14 TOP PROFITABLE RETAIL BUSINESSES

There are many kinds of profitable retail businesses you can start, but I choose only best profitable retail stores you can start.  However, I would like to write what retail market, types of retail outlets and other things before you take advantage of top profitable retail businesses offered.

 What Retail Market Is

Retail market is a market where you buy goods at a wholesaling price or manufacturing price and sell it directly to consumers at affordable prices from your fixed location. Fixed locations can either be boutique or kiosk or buka, etc.

 Three types of Retail Outlets You Need to Know

1.     Food Products

 Raw foodstuffs and other proceeded foods are called food products.

2.     Hard Goods

Domestic appliances, furniture, electronics, public utilities, sporting goods,     domestic utensils,etc are called hard goods.

3.     Soft Goods

Clothing, apparel, and other fabrics are called soft goods.

 Now, you can choose any outlets above to start a business in your location, but be careful because not all retail outlets can guarantee you unless you research customers ‘needs in your group or you suddenly get a divine idea from God.

   TOP PROFITABLE RETAIL BUSINESSES 

I know that you may not be sure which business you can start and or which business you can profit best. But I recommend that you can choose any business here as follows:

1. Boutique

2.  Buka

3. International or local grocery business

4. Canteen

5. Moin-moin business

6. Akara (Yoruba) or beans cake and fried yam business

7. Appliances business

8. Raw foodstuffs business

9. Various frozen meats and fishes business

10. Pharmacy and grocery parts supermarkets

11. Cyber café business

12. Bookstore business

13. Beverage (or beer) viewing /relaxing centre

14. Various types of chips with high standards business

Lastly, the lists above there are best profitable daily for life, but you will one day collapse your retail business or your profit is suffered via not regular daily if you lack five things: Marketing strategies, Beige or beautiful decoration with a variety of beautiful lights with high radio, front in a dense place or high busy place, good technologies and market research.  

And if you like to share what you say above or any question, please try to comment here. And also try to this RSS feeds.