In this installment of questions Dee from India asks about starting a business selling high end designer handbags from Italy.
Here is Dee’s Question:
Dear Andrew, I’m from India and i wish to open a retail store of handbags from Italy …can u help me ..i wish to know how can i source them from wholesalers..also what are the wholesale markets there plus also good dresses and garments..i wish to cater good quality high end stuff ..i have no clue,,can u pls put light? regds and love dee
Thanks for your question Dee, Italy is a good place to start looking for designer clothes as many of the top designer brands are Italian, but there are a few points to be aware of, firstly top designer brands are not cheap, even at wholesale prices you will still be paying $50 – $60 for some items sometimes more depending on what type of clothing you want to sell, designer handbags for example will be more expensive but underwear and T-shirts would be less.
Another point you need to consider is Import taxes, this will vary depending on which country you are importing to and from but you will need to be aware of how much the import taxes are in your country as you will need to pay them when the goods enter your country, these costs will need to be factored into your per item cost when working out your retail selling price.
The other factor to be aware of is where you will find your supplier, you need to be careful here as there are allot of fake suppliers online that have great looking websites but the stock is really coming from China and they are all cheap and nasty fakes, also there are scam sites they will take your money and simply not send you anything in return. So make sure you check any potential supplier carefully, ask for feedback from previous buyers and research the business name online to see if anyone had had problems with them in the past.
Below are a few places I would recommend you can get started looking for designer stock, the first site is a paid resource but I have had allot of positive feedback from people that have paid for the membership and got some great quality wholesale contacts for top end designer handbags so if this is where you want to do business then its a small price to sign up and you can be sure you are getting safe a reliable suppliers which a a really big deal when you’re starting out.
The Gold membership upgrade for Wholesale Help includes access to my own contact list of wholesale suppliers which which includes designer clothes and handbag suppliers, you will also get my own personal help top build your new business, take a look at the details below:
Lastly is the Wholesale Forums a totally free resource with some great members with allot of knowledge and experience, you can join as a member and you will have access to the buying and selling section of the forums where you can find offers of wholesale products, though you will need to do your own checking and find out about any suppliers you do business with as I can’t guarantee every seller on there as I have not used many of them personally, the forums do some basic checks to ensure the identity of the sellers and that they are a real business but that does not ensure a smooth transaction so do your checks and be sure you are happy to buy from the seller first.
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