5 Profitable Retail Specialties
In retail, there are almost as many specialty retailers as there are retailers. Of course, there are popular mainstays – jewelry, department stores, sporting goods, home decor, footwear, and apparel, to name a few. But there are other retail shops–specialty stores–that can be just as profitable if managed well. Here are five of them:
- Eyewear – Besides being windows into a man’s soul, the eyes are a very important tool for humans. Unfortunately, many of us have defective eyes in some way. From being totally blind to being inflicted with impaired vision in some, eye problems plague a lot of people. For that reason, specialty shops that offer testing services and eyewear–from sunglasses to prescription glass–can be a profitable business.
- Electronics – Who doesn’t own at least one electronic? From tablets to desktop computers and everything in business, electronics can have a business function or an entertainment application. With such ubiquity, electronics specialty retailers is a booming business.
- Pet Stores – While pet ownership is not as popular as electronics ownership, it is still very popular. With so many people owning pets, there’s got to be a place pet owners can go to take care of the needs of this part of their family.
- Arts & Crafts – People engage in arts & crafts for different reasons. Whether it’s the art or the craft, this human need is as popular (nearly) as owning electronics. It’s a very profitable retail niche.
- Lifestyle – There are many different types of lifestyle shops. Some involve hobbies while others involve total lifestyle and identity culture, such as goth, cosplay, marijuana (but only where legal), sex, and acting/music/books.
From being totally blind to being inflicted with impaired vision in some, eye problems plague a lot of people. For that reason, specialty shops that offer testing services and eyewear–from sunglasses to prescription glass–can be a profitable business.
Retailing is a profitable business no matter what your niche, but you need the right software to manage it well.