How much can you expect to make by owning a boutique?
People get into the Boutique business for a lot of reasons. Wanting to stay ahead of the latest niche trends, the dreaming of leaving your 9-5 job. The awesome news is that it has never been easier to be a boutique owner. Find out what the average boutique owner salary is in the United States.
What kind of boutique?
One of the first questions you have to ask yourself when opening your boutique is how much initial investment am I putting into it? A lot of times this can be a major determining factor of your boutique owner salary. In Boutiques, as in any business, the more you are willing to invest the more you can possibly be rewarded.
For example. If you start a small, online shop with a couple of dozen items that you offer on a weekly basis to your Instagram followers It could possibly take a few years before you can draw the $100,000 salary I’m sure you are dreaming of. On the other hand, if you invest $150,000 in products for your physical store and find out there isn’t a market locally you might lose your business. It’s all about doing your research.
Boutique Owner Salary Research.
Start by talking to the successful boutiques you already follow. Ask them how they got started and when they started making a profit. Find out what pitfalls you can avoid. The more you learn, the quicker you can start seeing income.
Remember to invest in brands that offer you the most for your business. You may find items that are beautiful but their markup prices are entirely affordable. You may also find some really inexpensive items in the import district only to find that every gas station in a 200 mile radius is selling them.
Invest in brands that are willing to invest in you as a business.
One of the reasons we developed our brand was for boutiques. We saw countless boutiques that had great management, great plans but couldn’t find their market so we decided to develop products to help boutique owners.
According to Bizfluent the average salary for a Boutique owner in the United States is around $51,000 topping out at around $140,000.