I am a retired person. I want to start a small readymade garment shop in Thane city. But i dont have any experience in this line. Please let me know what will be the investment, how to go about, etc. Please help.

Ans: Hi, You would need a tailor/ person who can measure and do fittings for the customer. Apart from that you may need 1-2 sales and billing people. In terms of processes, you need to detail what all key activities will be done at the store and define the standard processes for the same. Some important ones are - Store management- which includes store opening & closing, daily operations, customer management, billing, cash management etc. Also you need to have an inventory management and reconciliation process.

Ans: Create an online store first. Once you see traction, then open an offline stores. Creating a shopify store is fairly easy and low cost. Get someone to do some performance marketing.

Ans: Start with being a contractor to a larger brand/ business. It is safer and less riskier. Once you get the confidence, then you can venture fully on your own. Secondly, interiors is a "customisation" kind of work, where you get orders and then you manufacture. This is much safer as you are not manufacturing and then waiting for sales. You can associate yourself with reputed interior designers and work for/with them to manufacture products. For more insights on entrepreneurship follow me on https://www.linkedin.com/in/baqar-iftikhar-naqvi-34b27a4/

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.