Now as you are ready to start a textile business, as you know all about fibers, different fields. Now you have to grow the market, you have to expand yourself, but the question is how? No Spoiler Just read the article below. #Thinkwithniche
There is no particular season for Textile Business, every time is a good time to make your Textile Business grow. Textile business is one of the most businesses that blossoms always. The current economic scenario is showing Textile Industry’s income level is rising to Rs. 250 billion in exporting. So, without waiting just go for a bright future.
Promote Your Business
For making your business grow, promotion is the most important matter. Advertising is the best way to promote. You can also go for newsletter or pamphlet distribution. Promotion will help you grow your popularity in a wide range. It does not always require having an advertisement in a newspaper or magazine. You can simply distribute pamphlets in the area and can hold an opening event to let the customers in the market be aware of your presence.
Constant Customer Survey
It is very important to know who your target audiences are, who are you selling to, what are their demands etc. Try to do a regular survey or conduct research to know the answer to these questions. This will help you upgrade your business according to customer’s needs and demands. The more you fulfill customer demand, the more will be your profit. Make sure to let them know of your terms and conditions and policies so that it does not lead to any type of confusion in the customers.
Who does not like discounts? No one wants to miss out on a discount or sale. This is why we often see big brands giving offers, like- ‘buy one get one free’ or give some percentage or discounts. This is a business strategy. For your garment business, come up with some discounts. This works especially during festivals or any other occasion.
Quality Management And Testing
Always be conscious about the quality of the product. Fabrics can be of different types; some are of good quality and long-lasting and some are very cheap and low in quality. Customers are always aware of quality. Poor quality will surely keep the customers away. So, don’t compromise about quality, have regular quality testing done by professionals.
While running a business, don’t forget to make out a time to take proper training from business professionals. Training is a very important part of your business improvement. Train the employees and the workers properly, but it’s not enough to train the workers only, you yourselves have to be properly trained. Proper business knowledge will help you to bring success.
Be punctual. Time management is very important in Business. Don’t keep customers on hold. Don’t delay in delivering or giving proper service. Delaying your customers will have a bad impact on your business.
As previously mentioned, customers can be very picky. Always be aware of their demand and be upgraded. Be alert of the latest technologies. Best and upgraded machinery and technologies will help to produce the best quality products and in less time. Mostly, new technologies become cost-effective. New technologies not only save your money but are also able to fulfill customers’ demands.
Keep Good Relationship With Suppliers
Suppliers are the number one partner for your business. Maintain a good relationship with them. It will help you to get discounts from them. Convincing suppliers will surely supply you with good quality materials. Treat your suppliers well, maintain good behavior, and pay them on time.
Government Laws and Schemes
Be aware of Government laws and take advantage of the Government Schemes. It is very important to register your business and to have a business license. Be sure to know all the legitimacies for each market and understand each region’s Border Control and Distribution Laws. There are also many Government Schemes for Textile Industry in India, like-
· Amended Technology Upgradation Fund Scheme, that promotes technical textile and alteration to technically upgraded materials,
· Integrated Skill Development Scheme, to fulfill the needs for training,
· Technology Mission on Technical Textile,
· Jute Manufactures Development Council,
· Textile Workers’ Rehabilitation Fund Scheme and many more.
Know about these schemes and take advantage of them to grow your business.
Our country’s technology, manpower, resources, are enough to grow our Textile Industry market in India. The textile itself is such an industry that has a lot of demand. A little exertion can surely help you to flourish in the market with your business.