Jeans don’t go outdated, so they are have a big profit margin if you ever plan on selling one. But imagine if you buy them on wholesale. Selling wholesale fashion jeans would absolutely add up to your revenue. Your customers can pick from a wide variety of bottom wear including low-waist, high-waist, flared, straight, boot cut, hipster or stretch, and they would love the various hues of brown, black and blue from your store. Though it is exciting to jot down the figures of your profit, it is wise to heed the counsel of those experienced in the jeans business before engaging into one.
Skim through the market on the competitive prices of jeans in retail. Make sure that when you mark up your product, the price is fair and affordable and would reflect about the quality of the jeans you’re selling. You may go a little higher if the wholesale jeans you ordered have excellent tailoring, but don’t mark up your products unscrupulously. Also, do your calculations and include the expenses made from ordering wholesale up to setting it up on your store. That way you can break even in your business easily.
Only work with people who have a vast experience in the wholesale fashion clothing business. If you’re unsure about the business ethics of a company, especially start-ups, just go with those who already have years in the jeans business. That would be less headache for you and your transactions will go smoothly and easily. Also, pick your products that have the qualities you like (not style). The moral here is that if you don’t want to wear it, then don’t sell it. Style is another thing because people have different tastes, but the quality of the products is crucial and it pass quality standards. Jeans won’t wear out easily, even if it’s worn every day, but the stitching is the problem so check them before selling them.
Give discounts when someone buys a certain amount from you. You will have plenty of recurring customers if you do this scheme and it would contribute to having good relationships with them as well. But be sure that you will still yield revenue if you do this scheme. Usually when you buy wholesale jeans from dealers they are marked down by 50% from its retail price. Do computations on how you will be able to come up with your discount rates and don’t worry about giving discounts because it brings people to engage with you in your business.
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