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Even though nations across the world are beginning to show the green shoots of economic recovery, young mothers are still tentative when it comes to their own economic future. However, while the job market remains something of a work in progress, there are even greater opportunities that await you in the world of entrepreneurship and e-commerce. In fact, thanks to advances in technology and the retail market, starting your own online fashion store can set you well on the way towards financial independence in 2012!
How Easy is it to Open Your Own Online Fashion Store?
Let's be honest, no business start up is ever easy, but the world of commerce is now geared towards making entrepreneurship more accessible that ever before. Unlike a decade ago, you do not need huge sums of disposable income, a bank loan or a physical store front to trade, and with even the bare basics it is possible to establish an e-commerce fashion outlet that can grow and earn you a vital additional income. Here's what you need to get started:
A computer and Internet connection: With nearly 90% of households now owning a computer, this should be something that you have easy access to. Not only this, but advancements in broadband speeds have delivered quicker and more reliable Internet connections, so you can set up and manage your store front easily. Interaction with consumers is key, so good quality hardware will stand you in good stead.
An Online Store Front: Again, while this may sound daunting by itself, it is as simple as opening an account of e-commerce websites like Lulu or Ebay and establishing a presence from where to sell your goods. With a basic structure and the ability to upload imagery of the products that you intend to sell, your store can look both professional and extremely contemporary.
Access to Affordable Clothing: The key to a successful online fashion store is its ability to sell high street quality goods at discounted prices, and thanks to genuine wholesalers such as SiiC Clothing this is easier than you may think. These outlets purchase items in bulk from retail shops, and then sell them onto to independent businesses. Products can be brought in packs as small as 4 or 6, which allows you to develop your business steadily and organically.
Invest Only What You Can Afford: Remember that while these small packs of clothing can usually be purchased for the recommended retail price of one, it is still important to develop a clear pricing strategy and work within a budget. For example, if you buy 6 Jane Norman coats for £69.00 (and the high street price per single item is £55.00), then selling them at £30.00 each more than doubles your investment while giving your customers a huge financial saving!
With these points in mind and a responsible attitude towards initial investment, it is possible to develop an online business from scratch. In these tough economic times, having the ability to create your income is the greatest assurance that you can give to both yourself and your family.