How Do You Buy Inventory For A Boutique?
Boutique owners may find it hard to figure out how much inventory to buy. You don’t want too much inventory as that can result in huge losses. If you don’t provide enough inventory, you’ll lose sales to people who are looking for an item you chose not to stock. Although buying inventory is not an exact science, you can create the right inventory with the help of a business plan and budget. Focus on the target audience mentioned in your business plan. For example, for younger women, you might not need suits or conservative clothes, or any hats other than the very trendiest kind. For older women, focus on more conservative clothing that has a trendy bent. Think about how much your target audience will spend by reviewing the price point outlined in your budget. Your inventory purchases should reflect customers’ potential spending power. If your boutique is located where people spend money, provide more inventory. If your boutique is located in a less wealthy area, provide less inventory.
