Did you know that India is the second largest garment manufacturer in the world*? Readymade garments (RMG) present a good business opportunity for those willing to foray into garment manufacturing. Streamlining it further, you can consider ladies garment manufacturing to begin with. Women’s Clothing makes for a fun, diverse, and versatile option to explore. But, competition is fierce, from online as well offline retail players.
Hence, here are two ways to approach this business. You can build your create customised products, create your niche customer base, and start selling. Else, start manufacturing daily wear/ office wear/causal clothing by bulk and become a wholesaler. No matter which option you choose, keep upgrading your products to survive the competition.
Let’s take a quick look at a logical progression of steps for a ladies garment manufacturer to consider:Decide what to sell
There are a wide variety of products up for manufacturing and you need to take your pick. It’s advisable to start with one category at a time. Market research is a great way of discovering in-demand items. Since your chosen category will also have many options under it, narrow down your offering. Focus on a defining quality that makes your product stand out in a crowd. You can consider other categories once your venture has scaled.List raw materials you’ll need
With the product idea in mind, now it’s time to make a list of raw materials required to manufacture the garments. Consider availability, quality, cost, etc. of raw materials before zeroing-in on them. This will be a part of your budget on material sourcing.Fix the volume you want to begin with
The idea is to begin on a small scale and allow your venture time to mature before scaling. Roughly estimate the number of products you want to deliver in your first batch. Later you can modify this figure depending on your budget and customer demand.Mull over the means of production
All the preceding factors will help you decide what type, number, and selection of machines you’d need for your production facility. This will help you to calculate capital investment in machines. Along with basics like sewing machines, you need to make a list of other essential paraphernalia like pressing tables, boilers, diesel generator for power back-up, finishing room equipment, furnishings, etc.Consider the factory space
Your manufacturing unit should have space for installing machines, space for production and associated processes. You can have your rent, or buy the required area, per your need. The amount you invest should be estimated as part of the project budget.Weigh upon the labour requirement
Garment manufacturing is a labour-intensive business. In manpower planning, include number of staff, supervisors, and workers you need to hire to make projected garments in order to run the business smoothly. Estimated salaries for each employee becomes a part of your operating cost.Calculate the budget
To know the estimated budget you have to prepare cost of the project. You need to calculate total capital investment, rent, EMI amount (if you are taking loan), salary, and running costs. Do rememeber that you’ll have to budget advertising your products to get noticed. To run your business smoothly, prepare monthly cash flow requirement for at least one year before your begin.The Amazon edge
It’s time to go out there and hit the market. Consider Amazon’s well-know, integrated platform for selling. On the one hand an established marketplace makes for a great promotional platform, on the other your products have a ready customer base to cater to. And, this is only the tip of the iceberg of benefits. Open your seller portal
today and get the competitive edge of Amazon’s trusted platform for your venture.Source: Indian mirror: Indian Garment Industry