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It makes no difference that your designs
are the greatest and your look is unique,
every business must identify a realistic
target market and concentrate on selling
to it.
We are in the business of getting customers
to buy our products and services. A wide
variety of sales techniques and strategies
are available. You can target your product
at retailers or wholesalers who then resell
to their customers, you can target your
product directly at the public, selling
directly to the end user, or you can do
a combination of both.
Look at these recent enquiries to show
how designerhelp.co.uk can help you improve
your sales
Question:
When my collection was ready, I phoned all
the 'top stores' in London to arrange appointments
to show my collection and after a week of
hitting "brick walls" I am at
my wits end. How am I going to sell my collection?
Answer:
Unfortunately you've stumbled upon a well
kept secret of the fashion business. The
'top stores' rarely see or buy from new
suppliers unless the designer has won awards
or has generated publicity that make the
stores think they can make money from selling
the label.
Independent retailers who sell 'designer
wear' are situated in every city and most
large towns across the UK. There are many
more independent shops selling designer
wear than "big stores" and you
should be targeting these retailers. Starting
off with your nearest (geographically),
walk in and have a chat with the owners,
not to show them anything but to talk about
what you do and who they sell to.
.
Our
confidential advice service will help you
create a sales strategy appropriate to your
individual needs.
Question:
I have been trading for 5 years. I design
and manufacture fashion wear and supply
15 independent retailers. I am Manchester
based with 8 of my customers situated in
the Greater Manchester area. My first and
largest account has told me that he will
not buy from me this season unless he has
exclusive sales rights on my brand in Greater
Manchester. Help!!
Answer:
I had a very similar problem last century
but managed to pacify all my retail customers
that were competing in the same towns. I
was a French high fashion importer and distributor.
Unlike you, I was buying finished product
in rather than manufacturing it, offering
up to 30 new styles a month. I gave every
retailer exclusive rights on the styles
that they bought from me for their trading
area. (Wilmslow, Altrincham, City Centre,
Bolton, Oldham etc etc). You could increase
the number of styles in your collection
to accommodate this or you could offer this
"prime" customer a sub brand!
Your name on the label along with the retailers
and design it
exclusively for him. You may have to think
about imposing a minimum quantity on him
if you cannot sell the collection anywhere
else. You may want to email me directly
on this one, as there are other relevant
suggestions.
Our
confidential advice service will help you
maximise your sales without upsetting existing
customers.
Question:
I have accumulated a large number of samples
from previous seasons, which are taking
up valuable space in my studio and a friend
suggested I arrange a sale direct to the
public. Someone else mentioned Party Plan.
I know little about either option - can
you help?
Answer:
Party Plan is selling direct to the public,
generally from peoples homes. Customers
are contacted by the party holder, generally
friends and family. There are very few overhead
costs attached to this option. The party
holder is generally paid 10% of the total
takings (agreed beforehand). This 10% can
be added to your retail price, which does
not change your profit margin. The retail
customer actually pays the commission rather
than your company overhead. You still have
to organise delivery and pick up of the
stock, hopefully a low cost / no cost situation
can be found.
A direct public sale will involve you in
the cost of hiring a venue, insurance, transport,
advertising, staff etc. If appropriate,
you could use your studio, which is less
costly, but if it is not centrally located
you will have to spend more on marketing
the event.
Have you thought about contacting your
retail customers at Sale Time and offering
them these samples on a sale or return basis?
The retailer will pay you for the goods
as and when he sells them. You will have
to carefully monitor the sales on a very
regular basis. When I had my wholesale /
import business I had retailers who would
only buy from me at Sale Time, often on
sale or return basis. It helped them make
extra sales and helped me clear space for
new stock.
Our
confidential advice service will help you
turn your stock over effectively and keep
your Bank Manager happy!
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