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Boutique business is actually a good business, it is lucrative in my area, I know this because I know someone that does it, he gets his clothes from a multinational company and sells at a high price most times and people are always buying clothes so it is a nice idea.
Decide on the type of boutique you want to start
There are basically 3 types of boutiques in terms of the way they stock goods – consignment boutique, regular buy, and sell retail boutique and the franchisee boutique
A consignment boutique will stock goods manufactured by other designers or manufacturers and will take a percentage as their share when the item is sold.
Decide on the USP of the store – the purpose of your business
Decide on why you want to open the boutique and what you will be offering. You will also have to know what is in the trend and the colors that appeal to the market at the moment.
Make a customer profile or profiles of your ideal customer and find products for them.
Think about the purpose of your business and whether it tries to solve a real problem. You can conduct a small market research to know what is currently lacking in the market that you can provide.
Decide on the type of boutique you want to start
There are basically 3 types of boutiques in terms of the way they stock goods – consignment boutique, regular buy, and sell retail boutique and the franchisee boutique
A consignment boutique will stock goods manufactured by other designers or manufacturers and will take a percentage as their share when the item is sold.
Decide on the USP of the store – the purpose of your business
Decide on why you want to open the boutique and what you will be offering. You will also have to know what is in the trend and the colors that appeal to the market at the moment.
Make a customer profile or profiles of your ideal customer and find products for them.
Think about the purpose of your business and whether it tries to solve a real problem. You can conduct a small market research to know what is currently lacking in the market that you can provide.