How to open your yarn store

Knitting is one of the most common hobbies of the female half of the population of our country. Accordingly, materials are required for any hobby. For knitting, this is yarn, knitting needles, hooks and other accessories.

You will need

• -Legislation;

• -Documents for registration;

• -Money;

• -Room.

Instruction manual

1

First of all, study all the laws that apply to your field of activity. This is the Tax Code, the Code of Administrative Offenses, the Law on the Protection of Consumer Rights, etc. For a successful start of business you need a business plan. You can write it yourself or purchase it from a specialized company. The first section usually indicates the form of legal activity, the source of financing, the periods of paperwork and tax registration. The financial part assumes the existence of a full calculation of income and expenses, starting from the rental of the premises and ending with the purchase of champagne to the opening of the store.

2

The next point in opening a yarn store will be the registration of an individual entrepreneur or legal entity. It is easier and cheaper to register as an entrepreneur, but legal entities cause more confidence in bank lending. Be sure to open a bank account.

3

Now you can choose a room. Ideally, the store should be in good transport accessibility and in a "passing" place. For a yarn store, the area needs a compact and comfortable. On display cases and shelves, usually only samples of goods are laid out, the bulk is stored in warehouses. The range should include not only yarn, but also many related products: knitting needles, hooks, scissors, etc. If you will sell floss and embroidery, the clientele will increase significantly. The main thing is that you can please most buyers, i.e. goods must be of different price categories - from "budget" to more expensive. Be sure to have fashion magazines and brochures on display windows. The buyer needs to be interested!

4

It’s easy to arrange the delivery of goods. It is enough to choose the product you are interested in and agree on supplies with managers. The main thing to remember is that you need to buy from the manufacturer. They do not make large margins, and from the volumes you will be given considerable discounts.

5

Having opened your store, you need to correctly advertise it. An ideal advertising site could be an Internet site. A small fee is charged per year for site maintenance, and almost any web designer can do it. The advertising that this site will make will cover and increase the profits of your new store by an order of magnitude. You can advertise in newspapers, but this is less productive. A great opportunity to attract buyers is to organize knitting workshops. Many women will be interested in such lessons, and at the same time will pay attention to the goods. Flyers with the upcoming master class can simply be scattered through the mailboxes.

note

At the entrance, do not forget to hang a stand: "Consumer's Corner".

Useful advice

It is better to open a store with your own money. Bank loans often prevent novice entrepreneurs from rising, clogging them with their high interest rates.

Small outlets are profitable to conclude a supply contract for sale. With such an agreement, an entrepreneur can pay only after the actual sale of goods and receipt of money.

In the store you can display already related products. This will attract to you those who do not know how to knit themselves, and the masters will push them to knit similar patterns.