What Type of Shop Should You Open?

Americans filed 5.4 million new business applications in 2021. That’s one million more than in 2020!

The surge in entrepreneurship is excellent for driving economic recovery and innovation.

Maybe you’ve even been thinking about some business ideas yourself. But the question is: What type of shop should you open?

Well, if you’re ready to open a business, check out these great ideas!

Online Retailer

You can do and find almost anything online these days, so why not open an online store? There are thousands of different products and services you can sell.

Plus, you can hire a Shopify expert here to help you set up and run your store if you don’t have much eCommerce experience.

Let’s look at some lucrative online shop ideas.

Subscription Boxes

Subscription boxes are becoming more popular thanks to companies like FabFitFun and MeUndies. But now, you can find a subscription box for almost anything, such as:

• Food boxes
• Cleaning kits
• Technology boxes
• Book boxes
• Clothing boxes
• Oral care kits
• Tea boxes
• Toy boxes

Find something you love and start a subscription box service. You can send boxes monthly or quarterly to your customers with unique items every time!

Sustainable Goods

Sustainability is a great way to run a profitable business without harming the environment. Find sustainable alternatives to clothes and shoes, beauty products, household items, or anything else you use regularly.

If you can sell a cost-effective product that’s good for the environment and gives back to the community, you’ll find a loyal customer base.

Retail Shop

Even though online stores are thriving, plenty of retail store ideas will also be successful for your small business. Here are some exciting ideas to consider.

Grocery or Food Store

You don’t have to be the next Kroger or Walmart, but grocery stores are one of the most profitable retail businesses. You don’t need any special skills to open a food store.

While it will require hard work and dedication, everyone has to eat, so selling food is a great business idea.

You can also choose between different types of food stores, like:

• Corner or convenience store
• Health foods store
• Ethnic store

If you have ample experience in food service, you could also open a restaurant.

Pet Store

If you’re a pet lover, then this might be the perfect business for you. A one-stop shop where customers can bring their pets to pick out the necessities and the frills. You can cater to all pets or just cats (or dogs, rabbits, birds, etc.) if that’s your liking.

Stock up on food, toys, houses, clothes, and other pet items for your customers to explore.

Pick the Best Type of Shop for You

The type of shop that’s right for you is the shop you have a passion for.

When you have a strong desire to provide something for others or solve a problem, you are more likely to succeed.

Put on your thinking cap and get down to business with your idea.

If you want more advice on what kind of business to open, check out the Business and Career and Jobs sections above.