Tiffany S Thomas 11 Aug
We also look at factors such as affordability, brands, quality and taste for local and foreign fashions that determine the choices Africans make about their clothing. For those of you who are considering doing the business, I want to take time to discuss with you the beauty, business and challenges involved for you to decide if the sale of used wears is the best for you.
Like I said in a previous postOkrika is one of the few businesses you do not need an advert for and requires little capital. Fairly used wears are more durable than fake new ones as suggested by many 4.
Power of choice, you have different selections to choose from and according to your pocket as there are different grades and prices.
They are easily recognizable and attracts attention anywhere they are displayed. It has added advantage of a mobile market, that is one can move the goods from area to another churches, schools, offices, roadsides, cars to sell them faster. Ready market, you cam resell to individuals either online or physical contact.
Lots of Boutiques and individuals also buy these products to resell, just visit the shops in Ikeja, Yaba, Oshodi, DugbeAleshinloye, Surulere and many othersmany have a mix of the real and not so real deal.
Requires little or no education but will to succeed, extra efforts and perseverance. Infact it can be an alternative source of income while still keeping your main job.
The sale of clothing items is already a money spinning business for many, and has great future prospects, you can evolve to invest heavily in the clothing and textile industry in the country as you progress, and when that happens, you would have had adequate experience and information about the industry.
The clothes are then carefully selected, packaged and baled to be exported. To have high turnover at the start of the business, dont compete with high end markets, except you are sure of your clients base and patronage.
You can plough back this gain to reinvest in the business and get more goods unlike keeping and holding on to stock just because you want to obtain higher prices for them and you manage to sell 2 or 3 bales, the market wont move and your turnover will be low.
Have good customer relations, to make your clients keep coming back and increase your referrals, talk to colleagues, friends and family members, they are your first marketers.
Give discounts to customers who make repeated purchases. Satisfied customers means repeated businesses. As you improve on the business or right from the start, differentiate your own products by adding uniqueness and class to the packaging of the fashion items.
Store them in airy, well lit, ventilated spaces to prevent bad smells caused by stuffiness or mildew. Keep a record of all sales, items in stock profits and loss, be accountable for your business, pay your taxes, start a savings plan. Hire professional staff to help with the running and daily activities of the business as it grows.
Separate friendship from business, discourage selling on credit and people owing you especially if your goods are reasonably priced. Have time for the business, especially in the first year of starting it to enable you have a good idea of what the business involves as this period is still a learning process.
The first year will determine if you can continue and succeed in the business, but with adequate determination, it should be an easy journey Tip: Bras, chiffon gowns and baby wears are the fastest selling items.
The other things required will be clothing racks, hangers, labels and price tags.Need a business plan but not sure where to start? Get inspired with our collection of free sample business plans, all in SBA-approved format and available in their entirety online.
How business schools grab Generation Z’s attention “In Zambia many people are poor and most buy salaula because they have no money to buy new clothes,” he says. Once a month he takes a. Vallory Russups is a fanfiction author that has written 16 stories for Harry Potter, and Katekyo Hitman Reborn!.
Update: The Law and Legal research in Zambia By Alfred S. Magagula Alfred S. Magagula is a graduate fellow from the University of Swaziland.
He holds B.A. law and LLB degree from the same university. He has done research with various consultancy firms in Swaziland before. Bplans offers free business plan samples and templates, business planning resources, How-to articles, financial calculators, industry reports and entrepreneurship webinars.
Bplans offers free business plan samples and templates, business planning resources, How-to articles, financial calculators, industry reports and entrepreneurship webinars.
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