Five Tips For Building Your Own Fashion Business..
June 28, 2016 by Staff
Filed under Money/Business, Tech/Internet, Weekly Columns
(Akiit.com) Research endlessly
Every business needs to make sure they get their market research down. When you’re designing a clothing line, you need to make sure there’s a market for it. You need to pay attention to trends. You need to make sure you have something unique to offer amongst those trends. Most importantly, you need to make sure you’re not inadvertently copying someone’s existing idea. Fashion is fast-paced and broad. You need to always be researching to stay viable.
Being up to snuff
You also need to make sure that your clothes have the quality and standards they need to stand up in the market. Not just because there are always legal standards that the businesses need to follow,
including product safety. The quality of the fabric is something else that’s going to dictate what kind of brand you want to build. For example, people will generally look more favorably towards natural fibers than synthetics. It’s as much about touch as it is about composition, too.
Catching up to the tech
In terms of actually managing the business, there are a lot of different processes to keep track of. Inventory management. Product design. Marketing. Order management. As a lot of fashion businesses are in charge of selling as well as production, you need to be able to keep track of it all. That’s where software comes in handy. Whether you’re using separate suites or multi-channel fashion software. You need to get to grips with making tech an important part of your business.
Building connections
It’s not all about how you handle the process side of things, however. You’re also going to need people on your side. Whether it’s for publicity, getting retailers or otherwise. Make the best of the networking opportunities you come across. Attend trade and fashion shows. Take advantage of LinkedIn to find your peers. Treat them as people, not just as their job titles. Building connections is an important part of being an entrepreneur, so don’t neglect it.
Taking it online
If you’re taking your fashion business online with a store, then that’s a whole other factor to consider. Ecommerce has not only made it easier for businesses to sell their own clothes. It has also resulted in a more competitive market. You need to not only design an online boutique that’s clear and easy to use. You also need to market it as much as you would market your new clothing line.
As a business, fashion is different from a lot of the other industries you might hope to get into. It’s an industry that runs on passion and taste. It’s as much about art as it is about selling a product. You need to have the right creative mind to go with the right sense of commercial viability. Then you also need plenty of business sense and starting points to jump off of. This article is going to assume that you already have the passion and creativity you need. Instead, we’re going to look at other aspects of the business you will need to succeed.
Staff Writer; Larry Love