This is a terrific opportunity to convert your creativity into a rewarding art supplies store business. This industry is driven by niche-building making it perfect for the new entrepreneurs. Start your own art supplies store today to have a money-spinning future. Use your time during COVID-19 pandemic wisely and start your home business with this opportunity.
01 Startup Financing Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
BACK TO THE BUSINESS IDEA
Do you love art? Like getting your hands muddled crafting? Do you have an enthusiasm for the craftsmanship however not certain how to best use your abilities in the art world? Assuming so - art supplies store business idea is perfect for you. In the past few decades, it has become very simple and
profitable for beginner entrepreneurs to join this business. Generally, “Art supplies” is a term that refers to a variety of products like paints, brushes, canvasses, and sculpting accessories.
Basically, art supplies store offers a wide range of items to meet the requirements and style of painters, architects, artists, sculptors and a wide range of crafty people. Art supply retailer gives the fundamental opportunity of promoting the art inside a community by offering art and craft supplies. You should have the
knowledge of the history, trends, materials and terminology of the art and craft industry. This knowledge will be helpful while dealing with wholesale vendors and the general public.
Children and young adults are the best target market for art supply store. By offering items and projects that are custom-made to the youngsters and adults, you can pick up a key position that will necessarily result in more income and a more noteworthy share of the market. The main challenge of art supplies
business is that it is dominated by major retailers in the market. However, niche-building is quite easy due to the size and diverse nature of the market. You can sell specific products or sell products to a specific group of artists or customers.
Your target market will include people of all age groups. More importantly, children, young adults, and university students make up a strong customer base.
- Retail shop: Establish a retail store in the high-traffic area. Take into consideration the availability of convenient parking. Location near school and colleges that offer fine arts program is an excellent choice.
- Website: Create a user-friendly and stylish website for promotion and expansion of your business.
- Social media: Promote your business and products on social media channels especially Pinterest and Instagram to attract potential clients.
- Mobile shop: Since it is difficult for old people to pick up art supplies, deliver art supplies to elderly homes and care facilities through mobile shops.Suitable as home business during COVID-19 pandemic.
The startup cost for art supplies store business idea is low. However, the profit potential is high as an art supply store is often marked up 100 % or more. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- A business that offers extreme flexibility and focuses on your passion and hobby.
- You can easily change or add more varieties to your product line.
- A low-risk business that’s perfect for startup entrepreneurs.
- High market potential using smart marketing strategy.
- Low startup investment with high earning potential.