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How to start a thrift business in Ghana

Updated

The short answer

Start by buying a few selected pieces rather than a whole bale, so you learn what your customers want before risking much. Choose pieces you can picture a real customer in, clean and photograph them, and price from the cost of the pieces you can actually sell. Announce new stock as a drop, and keep a list of buyers to tell first.

In this guide Pieces first, bales later
  1. Pieces first, bales later
  2. Price from what you can sell
  3. Make every piece ready to sell
  4. Sell in drops
  5. Questions people ask

Pieces first, bales later

Markets such as Kantamanto in Accra sell both whole bales and hand-picked pieces. A bale is cheaper per piece, but you can't see most of it, and some of it won't be fit to sell. Selected pieces cost more each, and you know what you're paying for. While you're learning what your customers buy, that's worth more than the discount.

The early hours matter. Sellers pick from bales on market days and good pieces go fast: one Instagram seller told Graphic she has to be at the market by 4 a.m. She also stopped buying whole bales, and now buys from dealers who do, so she can choose what she expects to sell.

Price from what you can sell

Don't divide what you spent by every piece you bought. Divide it by the pieces you can sell.

An example: you spend GH₵ 1,000 on 40 pieces, and 10 turn out stained or torn. Your cost is GH₵ 1,000 ÷ 30, about GH₵ 33 a piece, not GH₵ 25. Price from GH₵ 33, then add transport, washing and your profit.

Make every piece ready to sell

  1. Wash, iron and fix what's quick to fix.
  2. Photograph it in daylight, on a hanger or on a person.
  3. Measure it flat, in inches. Thrift sizes can't be trusted.
  4. Show any flaw in its own photo.
  5. Give it a number, so buyers can say which one they want.

Sell in drops

Every thrift piece is one of one, which is your advantage. Tell people when new stock lands, and release it all at the same time, the way market sellers talk about first selection.

  • Announce it a day ahead on your Status: "New drop, Friday 7 p.m."
  • Message your best buyers before you post. The same Instagram seller keeps a list of clients so she can offer them new finds first.
  • Set one rule and keep it: for example, "first to pay gets it, holds last two hours".
  • Mark sold pieces quickly, so nobody pays for something already gone.

Keep your orders somewhere better than your chats

One store link, and an order book for deposits and instalments. Free to start, with no monthly fee.

Create your free store

Questions people ask

How much do I need to start a thrift business?

Less than you may think, if you start with selected pieces rather than a bale. Spend only what you can afford to have tied up for a few weeks, then put what you earn back into the next buy.

What does first selection mean?

The first pick when a bale is opened, before other buyers go through it. It usually means better pieces at a higher price.

Sources

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