Resale and the Economy NARTS: The Association of Resale Professionals
Choosing a poor location goes back to failure reason #1 and understanding business fundamentals. Consider not only rent and overhead but also the demographics, work habits, and even the physical traffic patterns of potential shoppers in your neighborhood. You have other eco-friendly options like outfit repeating, repairing old clothing, and buying consignment. You can also look into your local Buy Nothing, Facebook clothing swaps and local yard sales. Limited understanding of target market preferences One of the key reasons for the failure of secondhand shop businesses like ‘Retro Finds & Future Heirlooms’ is a poor pricing strategy and value perception. … Continue reading
