Viewing entries tagged
how to buy product

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Where to Buy Clothes for Your Boutique

If you are just starting your boutique, you'll need to know where to buy clothes for it. Please don't buy vendor guides online-- they may not be the vendors you need for the customer you want to sell to!!

You can get access to vendors once you register your business on websites like www.FashionGo.net and www.LAShowroom.com

Get my FREE Market Guide that has listings of all the shows and links to the websites for the market centers here: bit.ly/MarketGuide2018

Or My How to Shop at Market Guide with my Favorite Vendors List included here: https://emily-benson.mykajabi.com/mar...

Here is my video about How to Register Your Business (coming 4/9/19!!!! Working on editing it now!)

Here is the link to the list of shows: https://www.apparelnews.net/industry-...

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I film most of my videos as Facebook Live streams where I can talk back with you! To catch me live, make sure to LIKE my page here and turn on Notifications: https://www.facebook.com/stylishandsu...

Join my FREE Facebook Community "The Fashion Truck Tribe" here: bit.ly/trucktribe

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Email me: hello@stylishandsuccessful.com

Purchase my book here! - www.BoutiqueHandbook.com

Get my FREE Market Guide: bit.ly/MarketGuide2018 Or

My How to Shop at Market Guide with my Favorite Vendors List included here: https://emily-benson.mykajabi.com/mar...

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Read some of my blog posts!

How to Fund a New Boutique Business - http://bit.ly/2EqNB2d

How to Find New Customers and Get them to Buy - http://bit.ly/2SxcwX6

How My Yearly Income Became my Monthly Income - http://bit.ly/2IHNBQL

We have a Problem in the Boutique Industry - http://bit.ly/2tHA3dS

Want a Successful Boutique? Do this. - http://bit.ly/2IMgETl

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**HOW TO FUND YOUR NEW BOUTIQUE BUSINESS**

Today in my series about how to get started in your boutique, I think I should address most new boutique entrepreneur’s worry of MONEY. How do I get enough money to open? Or “How do I fund this boutique dream?” I get this question all the time and I want to give you easy and accessible ways to find money. 

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To be honest, since the crash of 2008, small business loans a traditional banks are hard to get. Generally you need to show 1-2 years of sales history and present a business plan- which for so many just isn’t where you are at! I want to give you alternatives in this article!

I also want you to know that Kickstarter is a TON of work and you need a massive network to make it work… and everyone that asks about government grants, really? Won’t it be so much more rewarding to figure this out on your own and not have to spend time researching and applying for grants? Maybe it’s just me, but I’m pretty scrappy and can always figure out a faster way to get myself going in business… I don’t like depending on others, or the government for that matter.

First, I want to tell you that you don’t need a ton of money to start! I think it’s best to start small to minimize risk and grow into a BIG boutique. You can always go UP!

Here’s my top 3 ways to be a scrappy, startup hungry entrepreneur that will fund your boutique business:

1. Save a set amount a week from your paycheck: Parkinson’s Law says, the demand upon a resource tends to expand to match the supply of the resource. Basically, if you make $500 a week, you’ll figure out how to expand your spending to spend $500 a week. Let’s say you immediately transfer $100 a week to a savings account. In just 2 months, you’ll have $800 saved to start your boutique. 4 months, $1600, which is a TON of money to buy inventory (and do everything else in a free or super resourceful way!). You can self-fund your boutique business this way and you’ll be more invested in it since you truly are your own backer!

2. Start with 75: I’m going to guess you have, or can borrow from a family member, $75, right? $75 is enough to buy about 12-15 pieces of jewelry/accessories from a wholesaler. Let’s say you open a free Facebook page or Instagram page to sell those pieces. You add in shipping to you and a bit for an envelope to ship the jewelry… then mark up the items times 3 (or more if you can!). The potential sales is about $225-$250 when you sell ALL of it!! Amazing right? 

Ok, go back to the jewelry vendor and only spend $75 again. You are still have $150 in your bank account and now, when you sell out the second order of $75, you’ll have $350 in your bank account. Maybe this time you spend $100 on items… sell that and you have $550 in your bank. Hopefully you are following this? My point is that you can turnover and turnover jewelry or small accessories inventory (think: one of a kind, limited edition pieces!) until you have enough saved up to purchase clothing and continue to expand. Imagine your a million dollar business telling the story to your team about how you started with $75 and a dream. THAT’S inspirational!

3. Sell things you own on Poshmark or Ebay or FB Marketplace: Seriously, you have things in your closet that will make you money right now! Have a cleaning afternoon and start listing your stuff! This will give you amazing practice in photographing, writing descriptions, pricing and talking to customers! All the things you need to be a great boutique owner. 

In general, $1000-2000 can be plenty to start an online boutique. Obviously if you want a mobile or back and mortar, you’ll need more! But, what if you started online, in a small way, discovered if you really like having a boutique and then went on to open a physical store? Starting online is a great way to dip your toes into the boutique world while you’re still at a 9-5, or have little kids at home!

How did you start your boutique business? Tell me below!!

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How to Open an Online Boutique

Have you dreamed of opening your own Online Boutique? In the planning stages or just about to open it? Are you exhausted from searching the internet for answers that barely scratch the surface of what you feel you need to know? Stop right there!

What if you could easily learn from a Retail Expert how to open your boutique with the most success possible? Start off with a bang?!

I want to teach you:

>> How to find customers who buy!

>> How to use Social Media Marketing for sales!

>> How to find and pick inventory that sells!

>> How to make the most amount of money from your merchandise!

I’ve helped thousands of women open and grow their own independent boutiques. Some work from the comfort of their home. All of them get to support their family and share their love of styling and clothes with the customer base they have built. You can do it too!

In Boutique Basics Bootcamp, a self study online course, I’ll teach you the EXACT STEPS to open an independent boutique! In-depth training videos and workbooks will guide you through each step and you’ll be able to ask questions and get help!

Learn more here: www.BoutiqueBasicsBootcamp.com

Bootcamp member Caylee says: "I've had almost $4k in sales at my first 2 events. I just keep looking at my Shopify app because I can't believe it😆!"

Boutique Basics Bootcamp will give you everything you need to know to go from pages of notes in your notebook and worrying about what friends and family think, to owning a boutique you feel aligns with your passions and that you are PROUD of!

Learn more here: www.BoutiqueBasicsBootcamp.com

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{BOOST YOUR BOUTIQUE PODCAST} Episode 205: Why You MUST Pay Yourself

I'm going DEEPER with this whole 'YOU'VE GOT TO PAY YOURSELF" idea this week. Because really guys, you HAVE to start taking a salary from your boutique business... and this week I'm going to tell you WHY you MUST pay yourself! I feel like I'm trying to convince boutique-land to adjust from a very old martyrdom mindset, to a "money flows in and out of my business with ease and grace" mindset!

Here's my top 3 reasons why you really MUST start paying yourself:

1. We have to evolve into a modern relationship with money! Te internet has changed everything but our ideas haven't- we still get caught up in the 'work hard, make money' mentality. Let's get excited to unplug from the old and plug into the new concept of money!

2. Most flows as energy-- when you don't pay yourself, you won't be able to spend it and they cycle of in/out energy flow gets blocked.

3. We love to be rewarded as humans!! Even a small amount to allocate to yourself to get your nails done or a dinner out can feed the positive flow and give your brain a pat on the back for putting your all into the business!

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