Tom’s Franchise Information Blog

These Dollar Store Franchises seem to be popping up all around certain parts of the country. Of course when people think dollar store, they immediately conjure up images of cheap little trinkets from China, like tiny American flags, or little dolls coated with lead paint, and of course, discount candy. But the actual franchise opportunity of the “name brand” Dollar Store is far different.

The dollar store franchise which we speak is operated by Liberty Opportunities, Inc., and these stores are involved in one of the hottest growth sectors in the USA. Dollar Tree, Dollar General, Family Dollar are some of the well known dollar store opportunities which are experiencing spectacular success for those who want to operate a franchise retail business.

Yes, many of the products that a dollar store offers will be shipped in from China, but then again, just about everything is. One advantage that comes with a dollar store operation is low cost inventory, since most items are very inexpensive there is little risk in any particular batch of items. Also, with the economy being what it is and consumers needing to save money, the reputation of dollar store is an instant attraction for customers.

However, there are some drawbacks to consider before entering this business. It is, after all retail, and there are business licenses, employees to hire, insurance risks, property to manage, etc etc just as there is with any brick and mortar business. Plus there is an initial start-up cost which can run into the hundreds of thousands of dollars, depending on location. This is perhaps why so many individuals are turning to internet marketing and operating a home based business, which features less risk, no inventory, less start up, no employee problems, and ease and simplicity of a business with no licensing. Also, internet Marketing, or online marketing, also requires less inventory, because most MLM or home based businesses can be operated with a home computer. In addition, many people are choosing to shop online anyway, so as time goes on, retail stores will automatically lose customers to online retail stores.

Also if online marketing is appealing, then look into learning centers like iMMACC, or the University of San Fran (usanfran online), or Full Sail University, which offer internet training. Whichever kind of business you choose to begin and invest in, internet marketing or brick and mortar, always remember to perform due diligence and research all the pros and cons and risks involved. In any economy, stable or unstable, it is always wise to consider choosing a business that has long term profitability, as well as a business which offers the least risk for start-up.