You may dream about opening your own apparel store. You’ve come up with a fantastic concept. E-commerce platforms provide tremendous options to get your business off the ground. Thinking about opening a store and actually doing so are two distinct things. It is quite difficult to create a niche for yourself where clients will flock to your brand and you will become a market leader. According to research, the online clothes sector is expanding and growing year after year. According to data, the retail industry was worth 102.5 billion dollars in 2021 and will be worth 153.6 billion dollars by 2024.
When someone asks you to go shopping, the first thing that springs to mind is those shopping applications and platforms that are brimming with the latest fashion and trends. This is because digitalization and technical advancements have completely altered the fashion, retail, and eCommerce industries. The pandemic had a significant influence on the economy, and many buyers were forced to shop online, a tendency that has now become the new normal in the fashion and retail industries. And as a result of this normalization, several e-commerce platforms and stores have flourished.
ONLINE vs OFFLINE SELLING
It’s an old-fashioned distinction to make between online and offline commerce. Ecommerce is a relatively recent trend in the fashion sector, but when it comes to the current economy, there are a few key differences to note. The introduction of internet platforms is the most recent revolution in the fashion industry. The rise of online shopping has reduced the dominance of physical retailers by roughly 27%, and this trend is anticipated to continue in the future years. According to a recent study, 67% of millennials and 56% of regular shoppers prefer to purchase in physical stores. While 15% of shoppers prefer to buy things online.
One of the most significant advantages of online selling is that it lowers the barriers to entry. It could take a few days or weeks, but establishing in a more traditional environment can take a lot longer and cost a lot more money. A clothes store will cost between $50,000 and $150,000 to open, whereas online retailers will cost far less. An offline store requires paying employees to run it, whereas an eCommerce business may be run as a stand-alone store that is open 24/7.
When the industry first began to flourish 15 years ago, it was one of the ideal moments to begin selling online. This is also an excellent opportunity to open your own online apparel store. The online clothes industry is a large market that is continually growing and evolving. In the United States, e-commerce revenue from the apparel, footwear, and accessories sector surpassed $100 billion in 2019. This rate is expected to double or triple by 2024, according to projections. By the end of 2022, this figure is predicted to have increased by 76 billion dollars. Opening a new online business will open up a world of possibilities and horizons for you to learn more about the fashion industry.
HOW TO START AN ONLINE CLOTHING STORE
- Find your own niche
- Choosing the clothing store product
- Choosing your online clothing store business model
- Outline of your online clothing store business plan
- Creating your own online clothing store
- Launching your online clothing store
- Bringing traffic to your online clothing store
Find your own niche
Before you fix the products, one of the first things you should do is decide on the fashion or clothing niche you want to focus on. Choosing a specialty can assist you in developing a business plan that will appeal to your target audience and ensure that your store is well-positioned. Setting a specialty that is specific can assist you in locating possible buyers. This will also help you build a product list that will appeal to your target audience, reducing competition and boosting the likelihood of long-term customer loyalty. HUMAN is one of the possible examples. Their specialty is pop culture, and they have a distinct bright humor expression that appeals to pop culture nerds. And the items they offer are one-of-a-kind: tees, hoodies, and socks. You now have a better understanding of how to select a specialty. Here are some pointers to consider while you define your niche:
- To stand out from the crowd, try to be as unique as possible.
- Pick a niche in which you are interested and enthusiastic.
- Consider whether you can contribute value and/or establish yourself as an authoritative figure.
- Confirm that the niche you’ve chosen has profit potential.
Choosing the clothing store product
There are two reasons for selecting the appropriate clothing items. The first is that the quality of your final designs is determined by the product and its features. The second step entails selecting profitable products. Here are some guidelines to keep in mind while making a product selection.
- Start small
- Fabric used
- Think ahead
Start small
It’s tempting to sell everything in the clothes industry since it’s like a sea. As a result, you can begin with a little step. If you’re adding on a lot of things that don’t sell well, it can be exhausting and risky. When you’ve started your journey, you can bring in the most essential things and adjust as needed.
Fabric used
The next step is to select the fabric. This is significant since the fabric type you select will determine the final output. Cotton, polyester, and fabric mixes are the three main types of fabrics utilized in the retail industry. Each of these has unique characteristics, so it’s important to learn about the fabric’s durability, maintenance, printing appropriateness, as well as how it feels and wears. For example, using DTG (Direct to Garment) printing, the greater the intensity of cotton in a garment, the better. Water-based inks are used in DTG printing, which adheres to cotton better than other materials. You must also pay close attention to the fabric’s thickness. This is because if the garment is made of thick cotton (such as sweatshirts or hoodies), the ink will permeate into the fabric, resulting in a faded appearance.
Think ahead
The garment sector is always evolving. You have two options for dealing with these changes. One option is to select things that are always in demand, such as t-shirts or hoodies. The competition for these products is extremely severe. Many enterprises sell hoodies and t-shirts, so you’ll need to think of strategies to stand out in this crowd. Another option is to create a store with a varied selection of products that are continually changing in order to change the fashions. You may quickly build a fresh design if a new trend emerges. You can add as many products as you want because you don’t have to invest in inventory. You can simply remove your product from the store if it is not selling well. And if you have a new design idea, you can immediately incorporate it into your product line-up to evaluate how it performs.
Choosing your online clothing store business model
You now have a clear concept of what niche you want to enter and what products you want to sell. The next step is to select a clothes business plan that is compatible with your online clothing store. This is where you pick if you want to create your fashion brand using a clothing manufacturer, white labeling, or drop shipping. Online clothes and textile stores operate under four different business models:
- Print-on-demand
- Custom-cut-and-view
- Private label
- Dropshipping
Each has its own set of advantages and disadvantages, and choosing between them should be dependent on your fashion store’s overall goal, as well as your budget, abilities, and possibility for employing staff. Let’s take a look at each of these in turn.
Print-on-demand
This is one of the simplest and cheapest sorts of online clothes company models. According to the data, the bespoke t-shirt market alone is predicted to reach ten billion dollars by 2025. These are the kinds of places where you can have your logo and design printed on blank garments and have everything done automatically. One of the most significant disadvantages is that these establishments typically have lower profit margins and offer limited alternatives for branding tags and other finishes.
Custom-cut-and-sew clothing business boutique model
This is a model for folks who desire to create their own clothing line. This model may be used to construct an entire clothing line from the ground up. You do everything yourself here, from designing your outfits to producing and fulfilling them. You can profit from offering a one-of-a-kind and customizable choice that suits your preferences. You will be responsible for identifying and arranging your own pattern makers and manufacturers, as well as fabric procurement and other aspects of the custom-cut-and-sew business. This implies you’ll need a lot of money and time upfront to get your ideal project off the ground.
Private label clothing store business model
Private label business models are essentially a hybrid of print-on-demand and cut-and-sew business concepts. This model allows you to customize your clothing line more, which is better than the previous one and requires less time and money than the cut-and-sew model. This is where you may purchase wholesale apparel and accessories to sell and promote under your own clothing label. Do you want to learn more about how this model works? You’ll start by purchasing blank or label-less clothing products in bulk, then customizing them with your own design, label, or tag before selling them. Because you can negotiate better rates for bulk purchases, this will be a lot more cost-effective than print-on-demand. There are certain disadvantages, such as having to handle fulfillment and inventory management on your own. There are platforms that can assist you in expediting the process, such as threadbare, where you can purchase and customize your garments and clothing. They also provide fulfillment services for customers that wish to keep their inventory under control.
Dropshipping clothing fashion brand model
This strategy is comparable to print on demand, in which you offer clothing that is fulfilled by wholesalers. This is a cost-effective option because you won’t have to worry about purchasing inventory upfront, storing it, packing it, or delivering it. One of the disadvantages of this strategy is that your product will be less unique, and you may find yourself competing with a number of other stores selling identical items.
Outline of your online clothing store business plan
Any large or small firm must have a well-prepared business plan, and a strong business plan will go well beyond “sell products, earn money.” Instead, it focuses on the specifics of how your company will operate, such as It’s time to layout your business plan, based on your niche, products, and business model. You should be required to sketch out your;
- Market (analyzing your potential buyers into segmented markets and target audience).
- Products (planning on your product and designs).
- Potential competitors (listing the top competitors).
- Online business model/fulfillment strategies.
- Brand identity/clothing company description (how to target your potential audience to view your clothing brand).
When it comes to e-commerce strategy, make sure you’re answering questions like where your traffic (possible customers) is coming from and how your products will appeal to them. It is critical to mention your pricing in your business plan. Consider the following line cost elements when determining the pricing per product:
- Equipment, web development, hosting, etc.
- Design and development.
- Production cost per product, including the samples.
- Labor and transportation
- Materials
When you have a good understanding of your budget, you can work on the margins, which should be approximately 30% to 50% if you’re employing cut-and-sew models. However, you should be looking at your major competitors’ pricing at this point to make sure you aren’t pricing yourself out of the market.
Creating your own online clothing store
It is critical to select a platform for selling your product. Ecommerce platforms and marketplaces are the two alternatives. A single-seller e-commerce platform is a website where the store owner sells only their own products. A marketplace is a platform that collects products from a variety of merchants into a single, well-organized catalog. Take, for example, Etsy and Amazon, where you can choose from a wide range of suppliers. Consider the following aspects while selecting an e-commerce platform:
- Price
- User Interface
- Integration and plugins
- Mobile optimization
Price
Some platforms charge a monthly fee, while others charge based on the number of transactions made. When comparing prices, it’s also important to consider the hidden charges. Payment processing fees, for example, aren’t always included in the monthly subscription, so compare the payment providers each platform utilizes.
User Interface
You should choose a platform that is simple for both you and your consumers. If you’re having trouble finding something on the website, your consumers will be as well. Make sure the platform you use makes it simple to access product information, checkout, and navigate.
Integration and plugins
Look for apps that will assist you with shipping, taxes, marketing, and other tasks.
Mobile optimization
According to research, 79% of smartphone users made at least one transaction through their phone in the previous six months. A mobile-friendly website makes shopping faster and easier, and clients will be able to purchase your products regardless of the device they use.
Launching your online clothing store
It’s time to open your online clothes store after your products are in place, your online business plan is in place, fulfillment is organized, and your website is complete. You can use the following advice:
- Define launch strategy
- Prepare your social accounts
- Have your email marketing strategy and automation in place
- Set up your Google Analytics and Google Ads Account
- Building the clothing store marketing strategy
Define launch strategy
Are you planning a promotion? Do you want to do a Facebook live video? To send teaser emails, why not use an existing email database? Whatever method you choose, make sure it’s ready to roll out in stages when you launch. This can also involve things like reviewing and testing the entire functioning of your store before it goes live.
Prepare your social accounts
Before releasing the site, make sure your social media pages are set up and ready. You should be active with your content in order to run launch advertisements and market your new store to an already-growing audience. You should also make certain that your content marketing strategies encourage clients to become more engaged, devoted, and loyal to your business.
Have your email marketing strategy and automation in place
You must verify that all of your automation emails are set up and tested, as well as that you have a three-month email marketing strategy in place.
Set up your Google Analytics and Google Ads Account
The next thing to check is that your Google Ads and Google Analytics accounts are ready to go before you launch. This will help you track visitors to your store in real-time during the launch and drive traffic through SERP ads.
Building the clothing store marketing strategy
Before, during, and after the launch of your online clothes business, you’ll need to plan your marketing approach. A strong e-commerce marketing strategy should incorporate a number of different channels and tactics. This includes the following:
- A content marketing plan that includes social media posts, User-Generated Content (UGC), a fashion blog for your e-commerce website, and influencer marketing, among other things.
- A pay-per-click marketing plan that encompasses all of your Google, Facebook, Instagram, TikTok e-commerce, and YouTube pay-per-click ads. You may also automate your PPC marketing campaign with PPC management software.
- Email marketing plan, which may include cart abandonment emails, promotional emails, weekly newsletters, and subscriber growth techniques, among other things.
- Content and optimization for blogs and websites as part of an SEO marketing strategy.
Bringing traffic to your online clothing store
This is the last phase before beginning to drive traffic to your newly created store. Email marketing generates the most traffic, followed by PPC, content marketing, social media, guest posts on famous sites, and influencer marketing. For a new store without a fashion brand name, established SEO, or an email database list, you’ll need to focus on Google Ads for e-commerce and social media ads, especially Facebook and Instagram, to attract potential customers. Remember to include Instagram-sponsored posts in your influencer marketing paid collaborations.
FINAL THOUGHTS
tarting a business of any kind is difficult, but the online apparel sales sector is a wonderful place to start. Starting your own online store may be a simple process, thanks to rising trends and a variety of business structures that provide flexibility while remaining cost-effective. It can be the best time to establish your own dream online clothes store if you have the right e-commerce platform and a solid business plan.