How to Start a Retail Clothing Business
One of the greatest things about starting a retail clothing business is the number of specialties or niches you can go into.
You most probably don’t want to be “just another clothing store” selling cheap clothes that are indistinguishable from clothes carried at any department store.
To be successful with a retail clothing business in your area, you need to take a look at the community you live in. Is it “down-home rural,” “upscale classic,” full of cute babies and trendy teenagers?
Or, perhaps you want to sell retail clothing that meets a need, such as clothes for older adults, uniforms, or some other type of clothing that is hand-made by local or international seamstresses.
Storefronts can also vary, for example, strip-mall space, full retail store, a permanent vendor booth at a specific location, a small boutique, or an online-only retail clothing store.
- Retail sales and marketing
- Fashion knowledge
- Stock display
- Inventory control
- Money management
- A good eye for color coordination
- Good at matching clothing and Accessories
- Common Business Skills
- Sales associates
- Common Staff Positions Needed To Run Some Businesses
Hours of Operation:
Depending on your location, this business runs according to retail sales hours, such as Monday-Saturday, 10:00 a.m. to 6:00 p.m., if you are located in a mall you may stay open to 10:00 PM
- Acrylic Displays
- Counter-top displays
- Clothing Racks
- Display cases and counters
- Glass displays
- Grid wall
- Hat racks
- Jewelry displays
- Slat wall
- Shopping bags, tissue paper, and gift boxes
- Price gun
- Tagging gun with tags
- Size rings
- Security mirrors
- Shopping baskets
- Cash register(s)
- Credit card processor
- Retail sales software
- Dressing rooms/mirrors
- Draperies, floor coverings
- Speaker system (music)
- Seating (small couches, chairs)
- Restroom/baby changing area
- Van or truck
- Office Equipment
- General Retail Equipment
Monthly Expenses To Consider:
Approximate Minimum Startup Cost:
Bare essentials – The average startup cost will vary according to your plans, location, inventory, whether your starting online or as a storefront location.
See Our List of the Latest Business IdeasThanks for dropping by. Before you leave be sure to have a look at our list of the newest business ideas to spark your creativity.
Pros and Cons:
- You can be your own boss
- The business is Expandable
- High profits in clothing
- You may be required to work long hours
- A risky investment as sales often fluctuates with the economic climate.
- A lot of competition if you don’t discover a way to be different and offer something others don’t.
- It’s difficult to compete with brand name retailers like Zara and other top clothing retailers.
Steps To Starting Your Retail Clothing business
The steps to starting almost any small business are very similar. For example; researching your business idea, writing a business plan, funding your business, choosing a location. etc.
Instead of repeating the same steps in this post, I have put together an article for all the details, plus some very important points you will want to consider before you start any business. See The Essential Steps To Start a Business for all the details you’ll need.