If you have a passion for fashion, there’s no reason you shouldn’t start your own online fashion store. Everyone’s doing it and while that certainly inspires you to take the leap into a new business venture of your own, it also intimidates you. While deciding to run your own online fashion store will add some extra tasks into your daily schedule, it isn’t all that difficult to do especially when you have the best wholesale clothing suppliers. But, before you start signing up for an online fashion store and all that good stuff, let’s first make sure that you’re truly ready to take on this new adventure.
Will Your Online Fashion Store Be Profitable?
One of the first things you must consider when going into the online fashion market is whether or not starting a new store is profitable. Yes, many people run online eCommerce businesses and are very successful at doing so, but this also means that you have a significant amount of competition. Therefore, you must find out what is going to make your online fashion store unique. Perhaps you’ll use a unique clothing wholesaler that only produces high-quality and trendy clothing, such as Mikaree, or maybe you’ll narrow in on a smaller niche within the women’s fashion industry, such as wholesale beachwear or sleepwear. Whatever it is, make sure that you have a clear understanding of how your new business venture is going to stand out.
Are You Ready For Product?
Once you have decided on how your fashion eCommerce store is going to be unique, you can then start diving into the fun stuff – stocking up on supplies from your favorite fashion wholesalers. But first, you have to determine a couple things, such as:
- How many products you’ll need to start off successfully (and to offer quick shipping, good selection, different sizes, etc.)
- Which wholesale fashion supplies will you be using
- What sizes are you going to carry?
- Where will you store the wholesale fashion?
- Do you have the proper space and environment to store your stock (don’t worry, you don’t need a warehouse)
Determining these types of things is absolutely crucial to do, despite commonly being overlooked by most people interested in starting their own fashion eCommerce store. You cannot just go into a market with one product, such as a bathing suit for women or one style of a pluz size sweater and think that your online fashion boutique is going to turn into a million-dollar business. You have to put in some work and stock up on wholesale fashion supplies before any of this can happen.
Is Now a Good Time to Launch Your Fashion Store?
The great thing about the fashion industry is that it’s never not a good time to launch a new store. However, that’s not to say that you can just pop up a store and find great success. There are some things you have to determine first, starting with your target audience. While everyone needs clothes, you need to consider if now is a good time for the type of products you’ll be selling and for the type of customers you’ll have.
For example, if you’re selling wholesale bathing suits in the middle of winter, it may not be beneficial to launch at this exact time or perhaps there’s a viral outrage about a specific fashion trend that many women are fighting (and the ones loving the trend have gone into hiding), waiting to launch for that specific product would likely be the better option. These are the types of things to consider - who is your product likely to reach and attract, and is now the best time? Again, since you’re in the women’s fashion industry, you’re pretty much golden but you’ll still want to go through this step just the make sure because if you want to sell luxurious fashion at a high price to teenagers, you must consider that the teenagers you’re targeting likely make a small allowance and cannot afford your product. In this case, you would want to adjust your marketing to target the parents.
Do You Have Good Wholesale Fashion Suppliers?
It can be impossible to launch a successful online fashion boutique without quality clothing wholesalers… Unless you plan on creating your own fashion and sewing an abundance of clothing. Chances are, you’ll want to have some trustworthy fashion suppliers you can rely on to provide you with high quality, trendy clothing at a good price and with good shipping.
Fortunately, you can avoid sifting through thousands of wholesale fashion accounts and sign up for Mikaree wholesale fashion right now. We have an abundance of stocked items that are on trend and appropriate for all budgets.
Now, if you still want to shop around for clothing wholesale suppliers, there are some things you want to look into because not all are created equal. Some wholesale fashion suppliers may take weeks or even months to ship out your items, which can lead to some problems for you and your customers if you ever run out of stock. Other suppliers may not provide the quality you expect or perhaps the sizing is off or the products are inconsistent. When choosing a wholesale fashion supplier, you have to take your time and do an abundance of research to make sure that the clothing supplier you choose aligns with your goals and desires. Remember, a bad clothing supplier can be detrimental to your business; they remain behind the scenes and it will be you who has to answer to your customer’s complaints and concerns. So, make sure you have a quality bulk fashion supplier that you can rely on.
It Your Dream Worth the Work?
As the saying goes, nothing worth having comes without hard work. Even if you’re checking everything off on your to-do list (and this post), and are ready to launch your fashion store, you have to determine if you’re ready and if the store will be worth the work. Are you willing to work hard to reach your business goals? Think about the holidays – a time where you’ll be busy with your own family and when orders are coming in at a speed you can barely keep up with; are you ready to stay awake all night to fill those orders instead of going caroling with your family, if need be?
If you are absolutely certain you don’t want to work that hard, that’s okay too. You’ll just want to keep your online fashion boutique smaller and with smaller quantities of stock, which is another topic in itself.
However, if you want this new online fashion boutique to take over the industry, are you ready to invest the time and energy it’ll need to thrive?
Whatever you choose, Mikaree is a great place to start. Sign up for a wholesale fashion account and enjoy discount pricing for trendy clothing and accessories.