Retailing on a Budget: 7 Brick-and-Mortar Alternativesby Nicole Fallon
When you want to start a retail business, coming up with a great product that customers will want to buy is only half the battle. The other part of the equation is finding a way to get your products in front of customers — and unless you’ve got a few hundred thousand dollars lying around, a traditional commercial storefront may be out of the question. The good news is, brick-and-mortar stores aren’t the only option for people with a product to sell. Whether you want a scaled-down retail space or choose to sell online only, there are plenty of affordable alternatives for small business owners. Here are seven budget-friendly ways to run your retail business. Kiosks Don’t want a full retail store but still want your own space in a high-traffic area? A kiosk is the perfect opportunity for retailers with a small amount of inventory. These small retail stands got their start several decades ago as a short-term option for seasonal retailers. Today, there are thousands of kiosks in malls, transportation hubs and event venues nationwide, selling everything from jewelry to skin care products.