Boutique has gained an immense popularity in last few years and the scope of boutique business is growing at a faster pace. Well, it is a viable and fun filled business for women who have a fashion sense and knowledge of fabrics etc. It is a profitable business in India that does not need much investment. You can start it from your home, but this is a digital world now and you can run it from anywhere. You need to have a website that lets you do business as per your need. This is a perfect platform to sell apparels where visibility is vast, and you can reach to more customers.
You need to have good and reliable suppliers with whom you can get in touch through your contacts or meet them online also by searching them on directories etc.
If home is not a perfect place or you want to get in touch with customers personally, you can also buy a shop at lease or on rental basis during initial stage. Most beginners usually do this and set up their own shop after earning profits. This is useful in many ways, where you can contact customers online also and meet them personally.
You need to register your shop at an initial stage and attain a license. This needs to have a PAN number and TAN number, also do VAT registration, shop lease registration, service tax etc.
The next step is to find suitable sales executives for your store who are efficient, experienced and reliable too. An accountant and manager must be hired to reduce burden.
The amount of investment depends on size of business. If you are starting it at a small level, then you can go with minimum amount; instead, you can get a loan from financial resources for start-up.
Well, most people think if it is a profitable business or not. Let me tell you no business is easy to start but if you are capable and have a sense of running it in a right manner, then you have chosen a right path for yourself. Just make sure that tough competition is in every business and you have to be updated to remain in long run.
In business of boutique, you need to select a niche market where demand is high. It can be kids fashionable clothes, men’s apparel, women clothing or maternity wear.
You have to think outside of box that can turn your consumers into esteemed customers. When demand is high and there is less availability of product, people will surely buy that product at any cost and this is one secret of success that can take your clothing business to the next level. You can even deal with clothing wholesalers that also has a wide scope. So, instead of selling to direct buyers or retailers you can deal as a wholesale marketer of your products and earn more profits as compared to sellers.
Whatever business you do, just make sure that your marketing efforts are reaching to your desired consumers and reaping benefits for you.