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This post was most recently updated on August 22nd, 2019
There is a tendency in young people to deviate from the typical career path and start a business on their own. Most of these aspirants look for the most profitable business venture that requires minimum skill and ensures a streamlined flow of money.
Being one of those aspirants once, I can safely say that the garment industry provides a lot of profitable business opportunities. Each business idea requires a bit of investment at first and can be started from a small scale. With enough time and determination, these small scale businesses can contribute to a significant chunk of your monthly income.
If you are hooked on the idea of starting your own garment business, let’s discuss a few profitable ideas you can consider.
Garment Wholesale Business
This is the easiest and probably the most profitable business among all small business ideas. You don’t require a lot of upfront investment for this business and only need some managerial skills to keep it working. In garment wholesale business, you buy garments from different manufacturers. For example, if you want bulk t-shirt printing, you can contact AMPRO as they provide the cheapest and best quality t-shirts in the market.
After sourcing garments from these manufacturers, you need to distribute those garments in different shops in your city or sell them online. You will gradually earn enough profit to start your garment shop or even start your small-scale garment manufacturing company. With a little investment of time and money, you can make substantial amounts of money in no time.
Open a Clothing Store
You can open a small retail shop in a mall, an outlet in your city or buy a small space on the corner of the street. But the most trending and profitable way to sell clothes is to open an online clothing store. With an extensive variety of products in the market, the first order of business is to make a plan about which product you will be targeting and spend your time and money towards that product group.
From my observations, kids clothing products, Ladies lingerie, and men’s innerwear products have the most demand in the market.
Dry Cleaning Business
Laundry and dry cleaning businesses are localized businesses, and you need to target the local community. This business is a bit hard to start, but once you have made a friendly customer relationship, you will have those customers for a lifetime.
If you don’t have the means to open a store, you can also start this business from home and provide door to door services. Despite the growing recession, this business continues being profitable.
Printing & Embroidery Unit
In this age of fashion, everyone is trying different styles and trends. Excluding some casual worn garments, most have some design or print on them. To set a printing and embroidery unit, you need to invest in staff and printing machines. This can be a bit costly at first, but the gap can be filled through a few orders, and designer clothes can be sold at a very hefty price online or to different stores.