4 Tips For Starting A Successful Retail Business (2024)

Updated: January 19th, 2023
Start A Retail Business

Want to start your own retail business? Here are some tips you should know:

Learn more about starting a retail business:

Where to start?

-> How much does it cost to start a retail business?
-> Pros and cons of a retail business

Need inspiration?

-> Other retail business success stories
-> Examples of established retail business
-> Marketing ideas for a retail business
-> Retail business names
-> Retail business Instagram bios

Other resources

-> Retail business quotes

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a retail business:

#1: Joellen Tritton, founder of Storkland:

We chatted with with Joellen, founder of Storkland ($/month). In our interview, Joellen says:

The only way to stay ahead of consumer trends is to attend every product-related show and market that you can. Not attending means stagnation.

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Read the full interview ➜

#2: Liz Martin, founder of Charleston Weekender:

We chatted with with Liz, founder of Charleston Weekender ($2K/month). In our interview, Liz says:

I learned I really miss having a business partner, but I also learned I don’t need one!

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Read the full interview ➜

#3: Eugene Ravitsky, founder of FactoryPure:

We chatted with with Eugene, founder of FactoryPure ($3M/month). In our interview, Eugene says:

Find a mentor in your industry who has built a business structured like yours.

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Read the full interview ➜

#4: Liz Martin, founder of Charleston Weekender:

We chatted with with Liz, founder of Charleston Weekender ($2K/month). In our interview, Liz says:

You have to make your own! Don’t let fear get in the way, learn to have faith along the way.

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Read the full interview ➜