Welcome to the Business Ideas section. Watch this video, I’m going to give you a quick start guide on how to start a lingerie business online. Globally, the lingerie market is expected to hit $55 billion by 2024. So, where’s your piece of the pie? Are you looking to start a business without much stress? If so, then I think the lingerie business would be just perfect for you.
So, here’s what you’ll need to get started:
Get a Business Plan - If you have no idea how this business operates, I recommend you first download a business plan at Bplans .com.
Next, you’ll need a Supplier - If you want to get started right away, I recommend googling “dropship lingerie suppliers” and choose a reliable vendor. The benefits of this is that you can start it even if you don’t have a lot of money. You can have thousands of products for sale in your store right away without actually needing to buy any of them. Or, if you’d rather buy and store your own inventory, google the words “wholesale lingerie suppliers”.
Then, Register your business & apply for an EIN Number - You can easily get started with just an LLC. I recommend you use MyCorporation.com to get this done.
After that, open a Business Bank Account - Once you get your incorporation paperwork and EIN, You can work with your local bank or choose a new one to open a business account.
Next, Setup A Website - I recommend BlueHost because they are the most reliable for e-commerce stores and there are a lot of lingerie templates available for wordpress.
After this, Setup a Merchant Account - I recommend paypal or square, I only use those two to accept payments online.
Last, Get a Logo & Marketing Materials - I recommend 99 Designs, the lingerie company branding process is quick and their customer support for new customers is amazing.
Now, that you’re all setup...Where’s the money going to come from? Here’s what you’ll need to sell in order to take a check to the bank:
Since you are a lingerie store you can choose from a variety of items to sell. The most popular are bras, panties, corsets, garters, nightgowns and robes. You’ll want to diversify your product offerings because this will help expand your customer reach.
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Now that you’ve got a handle on it, Do you think this is a business you could successfully start?
Cheers to your success,
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