Do-It-Yourself Dollar, LLC (DIYD) is a consulting service that provides aspiring discount retail business owners with the information they need to open their own dollar store or discount store. Our program at DIYD will save you unnecessary costs that you would normally pay to a dollar store/discount store developer. When you take advantage of our program we will show you how to avoid the inflated pricing that you could receive from a retail store developer as well as how to avoid the mistakes that many first time store owners make.
The DIYD program is not for everyone. However, if you are a self-starter who wants to take control and make your own decisions, this may be the ideal program for you. We are looking for independent-minded, motivated people who want to own their own dollar store or discount retail business. We are an informational service for driven individuals who possess an entrepreneurial spirit. If this sounds like you, let DIYD be your guide!
Join the Flourishing Dollar Store and Discount Store Niche
In spite of the current challenging economy, there are still businesses thriving and among those thriving businesses are dollar stores and discount stores. The reason is fairly obvious as people need to make their dollar go further in these troubled times. With the dollar store/discount store you have a business model that, managed correctly, will do well in any type of economic environment.
 In fact, the strength of the dollar and discount store industry has been the topic of many recent articles:
- In a trade magazine article last year, Family Dollar Chairman Howard Levine said, “Customers of all income levels are looking for ways to stretch their budgets. It’s clear that Family Dollar and the dollar channel overall is gaining in this environment.”
- In a USA TODAY article the author commenting on dollar stores and discount stores had this to say: “Dollar stores are soaring at a time traditional retailers have been sucked into the market downdraft. The worse the economy, the better for retailers of DEEPLY DISCOUNTED items.”
Get Started in this High-Demand Industry
But in order to be successful you have to be armed with the right information. Without it your chances of survival are greatly compromised. We are a consulting service with an insider’s knowledge on what you need to do and how to do it. Using our services will let you directly contact the merchants and service providers necessary to open your business without the costly middlemen. Our goal at DIYD is to give you the information that you absolutely must have if you are considering owning a dollar/discount retail store business. Our company president, Tony Scott, spent over five years on the management team of one of the country’s largest and most successful dollar store/discount store development companies. Now you can take advantage of the industry information, industry contacts and insight he has developed over the years!
The DIYD program will provide you with:
- A list of merchandise vendors, many of whom offer discounts to our DIYD program members. Vendors include companies selling store merchandise, cash register/POS systems, security systems, shopping baskets/carts, pricing guns, labels, etc.
- Sources of financing, if needed, for your business and what each lender’s guidelines are. There are different programs available for different financing needs. We will also discuss whether you will qualify for these programs.
- Business plan including P&L projections. A personalized professional business plan that you can use for yourself or for a prospective lender. Included will be realistic Profit and Loss projections showing what you will need to do in the way of sales in order to achieve your goals.
- Sources of store build-out experts offering discounts to our DIYD program members. Experienced store contractors who will assemble your fixtures, stock your shelves and instruct you on store operation.
- Names of fixture companies offering discounts to our DIYD program members. One of the costliest features of dealing with a store developer is the fixture price. This is where some developers make a big part of their profit. We will give you companies that you can contact directly.
- Site location advice. We will actually provide you with a site consultant who will advise you as to locations you have selected in your desired area in regard to the viability of the lease price and the lease conditions that can be negotiated. This is an extremely important benefit of the DIYD Program.
- Retail operations manual. A day-to-day operations guide to provide you with what you need to know and do in regards to your daily store schedule.
- One-on-one consulting sessions with our president, Tony Scott**. Tony has over 20 years of retail experience, the last several years with one of the country’s largest discount store developers as their Director of Merchandising. He will be discussing a variety of subjects including but not limited to:
- The importance of choosing the right location. How paying the wrong lease rate will doom you from the start. Why now is a great time to lease retail space.
- Choosing the right merchandise for your store. Merchandising methods to get people in your store.
- Choosing the right vendors for your store. Do you know why using too many vendors will hurt your store?
- Financing your business. Do you need financing? Do you need a partner? Will you be able to qualify with a lender? What lenders are available and what are their requirements?
- How much inventory should you keep in your backroom? Why your opening order for a store is so important.
- Costs that store developers don’t tell you about that you need to be aware of.
- Are you right for the retail industry?
- Answering your questions.
The answers to these questions, plus the other information and tools that DIYD provides are extremely important. Armed with this valuable information you will be better able to negotiate for yourself and your future.
** Consulting sessions will consist of a maximum of 4 hours to be scheduled in 1 to 2 hour telephone sessions.
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