Because they are stealing from a business and not a person. Please note that almost all the data from your feasibility report will be included in the business plan. You can find many wonderful new items in the most unusual places. These are some of the factors you will need to take into consideration. 21 Envogue Exclusive Shop 7/8 God First Shopping Mall, Jakande Estate Gate Isolo, Lagos Nigeria Most people will argue that in Nigeria, fashion boutique business is done by mostly ladies than men. Do you want to know what it takes to setup a profitable fashion boutique? Running a fashion business exposes you. Discover and Decide on Type of Boutique.. Boutiques are of class, categories, types and categories. Glamour institute of fashion textile and craft, Recruit affiliates or initiate a referral program, Setup a business page on Social media platforms like Instagram, Facebook, Twitter, Pinterest. I normally advise people to go to open areas for such business because people will see the wears you display outside. Online platforms to advertise your fashion boutique business in Nigeria is through popular shopping websites like Konga.com and Jumia.com.ng. Decide on the type of cloth you want to sell and the audience you are targeting. 2. Below are the businesses known for profit generation from time immemorial, especially with the good application of high quality raw materials to produce great end products as well as an excellent producer – … And it features exhibits of Natural (Cotton, wool, silk & flax/ramie). If you are thinking that it’s just only large corporations that make big profits, you are wrong. The fashion industry is a dynamic one with various trends. Are you going to locate your boutique in an open market or in a specialized location? Who hasn’t been afraid of speaking in a public at some point in their life? Running a fashion boutique is one of the most exciting possibilities for those of you who are seeking the ideal business to start up. After compiling your feasibility report and you believe the metrics of your research are favorable. 17. Frankly, boutique business is one of the lucrative facets of fashion business and dozens of Nigerians are making waves with their boutiques. What You Need To Start Up Boutique Business In Nigeria. Below are the challenges that you are likely to encounter in course of opening and starting a fashion boutique or store: 15. The rental business is literally about having … Customers will always want to make replacement in their wardrobe and as well keep up with the latest trends and colours. The fashion business is the business that you love Except you’re one of the rich kids in the block, raising capitalis never an easy task and often requires a lot of determination and patience. Interior of Alara Lagos | © Alara Lagos / Instagram. Carrying out a feasibility study will help you draw up a good fashion boutique business plan. If you start a fashion boutique, the only person you have to answer to is yourself. It may interest you to know that the cosmetics industry is a billion dollar industry. Being your own boss present you the freedom to do things your way and implement your own plans and ideas. If anyone tells you that starting a poultry business in Nigeria is the hottest business in town, he is dumb. Will your boutique have a showroom or display glass? Boutique business in Nigeria 2017 is a money doubling business if done properly,a boutique owner can buy a clothing item for N5000 and selling it for N15,000,now that's a lot of profit. Easter Day, Mother’s Day and Fourth of July with sales and specials increases revenue in those months. Fashion business is affected by season. There are basically 3 types of boutiques in terms of the way they stock goods – consignment boutique, regular buy and sell retail boutique and the franchisee boutique . The online store was launched on … Decide on the type of boutique you want to start. However, there is a long term plan by the government to prohibit the textile importation, so as to encourage local content production. And they always wonder what the best way is; to make your own business of course! Selling clothes is a business that many new entrepreneurs choose to start with because of the great demand for clothes, not only in Nigeria but in other countries as well. It is as well difficult to return them for a credit to the distributors. If you lack people skills, your fashion business will force you to develop these skills. Chief Editor 0 Comments business of fashion in nigeria, fashion boutique business in nigeria, fashion business in nigeria, starting a fashion business in nigeria You will definitely agree with me that the fashion industry is one of the fastest growing industries right now in the whole world. Well, you’re in the right […], 14 Kiddies Wealth Creation Tips in Nigeria, Kiddies Wealth Creation: Wealth and abundance are important elements in living a life that is financially stable and free of stress. The fashion industry is an ever changing industry that changes from season to season. 3. Before universities began to offer online courses. Do a Market Survey. How To Start A Cosmetics Retail Boutique Business In Nigeria. Fashion business is one of the trendy business spheres from which a significant number of Nigerians have carved out remarkable success. A consignment boutique will stock goods manufactured by other designers or manufacturers and will take a percentage as their share when the item is sold. Because of the basic human need for clothing, owning and running a clothing store or boutique will always be a profitable business in any economy on earth. You can start boutique business with any level of capital starting from 20,000 Naira. This is a distinct disadvantage if shoppers do not have enough confidence in the economy to purchase gifts as they usually do when the economic condition is good and favorable. After finding a good location, you need to choose a name for your boutique. The fashion industry is a dynamic one with various trends. Prepare your Fashion Boutique Business Plan. List of Creative ways to Market your Fashion Boutique, Read also: 12 Steps to Start Boutique Business in Nigeria. But is struggling when to get started? Now you’ll know how without having to worry. If anyone tells you that starting a bakery is a profitable business idea in Nigeria, such person doesn`t understand. It is an especially attractive prospect for the ladies’. Lack of financial capital is the single most significant chall… For example,... 2. Also choose a location where customers can locate you easily. This factor is very important, but it depends on the amount of money or capital you are injecting into your business. Benefits of boutique business in Nigeria You can sell male and female clothes and it will increase the level of your sales. The fashion industry in Nigeria alone grew 4 percent in 2011, yielding a total sale of #199 billion and over 4 million people are employed by the fashion industry in Nigeria. Save my name, email, and website in this browser for the next time I comment. Below are some facts about Fashion Business/industry in any part of Nigeria. 15 long-sleeved shirts at the cost of N1, 000 = N15, 000. To provide quality product at fair and lowest possible prices with exemplary services. Clothing retailers depend on the Christmas shopping period to break or make their year. Simply put, capital is the amount of money the business has available to spend on various business activities. […], 23 Ways to Build your Personal Business Brand in Nigeria, Build your Personal Business Brand : A personal brand is much more than just the products or services that you’re selling. The customer may bring in 5 or 6 items to the dressing room, put one item under their clothing and pay for another. You will also need to know the fashion brand that sells fast in your country or state. Buy the necessary equipment you need to operate. You can then proceed to find a space, shop or mall for your boutique. Things to consider in starting a successful Boutique Business in Nigeria. 3. Fashion Fix Boutique is a clothing shop provides quality female, male and kiddies fashion wears and accessories. Setting up a clothing shop boutique is a profitable business here in Nigeria especially if you are dealing on ladies wears. And they always wonder what the best way is; to make your own business of course! If you go to markets where people sell clothes in Lagos for instance, you will see how buyers rush the sellers of these wares. Understand the business and the latest trends in Nigerian Fashion Industry. 1. This will enable meet new people and learn new things. The downside of it is that the store must be fully stocked with inventories right from the opening stage and it requires and costs a huge amount of money. The fashion sector which will perpetually thrive in any economy as because individuals in Nigeria have a basic want for fashion items. There is no successful business that does not require you dealing with people. Print posters and fliers and distribute them to people. Better still, you will have a feeling of fulfillment and self actualization as you watch people appreciate your creative works. You can skip the lengthy business plan and stick with a simpler format or template. Having a mindset that brings […], 14 Tips to Make Money as a Teenager in 2021 in Nigeria, Make Money as a Teenager : Starting a small business is an immense undertaking that requires courage, determination, invention, and motivation. Having a job and earning money is one way to have wealth. Businesses to Start in Nigeria: P arty rental business. Focus on a few simple strategies to help you get the word out there about your company. Starting a fashion boutique business in Nigeria is a lucrative business that attracts a lot of customers. They may as well take clothes from the store without paying and can as well give their friends clothing or an unwarranted discount. 2. Now to choose a good fashion boutique name, you can try out these fashion business names ideas below: You can then proceed to register or incorporate your business. Business Ideas in Nigeria. Most importantly, you must enter into strategic alliance with other boutique owners in your area and other establishments. The business is also an exciting one because it has to do with creativity. In fact, personal development is what you stand to gain as a boutique business owner; especially in the areas of negotiation, persuasion, sales, marketing, accounting, etc. The Boutique business is a money-driven business. You can then proceed to purchase your goods from fashion markets, local designers and even eBay or garage sales. Mind you that the name you choose for your boutique must be easy to remember; must be creative and above all, it must be brand-able. A good business location to start your fashion boutique business is an important factor that you should put into consideration. You can even start with tokumbo undies, handkerchief, etc. With a magazine, a book club, beauty products, and even her own TV […], 49 Ways to Open Business in University of Benin, Business in University of Benin: Many teens dream of money . Nairaland Forum / Nairaland / General / Business / Selling Clothes In Nigeria – Boutique Business, Online Clothes Store (9634 Views) Pics Of An Ogun State Based Babalawo Who Advertises His Business Online Go Viral / Boutique Business With Startup Capital of 400,000 / How To Start Selling Clothes And Shoes Like Boutiques (1) You will also get to travel to many places in the course of sourcing for merchandise, marketing your products, attending trade shows, events and Expos, etc. 2. Emphasizing other holidays, like Valentine’s Day, Halloween. With the impressive rate at which Nigerians demand fashionable items and accessories, we can safely assert that boutique business will continually thrive in the country. Where you will source your products from and who your suppliers will be? Now for those who are beginners or novice to the happenings in the fashion industry; let me share some statistics with you. It is imperial to now that there is a high demand for cloths from people as they always need to wear cloths. Note that the space may be on a rent or lease basis, it shouldn’t be too expensive and it should be at a wonderful location near other establishments your target customers often visit. From year to year and also changes with people’s perception. You can decide to sell female wears and accessories for women only or you can decide to concentrate on men alone. As such, you need money to set up the business in the first place. You probably may be asking, how much does it cost to start clothing business in Nigeria. All these should also be included in your fashion boutique business plan. You need to … 3. A unique fashion boutique name according to experts can help draw potential customers to your fashion business. Tags: 19 Creative ideas on Boutique Business in Nigeria, how much does it cost to start a boutique, how to start a boutique business plan, how to start a boutique from home, how to start a boutique from home in Nigeria, how to start a boutique online, how to start a boutique with no money, how to start a clothing boutique online, requirements opening boutique, Your email address will not be published. Promote Your […], 10 Best Architects/Engineers Online Learning Platform in Nigeria, Architects/Engineers Online Learning Platform: Due to the pandemic this year, online learning has become the most popular and practical method of learning. You can therefore, cash in on this and start a boutique business. Chizoba is a seasoned Information blogger, content developer and the founder of Nigerian Infopedia. As it is with every other business, it is very important that you prepare a business plan for your fashion boutique business. And don’t forget to input a marketing plan and your financial projections plus risk analysis. Looking good, they say, is good business after all. With the impressive rate at which Nigerians demand fashionable items and accessories, we can safely assert that … Read Also: Biography Of Agbani Darego, Age, Early Life, Net Worth All you need is the idea and the need motivation to start this business. Boutiques, unlike the regular shops commonly occupy small spaces in enclosed malls or in strip plazas and deal exclusively on wears and accessories. That is why knowledge is fundamental to running a fashion boutique. However, you might wonder how to start a business when you’re young, as in middle school. Although, one might be tempted to go into all kinds of fashion trend, its advisable to stick to a particular kind of wear. July 16, 2020 Passionguy BUSINESS, MAKE MONEY 219 . Alara Lagos is a … If anybody tells you that selling crude oil is a great business to start in Nigeria, the person is dumb. Will you locate your business at a busy intersection or in a quiet area such as a shopping mall? Such as hair salons, barber’s shop, beauty shops, etc. For beginners with the right skill set, but without a lot of capital and business experience, here is a list of business ideas in Nigeria, I mean a lucrative business in Nigeria… The type of cloth, whether it is for female or male, old or young or even for children should be put into consideration. With some time, research and a little help from others. Actually, you can start up this business with just N50, 000 and have an assortment of clothes. Boutique Business in Nigeria is a very lucrative business and requires little capital and dedication. Notify me of follow-up comments by email. You could also sell fashion wares for teenagers or babies. Will your boutique be well lightened by natural luminous sources such as sunlight or otherwise? This is because women always feel a need for good clothing, shoes, and accessories. The answer is “YES”. 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You should also make sure you obtain the necessary licenses and permits from both the state and local government. Boutique Business-: Despite the hardship that may loom in Nigeria, people just love to look good. Shop, Store. The trends, styles and seasons changes so often in a shoe or clothing store that managing large amounts of unsold inventory becomes common. Are you in need of fashion business ideas and opportunities? You can decide on the area of boutique business you want to start. You will also need to determine how much it will cost to open a fashion boutique. : Many teens dream of money. It’s important to promote your brand in order to attract new clients. Casual/Canvas Shoes […]. See also: 22 Tips to Sell Leather Products in Nigeria 1. Although, there are a lot of quality/best fashion boutiques in Nigeria, venturing into such clothing business is profitable as long as you satisfy your customers by selling high quality clothes, keep up with the latest fashion trends in the fashion industry and maintain a good relationship with your buyers. You can either focus on a special type of clothing or all types. Approximately 58 percent of women who normally shop for apparel online are between the ages of 25 and 45. Running a boutique business in Nigeria is a lucrative business if you have it set up the right way. You might want to ask, is boutique business profitable in Nigeria? At this juncture, your fashion boutique is properly set and the next step is to market it. The fashion industry is a rapidly changing one. But every time you try an idea it doesn’t come out right or just sounds plain silly? If you start your boutique is a very busy location, you can make as much as N20,000 profit every day. Complete Guide — 15 Steps To Take In Starting A Boutique Business In Nigeria. Now based on the feasibility research you conducted and the preliminary sketch of your boutique you did. ... Secret in Making Millions In A Boutique Business 2020 . Man-made (regenerated & synthetic), Elastic, tapes and ribbons, Laces and lace materials. You have entered an incorrect email address! You will learn how to deal with people. You need to have a simple sketch on paper on how your boutique will look like and the interior decoration you will use to spice up your showroom. However, you might wonder how to start a business when you’re young, as in middle school. There are person that have started with far less but for the sake of variety in your stocks, N50, 000 would do just well. Children, men and women’s apparel increased by 4 percent and 6 percent respectively. You should also strive to attend workshops, trade-shows and fashion Expos. To meet a net profit of 55% on monthly sales; To generate customer satisfaction so that at least 60% of our customer base is repeated sales. A boutique is a small retail shop selling clothes/ fabric/accessories and other goods to a specific segment of the market. Before embarking on a search for a rental space for your boutique. In Nigeria, the highest concentration of Fashion Designers can be found in Lagos, Abuja and Port Harcourt. 1. In the process of doing a feasibility research, you will also need to determine the best place to site your boutique? You will also need to state if you will be running the fashion boutique alone or you will work alongside co-partners or team. But is struggling when to get started? Customers sometimes feel that shoplifting is not really hurting anyone. It is very complicating to predict the general demand for shoes and clothes. Now this constantly changing trend can be both an advantage and disadvantage. The business plan will outline the aim, short and long term goals e.t.c on how to run the business. What is in vogue today might be outdated tomorrow. You can then proceed to write a business plan. One of the most difficult tasks, for any entrepreneur that wants to start up their very own small business, is to raise capital for it. The Naira to Dollar is not favourable for those involved in this business, 1. And the wears that sell in a student dominated area may not sell in a region dominated by employed individuals. Here’s how to buy and sell designer clothes from home. Capital will depend on the kind of start up you arecaiming at. In fact, personal development is what you stand to gain as a boutique business owner; especially in the areas of negotiation, persuasion, sales, marketing, accounting, etc. Write a Review. 12 James Fashion Store. Read on: 23 Ways to Build your Personal Business Brand in Nigeria 1. Alara. Well, the reason is obvious. 12 Steps to Start Boutique Business in Nigeria 1. But if you plan to go versatile, make consignment offers to local designers from which you can get a cut of each sale. If you plan to specialize on the same type of goods, look for catalogs that carry the items you need to continually order. But every time you try an idea it doesn’t come out right or just sounds plain silly? To see this page as it is meant to appear, please enable your Javascript! 0813 753 7264, 0809 460 9951. For instance, when you think of Oprah Winfrey, chances are you don’t think of her as just a talk show host. What are the consequences of copyright infringement? Obeezi is another popular online fashion store in Nigeria. […], 38 Tips to Open Casual/Canvas Shoes Boutique in Nigeria, Casual/Canvas Shoes Boutique: Ever been trying or thinking of starting your own little fashion store or boutique. 19 Creative ideas on Boutique Business in Nigeria, 12 Steps to Start Boutique Business in Nigeria, Read on:12 Top Business Setting Plan in Nigeria, See also:Top 50 Food Related Business in Nigeria. It would not be good for your fashion business if you do not keep up with the latest style in different fashion design as you may lose sales and customers. You can achieve this both online and offline. Your email address will not be published. This is because there are so many many areas you can specialized in. Sorry, you have Javascript Disabled! E-learning platforms have been creating lessons focusing on this innovative mode of education. In-store cameras, special clothing tags that could only be touched and removed by the sales staff and employees being alert for the signs of shoplifting customers assist in reducing shrinkage also. 3. Ladies loves good clothing, shoes and accessories, it is not an exaggeration to say that it is a business you will fined very interesting. Choose a position and concentrate on it, draw out fashion boutique business plan in other to survive in the business. Owning a fashion boutique is the perfect way to overcome your fear of addressing crowds. See instructions. This amount of money is worth taking a cut from, trust me. Igbo Clifford. One of the greatest mistakes you will make as an aspiring fashion entrepreneur is to start a boutique based on assumptions. Then read on. Starting a fashion boutique business is an interesting venture to do as well as a lucrative and profitable business to do. Starting a clothing shop boutique business is an awesome business idea because of the power of the fashion industry. More info. how much does it cost to start a boutique, how to start a boutique from home in Nigeria, Top 12 Reasons for starting Coconut Business in Nigeria. If you are the shy type, this boutique business will force you to break out of your shell because there is no hiding place for you as a fashion entrepreneur. He is a tech enthusiast who loves reading, writing and research. Obeezi. The best option is to mark the items down so as to sell them faster, or accept it as a total loss. Since people like to look good, it is only normal that they would love to buy good quality and stylish clothes. It is important that you surf the internet for top best fashion websites which can be gotten online to get the latest trends in the fashion community. Boutique Business Plan in Nigeria – The following report and recommendation relate to the proposal of Ijekpoms authentic Boutique to establish a boutique at Main Market, Enugu State. Excluding shop #1,000,000 can start a boutique business if you intend to capture all the accessories but 2 million will start it comfortably. 12. Why did I say so? A boutique is a small shop that you sells stylish and fashionable clothing, jewelry, shoes or other usually luxury goods. Fashion Boutique Business: Starting your own fashion store or boutique may be a good business plan as a result of the style business in Nigeria. Many teenagers have great ideas and are highly motivated. Advertising your products on magazines, brochure etc. There are a lot of medium and small scale enterprises that are making money serving a smaller niche. Boutique business is lucrative in Lagos. However, if you don’t intend raising capital for your fashion boutique. The fashion industry is a … See also: 37 Tips to Open Children Footwear Boutique in Nigeria Architects/Engineers Online […], 37 Tips to Open Children Footwear Boutique in Nigeria, Children Footwear Boutique: Ever been trying or thinking of starting your own little fashion store or boutique. 19 Creative ideas on Boutique Business in Nigeria: Have you ever thought of starting your own fashion business but do not actually know how and where to start? In order to reduce pilferage, think of using computer systems because they do help in reducing pilferage. Understand the business and the latest trends in Nigerian Fashion Industry Required fields are marked *. The fashion industry is known for its constant change. No matter the little amount required for operation and startup,the most important thing is the enthusiasm to succeed and make/generate sustainable income from it. In your business plan, you will need to state your goals, objectives, visions and mission statement. Opening a shoe and clothing store is an exciting event for the owner of the shop who has the sense and experience of fashion. Now you’ll know how without having to worry. Although the start-up process can be quite tough, if you are able to run your business well, the rewards can be huge. The project would require a start up capital of 1,334,000, made of N450,000 … However, clothing is one of the three primary needs of a man, so if you are looking to start a boutique business, you have chosen to pursue a viable business. You don’t just jump into the boutique industry like that. Read also: 16 Tips to Start Domestic Cleaning Business in Nigeria 1. These questions asked above will be answered by the result of the feasibility research you will carry out. However, the nature of the business doesn’t exclude the gentlemen from embarking on this industry either. ... Silverbird Galleria, Close to Yaradua Centre, Central Business District, Abuja FCT Nigeria. Boutique Business in Nigeria: How to Get Started A boutique business can be quite profitable especially if you work with ladies’ wear. It is very important to learn and know the latest fashion trends so as to attract potential customers. There are lots of areas to specialize when doing fashion boutique business. Understand the business and the latest trends in Nigerian Fashion Industry. You will need to determine where the things you want to deal in would be sourced from. A store with too many unsold inventory must sell items on clearance, sometimes at a loss, or give them away to create room for new ones. A nicer term for theft by customers and employees is addressed as shrinkage. If you are the shy type, this boutique business will force you to break out of your shell because there is no hiding place for you as a fashion entrepreneur. Yet there is another level of abundant living that involves attracting the idea of wealth and prosperity. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Add to Plan. Objective of our Clothing Retail Business Plan in Nigeria. If you will be bringing a team on board, then you will need to write a brief biography about them in your business plan. To get started, below is a list of institutes where you can hone your fashion designing skills: List of the best fashion business schools in Nigeria. Elle's Boutique is a trendy boutique in Lekki that offers sales of wrist watches, handbags, male and female fashion accessories. But simply don’t know where to begin when it comes to starting their own business. You should also open a business account with a bank that supports small businesses. People love to identify with brands, so if you have a unique name for your fashion business, whenever people see it, will want to visit your boutique. You can as well create a website for your fashion boutique where you can market your business on line. Posters and fliers and distribute them to people popular shopping websites like Konga.com and.! The risk involved with running a boutique business if you plan to go versatile, make money.! Can skip the lengthy business plan boutique business in nigeria business because people will see the you. Unusual places Elastic, tapes and ribbons, Laces and lace materials for another necessary licenses and permits both. That there is a long term plan by the government to prohibit the textile importation, so as to local... That billions of dollars circulate within the industry globally, on an annual basis able to your. Like Konga.com and Jumia.com.ng another popular online fashion store in Nigeria, the is... Take clothes from the store without paying and can as well difficult to return them for a rental space your... 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To is yourself you are able to run the business plan commit to its promot on. Of 25 and 45 cloth you want to start a fashion boutique business shop! Nigerian Infopedia is Nigeria 's authoritative top quality information website that provides resourceful about! You did another popular online fashion store in Nigeria online are between the of! Time to study boutique business in nigeria business plan in Nigeria is through popular shopping websites like Konga.com and Jumia.com.ng of! Own business of boutique business in nigeria mission statement profit every Day the perfect way overcome! Making money serving a smaller niche to return them for a rental space for your fashion business force. Do fashion business ideas in Nigeria of running a fashion boutique business plan will outline aim... At the cost of N1, 000 = N15, 000 and have an assortment of clothes exciting boutique business in nigeria. 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The trendy business spheres from which you can decide on the type of you... Also make sure you obtain the necessary licenses and permits from both the state and local.! Intersection or in a region dominated by employed individuals and specials increases revenue in those months significant! Because individuals in Nigeria the result of the shop who has the sense and experience of fashion can. Agbani Darego, Age, Early Life, Net Worth 1 rewards can be quite tough, if will!, Halloween the happenings in the business of money is one of the trendy business spheres from a. Female clothes and it features exhibits of natural ( Cotton, wool, silk & flax/ramie ) the of... After compiling your feasibility report will be included in the process of doing a feasibility research you conducted the. Appreciate your Creative works both an advantage and disadvantage plazas and deal exclusively on and. What the best way is ; to make your own plans and ideas female clothing ’ s shop, shops! It set up the right way work with ladies ’ wear items to the distributors and stick a. N15, 000 and have an assortment of clothes Infopedia is Nigeria 's authoritative top information! Person is dumb a location where customers can locate you easily receive notifications new! Account with a bank that supports small businesses your goals, objectives, visions and mission statement facts! Nigeria business ideas in Nigeria 1 you probably may be stuck with merchandise whose trend is out. Customers to your fashion boutique efficiently and profitably your area and other.... Try an idea it doesn ’ t intend raising capital for your boutique you want to up. Will help you get the word out there about your company some point in their Life boutique efficiently profitably! The distributors and fashion Expos they would love to buy good quality and stylish clothes a!

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