Do you want to start a home-based business in the apparel industry? Find here a detailed guide on how to start a profitable garment business from home.
If you want to start a business that you can operate in your spare time, you can consider this business. Additionally, this type of business has numerous advantages.
Individuals those have family responsibilities and want to earn money, starting a garment business from home is an ideal option for them. Hence, the business is perfect for housewives, moms, and even for students.
Even, if you have a 9 to 5 job, you can operate this business. Here in this article, we intend to explore how to start and operate this business with minimum financial risk. So that, you can initiate the business with fewer mistakes.
Pros & Cons of Starting Garment Business from Home
- First of all, you can start the business with a minimum investment. So, you don’t need to arrange a lot of capital for initiating this venture.
- Secondly, you can operate the business with the comfort of your home and with other responsibilities.
- The business allows you to operate on a fractured time schedule as per your specific time hour availability.
- The business has the potential of earning a good profit as the overhead costs are very low.
- At any moment in time, you can expand the business in numerous ways.
- You can’t expect a huge profit and turnover from this type of business.
- As you operate from home, everyone can’t be your customers. You must select a specific niche audience for your business.
Readymade Garment Industry Overview
Generally, the readymade garments industry includes a wide range of products. It offers specific dresses for women, men, kids, and seniors.
According to the fabric, it includes cotton, silk, and other man-made fibers like nylon, polyester, viscose, spandex etc. You can find numerous different items as shorts and trousers, denim, hosiery, fleece flats and woolen knits, technical fabrics and so on.
However, it is a continuously changing as far as the fashion trend is concerned. The dresses which have immense popularity these days, you may find those obsolete in the next year. And definitely, there will be some new designs, patterns, and styles.
Start Garment Business from Home – Basic Steps
Find the Broad Niche
As you want to start the business with a small investment, you must select a broad niche. As an example, determine whether you will sell the means garments or women garments or kids garments.
If possible, check the demographics of your area. Remember, you can only address people around you within 3 Kilometers. In addition to that, if you are women, it is better to deal with ladies garments. You can provide a comfort to the women clients at the time of buying products.
Select the Products
Selecting the right product is somewhere a make or break decision. If you offer the right product, you can get success from the very first days. And with the opposite, you may land up with the fewer sale in a month.
As you operate the business from home, don’t try to keep lifestyle products initially. Rather, keep the need-based items. In addition to that, try to cater a wide variety to your specific niche. So that, you can give choices to your clients.
As an example, if you go with ladies garments. keep items like tops, skirts, socks, scarf, jackets, jeggings, leggings, jumpsuit etc. And the most important, try to offer undergarments. Ladies always prefer buying undergarments from a lady.
Find Right Suppliers
This is definitely a tough job for a startup. Home-based garment business is not about procuring products and selling those items. There are a lot of thoughts you need to put becoming successful. And definitely, you need to be very clear what exactly you want.
As you are not producing the products, you must procure the items that have good quality. Ensure, that your items don’t bleed colors. Consult with the wholesaler about the MOQ (Minimum Order Quantity). Never buy a huge quantity. Rather try to offer new collections fortnightly if possible.
Setup the Store
When you operate the business from home, you don’t need to design the store like a commercial one. However, you must have an arrangement of keeping the materials in the organized way. In addition to that, keep the space neat and clean.
Simply, you can use a steel or wooden rack for keeping the items. Provide sitting arrangements. Consider having enough lights in the room. It is mandatory. Also, provide a broad mirror on a wall. People prefer to check the dresses in the mirror. Have an arrangement of packaging. You will need to give at least a packet for the dresses that people buy from you. These simple actions will definitely keep you standing out from the crowd.
Selling the item to the first customer smoothly is highly important. It provides confidence both you and other clients. In the opening day, arrange an evening party. You can offer simply coffee with some other snacks. Just show your collections to them. Definitely, include your friend circle, relatives, and community people.
How to Expand the Home Based Garment Business
Definitely, after running the store successfully for a certain duration of time, you must think about expansion. However, if you don’t have any prior experience in this trade, have enough time to learn the business. Simply, try to understand what you shouldn’t do and what works.
There are several ways you can expand the business. The natural conclusion of a home-based garment business is having a retail store. However, if you want to be as home-based, then also you can expand. And in that case, adding different product range will help you in enhancing the sales revenue. You can think about different items in the apparel segment. Some of the most potential items are accessories, handbags etc.
Starting a readymade garment business from home doesn’t demand any type of educational background or experience. So, this is an opportunity any individual can consider for earning money from home.