Wholesale clothing suppliers in LA: business strategy
Welcome to Matilda by true Love, wholesale clothing suppliers in LA. Matilda by True Love was founded in 2011, with the objective of design and create fashion with a unique style that makes every woman reflects their inner beauty. We are committed with our customers; each of them is unique and special for us. That’s why we work really hard to create and bring the best trends of fashion for them, using materials of excellent quality and unique designs so that your store stands out from the rest.
In this post we want to share with you some tips to make the strategy of your business work properly and thus achieve all your goals in the short and long term. Developing a business strategy is about understanding where you are now and where do you want to be and solving the most important question: how can I get there?
As wholesale clothing suppliers in LA, we know the problems that your business is facing so we always need to have clear ideas about how we are doing our work, where we are going and how we are going to achieve it. The three main elements that we must contemplate are: development, implementation and selling. This part is about identifying your potential customers, what products and services we will offer to customers and finally, how we will do the various activities to achieve your strategy. Keeping track of these three tasks will ensure success because you know your market; you know what they want and how to sell it.
The strategy for a wholesale clothing suppliers in LA is a difficult task because you have to make difficult decisions and have clear ideas. Sometimes, you want to have more clients and you may end up losing the initial objective. For this reason, it is important to make decisions about the clients you will serve and to be very clear about whom you will not attend; this will prevent you from losing resources and money in people who are not your target and you can increase your income. Then, you must decide the products you will sell and what benefits you will bring to your customers; this means identifying why your clients are going to choose you. Probably one of the most difficult tasks is to select the activities on how you will sell your products. Customer service is essential to the success of your business.
For your strategy to work, you must put some key points into practice. The first is that you have to make sure that your strategy is unique; this means that you must be very clear about who your clients are in order to be able to offer them something different that they want and to be very clear about how you are going to do it.
The second is to make difficult decisions; it means to be very clear about where you are going. Some of the most common mistakes we make are leaving open options, paralysis analysis (not making decisions and letting time decide because it stresses making the decision), seek growth without analyzing the strategy of the company. Sometimes by wanting to grow uncontrollably we can lose sight of the goal. By not grow orderly we can lose ourselves between the use of resources, expenses that we did not know or want to cover so much that the essence of the company is lost.
Every company, (no matter if it is a boutique or a single store) must have values and incentives for employees. People are what make a company so they must follow certain values to represent it, in addition the incentives serve to recognize people for their work and that they feel motivated, work happy and feel a connection with the company. Nowadays, employees no longer seek a salary, they want to work for a company with which they identify themselves, feel that they are contributing something and thus have an emotional commitment with the company and the achievement of the objectives.
Another very common error is that in many cases the values, objectives, mission, vision or strategy are not communicated to the employees, so they do not know what they are working for. Remember that it is not enough to just say it, you have to be sure that the employees understand what you are talking about, where you are going, what you expect from them and motivate them to achieve the strategy.
Normally, companies start doing urgent activities but not those that contribute something to the business strategy. Every task that the people of your organization do, it must be measureable; this way you will know if they are doing the work and you will be able to recognize them if they do their job well.
It does not matter if you are retail or a wholesale clothing suppliers in LA, you should keep in mind that the strategy can be flexible, if something does not work you can change it, is not static. In addition, you must set a time limit for the ideas and check if they were achieved. This way you will avoid making big lists without fulfilling them, the objective is that what you think is done. In addition, we must remember that strategy ideas can come from any employee, not just top management. We can ask the opinion of the people who work with us to have new ideas and to complement them so that they can make a great idea. This will create commitment in your employees because they know that they matter to your organization, that you listen to them and that the company cares about their ideas and growth.
In Matilda we are wholesale clothing suppliers in LA committed to the quality of our products, we seek to offer you the best designs at the best price to make your business stand out from the rest and be able to obtain great profits, while making your customers happy. Our goal is to empower women with our products so that they fulfill their dreams, looking confident and trendy at the same time.