21 Low Cost Retail Business Ideas that Make Sure Success

You will be surprised to know, the most profitable and easy business is retail business.

                    So most people in the world are interested in doing this kind of business. If you are interested, then you need to know about Low Cost Retail Business Ideas. However, it doesn’t require very good management skills to run, just good customer relations and a bit of marketing.

What Type of Retail is most Profitable?

This is really a good question, because retail businesses have to make choices where the profit margins are high. You definitely need to understand which business is more profitable and bought.

*Daily Need Product: The percentage margin of products that are needed daily is not high, but since they are sold daily, the monthly profit is very high. Among them, groceries, vegetables, etc. can be considered as daily need products.

*Rear Need Product: Like wrist watch, sunglasses, eye frame or optical matter cell, these people buy very less. But the percentage of profit is very high.

*Kids & Children’s Shop: Products like chocolates, toys etc. are more profitable for kids and children.

Low Cost Retail Business Ideas

1. Flower shop

If you want to open a retail business with less investment, you can start a flower shop. This is a daily cash earning business. But before starting this, you need to know what kind of flowers people like, collect flowers accordingly and start selling them. It is low cost business with high profit so you can start it in any situation.

2. Furniture Shop Business

No special skills are required to start a furniture retail business. But before you start collecting furniture, you need to know which ones are of good quality and whether you can buy them at low prices, if you are interested in the list of retail businesses, then I will tell you Furniture Business Best for a Beginner.

3. Grocery Store

The easiest business to start is grocery store, even if you have no experience or skill you can start it. It can be started easily if it is a small store. Because the investment is also very less in that case. It is good retail shop ideas in small space. Because you can open a store with a small number of products and gradually increase the number of products and the quality variety.

4. Hardware Retail Shop

Do you want to know about the most profitable retail business to start, then know that hardware is a good profitable retail business? It can be started without any experience. Hardware products serve various purposes, from your home-made support equipment to company needs, everything is available here. You can earn good profit from this business.

5. IT Hardware Shop

Computer and computer and electronics printer related products are available in IT hardware shop. The products here are mostly products of big companies and all with sealed and printed prices. But even in this the amount of profit is very high. So customers are not as many as other shops but there is no problem. And if you have experience about hardware then it is cool store idea because people will often ask you about IT hardware equipment. If you can help them with the right information, you can get repeat customers and lots of new customers.

6. Pet Store

Pet store idea is a very good retail start up concept which can be started with low difficulty. So open a pet store if you have experience with pet. I want to give you a suggestion, as a business consultant you may have questions in your mind which shop is best for business? I would say clear it and start pet store which you like or love and sure earn money from here.

7. Mobile Retail Store

For implement mobile retail shop ideas in small space you don’t need to think much. No special skills are required for this. Mobile prices are printed by already company. So in terms of pricing. Your role is much less. However, you can give some discount to the buyer from your profit percentage, which increases the probability of repeat sales.

8. Candy Store

You can open a retail candy store. This is really a very low hassle start up that retails. It can be started only if there is a very small shop or space. In general, this shop is the best for most profitable retail store if it is located near a school or a park.

9. Health Food Store

You can start a health food retail store This is a very low cost retail shop; without any experience or skill you can start it. It is also in the top proper in the list of retail business.

10. Dollar Stores

You can open a dollar store very easily. If you have previous experience of being involved in this type of work, then you will be able to run the business better and earn more.

11. Coffee Retail Shop

You can start a cool retail store idea if you can keep all kinds of coffee quality, high medium and low. This is also a good profitable business idea.

12. Ice cream

If you can make good ice cream, it is easy to get more customers. I have seen good tasting ice cream shops always have customers waiting to eat their favorite ice cream

13. Organic Food Store

Organic food item is currently very popular among health conscious consumers. So the decision to open an organic food store will be profitable for you. Start today by renting or buying a small shop. You can earn sure money from here.

14. Garments Store

If you are aware of fashion, then be aware of the style of the new generation. If you have experience in quality of garments, then you can establish retail shop ideas in small space. This is a very old business. But according to the current market you have to think and think about the store decoration accordingly.

15. Sports Retail Store

Some people love to play themselves and prefer to be associated with sports related. Sports retail shop is a great business for them. It is a low cost start up but high profit margin, so even if the sales are not high, the profit is high. So start your profitable business of choice today.

16. Kids Store

At present, the trend of selling kids garments and other items needed by kids is decreasing with adult persons. Everyone wants to buy something special for their child or baby. The design will be unique and the color will be unique which will make the child look beautiful. Keeping all this in mind you have to make the collection and decorate the kids shop. This is one of the best ideas among low hassle small retail start-ups.

17. Cosmetic Store

You can open a low cost retail cosmetic store. Before starting this visit some cosmetic stores so that you can understand the number of customers in these shops. It does not require any special skills and can be started easily.

18. Perfume Store

Low cost starts up ideas to start a perfume retail shop. Perfume shop is a very old business so its customers will always be there. But you need to refresh the decoration to attract the new generation. So that the light of the shop is good which attracts the customer.

19. Cake Retail Shop

There is no need to think much before starting a cake shop. Generally, this shop sells very well only enough stock and variety of cakes should be kept in the shop. If you want most profitable retail business to start you can choose it.

20. Event Planning Material Shop

Event planning material sale shop is a people cost good start up concept. It does not require much study or skill. You can start with a small investment and earn money from here.

21.Medical Store

Medical Store Profit is very high. It is also possible to earn a lot by running a retail shop. But starting a medical shop requires some government registration and paper maintenance.