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?
Marketing is a good idea, but figuring out your brand strategy and your target audience and who your niche is before you market is an even better idea.
There are a ton of retail clothing shops, and many of them are failing. What sets you apart and why? What does your customer base look like? Where can you find them?
I have a branding workbook I send to my clients to help them dial in this vision. Let me know if I can send it to you to help.