Title: How to Open a 99 Cent Store | Small Business - Chron.com
Headings: How to Open a 99 Cent Store
How to Open a 99 Cent Store
99 Cent Store Business Plan
Independent or Franchise
Financing for Your Store
Setting Yourself Up for Success
Tracking Your Inventory
Stocking Up Your Store

Content: How to Open a 99 Cent Store | Small Business - Chron.com
How to Open a 99 Cent Store
Small Business
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Setting Up a New Business
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Open a Store
By Michael Flanagan Updated March 04, 2019
Entrepreneurs who want to go into the retail market might consider opening a 99 cent store because it is a proven business model when it is merchandised properly. Make sure to stock your store with good-quality merchandise. This includes unique impulse items as well as common household supplies. To open a dollar or 99 cent store, a business owner has to perform preparatory steps to succeed, including writing a business plan, deciding on the business model, attaining financing and stocking it. 99 Cent Store Business Plan
Your business plan helps you solidify your ideas. It should include thorough market research. For example, it will show that big grocery stores dominate the market for perishable goods but that dollar stores dominate the niche markets for everything else including grooming products, snacks and party supplies. You need to take this information and set measurable objectives such as determining your margins. Independent or Franchise
If you plan on opening a bargain retail business on your own, you should already have experience in this industry. While not opening as a franchise can offer you benefits such as lower initial investments, no royalties and being your own boss, you may experience difficulties if you don’t have industry experience.