As a franchising and small business consultant I am often asked what are some of the best types of small retail related businesses to start today. To be honest, and for a number of reasons, I am not a big fan of starting traditional “brick & mortar” retail businesses like clothing or jewelry stores in today’s highly competitive retail economy. However, if I was going to start a retail type business starting or buying a kiosk type business would be high on my list.
Here are A few top reasons why to consider starting a Kiosk business today:
Affordability: Because you don’t have the costly expense of building out a traditional brick & mortar retail space kiosk businesses tend to be very affordable to start and open. And due to the compact nature and smaller footprint of kiosk units or machines leasing a space or location is also generally much more affordable.
Low Overhead: Many kiosk machine businesses are designed to be operated remotely just like vending machine businesses so you will not have to hire a staff or employees which will significantly reduce your operating expenses. Even if you are operating a mall based kiosk that does require staffing it usually only requires 1 worker.
Mobility: Because of their compact nature Kiosk business owners have a lot more flexibility in placing and moving their units if desired or necessary.
Fast Start-Up: Unlike traditional retail store businesses that can take many weeks or months to prepare before opening kiosk businesses can generally be up and producing cash income very quickly.
You can research Kiosk business opportunities here.