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Open a Boutique How to Open a Boutique Advice - openboutiqueguide.com
Post 1 of 6
Brian Jones
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How to Open a Boutique
I have been searching the forum and realized that a ton of people of this site and very interested in starting a boutique clothing store but dont know how....So I email the owners of a few boutique websites( open-a-boutique.com and openboutiqueguide.com and they gave me permission to post a few tips for FREE

Cheers,
BC

How to open a boutique

how to open a boutique

How to open a boutique - As a boutique owner you are among the trend setting few, and it could be truly exciting. At the same time, opening and running a boutique calls for a lot of hard work and patience. So you should make sure that you’re the kind that would love the challenges of running a boutique.How to open a boutique

How to open a boutique- Let’s say that you’ve decided to open a boutique. How do you go about it? The very first thing that you’ll need to do is to make a few decisions. You must answer questions like what you want to sell in your boutique, where you want to locate your boutique, and what you want your boutique to look like. You can, for example, specialize in women’s wear or children’s wear. You could even go in for some specialties within each of these, such as formal wear, casual wear, lingerie, sportswear and so on. You will also have to decide where your boutique will be opened. For this, you may have to consider the potential in each place for the type of wear that you plan to sell, the competition in the area, and whether there is a demand-supply gap that you can fill. If there is no such gap you will have to figure out how you will sell against competition. For example, you may offer special services or free expert guidance to win a market share from competitors. How to open a boutique

Once you have decided on what exactly your boutique would look like, the next issue is that of financing it. Opening a boutique will call for investment. First of all, you’ll need to assess how much of investment you are likely to need. You can do this by estimating the total amount that will be required under the following heads:

* Purchase of assets like building, equipment, vehicles and so on.
* Furniture, fittings and interior decoration.
* Purchase of the items that you will be selling
* Other expenses that you will incur before starting the operations

Once you have a good idea of the amount that will be required to open the boutique, the next issue is to decide where this money will come from. If you have all of this money yourself, and some more to spare, there’s no problem, but in most cases it happens that you don’t have all the money required readily. In some cases, you may have the money but may not want to invest it all in the business. In all such cases, you will have to determine where the money will come from. There are several options including borrowing from a bank or from friends, inviting friends to invest in your venture as partners, and so on. You should critically assess each option and find out which one would suit you most. After you have decided on the source of funds for your venture, it’s time to get into action. You will need to get the boutique itself ready. You will also need to buy the items that you intend to sell from the market. See where you can get the best bargains. You should consider all factors such as price, credit availability, purchase quantities, and the variety of items stocked, before you decide on the source from which you will procure the items. How to open a boutique

Once you are done with all this, you are ready to go. Set up shop and promote your boutique in the neighborhood. Expect problems in the beginning, and be prepared to find solutions to them as you go along. With a little patience and endurance, you can make this a highly profitable and rewarding business.How to open a boutique


Open Own Clothing Store

opening own clothing store

open own clothing store- Clothing is a very important part of a person’s life and the choices are manifold and the profit margin huge. Given this situation, it is obvious that many people will want to invest in a clothing store business. Opening your own clothing store, while very profitable, requires a lot of planning and sincere hard work. Before you even start thinking about leaving your job and starting your own clothing store, you should identify the reasons for your decision and should critically assess your own knowledge of the clothing industry. Secondly, you should be prepared for the swings in the market and must be absolutely ready to put in a good deal of hard work, which could translate in many sleepless nights till you are successful! open own clothing store

Once you have decided on all these points, the next step is to identify the exact kind of clothes you want to stock in your clothing store. It could be women’s fashion or men’s or children’s fashion clothing, all you need to do is narrow down on the item you feel most comfortable and do some research on it. In today’s highly competitive world, a little research would help you in the long run by making your clothing store a great success. Research means studying the market trends, identifying target groups and then deciding places where your stock will sell the most. Location is another key factor that has to be decided with great care, taking into account your finances, your stock and the target group you want to attract. open own clothing store

Finances play an important part while deciding to open your own clothing store. You should realistically understand your present finances and the amount you can hope to secure by way of credit or loan. This would largely influence your location, stock, basically your entire clothing store. Depending on the budget you are operating under, you can decide to buy an existing store in a small locality or rent a place in a shopping mall. Whatever you decide, you should allocate adequate amounts required to start your own clothing store. If you decide to rent a place then it is advised that the total rent you pay per year should not be more than 5-6% of your total sales that year. open own clothing store

Inventory is the next important thing to be considered while opening your own clothing store. You should prepare a list of suppliers and wholesalers who can give you goods at a reasonable place. You should also price your clothes in such a way that it is both attractive and yet helps you earn a profit after paying your overheads. Hiring your staff is the next step towards opening your own clothing store. It is important to hire trustworthy staff who have both passion and a great personality. Public Relations should be the forte of your staff and this should translate into profits for you. Advertising and marketing are key factors that will determine the success of your clothing store and you should allocate sufficient budget for the same. open own clothing store

Finally, it is advised that you lay down very clear policies for your clothing store regarding purchase and your goods. Many people who open a clothing store often forget to lay down clear cut policies regarding credit, returns, damage or special offers and it would help you if you lay down specific policies regarding these issues and make it very clear to the customer upfront. This would create a great impression on your customers, who will not only return, but will also recommend your clothing store to their friends and family. open own clothing store[em2]
11 Mar 2008 12:02
Post 2 of 6
Replying to [Brian Jones]:[em19],I read the article carefully,because I also have the dream to open my own boutique.That's great for all of these advices.Thank you very much! Wish you all best!
12 Mar 2008 23:28
Post 3 of 6
Replying to [Brian Jones]: Nice to have someone thing like you this all information and advise inspire me, as I have been thingking to open my own sterling Jewellery store, all the best.
17 Mar 2008 14:57
Post 4 of 6
Good to hear from that you want to open a store for silver jewellery.
If you need any further help from India, Kindly contact me.
I'll be happy to help you.
Sincerely,

DC Tyagi
E: dctyagi@conceptsourceinc.com; dctyagi@hotmail.com
W: www.conceptsourceinc.com
20 Mar 2008 04:56
Post 5 of 6
king34
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Overall Ranking MVP:52 Rank:133,550

Not a very good book. 

22 Aug 2008 22:06
Post 6 of 6
Max Zheng
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Overall Ranking MVP:-12 Rank:1,968,456


hi[em2],this is jerry from Deerman Apparel Co.,Ltd in Shishi City Fujian China,we a reliable & genuine apparel manufacturer & supplier,we are OEM&ODM ,our factory website: www(dot)deerman(dot)cn,we can accept small order, we can quote the lowest price with high quality to you basis on ur SPEC and ur standards.by the way Shishi City was called Apparel Capital by government in China,there are so many factories,they sell their apparel at cheaper price wih high quality. any questions,pls you contact me freely by kadyzheng(at)gmail(dot)com, or kindly contact me by T/M,tks [em17]good luck    
24 Aug 2008 20:46
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