boutique business in nigeria

You can start boutique business with any level of capital starting from 20,000 Naira. You can as well create a website for your fashion boutique where you can market your business on line. 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. Required fields are marked *. 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. 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. Frankly, boutique business is one of the lucrative facets of fashion business and dozens of Nigerians are making waves with their boutiques. 1. Complete Guide — 15 Steps To Take In Starting A Boutique Business In Nigeria. The fashion sector which will perpetually thrive in any economy as because individuals in Nigeria have a basic want for fashion items. Prepare your Fashion Boutique Business Plan. 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. I normally advise people to go to open areas for such business because people will see the wears you display outside. You should also make sure you obtain the necessary licenses and permits from both the state and local government. If you lack people skills, your fashion business will force you to develop these skills. If you start a fashion boutique, the only person you have to answer to is yourself. But is struggling when to get started? […], 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. Most people will argue that in Nigeria, fashion boutique business is done by mostly ladies than men. Running a fashion boutique is one of the most exciting possibilities for those of you who are seeking the ideal business to start up. 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. List of Creative ways to Market your Fashion Boutique, Read also: 12 Steps to Start Boutique Business in Nigeria. You can then proceed to write a business plan. You can skip the lengthy business plan and stick with a simpler format or template. Setting up a clothing shop boutique is a profitable business here in Nigeria especially if you are dealing on ladies wears. This amount of money is worth taking a cut from, trust me. The rental business is literally about having … Approximately 58 percent of women who normally shop for apparel online are between the ages of 25 and 45. 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. 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. If you are thinking that it’s just only large corporations that make big profits, you are wrong. You may have to wait a few months before the money rolls in. Boutique business is lucrative in Lagos. See instructions. They may as well take clothes from the store without paying and can as well give their friends clothing or an unwarranted discount. Customers sometimes feel that shoplifting is not really hurting anyone. Igbo Clifford. There are lots of areas to specialize when doing fashion boutique business. Such as hair salons, barber’s shop, beauty shops, etc. While this might sound true, men that do fashion business in Nigeria are increasing on a daily business. 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. 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. This will enable meet new people and learn new things. For example,... 2. The type of cloth, whether it is for female or male, old or young or even for children should be put into consideration. The trends, styles and seasons changes so often in a shoe or clothing store that managing large amounts of unsold inventory becomes common. 21 Envogue Exclusive Shop 7/8 God First Shopping Mall, Jakande Estate Gate Isolo, Lagos Nigeria You probably may be asking, how much does it cost to start clothing business in Nigeria. Although the start-up process can be quite tough, if you are able to run your business well, the rewards can be huge. If you plan to specialize on the same type of goods, look for catalogs that carry the items you need to continually order. For instance, when you think of Oprah Winfrey, chances are you don’t think of her as just a talk show host. 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. What You Need To Start Up Boutique Business In Nigeria. Since people like to look good, it is only normal that they would love to buy good quality and stylish clothes. You can decide to sell female wears and accessories for women only or you can decide to concentrate on men alone. 2. 3. 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. The business plan will outline the aim, short and long term goals e.t.c on how to run the business. With some time, research and a little help from others. Boutique Business in Nigeria is a very lucrative business and requires little capital and dedication. 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. Choose a position and concentrate on it, draw out fashion boutique business plan in other to survive in the business. Simply put, capital is the amount of money the business has available to spend on various business activities. 7. 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. The Boutique business is a money-driven business. Our Goal for the Clothing Retail Business Plan in Nigeria Actually, you can start up this business with just N50, 000 and have an assortment of clothes. 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. 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. Add to Plan. 0813 753 7264, 0809 460 9951. Capital will depend on the kind of start up you arecaiming at. 3. But if you plan to go versatile, make consignment offers to local designers from which you can get a cut of each sale. Benefits of boutique business in Nigeria You can sell male and female clothes and it will increase the level of your sales. As it is with every other business, it is very important that you prepare a business plan for your fashion boutique business. Read also: 16 Tips to Start Domestic Cleaning Business in Nigeria 1. Now for those who are beginners or novice to the happenings in the fashion industry; let me share some statistics with you. Employees are likely to steal from the cash register. Your email address will not be published. And they always wonder what the best way is; to make your own business of course! And the wears that sell in a student dominated area may not sell in a region dominated by employed individuals. Buy the necessary equipment you need to operate. It is imperial to now that there is a high demand for cloths from people as they always need to wear cloths. Having a job and earning money is one way to have wealth. Will you locate your business at a busy intersection or in a quiet area such as a shopping mall? 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. There are person that have started with far less but for the sake of variety in your stocks, N50, 000 would do just well. Most of the wholesalers and manufacturers do not accept returns. Things to consider in starting a successful Boutique Business in Nigeria. If anyone tells you that starting a bakery is a profitable business idea in Nigeria, such person doesn`t understand. Starting a clothing shop boutique business is an awesome business idea because of the power of the fashion industry. Women’s and kid’s wear, Fine yarn-dyed […], 11 Tips to Promote Your Dry Cleaning Business in Nigeria, Promote Your Dry Cleaning Business : If you have your own business. Online platforms to advertise your fashion boutique business in Nigeria is through popular shopping websites like Konga.com and Jumia.com.ng. Objective of our Clothing Retail Business Plan in Nigeria. Now based on the feasibility research you conducted and the preliminary sketch of your boutique you did. Casual/Canvas Shoes […]. Understand the business and the latest trends in Nigerian Fashion Industry. You don’t just jump into the boutique industry like that. See also: 22 Tips to Sell Leather Products in Nigeria 1. 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. Alara. There are a lot of medium and small scale enterprises that are making money serving a smaller niche. Better still, you will have a feeling of fulfillment and self actualization as you watch people appreciate your creative works. Interior of Alara Lagos | © Alara Lagos / Instagram. Obeezi is another popular online fashion store in Nigeria. These questions asked above will be answered by the result of the feasibility research you will carry out. 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. Fashion business is affected by season. Use this time to study your business and commit to its promot i on till it comes to fruiting. You should also open a business account with a bank that supports small businesses. Now this constantly changing trend can be both an advantage and disadvantage. 17. A boutique is a small retail shop selling clothes/ fabric/accessories and other goods to a specific segment of the market. The fashion industry is a … Is it exclusively male or only female clothing’s or unisex? More info. Where you will source your products from and who your suppliers will be? Boutique Business-: Despite the hardship that may loom in Nigeria, people just love to look good. It is as well difficult to return them for a credit to the distributors. You should also strive to attend workshops, trade-shows and fashion Expos. 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. Running a boutique business in Nigeria is a lucrative business if you have it set up the right way. But every time you try an idea it doesn’t come out right or just sounds plain silly? Here’s how to buy and sell designer clothes from home. Before embarking on a search for a rental space for your boutique. 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. The Naira to Dollar is not favourable for those involved in this business, 1. Ladies loves good clothing, shoes and accessories, it is not an exaggeration to say that it is a business you will fined very interesting. Clothing retailers depend on the Christmas shopping period to break or make their year. The fashion industry is a rapidly changing one. These are some of the factors you will need to take into consideration. All you need is the idea and the need motivation to start this business. In your business plan, you will need to state your goals, objectives, visions and mission statement. You will learn how to deal with people. You can achieve this both online and offline. This is because at various point in time in your business, you will be required to address groups of people; whether you feel comfortable or not. Understand the business and the latest trends in Nigerian Fashion Industry Save my name, email, and website in this browser for the next time I comment. You can then proceed to purchase your goods from fashion markets, local designers and even eBay or garage sales. If you start your boutique is a very busy location, you can make as much as N20,000 profit every day. July 16, 2020 Passionguy BUSINESS, MAKE MONEY 219 . You need to … Nigerian Infopedia is Nigeria's authoritative top quality information website that provides resourceful information about her culture, people and things associated with Nigerians. You can then proceed to find a space, shop or mall for your boutique. Are you in need of fashion business ideas and opportunities? Customers will always want to make replacement in their wardrobe and as well keep up with the latest trends and colours. The fashion industry is a dynamic one with various trends. A nicer term for theft by customers and employees is addressed as shrinkage. 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