We all love fashion. And it’s probably a given that a lot of women (and men!) out there see the fashion industry as a very lucrative one. Especially for women, it would definitely be a dream come true to mix work and play. Imagine getting to see the latest looks and maybe even trying them on for size. So if you think you have what it takes to start a fashion retail business, here are some top tips to help you get started.
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Do Your Research
If you’re reading this, good job! THIS is definitely considered as research. Research the latest trends and terminologies. Browse through established companies and see what they’re doing right. Check out companies/brands that did it wrong and see what they have in common. Even if you’re not a fan of statistics, you’ll definitely bump into a few statistically charged content. It’s not easy, but knowing and understanding the numbers behind the trends could help you avoid disaster in the long run.
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Online vs. Real World Store
Now that you’re dead set on getting started, check out the pros and cons of setting up an e-commerce website as opposed to a real-life boutique. The great thing about setting up a clothing boutique is that you can do so online or offline. Of course, if you do it online, there are fewer risks involved. Setting up shop in real life could prove to be suicidal if you only have a small amount of money. But at the end of the day, even if you’re going for a more traditional approach and decide to set up a real shop, it’s important to have an online presence especially if you want to attract a strong following of customers and interested people. Take note, it’s definitely easy to advertise online!
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Create a business plan. Better yet, create a timeline. Schedule everything. From the target day wherein you should have a concrete business plan set up down to the most minute details. Even if you’re not the kind of person who plans, it’s about time that you brush up on your calendar-making skills. Oh and MS Excel will definitely be your friend!
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Even if you’re just enlisting the help of family and friends, it’s important to give them specific tasks and if possible, specific titles. Name a friend as the designated social media person (very helpful whether you’re setting up shop online or in the real world) and so on. If you can’t enlist the help of family and friends and you have a budget allotted, go hire people and start posting ads. Be clear with your objectives from the very start.
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Establish A Connection With A Wholesaler
It’s important to have a supplier. If you want to sell ready-to-wear clothes that can be delivered to your doorstep, one of your best bets is to check out Wholesale Clothing Factory. Wholesale clothing sellers will definitely be helpful. Although you can source clothes from sellers like, in etsy, it’s important to have a reliable wholesaler who can always provide you with the most up-to-date clothes that will please a wide audience.
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Author Bio: Faith Fajardo is a full-time writer with 6 years of experience under her faux-snakeskin belt. Her main paramour is literature but she enjoys her flings with fashion. Her personal style is vintage juxtaposed with minimalist. She believes that Wholesale Clothing Factory is proof that ‘trendy’ and ‘quality’ can have a wonderful relationship.