hi I’m Evan Carmichael welcome to
another edition of ask Evan in today’s
video I wanted to answer a question from
one of my newsletter readers Francis who
wants to start a shoe stall and one of
my advice on how to get started and get
the money to kind of launch this
business so Francis actually the
question I’m always a big believer in
not spending money till you’re making
money and sometimes you know these
little retail shops or stalls can be
really pricey so what I would recommend
doing is partnering up with somebody who
already has a stall in the location that
you’re looking for and selling something
else to not shoes and you just take over
a little portion of it and hopefully you
don’t have to pay for it I try to
negotiate a way where you can maybe
share the profits that come in from it
or you can help promote their business a
little bit as well try to start the
business without spending money you know
when you’re making money you can start
spending money but anybody can spend
money so you want to try to find a way
to be resourceful and start bringing in
the money without having to spend money
to get customers coming in so cash is
king at the start so start off a little
stall with somebody else see it first
off it is for you right people have
great business ideas I think they’re
going to be awesome at doing something
and then it turns out that was a
terrible idea they didn’t want to do it
at all and they’re not really good at it
so why not test it out on a small scale
see if you like it see if you’re good at
it see if it’s something you want to
continue doing before spending a lot of
money investing into something that you
know you may not enjoy doing so start
small test it then I would try to see
you know get educated on the types of
shoes that you’re gonna be able to sell
the hours you know which stall might be
a good location for you so you can test
all these things on a small scale and
build up your audience so anybody who
comes and starts to buy try to get their
information try to you know put them on
an email list so you can let them know
when you open up your own location so
when you do open up your own place your
own stall just for yourself you’re good
to have an audience because you know you
know that market delivers for you and
you can email people to say hey you know
we broke up we’ve opened up our new
location much bigger than we had before
come on check
so and you’ve done it all in a low-risk
way it takes a little bit more time but
your chances of success are much higher
and the chance of you losing and burning
a lot of money also you know go down a
lot as well
so hopefully that helps Frances good
luck I’m really excited to hear how it
turns out if you guys have any
suggestions with Francis you know please
leave a comment below be great to hear
from you and if you like the video I’d
really appreciate it if you can give it
a thumbs up I love seeing those come in
so thank you and we’ll see you on the
next episode
you
another edition of ask Evan in today’s
video I wanted to answer a question from
one of my newsletter readers Francis who
wants to start a shoe stall and one of
my advice on how to get started and get
the money to kind of launch this
business so Francis actually the
question I’m always a big believer in
not spending money till you’re making
money and sometimes you know these
little retail shops or stalls can be
really pricey so what I would recommend
doing is partnering up with somebody who
already has a stall in the location that
you’re looking for and selling something
else to not shoes and you just take over
a little portion of it and hopefully you
don’t have to pay for it I try to
negotiate a way where you can maybe
share the profits that come in from it
or you can help promote their business a
little bit as well try to start the
business without spending money you know
when you’re making money you can start
spending money but anybody can spend
money so you want to try to find a way
to be resourceful and start bringing in
the money without having to spend money
to get customers coming in so cash is
king at the start so start off a little
stall with somebody else see it first
off it is for you right people have
great business ideas I think they’re
going to be awesome at doing something
and then it turns out that was a
terrible idea they didn’t want to do it
at all and they’re not really good at it
so why not test it out on a small scale
see if you like it see if you’re good at
it see if it’s something you want to
continue doing before spending a lot of
money investing into something that you
know you may not enjoy doing so start
small test it then I would try to see
you know get educated on the types of
shoes that you’re gonna be able to sell
the hours you know which stall might be
a good location for you so you can test
all these things on a small scale and
build up your audience so anybody who
comes and starts to buy try to get their
information try to you know put them on
an email list so you can let them know
when you open up your own location so
when you do open up your own place your
own stall just for yourself you’re good
to have an audience because you know you
know that market delivers for you and
you can email people to say hey you know
we broke up we’ve opened up our new
location much bigger than we had before
come on check
so and you’ve done it all in a low-risk
way it takes a little bit more time but
your chances of success are much higher
and the chance of you losing and burning
a lot of money also you know go down a
lot as well
so hopefully that helps Frances good
luck I’m really excited to hear how it
turns out if you guys have any
suggestions with Francis you know please
leave a comment below be great to hear
from you and if you like the video I’d
really appreciate it if you can give it
a thumbs up I love seeing those come in
so thank you and we’ll see you on the
next episode
you
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