You want to open a boutique but you don’t really know how buying wholesale clothing works? Look no further because we’re here to help you out! Here’s a quick guide to buying wholesale clothing for your boutique, so check it out. Just keep on reading and get down to it right away!
First of all, get a wholesale license and register your business
A wholesale license is the first thing you’ll probably need when opening a boutique. It’s because some countries and jurisdictions require a license when it comes to purchasing wholesale clothing. This is particularly true for boutiques that will be making large wholesale purchases on a regular basis. If that’s the case with you, find out how to apply for a license at your region’s department of taxation. Apart from that, you’ll have to register your business as well. This can be done at the department of taxation, too, and it’ll allow you to legally conduct your business. However, if you aren’t really sure what to do, you should better talk to your lawyer. It’s the best way to do everything right and avoid potential legal obstacles in time!
Determine your clothing niche
The next thing you need to do is to determine your clothing niche. It basically means that you should figure out what kinds of clothes you’ll sell in your boutique. So, the first step you should take is exploring the market. This is essential if you don’t have a preference yet. It’ll help you understand what you want to go for and which market is under-served in your area. Once you figure that out, you should look for a way to fill that niche. For example, if there’s a shortage of elegant women’s dresses on the market, you should definitely stick to that niche. All you have to do is to get fabulous wholesale bodycon dresses and come up with a fantastic offer for women of all ages. Needless to say, studying your market will undoubtedly shape your business and help you find the best solution in the long run!
Find a trusty wholesale clothing distributor…
Finding a trusty wholesale clothing distributor is one of the most important things when starting your business. When it comes to retail, you must know that relationships are vital. This means that you must invest your effort, time, and money in finding the best wholesalers out there. There are several ways to make it happen, and the first one is visiting the website of a clothing brand you want to sell. Aside from that, you can look for companies that represent multiple clothing brands, too. Of course, to find out more about their terms, pricing, and order minimums, you’ll have to contact the wholesaler via email or phone. Even though the application process is usually quite simple, elite brands are likely to make it a bit difficult for you – especially when your business is still new!
… And avoid unverified distributors at all costs
Although the majority of wholesale clothing distributors are people and companies you can trust, there are still unverified distributors you should avoid at all costs. These people are usually starting this business just because of the quick money, which is what an inexperienced boutique owner probably won’t recognize. Putting your business in jeopardy unconsciously is very common when you’re still a beginner, so be extremely careful to stay away from potentially dangerous situations. When you aren’t familiar with the tricks in the clothing industry, you’ll probably think that there’s nothing wrong with buying wholesale clothes from unverified places. However, it’s much trickier than that. It’s always better to spend more money on wholesale clothing from trusty distributors than to save a few dollars and buy from suppliers who are patiently waiting for someone new in business, right?
Learn about the sales, return policies, and the wholesaler’s sizing information
Once you find a trusty wholesale supplier, it’s about time you studied their sales, return policies, and sizing information. And what does that mean? Well, it means that you should make sure that you’ll be able to return the clothes you can’t sell. This is crucial as no one wants to be stuck with a pile of clothing for a long time, right? So, ask your supplier if they allow returns and inform yourself on other important terms before you make a final decision. Also, getting to know their sizing measurements is of the utmost importance here. If the garments run big, you’ll want to purchase smaller sizes and vice versa. That’s the only way to be sure that the clothes you sell will fit the majority of your potential customers!
As you can see, there are so many important things you need to bear in mind when buying wholesale clothing for your boutique. So, if you want to start off on the right foot, all you need to do is to stick to our useful tips. Just follow the guidelines and you’ll do what’s best for your boutique, without a shadow of a doubt!