10 Tips to Run Your T-Shirt Business Successfully in Bangladesh
Run Your T-Shirt Business Successfully in Bangladesh
If you have a creative mind then T-Shirt business is definitely for you. The idea of putting your designs on T-shirts can be hugely appealing whether you’re an illustrator, graphic designer or typographer. But, the process of running it as a business is somehow daunting for many.
In this content, we’re going to walk through the best tips so that you can be successful in this business in Bangladesh. At the present time, it’s proven that there are ways to make a successful company with a good business plan behind you.
And before you jump in the deep end, it pays to plan as teens to Grandmas and everybody else in between producing and marketing their own products and services. Apart from these; this is one of the businesses that have created self-made millionaires across the world. Also read: Top 5 Biggest Challenges to Start a Business in Bangladesh
Top 10 Tips to Run Your T-Shirt Business Successfully in Bangladesh
Although you’re thinking that you’re all set to start this business, it needs a lot of things to do and not to do while you’re in this business.
Here are some the tips that we’re going to present you; it will tell about how to be successful in this business in Bangladesh.
Because the business model is based on partnerships with top designers and agencies, it gives the audience access to their newest outfits and accessories. Well, let’s know top 10 tips to run your T-shirt business successfully in Bangladesh.
1. Understand your competition
When you’re in T-shirt business, you should always know what other clothing labels you’ll be competing with.
You should watch what all the other funny t-shirt labels are doing off you’re starting a label based on humorous t-shirts.
Because it may spur some new ideas for your own business strategy, keep track of things like their design variety, pricing, and promotion.
By reading the blogs of competitor brands and signing up to their newsletters, this can be done easily nowadays.
Although this knowledge can help you keep up, keep track of your competitors activity.
2. Create customer-oriented products
You’d be surprised at some of the t-shirts you can find these days as it seems this step should be obvious. By getting honest opinions from others, test the quality of your t-shirts preferably people who are within your target audience.
Experiment with polls via Facebook to get real feedback from your potential audience.
3. Know the finances of a startup
Get an idea of how much everything is going to cost you when you know what you plan on doing. Also, keep track of all of your expenses while you start producing and selling t-shirts.
Without sacrificing quality, get screen printing quotes from several printers and compare prices to get the best deal. Also, you should be adding various costs, such as the cost for labeling, hang tagging, bagging, or whatever other finishing options you might use.
Apart from these, avoid forgetting the shipping envelopes, boxes, and product storage. And be careful of being a fool as there are hundreds of new t-shirt start-ups you see these days.
4. Use a solid promotion strategy
Those who discover your brand go on to spread the word to others they should figure out a way to spread the word in a manner.
And your strategy can include PPC ads, press releases to blogs, and social networking as a starter. Even, you may need to give away-shirts with your logo for free while using guerrilla tactics and promotional items like this can have a tremendous impact on your business growth.
You’ll realize that you’re going to have to spend money to market your t-shirt business sooner or later. That’s why you should be willing to pay for things like-
- Online ads,
- Event sponsorships, and
- Other paid marketing methods
5. Find partners
Although you can start your T-shirt business on your own, you should find partners to help maximize your brand’s potential and help you reach your goals more efficiently.
While collaborating with other businesses that may be of some help to you, aim to have partners within your company. But, in this case, you should start with your good friends, skilled associates or trustworthy family members.
6. Set business goals
It’s time to set some real goals when you’ve educated yourself on how to start a t-shirt business. Also, it’s essential to identify how many t-shirts you plan on selling this year and how about this month or this week.
This is because a lot of people new to the business have no idea, or just don’t care. In order to have a solid idea of what it’s working towards, a successful business sets goals for success.
Since the law of attraction goes, set a goal and believe in your ability to reach it. And you’re going to reach it if you know you’re going to reach it.
7. Plan everything
You should have a clear idea of what you plan on doing before you get started. Involving both free and paid advertising methods of getting your brand in front of your target market, plan a marketing strategy.
As a guideline for operating, compose a practical business plan. You need to identify your brand’s values, mission, objectives, strategies, goals, and long-term vision if you’re a starter.
And you should decide some points that essential for your T-shirt business.
8. Pricing your t-shirts
Depends on what it costs you to make each t-shirt, the price of your t-shirts. Make sure to include the actual price of the shirt, screen-printing costs, shipping costs, etc while calculating the price. Also, you have to consider whether you plan on selling retail or wholesale or both.
You might be able to price them lower since you are cutting out the middleman if you’re not selling your shirts to other stores or boutiques.
Making a little profit, you have to set a price that allows you to cover all the costs. But, if your costs justify it then don’t be afraid to price your shirts higher.
9. Source a good printer
Although your design is finished and properly artwork, your tee will only be as ever as good your printer. In this case, you should try a reputable company while buying a printer. However, essentially take time so that you can learn about what type of tee you want to print on.
10. Don’t quit
It’s important to find out the ways of improving your designs, your strategy or your work habits. You’re still learning so keep at it when you’re just getting started. Simply keep in mind the proverb that said, “Winners never quit and quitters never win.” If you’re frustrated then read informative, motivational books to keep your spirits up.