To give yourself the best shot at enjoying your pet store experience, follow our tips and keep using resources like our digital publication to learn more about all things business! If you love all the creatures of the earth, starting one of these pet-related businesses might put you on the path to success. Start with a website spelling out your business offerings, location, hours, rates and your bio. Inspectors may go through your pet store to ensure that all animals are kept per regulations and are being properly cared for. In some cities across the United States, like New York, dog walking alone can be a booming business. Of that amount, an average of 19 percent usually goes to payroll and benefits, while 44.5 percent goes to inventory. If you love pets, here are 10 pet businesses that you can run from home: 1. Equipment and software needed to start a pet sitting business The upfront costs for starting a pet sitting business is minimal. According to Bob Vetere of the American Pet Products Manufacturers Association, the average weekly sales per employee in a retail pet-products business are $2,600, or $135,200 per year. Even so, that adds up to 50 million to 60 million visits annually, according to the same source-and that number is on the rise. "They have become a part of the family. And with an estimated 74 million dogs in America, there's lots of room for good trainers to enter the field. If you’re a lover of pets and are hoping to turn that love into a profitable venture, opening a pet store may sound like a great idea and it could be! How to start a pet sitting and dog walking business: The insiderâs view After being made redundant, Lisa Murray-Lang used the New Enterprise Allowance to âfollow her heartâ and turn a passion for animals into a business This is where the bulk of your start-up costs will come in but trust me, itâs worth it to set things up right from the beginning. Optimally, your pet store will be in an area where there’s a lot of young families whose kids might be interested in purchasing pets. No matter whether you're interested in providing hands-on pet care or selling pet products like toys, food and treats, the prospects for success in a pet-care business are excellent. If you establish a store and your product mix is truly exclusive and expensive, you'll probably be more successful if you open in a resort area, in or near an upscale neighborhood (can you say, "Rodeo Drive? Learn how your comment data is processed. If you're buying product to resell, you probably will need $15,000 to $30,000 in inventory to get started, although if you're homebased, you could start for less. One of the first rules is to come up with a memorable business name. A pet cremation business can also be a great start-up for entrepreneurs who love animals. The sales of that artwork helped to pay her monthly bills so she could sink everything else into the retail business. A good promotion strategy is all about the mix-you need to get your message into as many publicity channels as possible to get the best results. According to an industry expert, only 3 percent of households nationally use a pet sitter or dog walker. Editor's note: This article was excerpted from Start Your Own Pet Business (Entrepreneur Press). How to Start a Pet Shop. Start your own pet sitting business Once youâve determined that your business makes sense, youâll need to legitimize it. How your business is run will impact the type of grooming equipment you will need. Get up to $50,000 in Microloans or Grants, Get up to $250,000 in Business Credit Lines. However, after ponying up for product, fulfillment, office management, insurance, and the myriad other expenses required to run a business, the net revenue will be considerably lower-and maybe even minuscule. In the Pet Businesses start-up guide, you'll find the advice you need to start one of five different types of pet-products and pet-service businesses that are in demand today: pet sitting/dog walking, dog training, pet grooming, pet-food sales and upscale pet products. If you generally care about animals and helping bring the joy they provide to others, opening a pet store can be a rewarding venture. In 2004, we spent $34.5 billion on our cats, dogs, birds, fish, horses and other pets, according to the American Pet Products Manufacturers Association (APPMA). The loving touch of a groomer can calm a skittish pet, reassure a frightened pet, and make a well-adjusted pet wriggle with pleasure. 5. But it's actually more common for dog walkers to offer additional services, including playing with and feeding pets, bringing in newspapers and mail, and turning lights on and off. Each of these businesses can be started as homebased enterprises with a fairly low financial investment. Or have you ever considered buying a sweater for your horse, some galoshes for your cat, or some Armor All for your armadillo? Pet owners spent an estimated $47.7 billion in 2010. Itâs a good idea to put a lot of thought into your pet storeâs name and with this kind of business, you can have a lot of fun doing so. So you have to be able to talk to them kindly, deal with them patiently and reinforce their behavior-then do the same with their furry friends. If dogs, cats, and other household pets are a passion for you, and you have the proper training or are willing to invest in getting it, this is a great way to earn money doing what you love. You can either operate from your home or retail space, or set up a mobile grooming service. In 2005, that figure is expected to jump by another $1.4 billion, continuing a decade-long trend of pet-spending increases. Stay informed and join our daily newsletter now! Start a Dog Walking Business Dog walking business is yet another thriving and profitable pet related business that an entrepreneur who is looking towards starting a business should consider. In fact, the outlook for pet sitters and dog walkers has never been better. From business to marketing, sales, finance, design, technology, and more, we have the freelancers you need to tackle your most important work and projects, on-demand. Just like David Marcks, founder of Geese Police, you too can earn a living from your pets., you too can earn a â¦ But ever since Hollywood starlets started carrying their pooches around in designer bags and tucking them in to sleep under silk comforters on custom-made beds (and getting press for doing so), the upscale pet-products industry has exploded. Get heaping discounts to books you love delivered straight to your inbox. Not all these households have designer pet strollers on the driveway or marabou-trimmed beds in the master bedroom, but enough people were buying products to pamper their pooches and kitties to make the pet-supplies industry a $5.86 billion market in 2003. For just $5 per month, get access to premium content, webinars, an ad-free experience, and more! Demand for pet groomers is expected to rise 12 percent by 2010, according to the U.S. Bureau of Labor Statistics. They bring us joy, they love us unconditionally, and they even lower our blood pressure and give us a sense of well-being. But you might be confused about how to start a pet store or if it is the right decision for you. Start-a-Business 101 is the fastest and easiest way to learn how to start a business and become a knowledgeable and successful entrepreneur. Some of these business owners choose to manufacture the products they sell, which you'll find out later isn't as difficult as it might seem. Here's how to collar some valuable publicity at low or no cost: Good StockNow that you're on the way to selecting a suitable location for your pet-products business-either brick-and-mortar or virtual-it's time to give some thought to the products you'll be ordering to stock the shelves. The field is wide open, so now is a great time to jump in with both paws.uh, feet! All you need is a merchant account to accept credit card payments or a PayPal account, and you can ship products all over the world. By specializing in one type of product, you can keep the store fairly simple (basically, four walls with shelves). "The strong growth in the [pet-care] industry demonstrates what an important role pets are playing in the lives of Americans," says Bob Vetere, APPMA COO and managing director. You can do that by hiring an agency or by getting marketing savvy yourself and putting what you learn to work. Whether you should do so, too, depends on how much you can afford to sink into your inventory and how much room you have to stash the products until they're purchased or shipped out. When she started her business, she was a working mixed-media artist who had artwork in galleries around the country. Before you start a pet business, do the research and work through a business plan, just as you would for any new business venture. But if you're a committed pet lover who believes there's a need for what some may consider fripperies, this is an industry in which you can make a good living. And if you're working out of your home rather than a brick-and-mortar facility, you pocket the rent money as well. And all of them can be launched and run successfully by the owner, without any assistance from employees-at least until the time comes when you want to grow and expand the business beyond what you can personally handle. As the pet market continues to grow in America, this is a great time to start your own pet related business. The planning process is an important step in determining if your pet business idea will be a success. Dog trainers will tell you that you're not just training the pooches-you're also training the folks who live with them. Dog Walking Insurance: Where and How to Shop for It Pet Business â¦ Copyright © 2019 SBB Media Group | All Rights Reserved. It takes time to develop your market and get the word out. A pet photography business can be a great side gig or a business venture all on its own. There are many great advertising options for a pet bakery business. They also need the same kind of patience and good humor when relating to pet owners, so a general love of humankind is a necessary trait for a groomer. Or more likely, you'll put that money back into the business until it's on stable ground. National Dog Groomers Association of America Inc. American Pet Products Manufacturers Association, Association of Professional Animal Waste Specialists, The Canadian Association of Professional Pet Dog Trainers, The International Society of Canine Cosmetologists, National Association of Dog Obedience Instructors, The National Association of Professional Pet Sitters, National Dog Groomers Association of America, The Professional Dog Walkers Association International. Your email address will not be published. To help you write your pet shop plan, The Start Up Loans Company has developed a free business plan template â you can download yours from this page. If your focus is on a single kind of pet like dogs, you’ll have more leeway on location since opening in an area where young couples/professionals live and work could prove lucrative as dogs are popular in those circles. Advertising is a bit of a catch-22 these days. There’s a lot of choices out there when it comes to where to do pet shopping. Upscale Pet ProductsThe urge to splurge on pet clothes, toys and other goodies has been around for a while now. 7 Key Components of a Successful Business Plan, 5 Start-Up Marketing Tips for a Logistics and Freight Company. In addition to having a true love of animals and enough physical strength to lift big boys and girls onto grooming tables and into tubs, groomers must be behaviorists who know how to handle biters and scratchers. "If you want to take a salary immediately, the amount you take has a direct relationship to how much you want the business to grow," she says. Pet stores across the US pull in roughly 20 billion dollars on an annual basis. Benesh, for instance, shelled out just a few thousand dollars for a "juiced-up laptop," as she calls it, and basic office supplies and equipment (including a color printer/scanner/fax machine). If you fail at opening a pet store post-launch, living thing’s lives could be at stake. As with a pet-food business, it's possible to sell products to the public entirely through a website. Think about what you can offer that other local companies canât. And you don't have to be a budding retail magnate to need this information: All you dog trainers and pet groomers also may be interested in this information if you would like to sell retail products from your mobile "field office" or a retail area in your grooming salon or training facility. The Census Bureau doesn't capture information about how many of these establishments are internet-based, but you can be sure that no matter how many there were then, the number is growing now because an online store is such a cost-effective way to start a pet-food business. The rent in the locations may be very pricey, but it will be worth it when you reach people with a lot of discretionary income and the desire to lavish it on their best friend(s). If you find it difficult to open a day care or even training a dog then you can always sell clothing and other pet accessories. These prices should be based on an equation that takes into account all your expenses, from materials costs to packaging. Benesh, for example, takes just a small salary because her company is still in a growth curve. Spending across all sectors, from pet food and veterinarian care to toys and treats, reflects what lengths we are willing to go to for our pets.". Petgroomer.com, the industry's largest internet resource, reports that career opportunities are nearly endless because there are more than 4,000 dogs and cats for every U.S. grooming business-making this a great time to be considering this field. Purchase liability insurance and a dishonesty bond, and be certain your automobile insurance coverage is up-to-date and will cover any transport of pets that is needed when you are caring for them. If you want to start a pet photography business, start by establishing a studio and getting the right equipment. As a professional pet sitter, you will care for people's pets while they're away, either for the day or for longer periods of time like during vacations or business trips. Not to say that you can't depend on your business for a salary. Another entrepreneur launched her business with a loan from the SBA for $45,000, fortified by $5,000 of her own savings and $5,000 from her brother and sister-in-law-and she could have used more, she says. As pet ownership grows, businesses for and about pets have grown tremendously in the past decade. Due to online competition, few pet stores are able to run successfully just by selling goods and animals. When you think back to your childhood, is there a warm and fuzzy memory of a four-footed or winged companion in whom you confided your deepest secrets? But you donât need a degree to become a pet groomer and the cost to start a pet grooming business is relatively small. Prepare to Become a Marketing Guru Thereâs a lot of choices out there when it comes to where to do pet shopping. Read on for a look at the five types of pet-care businesses discussed. One of the entrepreneurs interviewed for this book says her startup inventory costs were $500,000, which included manufacturing, etc. While vast differences in pets, clients and assignments mean there is no one way to run a pet-sitting business, some common practices can help you get your pet-sitting business off to a good start. While the money might not be the greatest, there still are many benefits to owning and operating a pet-grooming business. If you love animals and want to be your own boss, you may dream of having a pet store. In addition, groomers are often the first to notice that a pet has a skin condition, ear mites or other medical issues that should be brought to the attention of a veterinarian. The type of dog grooming business you start depends on how much flexible time your own life requires. According to statistics from the U.S. Census Bureau, there were 15,890 pet and supply establishments in 2001 (the latest year for which data is available), with sole proprietorships numbering 7,945. This is why it's not unusual for startup entrepreneurs who have working spouses or significant others with health-care benefits simply to plow all this revenue back into the business for the first couple of years, which gives the business the best chance of success. Pet GroomingFrom bathing and clipping to tying bows and cleaning ears, the nation's approximately 50,000 to 70,000 pet groomers do more than just change pets' appearance-they also make them feel better both physically and psychologically. And while there are no statistics available specifically on the upscale pet-products industry, it's safe to say that the people who are selling these products are taking a big bite out of that prosperous market. While a background in psychology can be helpful, a true love of both people and pets and a desire to help them goes a long way to ensure success in this career. "), or in an exclusive mall. For example, things like dog bathing stations and obedience training can do wonders for your bottom line. A pet cremation business, or âpet lossâ business, is a lucrative funeral market and brings huge earning potential, especially as pet funerals continue rising in popularity. Use social media and community marketplaces, such as Care.com, to promote your services and engage clients. Others, like Diane Burchard, the owner of Paws-Worthy Emporium & Deli in Santa Fe, New Mexico, depend on other income to make ends meet. Market research company Business Communications Co. predicts that by 2008, pet supplies will be a $7.05 billion industry, with an average annual growth rate of 3.8 percent. Your email address will not be published. Start a pet portraits business by following these 9 steps: You have found the perfect business idea, and now you are ready to take the next step. You can charge pet owners a monthly fee and send them a box each month with various items for their pets. Insurance: Weâll start with key pet business industry fundamentals like how big the market is, what the key segments are, and how revenues and profits are generated. If youâre looking for guidance on starting a shop but pets arenât really your thing, take a look at our more general, comprehensive guide to opening your own shop here . Despite the proliferation of upscale pet products, this really is an industry in its infancy. That all becomes pure profit. So until then, it's really important to have a nest egg equivalent to six to 12 months of living expenses available to carry you through those lean early months. Costs to Start a Pet Boarding Business The cost to start a pet boarding business will depend on the businessâ size and location. Obviously, you won't spring right from the box earning that average $2,600 per week. Dog Clothing and Accessories The dog clothing business is an extremely viable market waiting to be You can send out flyers, catalogs, and postcards. There is more to starting a business than just registering it with the state. You can leave these items, along with a business card, at various pet-related locations such as dog parks, pet stores, and veterinary clinics. This site uses Akismet to reduce spam. If youâre looking to start a pet sitting business, youâve come to the right place since weâre going to show you exactly how to do it. There are a number of tasks you'll have to undertake on a daily basis to keep the business running smoothly and efficiently: Setting PricesIf you're manufacturing your own products, you'll have some control over the prices you charge. Benesh, who started her Columbia, South Carolina, company in 2002, suggests looking at your costs, seeing what other companies are charging for similar prices, and splitting the difference. With pet cremation and funerals becoming more common, the âpet lossâ business is becoming more lucrative with few barriers for entry. Upscale pet products run the gamut from the sublime to the sometimes ridiculous. While there have always been a lot of companies that sold pet products, as recently as 2001 there were very few companies offering upscale pet fare. And you'll have plenty of products to choose from. But if you're purchasing products to resell, your retail prices will be based on the cost set by the wholesaler or supplier, plus a markup that covers your business costs and profit margin. "I know I won't run out of inventory, and I always know what the quality is like. Anyone can create a business website along with some To make sure that locals choose your business, make it a point to invest in marketing. She has a Bachelor of Science in Computer & Information Systems from the University of Detroit Mercy and is currently a student in the Master of Entrepreneurial Ventures program at Central Michigan University. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. Your initial investment should include the following: Vehicle - Large enough to fit several crates and easy to get in and out of for those animals that have difficulty getting around. There are ferret hammocks, faux mink dog blankets and cashmere sweaters, Halloween costumes and Santa suits, and plush beds shaped like Faberg eggs (the latter is the charming creation of one of the entrepreneurs interviewed for the Pet Businesses start-up guide). Pet sitters play with their charges, feed them, brush them, and possibly give them medication or injections. As you no doubt know, we Americans are in love with our pets.