Looking for a resource or guide on “How to Start a Fashion designing Business In Nigeria”?
This article comes with a free business plan for a Fashion designing business in Nigeria.
WHAT YOU NEED TO START A FASHION DESIGNING BUSINESS IN NIGERIA?
Fashion design business is a highly proﬁtable business, the undying need for style humans can’t seem to satisfy can be exploited. So, if you are a maestro in designing chic and trendy threads, this post is for you.
The skills needed to start up a fashion design business in Nigeria are listed below.
- Managerial skills
- Creative skills
- Marketing skills
- Negotiation skills
- Time management skills
To start a fashion design business, you must be prepared to think and act like an entrepreneur.
- Write a business plan
A lasting business has to be planned for. Plunge into a business without preparing a business plan is a terrible decision to make, and a lot of people seem to do it, but that doesn’t make it right. That’s a terrible mistake. Don’t do it. If you don’t know how to prepare a business plan, outsource this to business consultants to do.
2. Know your target market
Do some research to know what trends are eye-catching, what people are talking about, and what people like these days. The purchasing power of your customers? The answers to these questions will surely come in handy when you focus your marketing strategy on attracting the exact flock of customers you want.
3. Have an oﬃcial website
The internet is a bank of information and people use it a lot especially when sourcing for the choice of products and services. Get your target audience to see your business by putting up an oﬃcial website. Do this before you oﬃcially launch your business, it’s better to create awareness for your business before you get it off the ground.
4. Your capital requirements
With a sum of N500,000, you should be able to start up a fashion design business and grow it to a bigger outﬁt. This money should cover some indispensable factors of production like rent, labor, and the acquisition of equipment needed to get your business up and going.
5. Materials and equipment needed
The basic materials and equipment needed to start up a small fashion design business are listed below;
- Sewing machine.
You will need a complete set of sewing machines.
- Sewing materials.
Sewing materials like thread, pins, tape rule, needle, scissors have to be purchased.
- Generator set.
A generator set should be purchased to help power your equipment when the power goes out.
- Pressing irons.
These will also be required for the straightening of clothes.
- Weaving machine.
This machine is used as a ﬁnishing instrument to make your work much neater.
- Embroidery machine.
This machine is used to make designs on clothes Furniture. Furniture ﬁttings will be required for sitting and also work tables.
6. Have a brand identity.
Having a brand identity will help you in building a brand identity that is different and unique from you’re the rest of the fashion designers.
IS FASHION DESIGNING BUSINESS PROFITABLE?
Now that you know how to start a fashion designing business in Nigeria, As for the profitability of the business, your proﬁt largely depends on the number of jobs you get and the number of jobs you can complete. For this reason, it is recommended that you seek to hire as much labor as possible so you don’t end up rushing through jobs and delivering mediocre services and also ensure the smooth running of your business.
How To Download The Fashion Design Business Plan Template PDF and Doc (with 3 years’ financial analysis)
Above is a part of the fashion designing business plan template in Nigerian. In case you need the complete business plan, follow the procedures to download it.
Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the fashion designing business plan in Nigeria to your email address where you can easily download it.