Simple Steps To Take When Buying Clothes In Bulk For Resale
Are you looking to start a boutique? The best way to drive costs down and increase your profit margin is to buy wholesale. This guide will take you through the process of buying wholesale clothing for resale and what business matters to take care of as you prepare to launch your shop.
Overview of Action Plan
Those who are considering starting a business to resell clothing that has been purchased from wholesalers should be enthusiastic but also cautious when choosing their source. For your brand to succeed, you need to have a thorough plan of action. Priorities to have before starting your business include the following:
- acquiring a keen sense of fashion apparel
- keeping up with the most recent fashion trends
- studying key business principles including sourcing, marketing, retailing, etc.
- pricing comparison between several wholesalers
- locating the ideal area for audience targeting
Sort Out the Legal Matters
Make sure it's legal to launch a clothing business in your location before you do anything else. Get the necessary licenses and permits to conduct business as a legitimate entity. For instance, you might need a city and state company license. For additional information on the legal prerequisites for launching a business, go to the Small Business Administration website.
Decide on a Domestic or Overseas Supplier
Choosing whether you want your wholesale clothing suppliers to be domestic or foreign should be everyone's first decision. Naturally, each has advantages and drawbacks. It will come down to your personal preference, the goods you're selling, or your personal principles. To determine which is the best alternative for your business, carefully examine the quality standards for wholesale clothing vendors both domestically and internationally.
For instance, using a domestic wholesale clothing supplier makes more sense if you want shorter lead times. The shipment time will be considerably reduced because they are domestically located. As there won't be a language barrier between you and the vendor, communication will be easier. This might result in fewer mistakes and errors. A better level of manufacturing quality is also likely to be expected.
If you're in LA, there's no better place to get your supply of vintage gems than from LA Vintage. The team sorts through millions of pounds of clothing and shoes a year to provide high quality and unique pieces for your vintage clothing brand. For instance, you can shop by the bundle, getting more bang for your buck than visiting an actual thrift store! Our flannel shirt bale of 100 lbs includes a mix of men’s button-up flannels. ranging from modern to 70's, and materials such as cotton, acrylic, wool, and more.
Work Out the Details
It's time to research suppliers so you can buy wholesale clothing in quantity for your store now that you know where to acquire it. To decide which wholesale clothes vendor to work with, you will typically need to ask for a price and begin to establish a connection.
A request for quotes will probably be your initial exchange with the supplier. The only way to obtain pricing information from a wholesale supplier is through a Request for Quotation (RFQ).
In essence, you're sending an email asking for a price quote based on the quantity you wish to purchase. Instead of treating it as an IM between you and the provider, you should take it as a serious business inquiry to establish a long-term connection. Subsequently, make sure to work out a minimum order quantity (MOQ) and shipping arrangement! When buying wholesale, make sure to do your due diligence to get a trustable and reliable supplier.