Temporary retail options seem to capture the imagination too. Some 39 per cent of people are inspired by their success. Food pop-ups were the most popular choice for budding entrepreneurs – at 30 per cent, followed by drink at 18 per cent, art and crafts with 15 per cent, fashion at 12 per cent and jewellery at 11 per cent.
Twin sisters Tida and Lisa Finch started a fashion and accessories label after graduating from art colleges – working full-time on the brand, selling through a website and some boutiques. They told The Telegraph that pop-ups had become a great route to boosting their finances and providing a way to interact and hear feedback from customers.
In the first month, it brought in about £2,000, “which was surprising as we had just launched the brand and were relatively unknown”. Their jewellery has since been worn by actress Mila Kunis and singers Florence Welch and Rita Ora.
The sisters mentioned the location of pop-ups as being particularly important – selling their designs at a shop in Piccadilly was a particular hit for the pair.
EE is hoping to provide support for those looking to follow the temporary retail route, as its research suggested nearly a third were concerned about not having the right technology to realise their ideas, as well as worrying about finding the right space for the shop.
It is supporting online marketplace Appear Here’s “Space for Ideas” competition to find and assist the UK’s next pop-up entrepreneurs, with winners receiving retail space in London for two weeks as well as £3,000 to build out the pop-up store.
By Rebecca Smith
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.