The wholesale plus size industry is one of the largest growing markets in the industry. It is reported that it earns approximately $22 billion in sales each year. As Americans continue to enjoy fast food and increase in weight, experts predict that the wholesale plus size market will continue to grow at least 15% until 2014. With this in mind, being a wholesale plus size supplier appears to be the right niche for a start-up entrepreneur.
1. Be aware of the competition. This can be done by scouring the Yellow Pages under the keywords "fashion", "plus-size clothing", and "clothing". By knowing what the competition offers, you have the advantage of bringing something different to the wholesale plus size industry. You should be able to find out the brands these wholesalers carry before setting up your own inventory.
2. Locate the ideal store by driving around the area for the weekend to scour for empty retail stores. Observe foot traffic to know where to conveniently place your wholesale plus size shopping business. Make sure that the potential area you pick fits the budget and goals of the business.
3. Call and schedule an appointment with wholesale plus-size distributors or manufacturers to personally view the products they sell. You can also choose to attend trade shows and events in the future to know the resources available at hand. Most wholesale plus-size distributors also have online sites which allow retailers to browse through their online catalogues to save time and effort going to the distributor’s physical location.
4. Contact a banker to help secure a business loan. Make sure to have all the information that you need prior to the meeting . Being prepared will help persuade the banker to help get you a loan. You can also discuss other aspects of the business, such as time length, annual lease cost expense, profit margin, and initial inventory cost.
5. Don’t forget to hire an attorney to take care of the legal matters of setting up a business. The lawyer should be able to represent you professionally, review the loan, and store lease agreement, and other pertinent contracts.
6. When hiring potential employees, contact all prior employers and references. It’s important to have the best employees as they will represent you and your business each time you are not around.
OrangeZoneInc.com is an off-price apparel specialist that provides wholesale plus size clothing at 70% below wholesale prices, giving partners a marketing and competitive edge on their prices. OrangeZoneInc.com’s wide selection of wholesale apparel includes wholesale plus size clothing, wholesale men’s clothing, and wholesale women’s clothing.
Monday, April 18, 2011
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Thanks for these great tips. plus size designer clothes are really in demand these days.
ReplyDelete"The wholesale plus size industry is one of the largest growing markets in the industry." - maintains nearly 70 warehouses supporting its different divisions and is able to boast next morning delivery for almost 100,000 products it carries to every state in the continental United States.
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