A bedding company will always be necessary as long as people need comfortable, decorative sleeping spaces. If you’re looking to start a bedding company, you should at least have an interest in the bedding industry. In addition, any prospering business requires that you have a strong desire to succeed. Your genuine interest for the industry coupled with a good business sense should make for a successful bedding company.
Select a name for your bedding company. Try to choose a name that’s catchy or easy to remember but also one that embodies the image of the type of company you want to build.
Choose a location for your bedding company. Lease a space that will give you maximum exposure to the public. Places such as strip malls and shopping centers are ideal for establishing a company. You may even think about an indoor mall space if your budget allows it.
Acquire a business license. Contact the department that issues business licenses in the area that your store is located. A representative at the governing offices for your city will direct you to the appropriate department. Submit your licensing application with required fee.
Get the required insurance for your bedding company. Your city may require you to get a specific type of insurance to operate your business. If not, you should at least get insurance coverage to protect your finances and inventory.
Obtain inventory for your company. The best way to do this is to purchase low priced products from a bedding supply wholesaler. Purchase as much of a variety of products as you can afford. This offers a broader spectrum of customers to target. Your inventory should include bedspreads, comforters, pillows, sheets, bed skirts, bedding sets, accessories, etc.
Build anticipation for the opening of your business with flyers, door hangers and other marketing materials announcing a grand opening. Put a large “coming soon” sign outside your store to help pique interest even more. On the day of your grand opening, encourage customers to buy with promotions and discounts. A grand opening should get your business off to a good start and help to build name recognition.