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SELL RETAIL

BUY LOW, SELL HIGH

Selling retail is the act of buying from a wholesaler, distributor or manufacturer at wholesale prices, to sell to the end buyer at retail prices.  Retail sales can take place in a brick and mortar store or an ecommerce platform (ex: like Amazon or even Poshmark)

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HOW TO START

Learn the basics of how to start a clothing business with checklists

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HOW TO BUY

Use these tips & get the most out of your inventory dollar

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FUNDING OPTIONS

Learn ways to find funding sources for your inventory and other expenses

Retail Inventory Ideas

STARTUP BASICS

 

 

Do Your Research

Before deciding to invest your money in any venture, do your research.  Learn the pros and cons of selling online retail and make an informed decision based on facts and experienced information as opposed to making emotional decisions.

Understand the Market

If this is your first time selling online, you may want to test the waters first.  Using selling apps to gain some experience will help with efficiency and proficiency once you're ready to open your own "doors".

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Choose a Structure for your Business

To start a legitimate business, you'll need to decide your business structure:

Sole Proprietor, A Partnership, a Limited Liability Company (LLC) or a Corporation

 

Do your research to find the best structure for your goals.

 

Open a Separate Business Account

Even as a sole proprietor with a small budget, it's best to keep your expenditures and profits separate from your personal account(s). 

 

This will be a great way help to get a true understanding of your business' current status as well as making tax time a little easier.

 

Your Products

Choose the type of products you want to offer.  Be sure to research the market to ensure what you want to sell is desired by customers. 

 

Don't make the mistake of assuming what a customer wants and spend precious dollars buying items that will only sit in your store. 

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BUILD A SITE

Links to the best ecommerce web hosts for small business

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DROP-SHIPPING

Learn the pros and cons of starting a drop-shipping business

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MARKETING

Learn techniques and get tips on marketing your business

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PLATFORMS

Learn about alternatives for selling your clothing without a website

Design

BRAND DESIGN

Get tips and free tools for creating effective business materials

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TIMING

Learn how timing impacts expense and the rate of return

Retail pros and cons

PROS & CONS OF SELLING RETAIL