Have you noticed how busy stores that sell tuxes are? Picture this the boys taking measurements and fitting in their tuxedos, others just looking around while the customer attendants try to explain why an outfit is better than another one. If you are thinking of opening a Parma wedding tuxedo shop, here are some things you should know:
Step 1: Make a Business Plan
Every business needs a plan, whether written down on paper or simply in your mind. The plan can be as simple or as complicated as you would like. It could just be a statement or several papers that show how you will be buying and selling or renting tuxedos. Your plan should not be a reaction to a wimp (what you saw in the tuxedo shop you visited) but a commitment to your business.
Step 2: Get Funds
You need funds for starting up your business and keeping it operational before sales start rolling in. You can get funds from your savings, a grant from friends and family or a loan from a bank. Look at the rebates and tax breaks in Parma that are likely to make it cheaper to start your business. The more sources of funds you have the better.
Step 3: Get a License
Get a business license before you open shop. Register your business to get a unique business number if you hope to sell customers in Parma and from the neighboring towns.
Step 4: Get the Tuxedos and Business Premises
It is not advisable to start your Parma wedding tuxedo rental business from your car or garage since you may not get customers even if your packages are overly cheap. Find a source where you will be ordering the tuxedos you will be renting out and a good place to locate your business. Ideally, look for a location that is easily accessible to your target buyers.
When stocking your store with tuxedos, make sure you provide a wide selection. The tuxes you stock should come in different colors, fabrics, styles, and designs. Also, offer other formal accessories to match the tuxedos you have in store.
Step 5: Advertise
Let people know about your newly established Parma wedding tuxedo shop by advertising through newspapers, magazines, on the web, on public buses and so on. Word of mouth advertising is also as effective as an email newsletter, weekly print ads, and the old direct mail.
Step 6: Start Renting Tuxedos
This is the reason why you started the business—to rent out tuxedos. Start renting tuxedos for any formal functions, be it weddings, launches, dinner parties or product launches. Offer the tuxes at fair prices fair so you don’t scare customers away. Ensure your staff is knowledgeable on different tuxedo trends and are friendly to your customers. You could also offer discounts to customers who order wedding tuxedos in bulk.
Tip: As the business expands, stock tuxedos that are trending to attract more customers. Never let latest fashions pass you by. Follow the above steps to set up your own tuxedo renting business in Parma.