Thinking Of Starting A Fashion Designing Business? Here Are 9 Things To Do
One of the most lucrative businesses for women is the fashion business as it is rapidly expanding and creating a source of income for numerous women. If you are thinking of going into business, the fashion designing business is perfect if you have got love for clothes, designing and sewing. You could start large or small, it all depends on how much you have.
Here are some tips to help you:
1. Get in the right mindset
The principles of building a successful business is the same all over the world; so regardless of the business opportunity or idea you are pursuing, you will never find success if you lack the right mindset. Why do you want to start a clothing line ?
Are you doing it for the passion, money, fame, etc? Having the right mindset entails that you understand that success is not an overnight venture. You must also be prepared to face business challenges and stiff competition of the fashion industry.
2. Understand the fashion industry
The fashion industry is a rapidly changing one; trend come and go just as the sun rise and sets. For you to succeed in the clothing line business, you must thoroughly understand your customers and their taste. You must possess the ability to foresee trends, months before it hits the market. Most importantly, you must be creative and flexible in your tactics.
You would also need to conduct a market research to understand your potential customer’s tastes , preferences and expectations. Because the fashion industry is seasonal in nature and changes are made everyday. You have to be able to keep up with trends in the fashion industry.
3. Write a business plan
In every starting business, a plan of action is important. For your clothing line to be successful, you need to identify your target market and learn the kind of products that they buy. It will be good to have a part-time job in a clothing store that caters to these individuals to see what sells and what does not. Here is a sample clothing line business plan template to help you get started.
Also, you need to ask questions from different stores and customers regarding products, the price and the quality. Make a list of materials and other things that you need for the business together with the projected cost of operations within the year.
Analyze your manpower needs to see if you need employees and if you do, how many will you hire? Organize your plans and identify possible constraints. Compile all this in one report, so that you will have a guide to follow.
4. Create a bank account for your business
You should also create a separate bank account for your business, so that your personal expenses can be separated from your business expenses. You may have to register your business legally before you can open a business bank account.
5. Design your Clothes
The most exciting part of the process is designing the clothes. Make sketches of clothes and choose which will go into your collection. Identify items that sell and appeal to your target customers as a guide for the collection.
This is one tip on how to start a clothing line. Also make sure that the clothes are trendy and capture the right look for the season in which you are going to release it. If you have no design skills, i advice you seek the services of a professional clothing designer .
Next, you should test the potentials of your business by showing them to your friends and family for constructive criticisms. For those criticisms to really be constructive, you have to ensure that the people you show your pieces are fashion savvy and understand garment construction and design.
6. Find a Manufacturer
Where will you get raw materials from ? You need to figure out where and how you are going to get your fabrics and other items that you would need. To get started, you need to find a manufacturer who will be creating your clothes .
Provide all the needed details to make sure that you are going to get desired results. Be aware of terminologies for different garments and weights or how thick the fabric must be.
7. Advertise your clothing line
Who are your customers and who are those that you would sell your products too and how do you plan to reach them? If you plan to start supplying boutiques and online stores ,how would you achieve this?
You need to carefully strategize how to break into the market and get customers to patronize you especially since you are a new entrant into the business. You should also consider having your own retail store to carry your brand too.
You can start promoting your clothing line by creating a page for it in social media sites. Here, there will be a lot of people who will definitely see your product.
Have your clothes or products advertised by celebrities by giving them some of the clothes for free. Better still, wear the clothes you made. This will help in promoting your brand and gaining feedback about it in order for you to make improvements.
8. Talk to retailers
Retailers like boutique owners and online store owners can help you sell your designs faster, so you should search for some of them and talk to them about carrying your products in their stores.
Fashion business, the competitor is not your enemy but your friend. The fashion business is based on a whole lot of networking, so you would need to know as many people as possible to help you make more sales.
You should consider attending industry events, fashion shows and meeting as many people as you can in the industry. People who have been in the business longer than you may be able to offer you some few tips and tricks to help you survive in the business.