LED signs are great products for those wanting to start a business. They are hit among establishments because they are bright, attractive, and colorful. As a marketing tool, these can greatly increase sales by calling attention to a business’s location with animation and scrolling LED displays. Aside from displaying promotions and specials, LED signs can also broadcast business hours and informative messages ideal for schools, government institutions and churches. Should you decide to put up a wholesale LED sign business, here are a few tips to get you started.
1. Start with a business plan that includes an overview of your business, expected profits, and plans for the future. Check out the U.S. Small Business Administration’s website to get research information in developing a complete business plan.
2. Go to your state secretary’s office and have your business registered for tax purposes. This includes requesting for an Employer Identification Number from the Internal Revenue Service to ensure that proper taxes are paid, which will avoid complications in the future.
3. When searching for a location, keep in mind that it should be large enough to store signs, displays, and other LED products. The location should also allow room for expansion. For home businesses, LED sign start-ups can also be operated at home.
4. Financing can be done via traditional banks or loans from friends and family. When applying for a bank loan, your business plan should already be complete and developed as most banks require this during application.
5. Products can be procured from wholesale LED sign suppliers. Most suppliers can be found online. Research products, feedback, wholesale prices, and shipping to get the most out of your supplier. Checking out a seller’s “New Arrivals” or “Bestsellers” will give you an idea of what most businesses prefer for their establishments.
6. Market your business and target local businesses, whether new or established. Have brochures, flyers, and catalogs available that contain some of the most favored and most profitable signage and billboards among customers. Distribute these marketing tools to businesses in your area.
Starting up a sign business is relatively easy when you know the basics. Mega Sign is a wholesaler of quality LED signs for indoor and outdoor use. We have also a wide selection of single, tri color, and full color LED signs and displays. Become a dealer to receive exclusive benefits from Mega LED Technology.
Mega LED Technology is a leading USA manufacturer of programmable LED signs. From our humble beginnings in 2006, our company has expanded leaps and bounds by staying committed to our goal: to provide the highest quality products at the most competitive prices while delivering unrivaled customer service and support.