How to Start Panjabi Making Business in Bangladesh
Start Panjabi Making Business in Bangladesh
Are you looking for profitable business ideas to start your own business in Bangladesh in 2019? If you love fashion and retail work then starting a Panjabi making business is suitable for you.
Also, you need to have an eye for style and business skills can do it when you’re in this business. Moreover, a passion, effort and a good marketing plan are what you need to be successful in this business.
And if you’re a fashion designer that has just graduated and is looking for opportunities to start a new business or you are a tailor looking to expand its business then these all are right for you. Although Panjabi has less popularity than before it was, it’s worn occasionally.
As it’s a type seasonal business that gets more sells in different festivals, including Eids and pujas. With cool, quirky, and standout prints, Panjabi has been getting so popular nowadays.
Steps to Start Panjabi Making Business in Bangladesh
Panjabi making business is going to be a popular year long. Also, Panjabi is stocked in various stores and online sites as well as being a social media hit despite only being in business for one full year.
If you’re looking for a business differs from the crowd then you can start Panjabi making business in Bangladesh. The best part of the business is that you can do it from your home as it’s a kind of home-based business. However, this is not as easy as you see start the business.
For the reason that many people start this business and get failed within a few months as they don’t have proper steps and planning. Now, let’s know what the steps are to follow while starting this business.
Related content: Open Ladies Tailoring Store Business in Bangladesh
First Step: Business Plan
If you don’t write a business plan for your Panjabi making business then you’re going to make a great mistake. And you may pay its price by getting failed in your business. On the other hand, if you have a good business plan then it defines the game plan in details.
But, you’ll be flying blind without it and you’ll choose the short-term opportunities at the expense of long-term benefits. And in this case, you should start creating your business mission.
As the process of writing a mission statement doesn’t have to be complicated, from there, the other piece of the business plan puzzle will begin to fall in place.
Must Read – 10 Key Steps to Run Your Business Successfully in Bangladesh
Second Step: Evaluate Competitors
It’s a good idea to find out how you will fit in the competitive landscape before you open a Panjabi making business in your area. If you evaluate your competitors then you’ll know about their weak and strong points. When you know their weak points you can set right yourself in this business.
In this case, you have to visit widely to the shops that are near you. And try to know about their business strategies if it’s possible.
But, the best idea is that you can talk to other location’s businessmen and they will describe you in details as you’re not their competitors anyhow. This is because it’s important that you never underestimate the competition.
Third Step: Remote Business Advice
As it’s said already, it’s a wise move to have a conversation with someone who is in the business if you want to open a wholesale and manufacturer of Panjabi making business in Bangladesh.
It’s not expected that your nearest Panjabi businessmen will give you the right advice so if you think owners of nearby wholesale and manufacturer of Panjabi will give you advice then think again. This is because it’d be crazy for them to teach you the business.
So, you should seek for people who are in a remote area for proper directions. Although it can take a while to find an entrepreneur who is willing to talk, it’s well worth the effort.
Fourth Step: Make your designs
One of the most exciting stages is product development for any Panjabi making business in Bangladesh.
What you need to do that start getting it on paper or screen, as a sketch if you only have a design concept for one product in these early days. In this case, programs like Illustrator can do a lot of hard work for you.
You’ll need to think about your ‘tech pack’ when sketches were done. Aside from these, it’s from design and measurements to materials and any extra accessories or features; it’ll need to include your product’s details and technical specifications.
Fifth Step: Consider Franchising
When you opt to franchise and leverage their successful brand and track record, recognize that your chances of avoiding failure in business are higher.
So, you should determine whether there are good franchise opportunities available that might make sense for you prior to starting a wholesale and manufacturer of Panjabi. In a completely different direction, you might even find something that points you.
Sixth Step: Start manufacturing
As it’s time to take your product to the manufacturers, go back to your design work and get everything together. If you want to make them a reality then this is the point where you’ll be sourcing the person (or team) that’s going to take your designs.
Also, can skip this step if you’re intending to make everything yourself for now, or with your own hand-picked team. Moreover, if you’re simply looking to buy ready-made products wholesale then this also applies and sells them on.
And ask around amongst any contacts you have and get a feel for your priorities to start your search for the right manufacturer.
Regardless of the size, the manufacturing is a crucial part of any clothing business. That’s why speaking to and vetting a good list of potentials spend time finding. Finally, it’s time to have a sample made when you’ve decided.
Some Other Steps to Follow
There are some other steps to follow while starting a Panjabi making business in Bangladesh. And you should not ignore them anyway as they will affect your business success in many ways. Some of them are below:
- Create your brand
- Produce quality products
- Learn from other designers
- Learn from doing wrong
- Hustle hard
- Fill your legal requirements
- Be part of your local community