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Making Money With Licensed Sports Apparel |
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Submitted by Rosemary Lane
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Research shows that the sports apparel industry grows by more than 5% each year. This is as people have become more health conscious and want to be fit and look like those stars often seen on television.
Coming up with a brand may be difficult since there are a lot of players already competing in the market. The best thing to do now will be to sell these licensed sports apparel to consumers either by putting up a shop or setting up an online store.
The first that the person should do is to get a business permit. When the documents are ready, it is time to write a letter to companies such as Nike or Reebok that is willing to allow the individual to become a distributor.
In most cases, these companies won’t have any problems in having these items sold by another store. The individual will be allowed to choose from various lines that cater to different sports or just get what is left after the official stores have concluded the buying of these goods.
The key to making money will be finding a good location to set up shop. The mall is the best place and the individual should design it in a way that is appealing for shoppers. Some of this can be hung in the wall while others can be folded neatly in display shelves.
Most companies that sell licensed apparel will get these products at a discounted price. It is up to the entrepreneur how much to mark it up and make a profit so the money earned can be used to replenish or buy new ones when the next collection comes in.
The rules for setting up an online store to sell licensed products is more lax than having a freestanding shop. This is because all the person has to do is make a website then buy these goods in bulk to get a bigger discount then mark it up to sell to the consumer.
The individual should make sure that the website can be seen by putting keywords or tying up with the major search engines so this can easily be found by people.
The person can never go wrong with selling licensed sports apparel. The entrepreneur should be sure that the delivery of the ordered product will be shipped on time since the customer has already paid for it via credit card.
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