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by unohoo
5245 days ago
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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 |
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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.