Planning Ahead in a Clothing Store Business
Many have said that in among all kinds of businesses, a business that involves clothing is the easiest, most manageable type of business. A retail clothing business is one of the most popular trends in this industry so as wholesale clothing business. Since you came here to look for some tips on how to start a clothing retail business, I’ll give you just that. Here are some things that you should plan ahead before opening your clothing retail business:
Important elements in retail clothing business:
Location
Theme
Stock and Inventory
Supplier
Location
In every business that involves selling to the public, location is most important. Location dictates almost 70% of the success of this kind business, especially on a clothing retail business. It works like this; let’s say that your retail clothing store has all the collection of clothing line you can ever have. It also has the best interior and exterior design, the best ambiance or atmosphere, and the most talented manpower you can ever have. The problem here is, people can’t get to you because your store is nowhere to be found. Although marketing and advertising can get you the customers you needed, sticking to the basics is still the most appropriate way to get customers to visit your store.
Your chosen location must have the following classifications: visibility, affordability, and the lease term that you can handle. Finding these places is quite hard. But if you want a place that can provide you with the foot traffic that you needed, then the best place would be on shopping centers and/or on malls.
Malls and shopping centers are the perfect place for your business. The only things that you should consider about these places are competition and cost. These places may offer you the foot traffic and the visibility you need but then, these places are also jam-packed with competitors of which are veterans in running this kind of business. Also, setting up your business on these places, especially on malls, is pretty expensive. Those that set up business on a public setting such as malls are those with businesses outside of this place, or those that have the appropriate capital for renting a space in this place.
So take some time in making studies and research on the place you want your store to stand. Remember that shopping centers and malls aren’t the only places where people usually hang-out. Observe and make some studies on several places where foot traffic are very abundant. You might be lucky enough to set up shop on a highly populated place with minimal competition.
Theme
The theme of your clothing store business is also important. Now may not know these but there are several types of clothing stores out there. There are those that specializes in bridal or wedding gowns, business clothing, casual wear / rough gear / street clothes, children’s wear, couture, formal wear, lingerie, maternity store, men’s wear, special size (petites, plus size, tall, etc.,) sports wear / active wear, teen gear, women’s wear, and so on.
The name of your store is also important. Think of a name that goes perfectly with your theme. It’s quite awkward to name your store “The Holy Matrimony†when all that you sell is maternity dresses. But don’t just think of any name. Think of a name that really makes an impact to those who read it. It’s more appropriate to name your store which can easily be remembered by people who are just passing by.
When it comes to competition, make your theme unique from others. This is done so people can distinguish your business as an individual, which is unique from other clothing stores.
Top quality wholesale clothing lines are what Seven Wholesale can provide their customers. Learn more of what Seven Wholesale can provide with their collection of wholesale clothing lines.
Stock and Inventory
Among the most time-consuming and expensive part of planning a clothing retail store is planning about your stock and inventory. Don’t take this for granted. If you’re the brain and head of your business, and the location of your business serves as the body, then the stock and inventory is the heart of your business. This is where you’ll be making your money. Take some time and make some research on the hottest trends in fashion clothing.
Visiting some online catalogs, Source : onclick=\"javascript:_gaq.push([\'_trackPageview\', \'/outgoing/article_exit_link\']);\" http://www.sevenwholesale.com wholesale clothing marts, and online wholesale clothing shops can give you information on what people are currently wearing on the streets or on formal events. Talking with experts can also provide you some information on handling this kind of business. This is also a good chance to learn on their mistakes and failures, so the next time that you encounter what they’ve encountered, you’ll be ready.
Choosing on your stock and inventory may be a bit boring for some or fun for others, but remember to maintain a general theme and purpose for your products.
Supplier
The name pretty much says everything, your supplier. Suppliers are your source of power, like the sun for superman and the ring for the Green Lantern. Those s are your source of power. Without them, your business would be empty. Finding these s may seem hard, but if you check the internet, you’d be surprised of how many suppliers are out there, Seven Wholesale is one of many. Just key in “wholesale clothing†on Google or Yahoo! and you’re on your way.
But if you want a professional way of getting these s, then a trade show or trade magazines are the perfect places for you. In a trade show, you’ll find business men and women going out to get some of the latest trends in business. This is an event where it gathers together different people in the same industry. Wholesalers, distributors, dealers, and retailers just like you are common on these spots. This is a great chance for you to build a network of potential suppliers and hopefully find just the right product source.
Trade magazines, meanwhile, can be an inexpensive way to find companies with which you want to correspond. Scour them frequently for mentions of any companies that might offer the products you need, then try to find out whether they\'ll be exhibiting at any upcoming trade shows you can attend.
Now, these guidelines are there only to serve as your guide to starting your own clothing retail business. There are other issues such as personality issues that you should check before planning your business. These things are important in starting your own business, not just for clothing nor any other retail business, but to all kinds of businesses. The success of every business depends greatly on how good the owner handles it.
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Here are some questions that I would like to ask you before planning on those things.
Are you Experienced enough?
Experience is the number 1 factor that contributes to the success of any businesses, particularly with a clothing store business. Through your experience from a previous work or from managing other line of business, you’ll be quite ready to face different difficulties ahead.
Are you the Risk Taker?
When you’re starting a business, you should be ready to face certain risks in your business. Any kind of businesses entails risks; risks in which you will have to face in time. Risks are there not as a road block, but as an opportunity to learn and to grow from. Taking risks is part of every businessmen or women’s business life so if you want to succeed in your end, then you’ll have to learn to see risks as a challenge and not as a road block.
Are you the Competitive type?
In this line of business, your competitive skills will be tested over and over again. As I’ve said earlier, in choosing your location, you should take into mind the competitors around your location. As much as possible, you should stir clear away from big branded clothing stores and from places where competitors of the same niche are all over place. However, if you want to compete against these s, here are some tips that you can use against them:
Check out what they provide. Observe what they can provide and cannot provide, this way you’ll know what products you’ll have to target.
Pay attention to the demographics in your area, the location and available foot traffic, to television and movies and what people are wearing on the street. This way, even when there’s a mall over there; people would visit your shop instead.
A good sense of competitiveness can go a long way in this line of business. Always remember that People can get everything that you sell at their local mall, so you have to set yourself apart other ways.
For supplier services in a retail clothing business, Seven Wholesale’s wholesale clothing collection can provide more than its fashion and its styles. More information about Seven Wholesale’s wholesale clothing collection on Source : onclick=\"javascript:_gaq.push([\'_trackPageview\', \'/outgoing/article_exit_link\']);\" http://www.sevenwholesale.com www.sevenwholesale.com
Source : (http://www.articlesbase.com/fashion-articles/planning-ahead-in-a-clothing-store-business-614774.html)
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