Clothing Business Plan Checklist

(No reviews yet) Write a Review
Clothing Business Plan Checklist

Clothing is fiber and textile element worn on the body. The wearing of clothing is mostly confined to human beings and is a trait of nearly all-human communities. The price and variety of clothing worn depends on body nature, social, and geographic courtesies. Some clothing can be gender-specific. Clothing affords shelter from ultraviolet radiation. Wearing clothes is also a social standard, as being stripped of clothing in front of others may be embarrassing. Clothes can shield against cold or hot conditions. Further, they can provide a hygienic limit, keeping dangerous and toxic materials away from the body.

 Clothing Industry Statistics India

It has been estimated that the Indian Clothing Industry will strike around 108 billion dollars and is expected to reach 223 billion dollars by 2021. This clothing industry engages over 45 million people directly, and 60 million people indirectly. The Clothing Industry in India offers around 5 percent to India’s gross domestic product (GDP), and 14 percent to overall Index of Industrial Production (IIP). The Indian Clothing industry is the extensive shares to India’s trading with almost 13.5 percent of the country's whole commodity of 42.2 billion dollars.

Trends in Clothing Industry

  • New retail concepts
  • Personalization and custom experience
  • Athleisure morphs, grows
  • Subscription services
  • Smart stores
  • The phone as a store
  • Intensifying volatility
  • Shrewder shoppers
  • Generation correlation
  • Upstream technology
  • Digital assistants styling shoppers

How to start a Clothing Line

  • Coming Up With a Great Name for Your Clothing Line
  • Trademark Your Clothing Line Name
  • What Type of Clothing Line Do You Want and Designing It
  • Manufacturing A Clothing Line and The Cost To Do It
  • Marketing & Advertising + How To Sell Your Clothing Line To Retailers and Directly To End-Customers
  • Managing Your Clothing Line

What to Do Now

  • Determine viability
  • Create a business plan
  • Figure out the money
  • Choose a industry name
  • Incorporate/ figure out legal structure
  • Apply for an EIN
  • Apply for Business licenses
  • Register social media websites
  • Set up a website
  • Open a business bank account
  • Get a sales person or sales team
  • Get a mentor

Business planning is a fundamental key in promoting a clothing business so that it operates effectively and efficiently. The planning of business includes a garments business plan that helps organizers and enables them to develop their business ideas systematically. Many clothing ideas have failed because they did not sketch marketable products with a proper business plan.