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by unohoo 5245 days ago
It is for this reason (2.x markups) that I am working on an ecommerce startup idea. I like the idea of selling actual product, making actual revenue and knowing what your margins will be.

While manufacturing your own clothing is much more involved and logistically complicated, its relatively easier to become an online retailer and buy clothing at wholesale from existing brands and sell that. That also helps me mitigate my risks (my domain knowledge is technology and not apparel manufacturing/sourcing).

On a side note, I am currently looking for co-founders. I have a technical background and have almost completed coding the site. If you are interested, my email is in the profile

1 comments

I used to be in the fashion business for a while. I owned and operated a number of brands, sold to major national/international retailers. However, from my knowledge the major issue with ecommerce is stock/inventory. Inventory is a huge problem since it is a cash hoard, and because of ecommerce/ brick-mortar retailers die . The basic problem: you have to buy before you sell, and what if you buy wrong? Most retailers/e-tailers underestimate how big of a problem that is.

Also, a lot of times, retailers will have 30-60 day payment terms, which is basically the time you have to turn over the inventory. Also, if you do not sell (in fashion) it becomes stale quick and then you have to sell at discounted prices.

I am around to help if you need any advice etc. Have a decent amount of knowledge in this area.

Hi, i'm part of a tiny startup working on a subset of this problem, and would love to pick your brain on a few of the challenges you mentioned. If you're willing to help out with some advice, what's the best way to contact you?
do you have a contact email ? mine is in my profile.