Crystal and spiritual goods shop

Local shoppers, gift buyers, tourists and a loyal community of regular customers who like to see and handle products.

Retail sales at a markup on wholesale stock. Extra income can come from workshops, hiring space to readers and online orders.

• Product knowledge and welcoming customer service
• Buying stock and managing inventory
• Visual merchandising
• Managing rent, wages and cash flow

• Rent and a lease are a big commitment, so read lease terms carefully and get advice before signing
• Check with your local council about shop fit-out, signage and any approvals for the premises
• Public liability and contents insurance should be checked, plus workers compensation insurance if you hire staff
• Avoid health or healing claims about products, as Australian Consumer Law applies
• Check fire safety rules for burning incense and candles in-store
• Stock costs can tie up cash, so start with a modest range

Estimates suggest startup costs are typically around $15,000 to $60,000, depending on the premises, fit-out and how much stock you buy. Starting with a modest range is worth considering, since stock can tie up cash.

Monthly revenue is typically estimated at around $5,000 to $25,000, depending on location, range and how well your online store performs. That is revenue, not profit, so rent, wages and stock costs come out of it.

Check your lease terms carefully, council requirements for fit-out and signage, and insurance such as public liability, contents and workers compensation if you hire. Also check fire safety rules for incense and candles, and avoid health or healing claims under Australian Consumer Law.