Question
how do i start my own retail shop?
cost
leasing
do it cost to sale other designer clothes in my store?
where do i get my wholesale products?
equipment?
Best Answer
Chosen by Asker
Hi Laquithi...
Well... where do we start, because this is a huge massive topic!
You will definitely need a good bit of money to get going, plus a business plan.
The most important thing is passing traffic - i.e. how many people pass the store front to your shop. A turn down a side street can mean the difference between success and failure. Spend the most amount of time finding the best location and negotiating tough with rent.
Figure at least $700 a week for leasing, plus $15,000 startup capital (minimum).
The next part is finding the products and negotiating with suppliers. Start by using a search engine to find this data - look for "wholesale XYZ". There are now global marketplaces that can help, such as Alibaba.
Good luck, with $30,000, a solid business plan and the best location you stand a chance. remember that 50% fail within the first 2 years.
As an alternative you could look to smaller business ideas and use these to generate funds to fund bigger ideas.
Shaun
Source(s):
6 months ago
Other Answers
Your not giving a whole lot of detail but you need a business plan and some capital.
by Hilary - 6 months agoContact a group called Score (score.org ) for help in developing a business plan. The questions you ask, along with many others, will be part of that plan.
by Judy - 6 months ago