How to start a mall kiosk business
Before you plan a small retail business, you may want to find out how to start a mall kiosk business. Mall kiosks are small stations usually placed in the center aisles of indoor malls. In warm, dry climates they can also be found in outdoor malls. Mall kiosks are not suitable for all types of merchandise, but they lend themselves to impulse buying of small novelty items, jewelry, and accessories. They also are used for seasonal merchandise, sometimes as promotional stations for larger retailers. How to strat a mall kiosk businessEven with a small business such as a mall kiosk, this is a major investment, and you will want to develop a business plan based on: 1.Research into the products you want to sell 2.Kiosk availability and costs in the malls in your area 3.Costs associated with leasing space in a mall 4.Cost of merchandise projected over the length of the kiosk lease 5.Projected income over the length of the kiosk lease You should buy a kiosk. Used kiosks may be available at considerable savings, but be sure a used kiosk is free of problems. Leasing is less expensive short-term or for seasonal use, but you may save money or the long run if you buy a kiosk to fulfill a long-term contract with a mall. Ideally, a kiosk should be staffed by at least two people so more than one person can be helped at a time. With two people you also have coverage for lunches and bathroom breaks. With only one person, you will need a way to secure the merchandise when the staffer needs to be away from the kiosk for a few minutes. ...