I am currently 29 years old and I own a retail clothing store We are going to be celebrating our first year in business Now on our first months opened, business was booming majority of the money that was made in the first months went directly back in the store for more merchandise and after 3-4 months it started to slow down it slowed down to the point where I had to take out my personal to make sure to get by Overall I know there will be good days and slow days in a retail clothing shop but It seems like there isn’t enough funds leftover and to be able to pay off the suppliers in full I don’t think I am over spending on personal stuff Any tips?
Product marketing strategist here.
That’s awesome that business started off great for you but also just wanna say slow seasons are normal.
My main question is are you strictly in person retail or are you also online for e-commerce?
I see someone above suggested marketing, but depending on where you’re at financially and the numbers in your business, hiring an agency might be overkill (and tbh there’s a lot of bad ones).
Learning to create some marketing on your own would probably be your best course of action through social, email marketing, and getting a website setup for better sales conversions. Maybe even running an ad or two. It would help you get more repeat sales and create that more “autopilot” system — not to mention get things rolling again for Black Friday.
Happy to answer any questions, I hope that helps!