A swimsuit business is tough, profitable enterprise.
Although the business is lucrative there are not many companies that focus only
on swimsuit.
In many countries the industry is new and you can count the
number of companies produce swim wear. This is greater news for entrepreneurs
ready to cash into this virgin field.
A good swimsuit should be fashionable, trending, sturdy,
high quality and practical. Designing them are rather challenging because the
outfit needs to encompass all the above elements.
Other elements are effective sales, marketing, fabric
choice and design.
Fund
your Enterprise
Get funds from bank loans, cooperative loans, and
trade/micro finance banks. Sell equity in your startup company to core
investors. Try a partnership arrangement or target savings.
Write
a Business Plan
Write a good business plan to cover funding, feature
goals and feasibility study. Things included in the business plan are operational
costs such as equipment, staff, product sales, and factory location.
Other modalities are target audience, age demography for
your swim wear and pricing. Correct pricing is important to remain competitive
and relevant.
Factory
To manufacture your swim wear you need a dedicated
workspace. The business can work as home based business or in a factory.
The size of the enterprise and cloths production line dictates
the kind of equipment and space needed. It also correlates with the number of
staff hired in the production and marketing department.
You can run either an automated factory or hand sewn
swimsuits. Lease a large warehouse or manufacture your outfits in a designated
space at home.
The space should accommodate equipment like sewing
machines, lots of fabric storage.
If you don’t want to do the manufacturing yourself buy
directly from manufacturers and sell. Another way is to contract the production
to other manufacturers who produce and package them.
Manufacture,
Wholesale or Retail
There are three ways to approach swimsuit cloths
business. You can focus on manufacturing and sell to wholesalers or enter the
retail market.
Manufacturers are at liberty to open a retail outlet for
their products. To reach wider audiences sell your wears at departmental stores
and shopping malls.
Staff
Hire an experienced designer and professional tailors to
produce quality swim wear. You have factory staff, management team including
the supply and account department.
You need sales representatives to market the outfits,
drivers and security staff.
Equipment
Some equipment needed is sewing machines, desk, scissors,
and mannequins for designing the outfits. Others are sketch pads, design
templates and other items.
Swimsuit making is a highly specialized niche so you need
adequate training and professional assistance. You need a cutting table,
accessories and different fabrics.
Register
your Business
Register your business as a limited liability company and
select a good business name. You will need local government licensing and
permits. Other recommendations are insurance corner for business and staff
including tax considerations.
Make sure you have the patent for your designs to prevent
manufacturers stealing your designs.
Marketing
To reach customers create an identity to differentiate
the brand. Build a website to sell your designs and include a shopping cart. You
website needs lots of traffic to attract enough sales.
You can generate traffic by search engine optimization
techniques to increase visibility of your website. Other methods are through
directory submissions, quality content and guest blogging.
You can use Google Adwords and FaceBook advertisement to
get targeted traffic. Place advertisements in newspapers, and social media
platforms.
Network with people in the same industry and join various
associations. Join groups such as manufacturers associations, textile industry
and cloths industry.
Create a colorful brochure with images of your swimsuits,
description and useful information. Add your contact address, telephone number
and business name.
Contact large retail stores in your country and offer
your swimsuits to be displayed and sold in their stores.
Learn how to Open a Cloths Store
Learn how to Open a Cloths Store
Steps
to Starting your Swimsuit Enterprise
1. Creating
a business plan is essential to the success of your enterprise
2. Study
the industry and do lots of research
3. Hire
a designer to create sketches
4. Get
manufacturer to create your samples
5. Learn
everything you need to know about making swim wear.
6. Focus
on developing your business including future goals and growth
7. Have
a minimum order form and have specific payment terms
8. Offer
full package and offer custom prints
9. Test
your prototype extensively before rolling it out into the market
10. Build
a search engine optimized website for your business
11. Have
a good marketing plan
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