STARTING OFF WITH LITTLE INVESTMENT COULD ACTUALLY BE THE MOST POWERFUL WAY TO START A FASHION BRAND

YOUR FASHION BUSINESS REQUIRES YOUR MIND BEFORE YOU GIVE IT YOUR MONEY!

Throwing a rich sauce over tough chewy chicken won’t improve the chicken…

…And it’s the same in your fashion biz.   Just throwing money at your business only MASKS the problems.

Instead, successful fashion designers plan strategically with a launch formula.   They know the best areas to spend money that will move their business forward.

Look, I get why you might think that you need a huge investment.  In the past you had to produce large 40 piece collections for wholesale buyers to take you seriously.  You also had to pay for large studio & showroom space….

...But what most people don’t realise is that TIMES HAVE CHANGED allowing you to start a fashion business with just a small budget.  In fact waiting to find that huge investment or backer could be preventing you from taking action and getting started!

In the Twenty Twenties you can work from a small space with some of your team working remotely.   You can sell online directly to consumers which means you no longer need to impress wholesale buyers with HUGE collections.

Your Fashion Business actually requires your MIND before you give it your money!

So the question is how do we start a fashion business without a huge investment?   Well let me break it down for you in just three easy steps from pillar one of Fashion Entrepreneurs Academy :-

1. Consider the collection SIZE.  You can test the market with just 6 pieces.
2. Prioritise funding with MARKETING and a MENTOR top of your list.
3. Determine which costs can be reduced and how.  THINK OUT OF THE BOX.  How can you be creative in obtaining the raw materials without spending an arm and a leg.   

Here are some ideas to save money in your fashion business:

🧵Incorporate deadstock fabric. 

🧵Try incorporating up-cycling. 

🧵Try incorporating recycled materials. 

🧵Learn a launch formula.  A launch formula is the most effective way to start or grow a fashion business in the Twenty Twenties. 

🧵Gain some manufacturing knowledge so that you know how to reduce manufacturing costs.

🧵Communicate effectively to manufacturers to avoid costly mistakes.

🧵Keep shapes simple.  Complex shapes increase your sampling & production costs and may not sell at a higher price. 

🧵Use scrap fabric to make accessories. 

🧵Re-use patterns by making small adjustments, changing fabrics, colours & details. 

🧵Gain some fashion business knowledge from a mentor so you know where costs can be reduced.

🧵Collaborate with other designers to share i.e. costs of pop-up space or events.

🧵Do Your own PR.

🧵Gift small products to influencers in exchange for promotion.

🧵Instead of paying for expensive brochures use digital.

🧵Reduce travel costs (couriers etc.). Start-up designers always overspend. 

🧵Can you organise in advance to send multiple things in one trip instead of daily courier journeys?

🧵Enable some of your team to work remotely & move to a smaller space. 

🧵Train your team so they are more productive.

🧵Keep your team small.

And that’s it!…….

Look at your daily expenditure.  For a whole week write down every single item of expenditure and you will see which areas need some creative thinking to reduce costs.

According to a survey by CBInsights running out of cash is THE top reason for business failure.  A whopping 38% of startups failed either because they ran out of cash or failed to raise new capital.

So why would you NOT want to avoid wasting money in the wrong areas and learn which areas of expenditure will ACTUALLY move your business forward?

Thats why I created a FREE 3 day live training extravaganza to show fashion designers the new way to start a fashion business in the Twenty Twenties with a launch formula and WITHOUT a huge investment.  

Its called “MANIFESTATION OF THE NEW AGE FASHION ENTREPRENEUR”

To be the first notified click the pink button below.