Clothes are an everyday essential because no matter what, people are always going to need clothes and fashion designers will always create new pieces. Starting your own wholesale fashion business can be fun especially if you have the proper talent to run a business. The best part about starting a wholesale fashion business is that it is cheaper than launching your own clothing line and designing/creating new clothes; all you need to do is buy clothes from a clothing distributor or manufacturer. The best part as a wholesale buyer is that you buy in large quantities from distributors and manufacturers at a lower price and add your profit before selling to the public or retailers. So, how then can you start your own whole fashion business? Here’s how:
Choose your Niche
Before starting your own wholesale fashion business, you need to have something different to offer in the ever growing fashion industry. Focusing on what you plan to sell, you have to decide if you want to specialize on a specific clothing niche or general clothing for the public. For a specific niche, you will specialize on one area let’s say men’s clothings or female clothings, baby accessories, cruelty free clothing or a specific type of outfit. The problem with having a specific niche is targeting your buyers because not everyone might be interested in what you sell but on the other hand, you’ll be able to focus on one specific area of the market in terms of selling and advertising. Whereas, for general clothing, you’ll sell clothes for everyone regardless of their size, age and gender and your customers will come from all angles making it easier to generate sales.
Have a Business Plan
The next step is to work on your business plan. Every business needs a plan; more so a wholesale fashion business. A business plan will help you determine your expenses, the price of your products, your employees in the long run, your brand, your advertising technique as well as your niche and target audience. You’ll need to work on your business plan constantly till every area is worked upon. The most important part of a business plan is your budget because it’ll determine what you’ll get, your brand, your rent space (if any), deposits to be paid, advertising/marketing, staff (if any), tax, other overhead/unexpected expenses as well as when you’ll launch your business.
Buying the Clothes
After deciding your niche and having a business plan, the next step is to buy your clothes in wholesale. Before buying the clothes, you have to decide if you want to buy from the same designer or try out new brands, if the collection will excite people, and if you’ll be offering something new to the fashion industry; as well as the quality of the clothes. After that, the next step is to locate distributors or manufacturers close to you; you can do so from J5 Fashion, who offer fashion wholesale UK. Ask for price list, buy sample items, speak to the owner to inquire how to order in bulk as well as the quality of their products, their restocking fees, return policy, shipping/delivery ordering deadline and every information required.
Now, you’re ready to start selling. But first, consider the price of your products, your brand, your marketing techniques, your packaging, your delivery technique (if you’re working on an order basis), your store location and new clothing trends for each season. Asides selling in a physical store, you can as well create a website or promote and sell on social media; you can also spread your business through word of mouth by introducing your business to clothing retailers (start with locally owned retail stores). Don’t forget to treat your customers well as they’ll help you promote your business faster than you can imagine
Now, you know how easy it is to start a wholesale fashion business, what steps to take, as well as where you can buy your clothes in from. The most important part of every business is the customers so no matter how good your business is, make sure you treat your customers right and you sell good quality products so your business can grow.