To start a sock company you need to determine your area
of interest. Are you going into manufacturing, wholesale or retail?
To succeed you need to develop a trendy product that is
cost effective and profitable. Here are a few ideas on how to start a sock
business.
Sock Business Franchise
You could go into manufacturing, wholesale or retail.
Another option is sock business franchise ownership.
Going into a partnership franchise will reduce administrative
costs, staff wages and marketing. Other benefits are assistance, lower startup,
branded product and provision of educational material.
Most companies provide franchise members a comprehensive catalog of stock designs. A wholesale purchase effectvely reduces overall cost of items at
retail value.
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Advantage
of Franchise Business
- Reduced administrative costs
- Fewer staff
- Free marketing
- Assistance
- Lower startup
- Branded product
- Free Educational material
- Purchasing catalog
- Retail value.
Types
of Socks
There is a huge verity of sock designs available in
stores. As an entrepreneur you need to get acquainted with trendy footwear.
Socks could be cute, classy, contemporary, boring or fun.
They provide protection against cold, dirt and absorb our sweat.
They have come a long way for the monochrome color to
different prints and hues. The footwear can be classified by length design and
functionality.
Common types are the tight high socks, knee length socks
and calf length socks. Others include quarter length, ankle length, and mid-calf
length socks.
Thigh high socks offer a sensual look while knee length
ones are common to uniform regiments. Calf length/crew length ones look sporty
while ankle length socks are ideal for low cut shoes.
- Tight high socks
- Knee length socks
- Calf length socks
- Quarter length
- Ankle length
- Mid-calf length socks.
Why
Socks are So Important
Socks are very important because they add value to our lives.
They look nice while absorbing sweat, cuts and bruises. The footwear absorbs
shock, blisters, cold and prevents dirt.
Sock
Company Legalities
The legalities apply to manufacturing, wholesale and
retail companies. You need a value added tax registration and insurance.
Apply for a trade license and patent a trademark
name/logo. Incorporate the business as a LLC, partnership or sole proprietorship
business. Your products must comply with quality standardization requirements.
Related High Profit in Leather Goods
Sock
Making Equipment
Sock making is automated this ensures quality of the
product. Basic equipment’s are steam press, trolleys and over-lock machine.
Others are dryer tumbler, automatic power sock knitting machine,
hydro-extractor and sock setting machine. Purchase a single cylinder sock
machine with latch dial needles. The machine can make embroidery patterns have
double welt.
- Steam press
- Trolleys
- Over-lock machine
- Dryer
- Tumbler
- Automatic power sock knitting machine
- Hydro-extractor
- Sock setting machine
- Single cylinder sock machine
Sock
Material
The product is made from different material that is elastic
and durable. Common raw materials are spandex, olefins and nylon. Others include
polypropylene, polyester, wool, acrylic and cotton.
Marketing
the Product
The product is highly popular and in demand. Manufacturers
can barely meet the industries requirement.
Cheaper high quality socks and fashion wear are pointer
to the demand. Manufacturers could establish sales outlets or network with
wholesalers.
Other sales outlet are supermarket stalls, malls, fashion
stores and cloths merchants. Use radio and television advertisement including
print media to sell your products.
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