Let’s face it! Haven’t we all been there, that one time, when we thought a simple 5 minutes craft video could help us design or redo our entire wardrobe but we all ended up ruining our T-shirts and jeans, didn’t you?
Well, let’s leave that to the professionals.
Clothes are like a good meal, a good movie, great pieces of music said Michale Kors (You can probably identify him with that “MK” logo and those high end and in- vogue bags) irrespective, his quote still stands.
Fashion and trends in clothes today and particularly in this era change faster than the dates and days on the calendar. One celeb appearance in sweatpants and the trend for trousers are long gone
The Indian apparel market is likely to be worth $59.3 billion by 2022 making it the 6th largest in the world of which Ethnic wear makes up 71% of of women’s wear spending.
Because of the largely unorganised fashion industry the demand to experiment fashion, trends, patterns in clothes from various designers either international, Homemade and national designers have also been increasing to make a fashion statement in the society.
This recognition-need among consumers and their constant need to keep up with the ongoing trends has bought an opportunity for you of Homemade clothing business
Homemade clothing business involves stitching, dying, designing the clothes to be worn on a small scale and selling it in accordance with demand through a retail outlet or with support from an online/e-commerce support
The market potential for this business is huge contributing to the following factors
The potential for this business can be defined and further elaborated on the following basis
On the basis of type of fabric demanded
On the basis of types of clothes made
On the basis of decoration on fabric
The licenses required to set up this homemade clothing business is
The investment required to set up a homemade clothing business is ₹10000-₹70000
The profits which one can make from this homemade clothing business is ₹50000 per month
The target consumers for this homemade clothing business are
The area required to set up this homemade clothing business is 100-500 sq ft
The raw materials required for setting up a Homemade clothing business is
The machinery required to set up this homemade clothing business is
The manpower required to set up this business is
Moreover ample training in terms of the following must also be provided with
The business model of a homemade business can be defined using these four variants
The homemade clothing business has witnessed and has the potential for the following growth prospects
The profit margin you are likely to yield from this business is 30%-40%
You should probably worry about the outfit you’ll be wearing tomorrow and not about the decision of whether or not to take up this business opportunity because we’ve got it covered for you, here
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