How to earn 8000 dollars in a month-Juice bar
<strong>Materials needed for business
investment cost– 5.000 $
The vitamin industry is booming. According to a September 2010 market research report about nutritional supplements in the United States, unsteady economic times mean that in some cases consumers are reaching for vitamin supplements to augment costly prescription medicines in the hopes of staving off preventable diseases and medical complications. U.S. retail vitamin sales reached $9.4 billion in 2009, a 7.5 percent uptick from 2008. Starting a vitamin store business can be a prosperous and successful enterprise with planning and organization.
Step 1Formulate a business plan. Formulating a business plan for the vitamin business is a time-saver that may minimize the learning curve and maximize time spent generating income. Determine the goals for the vitamin business with a “five-year plan,” identify the types of financing that will likely be necessary to facilitate growth and assess the vitamin company’s opportunity for growth given current market and industry climate.
Step 2Attract investment capital. It may be that the vitamin business will be established with personal savings or credit lines. But larger vitamin businesses many want to seek investment capital. Attend networking events, such as industry conferences, host investment dinners, pitch the project to whoever will listen and spread the word among friends and family. Investment capital can sometimes come from unlikely sources, but tap potential partners, such as other health food backers and sponsors.
Step 3Acquire licensing and permits. Visit city hall to obtain any relevant licenses and permits. These vary by region, but it’s likely that anyone starting a vitamin business will need a business license, tax identification number and liability insurance. If the vitamin business will also sell consumables, such as smoothies, there may be additional licensing requirements.
Step 4Establish location. Choose a busy, bright location for the vitamin business. Locations with plenty of foot traffic will lure in passersby, and large display windows will help showcase merchandise.
Step 5Stock inventory. Research the vitamin market to identify a combination of venerated brands, longstanding classics as well as emerging trends. Consider whether the target audience is the vitamin business targeting strength trainers, New Age health hipsters, families or a combination of these. Consider add-on purchases, such as protein supplements or soy candles. Identify and establish partnerships with suppliers.
Step 1Hire staff. Vitamin business staffs reflect the store’s brand. If the target demographic includes strength trainers, for example, hire staff with outside experience in the fitness industry to field related questions. Vitamin businesses with a health emphasis may consider hiring a part-time nutritionist or dietitian.
Step 2Implement a marketing plan to introduce and develop the vitamin business brand in the community. Invite local nutritionists to present free talks or product reviews, and establish a presence on social networking sites.
Step 3Build an advertising strategy. Choose advertising with care because this can be costly. Consider co-opting ads with other related businesses for radio, television, print media or online venues.