Thinking about opening a video and DVD store? We tell you what you need to know to get started.
(article continues below)
Creating a First-Rate Video & DVDs Store Business Plan
It's virtually impossible for your video and DVD store to succeed without an effective business plan.
The best business plans are practical documents that reflect actual business realities. To be reliable, your business plan can't include best guesses or intentional exaggerations.
Instead, commit to creating the most precise business plan possible. For more information about video and DVD store business plans, take a look at what the experts say about business plan writing.
Prior to opening a video and DVD store in your town, it's worthwhile to determine how you will fit in the competitive landscape. Use the link below to find competitors in your city. Simply enter your city, state and zip code to get a list of video and DVD stores in your town.
How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.
Find Good Remote Business Advice
If you are seriously contemplating launching a video and DVD store, it's a smart move to have a conversation with someone who is in the business. If you think owners of nearby video and DVD stores will give you advice, think again. What's in it for them?
But, a person who owns a video and DVD store outside of your community may be more than happy to give you a few tips, once they realize that you are not going to directly compete with them in their community. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
Do you know how to find a video and DVD store owner outside of your area who is willing to talk?
Easy. Find them using our link below and start calling until you are successful.
Guidelines for a Video & DVDs Store Acquisition
It's fairly common for video and DVD store entrepreneurs to gain entry through a business acquisition.
An acquisition isn't necessarily a bed of roses. You'll need to thoroughly evaluate the factors involved with buying a business. Right away, you'll want to make sure the business is capable of meeting your ownership expectations.
Once you have determined that the video and DVD store is an appropriate match for your goals, you will need to skillfully negotiate on price and perform a thorough due diligence process before you finalize the deal.
Franchising May Be a Better Way to Go
Young entrepreneurs are big on innovative marketing concepts, but fall short in the area of real world marketing experience.
Franchises offer a shortcut for achieving a robust market presence. A highly visible franchise gives startup owners the benefit of instant brand exposure, supported by regional or even national advertising campaigns.
It's possible to perform a successful video and DVD store startup using a traditional model, but you can significantly improve your first-year position by exploring the video and DVD store franchise startup opportunities in our video photography franchise directory.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you came here to learn about selling to video and DVD stores, this isn't the right place for you. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.