Fashion related businesses are either huge conglomerates,
mid range establishments or small scale. Some are even more flexible using the
homestead format.
The fashion industry is exciting because it deals with
beauty products and services. Entrepreneurs with a passion for fashion can have
fun doing one of the fashion businesses we highlight.
The scope of your involvement depends on your vision, financial
involvement and target. To start in the fashion industry you need to first find
a niche, and develop a business plan.
Any aspiring entrepreneur needs to carve a niche and
discover the sector that best appeals to them. The fashion industry is large, we
have health and fitness, couture, accessories, and fashion related services.
You can go into manufacturing, wholesale or retail end of
the market. Decide which business appeals to you based on your interest and
level of expertise.
Have
a Business Plan
The business plan makes execution of your project easier.
It should cover funding, inventory, equipment, location, sourcing of products,
branding and marketing.
An effective business plan is like a blue print that
guides your every move.
Get Finance
for your Business
The scope of your fashion enterprise dictates how much
money you need. The manufacturing end of fashion industry is more capital
intensive than retail or service.
Get funding from personal savings, family, friends and
bank loans. Another method is getting a partner to share the cost or a core
investor.
Business
ideas in the Fashion Industry
There are many businesses in the fashion industry to
consider and earn money. Here are a few lucrative business ideas in the fashion
industry.
Homestead
Tailoring Business
The homestead tailoring business template is low cost, easy
to execute and profitable. You need to learn the trade or hire skilled tailors.
The job can be operated either full time or part time and you can expand your
operation or keep it moderately simple.
Homestead tailors sew cloths for neighbors, school
uniforms and party cloths. Other choices are children cloths or specializing in
one gender.
Start up costs for this business is between $1500- $9000.
The business is operated from home and limited to your locality.
Apart from getting sewing jobs you can create your own customized
outfits and contact retailers.
Related reading:
how to start a sewing business from home.
Teach
Jewelry Making
Teach others how to make jewelry and make lots of money. An educational institute makes lots of money
from tuition fees.
It is not difficult starting a small tutorial school on
jewelry making. You can operate the business either as a home based business or
find a suitable location.
To attract students advertise your services through
electronic media, billboards or posters. Other equally effective method to get
students is newspaper publications.
To succeed in this business you need to have a fixed
duration between each course. The lessons should have a definite time frame
from beginner’s class to graduates.
Startup cost is about $10,000 and you can operate it
either from home or school. The business can be run either part time or full
time.
Lingerie
Shop
Women love lingerie and lingerie shops do lots of
business. To start a lingerie shop you need to find a good commercial location.
Then buy high quality lingerie and showcase them in the
most elegant of settings. The business is mostly retail and it costs $9000-$45,000
to start a good lingerie business.
It is possible to operate it both online and offline. To
sell online you need to have a website, accurate description and size of the lingerie
and other important information.
After checkout you do the shipment and handling. A good
lingerie shop with high quality brands and good reputation will succeed.
Perfume
Business
There are two ways to get into perfume business. You can manufacture
your own perfume or sell retail.
Making your own perfume isn’t that hard all you need is
knowledge and a good laboratory. You may need local government registration and
certification.
The beauty and personal care product is a big seller any
day. You can start a perfume retail business with $10,000 can operate from home
or a shop. The business format depends on either part time or full time.
To make additional income sell online from an e-commerce
store.
learn more about perfume business
Customized
Jeans
Fashion conscious people love to look different and are
willing to spend. Why not sell customized blue jeans online and in a shop. The
business can be done from home or a jeans shop.
The amount of merchandise you have depends on your budget
and sales. The business is either full time or part time and requires moderate
funding.
Jewelry
Business
Jewelry sell all year round start making money from jewelry
business. You need a very secure shop to do jewelry business. Create your own jewelry
or source them from reputable dealers.
If you want to operate from home then sell online. You
need a very powerful website to attract buyers because you will have lots of
competition.
The business can be operated full time or part time and
startup cost is about $9500.
Leather
Fashion Business
Leather fashion is high fashion and has lots of
customers. Leather products include bags, jackets, shoes, traveling bags and face
caps. Leather wear is lucrative and you can start with $15,000.
The business formats includes manufacturing, wholesale or
retail. Leather fashion industry is big business check this write-up on
starting a small leather bag business.
Manicure
and Pedicure Business
Manicure and Pedicure entrepreneurs need a salon to
service customers. Find a good location and equip your shop. The business is
related to beauty and personal care industry of fashion.
To succeed you need to learn the art of manicure and
pedicure. You can operate from home or a salon and setup cost is $5000
Second
Hand Cloths Store
Second hand cloths are popular because they are cheap and
present a bargain. You can start this retail business with $2000 and operate
from home.
Easy ways to sell
your goods is from the back of your bus or at a flee market. The enterprise is
purely cash and carry.
Safety
Cloths
Safety cloths are hot sellers especially to factories and
construction firms. Operators of this business get contracts from companies in
need of such outfits.
To start the retail business you need at least $10,000
and you can operate it from home. Safety cloths include hard hats, vests, tool
belts and gloves.
Sewing
Institute
Start a sewing institute
and inspire the new generation of tailors. You need experienced teachers,
location, teaching aids and government approval.
Other
Fashion Related Businesses
Here is a list of some more lucrative fashion business
ideas
1
Used children cloths
2
Sports wear
3
Uniforms
4
Become a personal shopper
5
Image consultant
6
Knitting
7
Jewelry
8
Leather fashion
9
Wedding gown
10
Lingerie shop
11
Modeling school
12
Vintage cloths
13
Hand bag manufacturing
14
Fashion design school
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