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Shekhar

Shekhar Kumar  |154 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 15, 2024

Shekhar Kumar is senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh. He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Asked by Anonymous - Apr 11, 2024Hindi
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Career

How to take retail business in readymade Garments on line step by step advice required

Ans: Starting an online retail business in ready-made garments can be an exciting venture. Here's a step-by-step guide to help you get started: You should begin by researching the online retail market for ready-made garments then identify your target audience, competitors, popular trends, and potential demand for your products. Use this information to refine your business idea and develop a unique selling proposition (USP). Outline your business objectives, target market, product range, pricing strategy, marketing plan, and financial projections in a comprehensive business plan. This will serve as a roadmap for your online retail venture and help you secure financing if needed. Register your business with the appropriate authorities and obtain any necessary licenses or permits to operate an online retail business. Ensure compliance with local regulations related to e-commerce, taxation, and consumer protection laws.

Source high-quality ready-made garments from reliable suppliers or manufacturers. Establish relationships with wholesalers, distributors, or fashion designers to ensure a consistent supply of inventory for your online store. Choose an e-commerce platform to host your online store. Popular options include Shopify, WooCommerce, BigCommerce etc. Select a platform that aligns with your budget, technical expertise, and customization needs. Design and develop your online store using the chosen e-commerce platform. Customize the website layout, colors, fonts, and navigation to create a visually appealing and user-friendly shopping experience for your customers. Ensure that your website is mobile-responsive for seamless browsing on smartphones and tablets. Create detailed product listings for each item in your inventory. Include high-quality images, accurate descriptions, sizing charts, and pricing information to help customers make informed purchasing decisions.

Organize your products into categories and subcategories for easy navigation. Set up secure payment processing for your online store by integrating payment gateways such as PayPal, Stripe, or Square. Offer multiple payment options to accommodate customer preferences and ensure a smooth checkout process. Determine your shipping strategy, including shipping rates, delivery methods, and shipping zones. Partner with reliable shipping carriers or fulfillment centers to handle order fulfillment, packaging, and shipping logistics. Provide tracking information to customers for order transparency and peace of mind. Develop a comprehensive marketing plan to attract customers to your online store. Utilize digital marketing channels such as social media, email marketing, search engine optimization (SEO), and pay-per-click (PPC) advertising to increase visibility and drive traffic to your website. Consider offering promotions, discounts, and loyalty programs to incentivize purchases and foster customer loyalty. Prioritize excellent customer service to build trust and credibility with your customers. Provide multiple channels for customer support, such as email, live chat, and phone support. Respond promptly to inquiries, address customer concerns, and strive to exceed customer expectations at every touchpoint. Monitor your website performance and track key metrics such as website traffic, conversion rates, and sales revenue using analytics tools like Google Analytics. Use this data to identify areas for improvement, optimize your website for better performance, and make data-driven decisions to grow your online retail business.

Launching and growing a successful online retail business in ready-made garments requires dedication, perseverance, and continuous innovation. Stay adaptable, keep up with industry trends, and always prioritize the needs and preferences of your customers to build a thriving online brand. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.
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Asked by Anonymous - Jan 17, 2025Hindi
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Then doctor asked her why she stopped and what I said, my wife said that he is asking for female staff and doctor said “I am a doctor and I am not having female staff and there is nothing male and female in doctor’s consultation” my wife got convinced and told me that we are continuing with this doctor and I also shaked my head as consent sign but not aware with the upcoming surprise and then she open her upper body part and doctor did the check up by pressing or whatever doctor does. And I was not ready for this So, I am still in trauma due to this, but I don’t want her to show her body to any male doctor. That picture comes again and again in my eyes. I don’t want to break my relation with wife, because we married 20 years before and we have 2 daughter and I love her too much. But she has disobeyed me and obeyed that doctor. I am in a trauma. What should I do to come out of this trauma. Please let me know.
Ans: To address your trauma, start by having an open and honest conversation with your wife about your feelings. Express your emotions calmly, without blame, so she can understand the depth of your discomfort and help you work through it. It's also crucial to recognize that trust and mutual respect are fundamental in any relationship. Your wife’s decision was likely driven by her need for medical care, not a desire to hurt or disobey you.

Consider seeking professional help for yourself. A therapist or counselor can provide a safe space for you to explore these feelings, work through the trauma, and develop strategies to cope with intrusive thoughts. They can also help you understand the importance of medical privacy and the necessity of certain procedures, which may ease your discomfort over time.

Additionally, you might want to explore couples counseling. This can help both of you navigate this situation together, rebuild trust, and strengthen your relationship. Remember, your goal is to maintain a loving and supportive partnership, and professional guidance can be instrumental in achieving that.

Your love for your wife and your desire to keep the relationship strong is evident. By addressing these feelings head-on and seeking support, you can move towards healing and maintaining the bond you cherish.

...Read more

Ramalingam

Ramalingam Kalirajan  |7548 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 17, 2025

Asked by Anonymous - Jan 17, 2025Hindi
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Money
I'm 35 years old. I want to invest INR 65000 for retirement at 50 years old. My current expenses 65000 per month. Please guide me.
Ans: Retiring at 50 with your current lifestyle requires a carefully crafted investment strategy. Here’s a detailed guide tailored to your goal.

Step 1: Define Retirement Corpus Requirement
Current Monthly Expenses: Rs. 65,000.
Inflation Adjustment: At 6% inflation, your expenses will increase significantly by 50.
Retirement Corpus: The corpus must sustain you for at least 30+ years post-retirement.
Lifestyle Goals: Include travel, medical emergencies, and aspirational expenses in calculations.
Step 2: Asset Allocation Strategy
A balanced mix of equity and debt instruments can help grow your wealth steadily while minimizing risks.

1. Equity Mutual Funds (70% Allocation)
Why Equity? High growth potential to beat inflation over the long term.
Recommended Categories: Flexi-cap, mid-cap, and large-cap funds.
SIP/Investable Amount: Invest Rs. 45,500 monthly in equity mutual funds.
2. Debt Instruments (30% Allocation)
Why Debt? Stability and regular income during volatile markets.
Recommended Options: PPF, short-term debt mutual funds, or NPS (Tier I).
SIP/Investable Amount: Allocate Rs. 19,500 monthly.
Step 3: Include Inflation Protection
Inflation reduces the value of money significantly over time.
Your retirement corpus should grow faster than the inflation rate.
Equity exposure helps overcome inflation impacts effectively.
Step 4: Ensure Tax Efficiency
1. Equity Mutual Funds
Tax Rules: Long-term capital gains (LTCG) above Rs. 1.25 lakh taxed at 12.5%.
Action Plan: Use annual redemption to manage gains below taxable limits.
2. PPF and NPS
Tax Benefits: Both offer tax-saving benefits under Section 80C.
Lock-in Period: Ensure alignment with your retirement timeline.
Step 5: Emergency Fund Creation
Build an emergency fund equivalent to 12 months’ expenses (Rs. 7.8 lakh).
Park it in liquid funds or a high-yield savings account for quick access.
Step 6: Health and Risk Coverage
Health Insurance: Ensure adequate coverage to avoid depleting investments during medical emergencies.
Life Insurance: Use a term plan to secure your dependents until you achieve your retirement goal.
Step 7: Regular Portfolio Reviews
Review your portfolio every six months.
Rebalance based on performance, changing goals, and market conditions.
Seek advice from a Certified Financial Planner for optimized asset allocation.
Step 8: Additional Recommendations
Avoid Real Estate: Illiquid and high transaction costs make it unsuitable for your timeline.
Avoid Direct Investments: Opt for regular plans via mutual fund distributors guided by a CFP.
Diversify Investments: Explore international mutual funds for added growth.
Step 9: Incremental Contributions
Increase your SIP amount annually by 10-15% to align with income growth.
This ensures your corpus grows significantly over time.
Finally
Achieving financial independence by 50 is ambitious but achievable. Consistency in investments, inflation-adjusted growth, and regular reviews are critical. Focus on disciplined execution of the outlined plan for a secure and fulfilling retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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