With the current development, there should be no limitations to information on business one can start. I am going to guide you on how to start a clothing business with buying wholesale anywhere you may find yourself
The basic necessities of man in life are Food, shelter and clothing. As clothing is one of the basic necessities, everyone wears them irrespective of their gender, age, level, class and size.
This, therefore, makes a clothing business a fast selling one, because it is needed by everyone and you will make lots of money from your many sales when you start one.
The centre of attraction in both males and females is the way they dress, there is an adage ” The way you dress, is how you will be addressed”.
This means the way you dress speaks a lot about you, therefore you have to dress well in order to look classy and attractive.
The cloth you wear will determine how attractive you will look, this, therefore, makes a clothing business a nice business to start up because both males and females wear beautiful clothes, if you start up a clothing business you will be patronized by a lot of people irrespective of their gender and you are to make a lot of money.
There are a lot of clothes in the market in different types, sizes, qualities and colours. There are types like:
- The already-made clothes
- The Nigerian-made clothes
- The OK clothes
- Turkey wears etc.
These clothes are all nice, but it depends on the one you want to start selling, which also determines the amount you stand to gain when doing the business.
A lot of people have gone into the clothing business with buying wholesale without fully knowing how to run the business. This has caused lots of downfalls and wastage of money, but having the right platform where you will receive correct information on the process it needs to pass through to be successful.
For this course, I will be taking you through how I was able to run my clothing business to a point that i do not need to do more advertisements.
Writing from experience, the clothing business with buying wholesale is lucrative because you are buying less and selling high. Getting the right types of clothes for sale is also important because that determines the amount of income you stand to make.
How To Start a Clothing Business With Buying Wholesale
the first step to consider before starting up a clothing business, is how well you know the business.
Of course, you cannot venture into something you know nothing about. Complete knowledge of clothes will help to distinguish between the clothes.
For instance, if you want to start selling Ok clothes, the complete knowledge about clothes will enable you to know Ok clothes when you see them and not to buy Nigerian-made clothes, thinking it is Ok clothes.
Complete knowledge of the business will also enable you to know how much to buy the clothes in order to make a lot of profits, but in a situation where you don’t have any idea about the business you might be cheated in the market, you will buy the clothes so costly and at the end of the day.
You might sell the clothes below the cost price or exactly the cost price, which will lead the business into folding up.
So you have to know if not everything but at least a lot which will help you venture into the business and run not only a smooth business but also a successful one.
Also having complete knowledge of the business will enable you to know to get these clothes at cheaper rates and of good quality, this will, in turn, make you a lot of profits and make the business a smooth and successful one.
So having good knowledge about the clothing business is a very good one because it will enable you not to make mistakes that will affect the business and ensure you run a smooth and successful business.
1. Legalise Your Clothing Business
First of all, for a business to run smoothly, legal work has to be done to protect the business and attract customers that would patronise it.
In each area where your business is to be done, you need to register your business there so you will be known, failure to do this will bring you lots of failures set back.
Many will be wondering if it will not be great just to rent a space, decorate the place to our test, buy our clothes and start selling them to people, if it is done that way everyone would love to start own clothing business anywhere the find their self.
Before you spend any money on importing the clothes in whole, make sure you legalise your business first, register it with the local government, let the business be legalised then you can proceed in other things like renting a space, adoration and painting.
After registering your clothing business, you need to also acquire the license which will enable you to sell your clothes in what’s ever are you have chosen to do your business. You may also need a building permit if you want to rate a good building for your clothing business.
Get your Tax ID to enable you easily pay your tax, pay the necessary fee needed for your to start and make sure all the documents that prove your payments are acquired and validated.
2. Make Your Capitale Available For The Business Startup
The money available for start up ( capital) is the second factor to be considered when you want to start up a clothing business. Because it is the amount of money you have that will determine how big the business will be.
You cannot have just 50k and be expecting your business to be exactly like the way, one who has 500k’s own looks. Because firstly with 50k you cannot rent a shop and also start up a business with just 50k, but there is a way you can go about it.
Let me share my experience on how I was able to start up a clothing business with 50k.
Firstly I had a good knowledge of the clothing business so I knew what I wanted the line of clothing I wanted to go into and that was already made clothes.
I didn’t have money to rent a shop because I just had 50k to start up with (capital). So I sold the clothes online, I just had to snap pictures of the clothes I had and post them on social media platforms ( WhatsApp, Instagram, Facebook etc.).
I was able to make sales and deliver my goods to customers in different locations. I made a lot of money and after some time I opened a boutique and the business continued to run smoothly and successfully.
3. Choose a Suitable Clothing Niche
Choose those they want to target. You can not start with selling clothes for gender and age. You can choose to start with men’s clothes, female clothes or children’s cloths.
It is necessary to loom around your environment, some environments will favour those selling men’s outfits more than females. After establishing a niche for your clothing business, you can proceed with buying them.
A typical example of niche failure is when you sell clothes that are specifically designed for tall people teenagers in an environment where the majority of people there are short. In this scenario, you won be able to make sales because those you are targeting are not within your vicinity.
To build a successful clothing business, carefully study your niche of choice, make the necessary enquiries ask questions and understand the kind of people living in that environment where you wish to start your clothing business.
4. Male a Website For Clothing Business
An easy to navigate website is necessary for your clothing business, I can not emphasise less the importance of having a website for your business.
In each business I launched I will have a website dedicated to it, this strategy has helped me reach many people, there are some customers of mine that I have not come in contact with for the first time. The get to know my business through my responsive websites.
There are lots of benefits your clothing business will stand to get when a website is created for it, such benefits can never be overlooked, and you have a higher advantage over your competitor who only focuses on the offline sales they are making. The following benefits will be added to your business when having a website;
- You are sure to make online sales.
- Those interested in buying from you can easily contact you.
- You can easily showcase your new designs
- You expound your business beyond offline
- You will get customers all over the world to see your business
Getting a website shouldn’t be something difficult for you to do. You can visit this page to learn how to create a free website for your business.
5. Provide a Payment Method For Buyers
Providing various payment methods for your buyers is very important. You should have an online system of payment so your buyers who do not have cash won’t be worried about purchasing from you.
Adding card, POS, Wireless and Transfer payment methods will add extra value to your business. Include this payment method into your website so those who wish to purchase through the internet can easily do that.
Making sure you use a reliable bank that offers both online and offline banking is very important, you wouldn’t like to delay your customers who are waiting for the payment confirmation.
6. Start Importing The Cloths From Wholesale Companies
importing this clothes will help you to make more money than buying it in the market. In countries like turkey, china, Dubai etc, this clothes are very cheap over there. For instance a cloth that you buy there $3, you can sell it here in Nigeria for $15, y that is alot of money. The good part of it, is that you can start importation with any amount you have.
All you have to do is to get a reliable online, make payments and the give them the samples of what you want and the will show the samples of what they have as well, pick the ones you want, make payments and it will be delivered to you after some weeks and you make a lot of money from there.
Importing this clothes is the best rather than buying it in the market because not only that you will make more profit but you will also get more beautiful and quality clothes.
7. Maintain a Good Relationship With Your Whole Sale Supplier
Having a good buyer to seller relationship will greatly improve your clothing business. Imagine a scenario where you need urgent supply from your wholesale supplier when they have to send you the clothes so you can be able to give supply to those who have made their order.
In some cases the wholesale supplier needs to send the goods first before getting their payments, this can only happen when you have a healthy relationship with them.
Having this good relationship have more to do with your end than their own end, you have to be honest, you have to be up and doing, do not try to play smart all the time and always keep your communications professional.
8. Pricing and Profiting
Keep your clothes price at a minimum, do not try to make the while gaining from a single cloth. Doing this will only kill your business and you will end up losing everything.
Do a survey about how much others are selling then reduce your price by 5%, this will not only boost your business but will help you get referrals from people the whole have bought clothes from you.
You have to calculate the expenses you have made in getting the clothes to your shop then calculate how much you will be making from each cloth your sell.
9. Advertise Your Clothing Business
Doing an adverts doe your business will greatly impact your income, you can pay people to adverts it or use social media and Google to promote it.
How To Start a Small Clothing Business From Home