Fashion industry im Nigeria is a multi billion dollar industry. Fashion design is a business in Nigeria that has a record of highly successful people in the fashion industry, both past and present. Fashion design industry is an industry that support and promote looking good, in this industry, you can decide your profit in this business. And the ground floor is also set for you to decide to go international with your fashion design business. Creativity is the watch word of every fashion designer in designing clothes for customers. Success in fashion design business is embedded in creativity.
The following are the few among the recognized names in fashion industry:-gorgio Armani, Ralph Lauren, 3 stitches, Frank oshodi, Duro Olowu, Casual and so many others. All of these names are doing well in fashion design business, as they are making billions of dollars. You too can become one of them if you get involved now.
Fashion design business is highly lucrative, you could be making over N150,000 weekly if started on a small scale. Yes that’s it. By investing small in fashion design business today, you can grow up to the level of the designers mentioned earlier in this article in few years to come.
To grab an understanding of the great potential of becoming very successful in this business, check out the names of few fashion designers and their net worth.
Gorgio Armani is a fashion designer mainly known for his men’s fashion from northern Italy, he is estimated have a net worth of 7.2 billion dollars, Gorgio Armani is one of the richest fashion designer in the world.
Calvein Klein has a net worth of 1.7 billion dollars. Calvin Klein started small as a fashion designer and eventually rose to his status today. Calvin Klein’s fashion products are some of the most recognized in the fashion market worldwide.
These names mentioned above started from somewhere before rising to their outstanding status today. So who says you can’t make it in the fashion industry? The market is becoming broad as more people get the awareness, meaning you could even achieve more than these names if you get more creative, discovering how to put your ideas into good use in fashion business.
A Fashion Designer designs fashionable clothes with exceptional elegance for individuals or groups of people. As a fashion designer, you need have fashion consciousness to be able to satisfy your customers, you have to design elegant and creative wears for them.
The following are the steps to guide you as you plan to become a fashion designer; we aim at giving you the business idea that can inspire you to make a move to acquire specialized training in fashion design.
You need to be trained as a professional in Fashion Design
A deep knowledge about how to put pieces of cloths or pieces of leaders together is required in fashion and design to make good fashion and become successful. To learn this, you must get a training in any fashion design institute. Training period is usually between 6 months to 15 months. Training will give you a firm ground to know every rudiments of designing and sewing clothes as well and more, because fashion is much more than cloths. You need to learn how to run a sewing machine, how to cut cloth to fit and so on.
You can get good training in some specialized places; just ask people around you to direct you on where to get good fashion design training. Make sure you get your training from professionals who are up to date with modern fashion trends. Do not get trained by local fashion designers who operate from local shops, I suggest you go to fashion design institutes where you could learn varieties of fashion design from professionals.
Get Your Startup Capital And Location Ready
To start up a fashion design business on a small scale, you would need an estimate of N250,000, but aim for something big if you can afford it. You need to invest in this wisely by getting a good location, good tools and equipments. You also need to employ very good goal driven support staff. This will ensure quality in your services. To have access to well paying customers, you would need a good location.
You need to rent a shop for the business. Renting a flat of 2-3 bedroom in good location will be most desirable and should be close to the customers. You should also consider your close competitors, if you have lots of close competitors in the area where you rent your shop, you might end up having a tight competition, so you have to consider this while sourcing for a good location.
Purchase The Equipment For Your Fashion Design Business
Some of the equipment needed in small scale fashion design business includes:
1. Three Or Four Pairs of Scissors; used for cutting cloth materials.
2. Tape Rule: For accurate size. measurements. For example you will need to measure your client’s hip size, waist size, full length and so on. How to measure your client accurately is part of what you will be taught at the training institute.
3. Threads: You will need to purchase different colors of thread, the thread is mainly used with needle work to sew clothes.
4. Needles: Needles are used with thread to sew clothes.
5. Chair: You need to get chairs for yourself and your customers to sit on.
6. A Complete Set Of Sewing Machine:The sewing machine will be used to join pieces of clothes together.
7. Table: You need table of different sizes for cutting clothe into patterns
8. A Weaving Machine: You need this machine to perfect your sewing and give it some outstanding outlook, this perfection makes your sewing very neat.
9. Embroidery Machine: An embroidery machine is used to make designs on clothes.
10. Generator: A generator; buy a 10 K.V.A generator to power your equipment when there is power failure.
With all equipment needed for your small scale Fashion Design Business readily available, having invested an estimate of N150,000 don’t forget about your shop rent which will cost about N450,000 annually depending on your location. This sums up your estimated total investment capital to about N600,000.
Potential Profit Margin In Fashion Design Business
Having invested an estimate N600,000 to start a fashion design business, you will be earning N150,000 or more profit weekly depending on the number of clothes you make per day therefore, you need to employ more hands to help you achieve your target number of clothes per day, and also to avoid disappointing your clients.
Cost of making a good cloth is about N8000 or more depending on your creativity and skill invested on the particular cloth, so if you can make at least 5 clothes a day, total amount made for the day is N40,000, multiply this by 6 days, that gives you N240,000 weekly. Deduct the cost of materials used on cloths, utility bills, wages of staff, and other running cost, estimated to be N100,000 you will be left with a staggering amount; N140,000 weekly!
With these tips above, you can be assured that you will be getting huge profits from investing in a fashion business. Make the move now and ensure you undergo careful analysis and investigation before you start this business, be aware of your chances of becoming successful, and above all, follow your heart!
and what you have passion for. Sivapex would love to hear your success story, challenges, question or if you need any advise from us. Don’t forget to leave a comment. Good luck as you venture into your new found business.