If you have a passion for fashion, you’ve probably considered selling your own clothes. But just because you have a love for fashion, doesn’t mean you know a lot about business.
Either way, this doesn’t need to stop you from cashing in.
Keep reading to learn how you can make money by selling quality wholesale clothes. By the time you’re finished, you’ll know what it takes to generate an income, from your love of fashion.
Let’s begin!
Pick an Angle
If you want to succeed with your fashion business, you should consider focusing on just one specific market.
This might sound likes it’s going to limit your ability to succeed. But in reality, it’s going to do the opposite of that. What it will do, is give you the focus you need to make better business decisions.
For instance, if you’re buying clothes for such a large number of niches you’re going to have to spend a lot of time researching what each market will want. Yet if you’re only focusing on one specific market, you don’t need to do this. Following this, the time you spend researching is going to be less and it’ll also be more fruitful.
To begin with, you might not be sure which market you should focus on.
This is a normal place to be in and you don’t want to overcomplicate things. The best way to approach this problem is by thinking about the markets that affect you. Do you buy a lot of ‘workout’ clothes for example? Are you a big fan of ‘classy’ clothes?
If you can focus on a niche that is near and dear to your heart, you increase the odds of success. That’s because you’ll know what is and isn’t going to be a hit. After all, you have personal experience in the market. Thus if you’re not going to buy it, odds are other people in the same market will not buy it either.
Do You Need a Physical Location?
At this point, you’re likely wondering whether you’re going to need a physical location for your business. This is a genuine concern as a lot of people like to look at clothes and even try them on before they decide to buy.
If you’re going to invest in a physical location, you’ll need to keep in mind that it’s going to eat up a lot of money. If you pick a location that’s cheap, there’s a chance that it won’t be in an area that has a lot of ‘foot traffic.’
This means that there is a reduced chance that someone is going to walk by your store and check out the items you have. But if you invest in a store where there is a lot of foot traffic, you’ll likely need to spend a lot of money on rental costs.
Of course, there’s also the option of running an online store. But just because you’re not paying rental fees, doesn’t mean you’re immune from cost. If you set up a website, you may need to pay a developer to work on the site so that it looks appealing.
You may also need to spend a large part of your budget on taking pictures of the clothes. If the clothes don’t look good then not a lot of people will want to buy them. You probably also need to spend money on marketing, which can quickly eat up a lot of your budget.
Finding Wholesalers
Finding wholesalers so you can source your clothes is a challenge. You’ll need to be careful about who you work with.
Try to do as much research as you can in this stage. Take a look at a wide range of companies in your local area and see what they have to offer. If you can’t find any decent companies in your local region, you may need to branch out a little bit. But as you do this, keep in mind that costs for shipping might increase as a result.
If you’re still struggling to find someone, there’s the option of going online. That’s because there are specialists websites that’ll help you source the clothes you need. In fact, if you’d like to see an example of such a company you can visit this website to learn more.
Before you make a big order with a wholesale clothing provider, figure out if you can take a look at the clothes in question. You want to be sure of their quality and you don’t want to dump a lot of money into items that aren’t going to sell.
If you’re a relatively new company, some wholesalers will be wary of doing business with you. They might not be sure if you can sell all the clothes you’re going to buy, or whether you can buy the clothes in the first place. To avoid wasting time, a lot of companies may just end up turning down your offers for business.
If you encounter a situation like this, be sure to explain to them why your company will succeed. This will help build trust, even if on the face of it, your company looks like it’s not strong enough to sell the required number of clothes.
Ready to Sell Some Quality Wholesale Clothes?
If you have a love for fashion, you should consider selling some quality wholesale clothes. But if you’re not the business type, you may worry about how you can make this happen.
In this post, we’ve taken a look at how you can overcome these problems. You need to focus on a specific market. You also want to be sure you can find a good location to sell your clothes. If you’re not selling in a physical location, you’ll need a website.
Ultimately, you need to have a good relationship with the wholesaler. This’ll increase the odds that the company is sympathetic to your needs, should times ever get tough.
Interested in keeping up with the latest trends? Check out this post to see the top fall fashion trends for 2018.
