Overview

This essay sheds light on the top reasons why you should never invest in opening a street vendor business. Moreover, the advantages and disadvantages of being a street vendor business owner are elucidated in this essay. Moreover, how to make the money in order to afford to buy your own street vendor business is delineated in this essay. There are a myriad of reasons as to why you should never invest in opening a street vendor business. First and foremost, as a street vendor business owner, you will be exposed to adverse weather conditions. This is problematic since the ramifications of always being frequently outside in inclement weather conditions can be life threatening. You will suffer much from being exposed to adverse weather conditions and will have to brook excessive rays from the sun as well as rain. If you are a vending business owner and have an altered immune system then you will easily acquire diseases and infections, such as colds and cough ( Street Vendor Business, ). Additionally, your customer base will dwindle when weather conditions are unpleasant or calamitous. The street vendor business owner renders themself vulnerable to frost bite, the flu, colds, viruses, heart attacks, cold sores, and dry skin by remaining outside during frigid weather conditions. Second, you should never invest in becoming a street vendor business owner as a result of the street vendor industry being fraught with layers of bureaucracy which can easily cause your street vendor business to become defunct. For instance, you will need to spend an exorbitant amount of start up costs on procuring licenses and permits to become a street vendor. In Miami Florida for instance, you will need approximately 9 licenses and permits just to sell oranges as a street vendor. Once you have obtain the requisite licenses and permits to become a street vendor in your city you will be subject to abiding by a copious amount of stringent street vendor codes that can result in thousands of dollars in fines if you do not meticulously follow by any of the codes. For example, in New York City, you can potentially be fined thousands of dollars as a street vendor by consistently operating your business 9 feet away from a crosswalk instead of 10 feet away. These exorbitant fines can easily cause a street vendor to become indebted and defunct. Fines are notorious for having caused a copious amount of street vendors businesses to become defunct. Third, you should desist from ever investing in opening a street vendor business due to the street vendor market being highly oversaturated with competition. This is problematic since other street vendors already have acquired the local market share and it can be extremely cumbersome to win over customers from other street vendors, especially if your product offerings are homogeneous to your competitor's product offerings. When a market is oversaturated with competition, it is a telltale sign that you should not enter the eminently competitive market if you cannot offer anything unique and innovative as part of your product offers. Street vendors face neck to neck competition ( Street Vendor Business, n.d.) from ample competitors being located on the same block as them. Moreover. finding the optimal business location can be extremely arduous since the desirable locations have already been taken by established street vendors. Fourth, you should desist from ever investing in opening a street vendor business business due to its high start up costs. In stark contrast to operating a drop shipping business on Shopify, you will need to buy all your inventory in advance and obtain far more licenses and permits than you otherwise would as a store owner on Shopify who leverages drop shippers to fulfill orders. In addition to having high inventory costs, you will also pay an exorbitant amount to obtain the required licenses and permits to operate as a street vendor. Moreover, you also need a truck to transport your products daily.

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