5 Key Steps to Starting A Fashion Business
Start writing a post
Politics

5 Key Steps to Starting A Fashion Business

How much does it cost? Is it too costly? Where can I get help? Can I be able to really do this?

909
5 Key Steps to Starting A Fashion Business

Many common threads of doubts and anxiety might appear to a Fashion Startup or an Emerging designer while working through the establishments of their fashion business. Before starting up, you should know that launching a fashion business can give you an overwhelming, intense, and all-consuming experience. You have to run your business 24/7 with an endless amount of dedication, passion, energy, discipline, and often, sacrifice. You have to be able to operate each and every aspect of your business. If you want to build up a successful label, then you must have to be 100% dedicated.

In this article, we'll walk you through FIVE key steps to starting a fashion business that will help you to build the foundation of your fashion business.

  1. Design and Development: The nuts and bolts
    The most exciting fashion labels around the globe such as Ganni, manage to have a range of planning, a collection of designing/development, an establishment of the fits and developing patterns, production samples and a selection of trims and fabrics. If you want to be a successful one, then you must have these tactics within your reach. It's good to make a budget from the beginning, it saves you from overbuilding your collection. Every style needs money to develop.
  2. Production and Supply Chain: Moving and Shaking
    You'll need to have a manufacturer to help you put quality control methods in place. Then you need to manage the production and shipping of your services.
    Some difficulties might appear such as high costs, margins on construction capability, shortage of raw materials, and so on. You may also face challenges such as high minimums, travels costs, the logistics of importing, language barriers, etc. And you have to learn from these challenges, no matter what supply chain you decide on.
    Try to spend more time researching and developing this process. Consult with the experts if you think you're lacking experience in sourcing.
  3. Sales and Distribution: Set up shop
    You need to think about your sales and distribution before having a studio, garage or a spare room full of stock. You can sell your collection online at the beginning but you have to decide a wholesale strategy later on. You should never leave a chance to underestimate the required planning and investment while building an e-commerce site. You need to make yourself as much educated as you can. Here are some questions from me to you:
  • Do you the available platforms to build an online site?
  • Do you know the necessary assets of other brands?
  • Do you have any idea about the legalities of trading online?
  • Are you aware of SEO (search engine optimization) and digital marketing strategies?
  • Do you know how to pick, pack, and fulfill your orders?

Make sure that you have answers to all the questions above before starting up a business.

  1. Marketing and PR: Tell the world
    You need to have a well-considered marketing and PR strategy. You can take press releases, influencer outreach, Google AdWords, paid social media advertising campaign, and so on into consideration. Famous Danish brand Ganni, had a separate budget for this step during the launch period and still having it in the ongoing period.
  2. Finance: Pay the bills
    You need to have an idea about how you're going to fund your business. If you underestimate this, it will cost you an enormous amount of pressure during a phase which should be rewarding and exciting. So, manage your cash very carefully.

Don't be afraid to ask out for help. There are a lot of experienced people to help you on your journey. Do your research. Spend your time and finances into the right advice with which you can save both time and money in the long term.

Related Articles Around the Web
Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

Why I Don't Believe In Religion

I used to be comfortable with religion, but now I'm uncomfortable.

6980
Rebecca Jarrett

I’m not one of those people who doesn’t believe in God because“if there was a God, why would He let such horrible things happen?” Saying that because sometimes bad things happen, there must be no benevolent higher power, to me, makes about as much sense as saying that because sometimes it gets dark, there must be no light.

Keep Reading... Show less
Featured

In Honor Of Mental Health Awareness Month

An open discussion on how much we need an open discussion on mental health awareness

6330
Ashley Wen

Odyssey recognizes that mental well-being is a huge component of physical wellness. Our mission this month is to bring about awareness & normality to conversations around mental health from our community. Let's recognize the common symptoms and encourage the help needed without judgement or prejudice. Life's a tough journey, we are here for you and want to hear from you.

Keep Reading... Show less
6 Confessions Of The Celibate Christian Girl In College
https://www.instagram.com/p/Bb2e_E-Hht5zoyCPBvqeHTMT91WxQwNcv34Iyg0/?taken-by=thejaniyawinchester

Do you endure a lot of persecution as a Christian but remember when you decided you wanted to "be like Christ"?

Didn't Christ suffer persecution? Didn't he suffer people talking about him, betraying him, determined to misunderstand him, and hate him?

Keep Reading... Show less
Featured

15 Affirmations To Remember During Mental Health Awareness Month

Let's lift each other up, because we are not our thoughts.

8952
15 Affirmations To Remember During Mental Health Awareness Month

Odyssey recognizes that mental well-being is a huge component of physical wellness. Our mission this month is to bring about awareness & normality to conversations around mental health from our community. Let's recognize the common symptoms and encourage the help needed without judgement or prejudice. Life's a tough journey, we are here for you and want to hear from you.

It's a topic that needs to be talked about way more than it should, especially in today's world: mental health. Whether it be anxiety, depression or O.C.D. (or anything, really), we have come to learn as a society that it's okay- and even more beneficial than you think- to openly talk about experiencing what almost everyone does inside the complex mind.

Keep Reading... Show less
Featured

We Must Speak Up For Abortion Rights Despite The Supreme Court's Intentions

A leaked document revealed the Supreme Court intends to vote on overturning Roe v. Wade.

7993
We Must Speak Up For Abortion Rights Despite The Supreme Court's Intentions
https://twitter.com/TRF_Stories/status/1523595310593110016

When Amy Coney Barrett was sworn in by the Supreme Court, she insisted overturning Roe v. Wade wasn't on her agenda. That landmark case made it possible for pregnant people across America to legally choose whether to have an abortion. There are many reasons a person would want to terminate their pregnancy. Money, age, health and sexual assault are just some of the reasons a person would choose to get an abortion.

Keep Reading... Show less
Facebook Comments