Sometimes, specialization is your key to success, especially in rough times. As promised, we’re here to deliver some helpful business ideas to keep you going in a tougher economic climate, and one of the best methods we’ve found for success is in cornering a niche market for women’s wholesale apparel.
A niche market doesn’t have to be anything exotic. Here are a few tips to help you corner the market in your local neighborhood.
+ Know your demographics Marketing is a prime way to gather information to help you better serve your customers. By sending out mailers, e-mails, and by using word of mouth, you can not only lure people into your store, but you can find out what they need. Keep track of who visits your site, how old they are, what they buy, etc. You’ll be able to stock what they want more easily that way.
+ Specialize Are you the only formal wear store in your town? In plus sizes? Do you offer custom tailoring? Or maybe you’re where all the trendy teens like to shop when they’re not up for a long drive to the nearest mega mall. Play up whatever makes your store special. Have a large selection of it. From Red Hat Society to Prom, be the best in your area.
+ Customer Service This cannot be stressed enough. These days, when a trip to a huge chain is as easy as getting in the car, you have to make your store special not only through great pricing, but through impeccable customer service. Answer questions knowledgably, be extra courteous, and ensure that your staff can do the same when you’re not in. There’s no comparison to great personal service, especially when the alternative is a curt cashier in an enormous chain who doesn’t care about the product or the customer.
+ Unique items When you buy stock, look for items that simply can’t be found in the larger stores in your area. Items with different cuts, or exciting prints. If your customers know that they will get interesting pieces at your store, they’ll bypass the larger one-style-fits-all chains.
