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)
HOW TO START
Learn the basics of how to start a clothing business with checklists
HOW TO BUY
Use these tips & get the most out of your inventory dollar
FUNDING OPTIONS
Learn ways to find funding sources for your inventory and other expenses
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".
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.
BUILD A SITE
Links to the best ecommerce web hosts for small business
DROP-SHIPPING
Learn the pros and cons of starting a drop-shipping business
MARKETING
Learn techniques and get tips on marketing your business
PLATFORMS
Learn about alternatives for selling your clothing without a website
BRAND DESIGN
Get tips and free tools for creating effective business materials
TIMING
Learn how timing impacts expense and the rate of return
PROS & CONS OF SELLING RETAIL
