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Business Startup
Business Startup
No Jargon - Plain English - Simple Execution
Welcome to our Fashion Startup section here at Top Down Trading! We aim to support you to make sure you’re on the right track towards successfully executing your startup. This info here will be a summary straight to the bullet points for a quick build-up.
How to Start a Fashion Business Startup?
If you browsed through the web checking startup organizations to find out how you can start a business you are probably worried and confused by now! Don’t worry here there is no jargon! And believe me, you don’t have to have a business degree or execute any complicated tasks. We’re going to give you a short road map to quickly dive into the fashion market of business.
Buckle Up! Here we go!
5 Steps to Execute Your Fashion Business Startup
1 Think: What-How-Where-When
Think
To start any business you need to think of an idea. The idea will represent your model, service, and products it is as simple as that. As you are reading this page luckily you don’t need to worry about that because you will be in the fashion business soon!
what
What do you want to sell? Wholesale Clothing: Dresses, jeans, jackets or women’s, men’s or kids fashion? Or maybe Wholesale Shoes? You can’t decide? Not an issue we have business startup parcels or pallets which has a huge variety for you to trial for minimal cost.
how
How are you planning to sell? Online fashion store? Or maybe you will sell on platforms like Amazon or eBay? Perhaps you will sell offline: Party planning? Market selling? Opening an outlet shop? There are no limits you can choose one or some.
where
Where will you operate from? Home, office, storage unit, warehouse, or even from the back of a van. Where do you want your business to be in a year? Work backward.
when
When are you planning to start? Acting in a time frame is the key to executing your business. The longer you take the more things might seem complicated and you can lose your momentum. This doesn’t mean rushing into it, but if you don’t have a clear time target it means you aren’t ready and you might never be! So put that date on your calendar
2 establish your budget
No need to think too much! I’ll give you a hint. Your budget should be something you’re comfortable with. So let’s say you prepared a budget of £3000 for buying goods. Spend up to £1000 on your first purchase. After you sell 30% of the goods you’ve purchased come back to buy another £1000 worth. Got the idea? By dividing your budget into smaller parts you can avoid stressing so you don’t lose confidence and motivation. This will also help you to make better decisions as a startup. Drop us an email so you can book a free consultation online meeting to discuss ideas on your budget planning!
3 Buying Your Goods
By now you should know your how’s. How you will buy your goods will also depend on how you will sell them. For example, you might decide to sell low-price value goods or upper market designer clothing products. If you’re struggling to decide drop us an email and we will book you an appointment to visit us for a no-obligation meeting. We will give you a free consultation and of course have coffee and biscuits ready for you with a lovely tour at our 2500sqft showroom. Alternatively, you can also book a facetime online conference meeting. We prepare small to medium size deals for startups. Also, we sometimes mark Business Startup on some amazing offers as they provide better value or higher profit margins for fashion startups. However, do give us a call so we can tailor you a deal suitable for your plans.
4 Selling Your Goods
Selling your goods means focusing on establishing your services targeting the lowest expense possible for your fashion startup. Your overheads should be next to minimal. Do not buy into the marketing of needing to have your business cards - stationery, perfect website, all social media channels, and even premises! Don’t forget you’re a startup, who knows if three months down the line you decide that this isn’t for you. If you’re going to sell on social media focus on one channel first and expand to others as you go along. List a few items on some platforms like eBay or Depop and drive traffic to your e-commerce website while you sell on those platforms too. Do not invest money on building a website at this point just pay £20-30 a month and use a ready e-commerce shop with your domain. You’re good to go!
5 Maintaining Your Business
The last thing you want to do is slow down or take it easy after your business takes off. It’s your baby and it needs all your possible attention with care to grow up. Build a competitor portfolio and keep a close eye on them to see how you can offer better products, prices, and services. Be innovative and open-minded to changing market conditions and trends. Keep a few hours a week for researching and learning your industry for better skills. Try not to push for expansion just because some funds have occurred in your account. Let it happen naturally as the business requires.
