What are Some of the Dollar Store Startup Costs?

Mar 11
11:25

2012

Bob B. Hamilton

Bob B. Hamilton

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Surely you have heard the saying that it takes money to make money. There are plenty of dollar store startup costs you need to worry about before you open your doors. Here is a look at some of the most important.

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Surely you have heard the saying that it takes money to make money.  There are plenty of dollar store startup costs you need to worry about before you open your doors.  Here is a look at some of the most important.

Before you start your dollar store,What are Some of the Dollar Store Startup Costs? Articles you will need to get your hands on various store fixtures.  This includes displays, gondola shelving, and end caps for your merchandise.  It is also a good idea to make use of signs so your customers will know where to go to pick up what they are looking for.

It is also vital for you to obtain equipment to enable customers to buy merchandise.  This includes checkout counters, cash registers, and point-of-sale equipment.  Remember; you will also need to buy furniture and equipment like telephones and a fax machine for the manager's office.

Getting merchandise to sell will be one of your biggest expenses.  That is why you need to try to find a few good suppliers to buy from.  The cheaper you can get your merchandise, the more money you can make.

Hopefully, your suppliers will offer not only great prices for your inventory, but excellent deals on freight costs too.  Freight costs will be among your most important dollar startup costs to consider too, especially taking into account fluctuating gas prices.  This is definitely one expense you will want to reduce as much as possible.

The merchandise you buy will also need to be put somewhere before you stock them on the shelves.  Therefore, another dollar store startup expense will be for warehouse equipment.  Pallet jacks and hand trucks will make manual work a bit easier.  You could even invest in a forklift for heavier items.

You cannot run the entire store by yourself, so your staff will also play a large role in your store startup costs.  If you manage the store yourself instead of hiring a manager though, you can save a lot of money.  Also, remember it is best to provide your employees with uniforms to give a more professional look.

You want people to know your store exists, so another important dollar store startup cost is for marketing and advertising.  There are tons of ways you can go about marketing your store.  Banners, flyers, billboards, radio ads, and television spots are some of the best options.  Consider less expensive methods if you do not have a lot of money in your advertising budget.