.
3. Choose a vitamin distributor or decide make your own. Ask suppliers about product quality, bulk pricing, customer service, delivery time and business references. Obtain store equipment such as shelves, shopping baskets and registers.
4. Market your business. Consider making brochures to market your products. Advise acquaintances, friends and family of your new vitamin store. Run advertisements in the local newspapers, coupon books and other publications. Design an online website. List your products, prices and business information.
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