B2B Online Trading Tips for Apparel and Fashion Buyers

The apparel and fashion industry is one of the most growing industries in the world. Be it kid’s, men, or women apparels, uniforms and unisex apparels, fashion and apparel segment rules the industry. Apart from being fashionable and glamorous this industry requires all types of online and offline skills to keep going and to stay on top.

Nowadays, presence on the B2B marketplace helps the fashion and wholesale clothing to reach different segments of society irrespective of the geographical limitations and bridge a gap between clothing manufacturers and a potential buyer.

In order to have a smooth sailing through a B2B channel, here are some security tips that every buyer should keep in mind while conducting a trade with a supplier:

Identification check of the Supplier And Company:

The best way to check the authenticity and to reduce the risk of fraud while trading online is to conduct proper due-diligence before entering into any transaction. Although B2B marketplace is an easy medium to get connected with the relevant suppliers, lack of in person meetings to carry out business makes it necessary to conduct proper research before setting up any trading relations with the supplier.

Here are some steps to reduce the risk of supplier’s fraud:

A complete company profile consists of information which can be both verified and unverified. Here are few must follow steps to know the authenticity of a supplier:

Company Name along with city and province

Business type: If its manufacturer it means that the supplier is only selling products it manufactures. Manufactures are equipped and trained in specific production lines because of which they are highly specialized in their specific product line.

Trading Companies: There are some trading companies, which are independent while others own, or are owned by a manufacturing company. Although everybody tries to avoid the middleman, there are many companies in world which export their produce using Trading companies. Here is where trading companies play an important role. There can be some companies which offer no added value and dealing with those suppliers will only raise your costs.

Checking the quality of the product

It is said that a good manufacturer is not the one who is completely free of quality issues but the one who is constantly monitoring the quality during productions. Make sure that the supplier guarantees you to get back to you on time if the clothing purchase turns out to be defective and should have a proper system in place for how to manage the quality issues of clothing material. According to ISO compliance a product requires more than having a quick check before they are packed and shipped. Every supplier is required to inspect the raw materials and components before production, set up inspections during production and does a final supervision after production.

Garment Sampling

Apparel and clothing samples are very important and are meant to be developed, tested before starting the bulk production. Sampling is one of the main processes in apparel and fashion industry and plays a vital role when doing business online. As buyer place the final orders only after verifying the quality of samples.

The sample decides the ability and perfection of an exporter on how he carries out the business. It helps the buyer to judge the exporter and the organisation he belongs. If the samples are of good quality and at a reasonable price, it will naturally attract the buyers to place the order.

Doing business on a B2B portal can be a relatively new frontier but if not negotiated strategically can result in added costs and extra work hours for both a manufacturer as well as a buyer.

Determinants of a Rewarding Fashion Buyer Salary

Nature of Work

Salary of a fashion largely depends on the nature of work. Opening a fashion outlet or a boutique gives a low start, but; ensures higher returns in the long term depending on the creativity and market sense of an individual. Obviously; working for a retail garment store, private fashion outlet or a fashion store adds up to the returns of a buyer, as it provides the required practical exposure and professional training.

Skills and Experience

A degree in fashion designing or fashion management is enough to start off the career of a fashion buyer. But, a good amount of relevant experience at a retail outlet or fashion outlet is always a must to get a high start in salary. Being analytical, logical, organized and strategic also increases the monetary gains of a fashion, as these skills determine the scale of business.

The creative spark present within a candidate makes him earn a large amount of money in the long run. That means, higher the creative ideas, higher the returns of a buyer. In addition to these elements, a high degree of self motivation is required to face the highs and lows of this hectic profession.

Knowledge of Market Trend

Understanding the past, present and future market and fashion trends is equally important for a fashion. Tapping the scope of innovation, launch of new fashion design, identification of new fashion apparel markets and timely elimination of the outdated fashion apparel makes up the market sense of a fashion buyer. More the fashion sense and knowledge of market trends, more the fashion buyer salary.

How To Shop As A Fashion Buyer

Clothing stores of all levels are always full of the season’s latest fashions and these styles aren’t just automatically shipped to the stores from the factories. Fashion buyers have to decide what is going to be sold in their stores and they choose each individual piece themselves. Then they order the quantity and it’s delivered to their stores to be sold. So how do these buyers find all of these fabulous pieces for the stores you shop in?

Fashion buyers have a few different ways of coming across clothes for their stores. They can visit local designers if they’re the type that likes to carry high-end, limited clothing. Or they can order pieces from factory magazines and have large quantities shipped. What happens for most stores that are mid-level and not looking for mass or limited quantities, is that they attend apparel shows.

Apparel shows are conventions where fashion designers and buyers can meet in one place and make orders. It’s often times a one-stop-shop for fashion buyers to fill all of their stock by choosing from hundreds of vendors in one location. Fashion designers and distributors from around the world will fill convention centers with their clothing, either samples of a large quantity or the entire stock of a limited design, and buyers come from all over the country to order the latest trends and styles.

The latest trend in apparel shows is the Virtual Storefront an online version of a vendor’s collection. Buyers can go online and view the entire stock or just a special selection of what the vendor has to offer before they visit the show, giving them a chance to decide who they would like to visit. The Virtual Storefront also provides fabric information and pricing to make shopping faster and easier on the buyer who has hundreds of stores to visit in a matter of days.

Not everyone has access to this temporary shopping mall, in order to access apparel conventions a buyer has to go through a long list of certifications to be sure that they’re not just the everyday shopper looking for a bargain. Buyers have to supply things like a business license, imprinted business check, merchant credit card, personalized business identification and proof of possession of the actual retail store that the clothing will be sold in.

Buyers have to take their jobs very seriously because they are setting their stores up for success for the next season. They have to choose the next big fashion statement so that customers will buy out their stock and make room for the next season’s apparel show finds. The life of a fashion buyer is not as glamorous as it sounds, it is hard work. The fashion you wear today is the result of a fashion buyer’s research and time spent ordering clothes from a wide-range of suppliers.