Making Money With Fire Extinguishers
If you're looking for a great way to make money, you may be surprised at where you can find the opportunity. Most people consider fire extinguishers to be another measure of safety, but they can also be the basis of a profitable business. Below, you'll find step by step instructions for how to make money with fire extinguishers.
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Instructions
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Create a business plan. List your executive summary, mission, goals, start-up expenses, owners, products, market analysis summary and sales strategy for your fire extinguisher business.
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Secure financing. If you don't have adequate cash reserves, you'll next need to secure financing for your new fire extinguisher business venture. This can be done by securing a business loan from your local bank or credit union, borrowing from a friend or even applying for several business credit cards.
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Find a suitable place for a business. For this, you will need some sort of office building or store front where you can sell fire extinguishers. Renting is common, so you'll need to budget for at least the first month's rent and a security deposit. You can usually find rental units by checking your local advertising paper or by looking online under rentals in your city. One company that offers local business classified ads featuring business rentals is Business Nations (see Resources).
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Choose a wholesale fire extinguisher company. You'll have to purchase wholesale from a company like www.mrfirextinguisher.com or another wholesale supplier. When choosing a company, make sure it has been in business for a few years, offers a toll-free customer service phone number and has no complaints filed with the Better Business Bureau. Also, compare products, prices, benefits or extras so you choose the right company.
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Purchase Stock. Purchase enough fire extinguishers for your store so customers have a variety to choose from. It's important that you have enough stock to get you started---but not so much that you have too many to sell. Try to time your order so you have stock as soon as your lease starts.
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Set a price. Determine how to price your fire extinguishers. It's important to make a profit that is high enough to make it worth your time, but not so high that your prices are above others in the area.
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Advertise your business. Let potential customers know you're there and what you do. Print some business cards and flyers to distribute within the community. Try leaving some flyers with your local fire department, grocery stores and other places. Advertising in the local newspaper and phone book can be effective. Ask your local newspaper about advertising rates. These methods will help get the word out about your company and bring you customers. Continue marketing even after you have customers.
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