Kpop shops are becoming the latest places of interest, primarily for youngsters. Teenagers are extremely excited to hear the names of K-pop artists.
From mugs to dresses, the BTS theme is everywhere. In London, we can also find a high demand for K-pop shops. This is a popular niche, influencing millions of customers worldwide.
Moreover, budding entrepreneurs are favouring this business a lot. K-pop shops are a treasure chest for BTS fans.
This Korean band is the talk of “every country” today. The incredible voices of the band members and their personalities are the reasons behind such a big fan following.
Are you interested in opening a K-pop shop in London? This guide will simplify your efforts. It will help you to understand the necessary formalities to accomplish your objective.
Kpop Shops Are The Latest Attractions in London
K-pop merchandise is varied and many. Therefore, if you are launching your K-pop shop in London, please ensure that you keep all the compelling items in demand.
There is a plethora of such articles at the top K-pop shops in different cities of the UK. However, if customers are looking for something in particular, they have to check the websites.
To open such a shop in the capital city of London, you need to know the demand for certain items and current trends.
Mostly, the places with a heavy Korean population have such shops. You can choose that kind of area, or pick an offbeat location, that attracts the British locals also.
Various categories of people have spoken about the rate of popularity of K-pop shops in London.
More than 37.6% appreciated the shops and exclaimed that they were popular. According to 23% of respondents, they are very popular.
However, 28.6% of the population considered that K-pop shops are popular only with a certain group of customers. This was according to the reports from Statista Research Department.
Primarily, the Kshop Shop London is a phenomenal place of interest for the Korean people living there. However, BTS or Kpop is now not limited to their home country only.
Today, the whole world is buzzing with the songs of the BTS band and collecting interesting stuff. Therefore, K-pop shops are a paradise for BTS lovers.
Some of the top names in the list of London’s Kpop destinations are:-
- Seoul Bakery
- SoKollab
- H-Mart
- OSEYO
- HMV, etc.
Of course, this is not all. You find several other incredible shops offering unique and attractive K-pop items. From the albums to authentic Korean delicacies, you can expect several amenities here.
Therefore, you need to check out the best items you can keep in a Kpop shop in London, and begin the exciting journey.
How to Start Your Own Kpop Shop
The steps to starting a K-pop shop in London are pretty easy if you have the determination to start this business. However, a thought of one morning will not fulfil your desires.
A shop offering K-pop commodities will be famous in a locality when you are aware of their magic. Indeed, this generation finds K-pop products to be a sensation.
The popularity of BTS is unbeatable in almost every country of the world. London, being one of the most stylish hubs of entertainment, undoubtedly gives you many opportunities.
Understand the K-pop culture well before setting up the shop. I am here to guide you in this matter.
Indeed, opening a K-pop shop in London is a fantastic business idea. However, you must execute properly to have the highest benefits. Your primary focus should be satisfied customers.
Irrespective of your age, you must be able to fulfil the wishes of K-pop fans. After all, you will be their source of happiness.
K-pop items can include any article, like hairbands, pencil boxes, makeup kits, water bottles, mirrors, tiffin boxes, plastic replicas of the band members, posters, pillow covers, bedsheets, and many more.
Along with the physical stores, you can think of being more innovative and digital, too. Open an online shop offering high-quality K-pop merchandise.
This will widen your horizon and let your business reach global viewers. You can get orders from other countries, not only the UK, through the online shop.
Steps of Opening the Kpop Shop in London
The relevant steps in this regard are as follows:-
Careful Planning
When you are sure of opening a K-pop shop in London, you need to do careful planning first. You should have a robust plan before starting any venture.
Without planning, it is not possible to fulfil your wishes. Please get some tips from people who are already in this business. However, you may look for innovative ideas on online portals also.
Market Research
The next step is to do extensive market research. The demand for an article does not remain the same throughout the year.
Therefore, you have to be updated and know about the existing trends of K-pop articles. Among the Kpop articles, BTS-themed products are in the highest demand.
However, it is better to analyze the trends and the competition before you plunge into this new pool.
You can use the latest apps and advanced tools like Google Trends to track the results. This will also help you better understand the tastes of the local customers.
Choose the Merchandise
After you open the Kpop shop, it is now time to decide what to sell. The range of K-pop merchandise is huge. Therefore, pick the best ones which are in demand.
Begin with only a small collection and understand the flow of sales. Soon, you can add more products to expand your business. Your store may offer posters, official merchandise, clothing, cool accessories, etc.
Find a Supplier
You need to connect with a reliable supplier for K-pop merchandise. Ensure that they supply top-quality products at reasonable rates. Do not set too high prices, as that can adversely impact your customers.
Verify the source of the suppliers, as you must aim for the best quality merchandise at all times. You can keep your handmade objects too matching the Kpop theme.
Create a Vibrant Website
The next step is creating a vibrant website. Include your shop’s top merchandise and relevant offers. You can offer special offers to first-time customers or provide gifts.
This will spread your brand’s name among more customers. Furthermore, ensure that your website does not contain any unnecessary content.
Every point should be relevant and arouse interest among the viewers. Use bright colours to attract teenagers more. It does not matter whether you are selling online or offline.
A website will be the ultimate digital replica of your business. So, focus on improving your digital presence and promoting your products diligently.
Legal Formalities
Like any other store, you need a premises license to start your business in London. No additional permits are essential for opening a K-pop shop in London.
However, if you are keeping food, then a food license is also essential in this respect. Contact the relevant authorities in the UK to continue your business with ease.
Effective Promotion
A one-time announcement of your K-pop shop’s name will not impact your sales much. Therefore, you need to concentrate on the promotional activities.
You can ask for physical promotions through billboards, hoardings, newspapers, etc. The local people can help you with these activities. You may also consult professional organizations for fruitful promotional activities.
Additionally, you should always use social media to be the best way of promoting your products. Open business pages on Instagram or Facebook, and start speaking about your business.
If you’re having a physical shop, share the address with your followers. Moreover, you may also include evicting images and videos to capture the attention of the customers.
FAQs
What should I keep as the minimum delivery time for Kpop items for online customers?
Usually, you can keep the delivery time to 1 to 3 working days.
How much capital should I need to open a K-pop shop in London?
The amount of capital depends on the size of your store and what items you keep. If you are selling online, then the rent will not be there.
An estimated cost of £1,00,000 should be the starting amount, like any other shop in London. However, it will vary according to the varieties of K-pop merchandise you sell.
Conclusion
I hope this article gave you insights into the top ways of opening your K-pop shop in London. Check out the high-demand products and decorate your shop accordingly.
Moreover, the entry of the Kpop store must reflect what products you are selling. Add bright colours with posters of BTS members to attract more visitors.
Want to start this business quickly in London? Follow the steps I have shared, and you will grow faster than you expect. Indeed, find out the customers’ needs, and strive to provide them with the best products.
