Do you run a clothing store and you want to buy wholesale clothing? If YES, here are 10 best affordable places to buy clothes wholesale for boutique and sell retail.
The aim of every business is to make profit, and if you are involved in a business in which you supply products, it is very essential to know how, where and from whom to get your supplies or materials from. Now having provided you with a:
- Boutique Industry Overview
- Market Research and Feasibility
- Online Boutique Business Plan
- Online Boutique Marketing Plan
- Online Boutique Name ideas
- Clothing Store Licenses and Permits
- Cost of Starting an Online Boutique
- Clothing Store Marketing ideas
We will now reveal the best places to buy wholesale clothing cheap without getting ripped off.
Sourcing your boutique wears from the right suppliers ensures that you buy the clothing at the proper prices, that you set appropriate prices to sell the clothing and consequentially be able to calculate how much profit you would make from the business.
Without getting the best supplier in your market range, calculating the profit to be made from sales becomes rather complex. It is time to move from being a boutique owner in your mind to being a boutique owner in action as well.
The foundation of a solid boutique is having reliable and standard suppliers (the kind of suppliers that have your interest at heart). Below are important tips to take into consideration when deciding on how to buy wholesale clothing for your boutique:
6 Helpful Tips for Buying Wholesale Clothing for your Boutique
i. Be wary of Fake suppliers:
Most individuals believe that going into the clothing business or owning a boutique would make their pockets full immediately. They are all about using the business to make quick bucks by sourcing out easy ways to get supplies but lack the true passion a boutique business demands.
There are suppliers out there that can spot boutique owners trying to make quick, smart cash, and are always ready to take advantage of those types of individuals. The most commonly used technique by these suppliers is to pretend to be wholesalers or manufacturers when in reality they are likely consumers.
Their aim is to take advantage of boutique owners by charging exorbitant prices for clothing pieces at rates sometimes double the price of what the actual manufacturer charges. After the boutique owners pay the suppliers and the clothing has been delivered, it becomes difficult for the boutique owner to get the clothing off the shelves. He finds it difficult to make a profit because the selling price would be much higher than what the clothing was bought for. This can easily be avoided if prospective boutique owner has a genuine passion for the business.
ii. Reliable Partner:
To avoid scam in the business, it is highly encouraged that your supplier be someone you can trust and can be confident in, not some scam artist trying to make as much as he can off you. If you possess a true passion for clothes and sufficient research has been done, the dilemma others have of figuring out what to put on the shelves would not be an issue for you. To avoid scam artists posing as suppliers, it is very important to first off all register your boutique. Some hear the word register and think ‘stress’ but registering a boutique is fairly easy and involves minimal cost.
The registration of your boutique provides you with an official business name and registration number, and these things allow you to contact reputable suppliers and distributors with ease. Having a registered business (boutique) makes contacting suppliers so easy because reputable suppliers/traders only work with businesses that are registered. In conclusion, anyone interested in supplying you products without checking to see if your business is registered is most likely out to sell above wholesale price.
iii. Buy big or go home (Wholesale lots):
Being a registered boutique owner makes things easier when sourcing out a supplier, but it doesn’t lead you to a perfect supplier for your boutique. The next thing to put into consideration is the quantity of products you wish to acquire for your boutique.
When starting a business, you need to possess enough clothing in stock based on customer demands, and that creates a win-win situation for you and your supplier since wholesalers do not sell products in small quantities. The operations of wholesalers depend on them selling the entirety of a box to boutique owners rather than open up the box and sell pieces.
This is because less work is involved in selling a box as per selling in pieces and also more money is made. Apart from that, if a wholesaler sells clothing in pieces, what is to stop a potential customer from buying directly from the wholesaler and cutting out the middle man (the boutique owner?); also this prevents “fake wholesalers” from buying in end-user quantities and selling at high prices. This method protects boutique owners too as they are then able to buy products in large quantities at lower prices from the wholesaler and sell at profitable rates to their customers.
Things to watch out for with regards to scheming suppliers;
- They won’t request your boutique’s registration number which results in you buying clothing at exorbitant prices
- These suppliers come along with monthly product update fees- reputable suppliers do not ask for such
With these in mind, weeding the real suppliers from the fake would be fairly easy. If all else fails, when you see a product you believe would be a perfect fit for your boutique, check the packaging for the manufacturers information; call or send an email asking for a distributor close-by, if luck is on your side the distributor being used would be interested in selling to you, and if not, they might be kind enough to refer you to an individual who can be of service to you, depending on your boutique size.
iv. Trade Shows:
Trade shows aren’t simply for consumers looking for the next trendy accessory to hang on their wall or around their necks. They can also be a good networking avenue for small and big business owners alike and if you are a budding boutique owner looking for reputable suppliers, it is good to visit trade shows and ask about manufacturers and distributors of the products you see and have an interest in.
v. Shipping Problems?
Your boutique is registered, you have a reliable supplier, but you don’t have enough capital to invest in warehousing your products. Not a problem. This is one of the reasons why drop shipping exists. Drop shipping puts more of your profit in your pocket by allowing you forward your client’s order to a shipping house where the products are stored by a supplier, from where the product will then be shipped to your client.
The burden of shipping is now removed from your shoulders, and all you have to do is stock up on products and market your boutique. Keep in mind that just like when looking for a reputable supplier, there are some drop shippers looking to charge inflated prices for clothing they don’t have a high quantity of in stock. Have it in mind that competent drop shippers would ask for your boutique’s registration details as they only work with officially registered businesses.
vi. Client references
Owning a business is not everyone’s cup of tea, but as stated earlier, if you possess a passion for the business, then the stress of starting a boutique would be worth it. Now that you have handled the shipping aspect, the next step is to ask your drop shipper for client references after ordering a product so as to experience firsthand how the shipping goes.
Even though the product shipping is out of your hands, clients would still hold you responsible since the products were ordered from your store and not from your drop shipper, so it is best to see how reliable and how fast the product shipping goes. Lastly, remember that when operating a business, communication is a very essential part because your reputation, income and boutique growth depends on you as an entrepreneur establishing good relations with your supplier(s).