How Can I Acquire Wholesale Baby Fashion Clothing for My Business?
Have you ever wanted to start your own business? During these tough economic times, one must think very carefully before embarking on a new business venture. One must find a product that is always in demand and will continue to have a market. Additionally, it would help if there were a way to acquire that product for a cost that is much lower than what one plans to charge for it – the difference between wholesale and retail. A baby is born roughly every 8 seconds in the United States. Each newborn represents a new customer, who will need thousands of dollars worth of goods like diapers, food and regular and fashion clothing in the first year of his or her life.
Therefore it makes sense for a budding entrepreneur to consider opening a store that caters to the needs of newborns. There will always be children born each year so there is no chance of running out of potential customers. Also, because of how quickly an infant grows in the first year of its life, he or she will need to acquire all new wardrobes several times in that first year.
One other thing to know about this market is that these days, women are waiting longer before having their first child. In the 70s, the average age of a first time mother was 21 while today it is 25. One reason for this shift is the economy, as parents are taking the time to ensure that they are in a stable financial situation before they have kids. What this means is that parents have more disposable income to spend on their newborns. Because of this, a shop that sells designer clothes for newborns will have a very large number of potential customers.
When selling designer clothing items for infants, it is a good idea to find stylish, unique designs that the major chains will not have, at an affordable price. The best way to find these items will be to buy wholesale baby clothes. Be warned however that many online merchants use that distinction to lure in unsuspecting parents who believe that they are getting a good deal. So then how can one spot a legitimate distributor?
Legitimate businesses will only want to work with actual business people, so they will ask to see several forms of documentation to ensure that they are working with shop owners that will be placing frequent orders. Interested buyers may be asked to show a copy of their business license and/or their tax ID. They may also need to provide an Employee Identification Number (EIN). It is also preferred that buyers use a business checking account or credit card to pay for their order.