Opening a fish tank shop is a highly rewarding experience. Start a fish tank business and allow fish hobbyists to follow their passion and dream. Get yourself ready now and earn thousands of dollars with a fish tank shop business idea.
THE BUSINESS IDEA
Fish keeping has become one of the most popular hobbies among millions of enthusiasts across the globe. A fish lover can run highly profitable fish tank shop business as long as he separates his self from the competition. However, this charming business requires the right business model and strategic planning. Moreover, this business is very costly, complicated and need high maintenance. You will need high knowledge about tropical fish, keen business sense and deep passion for successfully running this business.
Fish tanks are very popular among homeowners and office managers. Fish tanks are widely used or decoration purposes. Fish tank shop offers aquarium related products and offers such as installation, maintenance, and cleaning. Some of the essential items provided by fish tank store include tanks, fish foods, nets, heaters, filtration system, tank decoration, oxygen provider etc. To succeed in this business, you should have expertise in aquarium design and should be able to troubleshoot any problem experienced by your customers. Since you will be new in this business, you will require to develop an exceptional portfolio and customer development strategies.
Before getting into this business you should take the relevant training to succeed in this business. The main challenge of the fish tank shop business is taking proper care of fishes. Get proper training to learn how to take care of fishes. You can run fish tank store, aquarium maintenance store and online aquarium store. Marketing strategy should be creative. Identify the people who already have aquariums. Put up the billboard in the famous location of the city or the town. Offer initial opening discounts and markdown on yearly contracts. Consider having your own business since it will attract more customers.
Your target market includes fish lovers, homeowners, and offices. Maintain a healthy relationship with your clients so that they recommend your shop to their friends and family.
- Retail shop: Establish a retail shop in a location that provides you high visibility and relatively easy access to walk-in traffic. The retail store should have adequate water supply and electricity.
- Website: A stylish website will help customers to know about your products and help in the expansion.
- Social media: Use social media channels like YouTube, Instagram, Facebook, Pinterest to promote your business.
The startup cost for fish tank shop business idea is high. However, the profit potential is high as fish tank shop 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 an opportunity to turn your love of fish into the business.
- This business offers a wide range of potential clients.
- You can earn extra income by offering maintenance services.
- High market potential using smart marketing strategy.
- High startup investment with high earning potential.
Service 1 | Pre-Studies
Start your journey with one of our three Pre-Studies if you are not yet fully sure about your project:
Option1. Project Pre-Study: You have a business idea or consider to import/export a new product, but you need a qualified second opinion? Business Titans checks your business idea or project for you and provides a detailed analysis on the opportunity, its risks, feasibility and profitability.
Option2. Pre-Opening Plan: Do you need to get an overview of the detailed steps to implement your project? Entrepreneurs who wish to have on the operational level a sound overview of the steps they need to take to set up their new venture or product should look also into this option.
Option3. Project Exposé: Do you need a professional presentation to introduce your project to a demanding audience? Successful entrepreneurs understand that the presentation of an idea is as important as the idea itself. The approach Business Titans is applying is to send always an appealing Exposé of the project before sharing further details. Only if there is a vivid interest that you feel among your audience, you should share confidential documents such as Pre-Studies, Business Plans, etc.
Service 2 | Business Planning
Option 1. Business Plan Consulting: You draft the Business Plan with our Guidance, we review and enhance the final version. Business Titans supports you to develop a Business Plan. You draft your own Business Plan with our guidance. A senior member of Business Titans will then finalize your draft with enhancements, research data, adapting the contents and forms according to the expectations of the final recipients, including banks, lending partners, equity partners, landlords, insurers and regulators.
Option 2. Business Plan Outsourcing: In this option, the entire process, including the development of the business model and Business Plan is handled by Business Titans. You will be first interviewed to understand your vision, resources and capacity.The rest will all be done by us and presented to you for the last minor adaptations. This version gets a Business Titans certification to be used for 3 years (as long as there will be no major changes on the Business Plan).
Service 3 | Weekly Coaching
A Business Plan is (and should be) in a constant evolution. The more you get into your business environment, the more you are able to fine-tune it. However, the best Business Plan will not be more than a paper if you do not implement it in a disciplined and consistent way.
- Option 1: Try-Out Session
- Option 2: 2-Weeks Package
- Option 3: 4-Weeks Package
This is why Business Titans has extended its services with a Weekly Coaching dedicated for the step-by-step implementation of the Business Plan that we have developed together.