Because of the increase in living expenses day by day, it’s a great business idea to open an online store, selling secondhand clothes to people around the world who are unable to buy and wear expensive clothes. Become a marketplace for secondhand clothing, shoes and even hats. Buy and sell secondhand fashion or provide a trade space for it.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
Clothing is a basic need of human-beings and a way to express oneself. Prices of new quality clothing can be too high for some folks and this is your opportunity to step in.
Millions of people around the world are unable to enjoy perks of new branded clothing. On the other hand, there is so much of benefit for the selling side to make money with the old clothes instead of throwing them away or keeping them unused. Secondhand clothing provides this prospect for people to buy and
wear branded clothes, because they are just like new ones at highly reduced cost.
It is a tremendous idea for new entrepreneurs to consider a retail business that sell secondhand clothing. With Business Titans you will be able to do even more with this idea to position yourself on the markets.
- Online Store: E-commerce is your most important and most profitable channel. Open now an E- store to offer secondhand clothes worldwide.
- Flea-market booth: Renting a booth on high traffic area, and on popular events will certainly, help grow your business.
- Storefront: If thing run well, consider opening a store front in popular malls, town centers and business centers. Business Titans can support you in the choice of the right location.
Additionally, there would be enormous increase in your business revenue if you combine all three methods of marketing and distribution. Get in touch with associations and schools, too.
The startup cost will be low, but your success will depend on the right business model and marketing budgets. That’s actually a great profit potential, so consider this opportunity.
THE KEY BENEFITS OF THIS PROJECT
- You can enjoy high level of comfort and improved client service though flexibility.
- Your products can be bought at very low-cost if not for free.
- Very big market potential with smart marketing strategy.
- Profit potential is very high with very low startup investment.
- Business Titans can support you all phases of your project, including professional project planning, financing, marketing, franchising and expansion.