I think by now everyone is aware that I am in the baby business. I own an online baby boutique that has been steadily growing. According to an article in the Arizona Republic baby-centric businesses were worth $8.9 billion last year and could be stronger this year (Juvenile Products Manufacturers Association).
Last year, the National Independent Nursery Furniture Retailers’ Association Inc. had a sold-out trade show, boasting 1,200 exhibitors of juvenile-product industry stores and services. More than 300 of those exhibitors were first-timers, according to the representatives of the association.
Even baby “swap shops” or consignments shops are gaining in popularity as well.
If you are thinking about starting a new business then you may want to start with babies. But keep in mind what’s more important than following a trend. Is doing something you LOVE to do.
Read the complete article on The Arizona Republic, Baby businesses see no downturn.