Retail Clothing Store Business Plan

So you have decided to start your own online clothing store.It’s no surprise why: with online clothing stores being a multi-billion-a-year industry, it’s by far one of the most popular e Commerce niches.You need to develop a solid business plan, find a great location to set up shop, and gather the right inventory at the right price.

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Brainstorming to Get Started Establishing Your Business Choosing a Storefront Location Getting Inventory Marketing Your Store Show 2 more... Article Summary Questions & Answers Related Articles This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness.

Together, they cited information from 25 references.

Tip: Bundle items on display tables or kiosks to encourage cross-purchasing and increase your sales.

For instance, if you're selling a blazer, display it on a mannequin with pants, shoes, a belt, and other items that match it.

As Mrs Bow Tie did, start small and simple as you get your product list off the ground.

Adding too many products upfront will not only add extra admin costs every step of the way – from product photo shoots to web setup – but it can add complications when you first launch.When you’re starting an online store, it’s always advised to start off small and slow and then branch out your lines as you grow.A great example of this is one of our top merchants, Mrs Bow Tie. Bow Tie made a name for themselves selling bow ties that are uniquely ‘Made in Britain’.The clothing and apparel market is almost infinite, and you can be sure there are a bunch of options within the niche you’re selling in.However, if you’re tempted to jump in and sell everything, this could be your undoing before you’ve even started.Additionally, don’t forget to check out our Top Apparel Online Stores post, for inside tips on how to build a successful brand once you’ve set up your clothing brand.Before you can choose your products, you need to decide which clothing and apparel niche you want to sell in.Choosing your niche ensures you choose products and create your whole business plan around the type of potential shoppers you want to appeal to and ultimately ensures you are able to position your store in a unique way. By using bold humor: unique expression that appeals to what they call ‘pop culture nerds.’ And what appeals to potential shoppers in this niche?The trick is to be very specific and really drill down your niche, as this will enable you to identify and market to your potential shoppers more easily. Not fancy chiffon skirts or name brand shoes, but tees, hoodies and socks.Think about where you see your online clothing brand extending in the future, and make sure that you’re focusing on the end goal.This will ensure that, as you add products to your range or line and grow your store in your niche, you will be able to implement new or trending products onto your store more seamlessly.

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