Are you thinking of setting up your own back to school supplies store or thinking of reselling back to school supplies? There is a lot of scope in this area and you can make good money by selling school supplies. This is seasonal business so you can use this as a secondary source of income without really having to quit your job.
The first step in setting up your back to school supplies reselling business is deciding your target audience. Of course you will be targeting the parents but you need to decide whether you are going to limit yourself to just your neighborhood or you are thinking of focusing on a larger territory because your business plan will depend very much on your target audience.
Secondly you need to decide what kind of school supplies you are going to sell. There is a long list of items that you could sell ranging from backpacks to stationeries to shoes and much more. Initially it would be best to start with one or two items so that you do not have to worry too much about setting up an exhaustive inventory.
The next step is to identify the best suppliers based on the products that you would like to sell. If you are thinking of selling school backpacks you need to find the best wholesale backpack suppliers in your area. Parents buy school bags almost every year and you have a very good market for the school backpacks but you just need to make certain that you have access to top wholesalers in the industry.
It is one thing to source your wholesale backpacks and it is totally another to price them correctly. You need to invest considerable amount of time to learn about the pricing. Your success will depend greatly on your pricing. You cannot price too low or two high. It needs to be competitive but at the same time you are profitable.
Ensure you have reliable delivery network. When people order from you depending on your target audience you need to have a suitable deliver network. Without the right delivery network you will end up with customer satisfaction issues.
Take care of legal aspects of setting up your business. How you are going to run your business is very important. If you are a parent who is going to just shop from a wholesale backpacks store and sell the surplus to the other parents then there isn’t much in terms of the legal aspect but if you are thinking of a full-fledged business then you need to focus first on the paperwork before you could start sourcing your wholesale backpacks and other school supplies.
Once you have taken care of all the legal aspects you need to have your stock ready in good time so that parents can start ordering from you for the timely delivery of the school supplies. Make sure you spread the word about your business with a well thought out promotional plan.