1952 Shares

How do i start a lingerie business?

How do i start a lingerie business? Topic: bussiness articles
July 18, 2019 / By Jaynie
Question: I am thinking of starting an underwear business.My challenge is that I don't know anything about underwear.I mean I don't know what underwear would fit who and what is worn for what dress. I was wondering if there is a course that I could take to learn the basics of the trade especially in the UK and South Africa.Answers will be appreciated.
Best Answer

Best Answers: How do i start a lingerie business?

Fae Fae | 5 days ago
Sadia, My suggestion for you is to look at buying an existing lingerie business especially if you are going to sell online. It takes a lot of work to make this business work online. The other option is to team up with an existing lingerie company, maybe one that does lingerie parties and learn the ropes that way. When we started our online lingerie business, we did some work experience at a couple of local lingerie stores and learn where to buy from and what people like. It is very easy to buy a lot of lingerie for a store that does not sell and many people starting out get caught in this way. Be cautious of buying bulk packs of lingerie because often it is full of lingerie that won't sell. Chris http://www.dreamy.com.au
👍 118 | 👎 5
Did you like the answer? How do i start a lingerie business? Share with your friends

We found more questions related to the topic: bussiness articles


Fae Originally Answered: I am a student currently doing bba.I want to start my own business.How can i start my own business in 1 month?
I consider this is a well thought to begin your possess trade in telephone cleansing. You have to take into account any overheads and condo fee if you make a decision to hire a small workplace or depot. If you begin your possess telephone cleansing trade to your possess house or condominium, I am absolutely agree on your plan. If no longer so, you reconsider the fees time and again. You can cost them not up to the manufacturer you're operating for. It is a aggressive society, the inexpensive is greater if the supplied carrier is as well as your manufacturer.
Fae Originally Answered: I am a student currently doing bba.I want to start my own business.How can i start my own business in 1 month?
Something will very little overhead, lawn cutting services, babysitting?? I know thats not what you want to hear, but a month isn't any time to start a legitimate company

Fae Originally Answered: How can I project my sales in my business plan? knowing that I didn't yet start the business?
Any projection, even in a known market, involves assumptions. In your case you will have to make a few more, but that is OK. The key is that you clearly state what your assumptions are. Then as you gain knowledge of your market and your customers, you can replace assumptions with data, or at least educated assumptions. I would suggest starting with some identification of what you consider your market. Quantify the market (how many companies, how much do they spend on similar products or services, etc.) This type of information should be pretty available unless your product is very obscure or new. Then, once you know the size of the market, identify and quantify your competition. How much are they selling to your customers? How much do you expect their market share to change? Calculate some measure of market strength or expansion. Subtract your competition from the market capacity and that is your potential capacity. I hope this helps!
Fae Originally Answered: How can I project my sales in my business plan? knowing that I didn't yet start the business?
Is there a competive product? How much does it sell for? How widely is it distributed? How many units do they sell a week/month/year? Multiply that times the number of other products that fit in your category. What % of that total market do you expect to acquire? That is your sales projection. Don't count on direct marketing or having a salesforce as providing an extra lift. Both are the cost of entry in sales and marketing. Good luck.
Fae Originally Answered: How can I project my sales in my business plan? knowing that I didn't yet start the business?
I support the reply by Joe D. although you can still work into deeper details per sku, knowing where to place that. For example; talking about consumer products, you should specify how many outlets you are targeting, and what areas on the shelves can you get for your products/sku. Then calculate how many facings you may have in each outlet and in depth how many units can you display. Take into consideration that you should have some quantity of each item in the outlet stores for immediate supply when the shelf runs short. Multiply that calculation by the number of outlets, adjust according to the size of each outlet, then you would have a full calculation for a month of supply in all outlets. That would vary from month to month according to seasonalities. Draw your figures into Excel tables and make the program count those for you, at the end you would have a full projection for the year. Now upon that calculation you may assign your targets per month per area and give those targets for your sales force to achieve. This scope of work we are implementing for our products in the Arabian Gulf and having good results. Each salesman has his area, number of skus and target to achieve.

If you have your own answer to the question bussiness articles, then you can write your own version, using the form below for an extended answer.