Taking into account your store's location, image and audience, it's time to draw up a real-life business plan.
Budget for cost of inventory, rent, deposits, advertisement, staffing and potential unforeseen expenses.
The costs of starting a secondhand store vary widely, depending on where you're located and what kind of store you're going for, but opening a consignment store can cost anywhere from $2,000 to $10,000.
Once you have those numbers down pat, determine how you'll price your products to aim for eventually turning a profit.
In fact, we work with both small companies and big clothes grading factories on a regular basis.
We have built up quite a reputation in both London and beyond.
In fact, this is one of only a few recession proof industries.
After all, people are always going to need clothes.
Sift carefully through donations to find the best brands.
For consignments and at auctions, aim to buy at the lowest price possible.