Not only is Mt. Our sales team will earn an hourly rate, plus a generous percentage of commission from each sale. Further, Booming Boutique will not just be a store that sells clothes. Key Customers Key customers for Style Villain will be college students and young professionals, age ranging from Penetrate and raise awareness in 60 percent our targeted consumer market.
Complete renovating, stocking, hiring and initial marketing. Initial marketing tactics will be heavily coupon and sale based to draw in customers. Moreover, we expect a portion of our products to catch on with the younger generations. Prior to the grand opening of Booming Boutique, we will schedule an event with the Chamber of Commerce and start our promotions with pre-publicity flyers, advertising and additional marketing activities.
The store is similar to Walmart in that it sells lesser quality items at lower price. Beyond our friendly reception and an inviting atmosphere, Booming Boutique will also offer customers fashion information and advice.
Our aim is to establish our company as a pioneer in this youth-obsessed industry and build a boutique brand name that will be synonymous with the fashion industry revolution. Within five years, we will assess the potential for franchising our stores in select locations.
Additionally, as we build our business, we plan to simultaneously develop an online clothing store for Booming Boutique. Sell the hottest trends and fashions with your own retail clothing store or fashion boutique.
We already have connections in all the necessary places. Our sales associates will be paid an hourly wage, plus commission. Foremost, we intend to showcase our brand, our clothing and provide customers with the ability to purchase items online.
For example, if your average consumer will be 30 and under, consider investing in a heavy online presence. Dawson or others for Style Villain will immediately be under copyright. We will maintain all accounting and finances using Quickbooks online. In addition to local consumers, we will also benefit from tourist traffic.
A small sales staff will assist co-owners with securing sales, assisting customers and general maintenance of stock on the floor. Achieve a profit margin of 50 percent.
However, we feel the labor pool is such that finding qualified employees will not be an issue. Robin Mathews will manage the day-to-day operations including supervising staff, maintaining inventory and bookkeeping. She understands the fashion industry and knows how to spot the latest trends.
In reality, as the Baby Boomers numbers decrease, there will be fewer older Generation X-ers to sell to.
Establish a solid reputation as quality retail establishment. While car dealerships, grocers and home improvement retailers account for a sizable portion of the retail market, the main local shopping district is downtown. These platforms allow us to create an online storefront quickly and will manage all aspects of it including creating shipping labels, accepting payment, and monitoring inventory.
Not to mention, the inept sales staff and lack of selection often found at department stores. These will rely heavily on local print and broadcast media coverage, traditional advertising, signage, a direct mail marketing campaign and networking.May 04, · How to Open a Boutique.
Opening a boutique can be a great investment, as the general public is always on the lookout for new fashions and great deals on existing designer clothes.
Visit an accountant to determine the viability of your business plan. Start a Clothing Retail Store Business. How to. Start a Nail Salon. How to 94%(K). Business Plan. The business plan should be the first item on the checklist. A well-organized and thoughtfully prepared business plan will help you consider and remember every detail for the store.
De Kliek Style Studio women's clothing boutique business plan executive summary. De Kliek Style Studio is an upscale women's clothing boutique/5(). Yes, opening an apparel store will cost you, and Oklahoma State University merchandising professor Nancy Stanforth, who once owned a clothing store, recommends a bankroll of as much as $, Jun 29, · Running a clothing store presents you with many elements to consider, such as where to get your clothes, whether to maintain a store front and/or online sales, how much to mark up clothing items.
Aug 05, · Reader Approved How to Start a Clothing Retail Store Business. Opening a clothing retail store is a serious business. This is one industry that can help you earn a steady income every month with ample scope for advancement%().Download