- What Would Mark Cuban Change About His Career? Entrepreneur
how do i start my own retail shop?
do it cost to sale other designer clothes in my store?
where do i get my wholesale products?
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.
Source(s):1 year ago