The Quilt Store Business: An Overview
Business Overview: If you are passionate about quilting, starting a quilt store business could be the fulfillment of your dreams. Most quilters are really enthusiastic about their hobby and are always looking for new stores to buy from. Not only do they continually need new supplies, but they also are looking for classes at stores that will teach them new skills so that they can move to the next level of quilting. Additionally, quilters often look to sell their beautiful, homemade quilts in local stores. If you’ve been looking for a great business idea and are wondering how to start a quilt store, you will need to know not only about quilting, but also about sound business practices. Attracting new customers is key to keeping the business on solid ground. You’ll be learning what manufacturers to order your supplies from, how to keep good inventory score, and what hours your store must be open in order to keep your customers happy. Many quilt storeowners find having their own store to be the most satisfying work they’ve ever done.
A Day in the Life of a quilt store business owner:
A typical day will start out with the quilt storeowner arriving early to open the store. She may take inventory before customers start to arrive and place orders for any supplies getting low. As the day progresses, she may have quilting circles taking place in the afternoon and offering a quilting course in the evening hours. After the store closes she will need to handle the financial side of the business, making bank deposits and keeping good records.
The Good:
- Owning a business that is based upon a hobby that you are passionate about is highly rewarding.
- Customers of a quilt store tend to be extremely loyal.
- This is a fairly recession-proof business. In difficult economic times people tend to stay home more and focus on their hobbies.
The Bad:
- Sound business and marketing practices are required for operating a storefront business. Having a passion for quilting is not enough.
- Quilting is a time consuming process and can be quite repetitive.
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