According to the figures, Europeans are the biggest fashion consumers in the world. This concerns the sale of clothing, shoes but also textiles.
Do you want to get started in creating a textile sales business? Do you have all the information you need to successfully complete your project?
What does the sale of textiles consist of?
Creating a textile sales business consists of offering a clientele fabric and accessories which will then be transformed into clothing, curtains, or the like.
The project is therefore different from that of opening a clothing or shoe store. It is then about ready-to-wear and the sale of finished products.
Steps to prepare for the creation of a textile sales business
Like any entrepreneurial project, the creation of a textile sales business cannot be improvised. It is necessary to follow certain steps upstream.
Market research
A real job of collecting and analyzing information, market research is essential.
It allows the entrepreneur to identify the characteristics of the market related to his activity and to make the right decisions as well as to reassure any financial partners.
Business plan
It is used to indicate whether the project is viable in terms of business profitability and to determine financial needs.
Market research helps in its development. You will calculate the costs to be expected to buy the fabrics, the sales prices to your customers according to the chosen margin.
Banks study this document carefully before deciding whether or not to accept a loan application.
What are the different possible legal structures?
When you create a textile sales business, you must choose a legal structure for it.
Several options are available to you that should be carefully studied to choose the structure best suited to your project and your needs.
Self-employed status
It has many advantages:
- Quick, simple, and inexpensive registration procedures;
- A simplified tax and social system;
- If the company does not make a turnover, social contributions are zero;
- No obligation to hire an accountant.
However, the status of auto-entrepreneur is often not very advantageous for the sale of textiles because the personal assets of the entrepreneur are not protected, the annual turnover is limited and VAT is not deductible.
Create a company
If you are several partners, these types of legal structure have common characteristics:
- protection of personal assets
- deduction of creation VAT more expensive than for AE;
- social contributions to be paid even if CA absent;
- strict accounting obligations.
Textile sales company: finding the right location
Your textile sales business will be domiciled in a store. To choose a location that will be clearly visible to passers-by, several criteria must be taken into account:
- Proximity to varied and dynamic shops;
- Busy street;
- Proximity to places of life;
- Mall.
It will therefore be necessary to go in search of premises to rent or to buy, which will not, of course, require the same type of financial investment.
The room should allow presenting an attractive window to attract customers but also a room to store your stock of fabrics and other accessories.
Textile sales company: make yourself known
You plan to offer quality products and your future customers should know it. You will need to put in place different strategies to make yourself known.
This will require a certain investment in all that is marketing and communication: flyers, e-mail campaigns, social networks but also word of mouth which will allow your store to acquire a good reputation with your customers.
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