How to Start an Online Wholesale Clothing Business from your home
If you are looking for work that doesn’t require you to commute or keep boring on working hours, you might want to give home-based business a try. If you have a good eye for fashion, you should try opening your own online clothing store. All you need is a supplier, preferably that sells products in bulk. If you need cheap products that are well-made, you should find a wholesale clothing supplier. Once you have one, these are what you need to start making money online.
Understand taxation In Your Country
Please note that most countries require even online stores to pay taxes for their business. It would help if you Googled the tax laws in your area. If anything is unclear, you could ask an accountant to help you sort things out. Make sure you complete all of the required documents beforehand.
Get A Bank Account And A Credit Card
You will need a bank account and a credit card to set up online payment options for your future customers. Most of these sites will require you to verify your account with a credit card. You will need a bank account as well, this is where you can send your money.
Set Up An Online Payment Account
If you plan to do business, you will need an online payment account. This will allow you to use it to pay your supplier of the goods and your potential customers can pay you with this method. This could be in your name or that of your company. Sites like Escrow, Paypal or Payoneer are commonly used by potential buyers.
Social Media Platform/s
We live in an age where you can buy everything you need online. Therefore, marketing your profile to provide it with more visibility is a must. To start, you will need to have social media accounts from reputable platforms in your area. Feel free to advertise on mediums like Facebook, Instagram, Twitter, Pinterest and other social media platforms, especially ones that people in your area frequent.
Take Pictures of Your Products
No one wants to see clothes heaped on the floor, as this is not a flea market. If you have a friend who can help you obtain the services of a model or one who can model your wares, you will find it easier to take pictures of your products. Make sure you use minimal editing, as customers prefer to see pictures of the clothes they want to buy on an actual human being, not a hanger.
Improve Your Visibility
You should hire the services of a blogger or two to create hype. This will make their followers want your wares. Please make sure that you get bloggers who share your unique fashion aesthetic. Most bloggers will be happy to do so if you give them freebies. However, some may want cash.
You can also invite more people and hold a contest wherein you provide a significant discount or a product for at least three winners. There is nothing that motivates people better than the promise of free things.
Setting up your online shop is not rocket science. If you are an entrepreneur who understands what the market wants, this should be a walk in the park, or a catwalk in this case.