Here are 4 easy ways to set up your own school wear retail store.
Franchises: In this case, you have to pay a small initial fee together with royalties to the franchisor, and in return, you get the right to use a well-known brand name. Additionally, you get a well-demarcated territory that is literally free from competitors, and hands-on training in how to use an established and fully-proven system of operation. Furthermore, seminars and conferences are regularly held which teach you how to market and sell your products successfully. The primary benefit of buying a franchise is that you don’t have to start from a scratch. While the franchisor takes care of all the problems, obstacles and hindrances, you just sell different types of school dresses, and make profits. Although you would have to share some of your profits with the franchisor, but you also get the much-needed support.
Multilevel marketing company: Here you just have to set up a retail store and stock it up with different kinds of school wears like boy’s school trousers, school skirts, blazers, socks, ties, school shorts, and so on. Instead of the reputation the brand, you use your personal contacts to sell the merchandise. For each sale you make, you get commission. You won’t receive any kind of support. If you’re a self-starter and enjoy working alone, then this kind of retailing is good for you.
Business opportunity: It is similar to franchise; you can freely use the company’s name and logo. You also get a business plan, and full-fledged operation support. However, you would have to run the retail store on your own. You would have to find a suitable location for your store, stockpile the products of the company, and hire competent salespersons to sell the merchandise.
Existing enterprises: Yet another way to jump into school uniform retailing bandwagon is to buy an existing business enterprise. When you buy a well-established retail store, you start receiving returns on your investment in a shorter span of time. Moreover, you don’t have to spend your time and money on planning and setting up each and every component of your enterprise. In fact, everything from inventory and customer base to location and staff is well-set for you to move forward. You just have to formulate and implement failsafe marketing strategies so as to increase the sales and profit percentage. However, before you buy a retail store, ensure that it is free from all sorts of troubles.
Copyright (c) 2010 Matthew Levy