Posts

6 Crucial Mistakes People Make When Starting a Clothing Line

StrategyDriven Business Startup Article |Starting Your Own Business | 6 Crucial Mistakes People Make When Starting a Clothing LineBuilding and marketing a clothing line these days is easier than ever with easy access to manufacturers from all over the world, private label options, and cheap marketing methods. But that also means the market is more saturated than ever, and for every clothing startup that succeeds, thousands fail. That’s just the reality of the business. However, in many cases, clothing startups with great concepts and products fail because they committed some crucial mistakes that could have easily been avoided. Let’s take a look at some common mistakes clothing startups make and how to avoid them.

Trying to Start Too Big

One of the most common mistakes is trying to start too big and having too wide a selection when getting started. Buying tons of inventory is also a bad idea.

You should only start with a handful of items, or with one signature product. A lot of clothing companies started that way and made it big. Now successful Johnny Cupcakes started by selling t-shirts with their logo on it. Jac Vanek is another example. She started by selling simple bracelets at music festivals and now owns a multi-million-dollar label. Starting small will allow you to limit your overhead and initial investment while building brand awareness.

Ignoring the Small Details

When starting, it’s important to have a solid marketing strategy and great designers, manufacturers, and distribution channels. But it’s also easy to overlook the simple things, like label design and manufacturing, for instance.

These are the kind of things you cannot ignore when you start building a brand. You want to design a label that represents you and that will leave a lasting impression. People often don’t realize how important the role labels play in a purchasing decision, but it could actually make or break a purchase. If they like your product and your label looks cheap or poorly written, it will reflect on your brand as a whole.

You not only want to work with a label designer that will be able to help you with your design and help you bring your ideas to life but you also need someone who can deliver consistent results and on time. That’s why you have to do your due diligence and work with manufacturers with a solid reputation in your business.

This label manufacturer, for instance, has worked as nominated label supplier for major brands like Calvin Klein and Ralph Lauren. That’s the type of manufacturer you should be looking for if you want to make a mark with your brand. Don’t make the mistake of cutting corners in this area – invest in quality labels for your brand if you want to give off the right impression.

Not Having the Resources

Another thing you’ll have to consider is resources. If you don’t have the resources to fulfill major orders from an important retailer, this could reflect badly on your business and you could potentially miss major opportunities. You have to make sure that you have the proper financial backing, either through a line of credit or a partner, so you can cover for any emergency. This also stresses the importance of starting small and limiting your overhead before you think of expansion.

Bad Promotion and Marketing

Yes, it’s true that social media is a cheap and simple way to market your brand these days. But it’s also very hard to stand out because of the thousands and thousands of other people marketing there. That’s why you need to use more than social media marketing and use all the options available to you. At first, you should calculate your projected revenue and spend at least 10% to 20% of it on marketing. You can then drop down to about 5% once you start getting recognition.

However, make sure that you use this money wisely and don’t assume that you need to spend tons of money on a fashion show. These can be very expensive and won’t give you much of a return on your investment. A much better idea would be to attend trade shows or have a launch party. These will give you both visibility and the chance to close some sales as well.

Not Building Good Relationships with Vendors/Stores

You’ll have to work with a lot of people when starting a clothing label and your relationships with them could play a huge role in how successful you’re going to be. You will be dealing with buyers, factories, and other businesses, all with their own agendas and timetables. So you have to make sure that you keep things cordial with them, but make sure that your objectives are met too.

If you want to sell your products to stores, you should make sure that you contact their buyer and schedule an appointment first. There’s nothing retailers hate more than walk-ins. You should also consider which stores you want to sell through at first. A bad retailer could potentially screw you over. This is why you should also have a lawyer draft proper contracts, so you’ll have legal recourse if anything happens.

Overspending

One of the most important things when you’re getting started is setting and keeping a budget. You should also avoid spending money on unnecessary things. Start learning about taxes, and how you can get deductions on things like office supplies, your company vehicle, or gas, for instance.

One of the major mistakes people make when getting started is spending thousands on a fancy website. Creating a website nowadays is extremely easy and cheap, even for someone with limited computer knowledge. Start small with a DIY website using one of the many drag and drop builders out there and wait until you have the money to have a professional site made.

Conclusion

Starting a clothing line might seem simple, but starting a successful one is a whole other ballgame. Make sure that you come prepared and have a solid plan before you even get started. And make sure that you have the proper people surrounding you that will have the skills and expertise to make sure your brand becomes a success.

Strategies to Improve Your Online Presence

StrategyDriven Online Marketing and Website Development Article, Strategies to Improve Your Online Presence

The world is online, even if your business isn’t. Refraining from having a website, and associated local listings and social accounts is how you remain invisible to all but your locals. Now, this might seem like a great thing, when you’re, say, a local mechanic, but there are people just outside of your neighborhood who could use your services as well, only because you aren’t online, they can’t find you. Improving your online presence is how you’ll be found, it is how you’ll increase business, and it is how you’ll further your success. To improve your online presence, follow these tips:

1. Start (or Improve) Your Website

You need a website that uses cloud hosting. This is how you’ll ensure that you have miniscule chance of downtime, and how you’ll gain full customization options. You need your website to not just look good, but you need it to be fast and you also need it to be on-site SEO friendly. These three traits are what make a website perfect. Google will rank you based on your speed, and users may not go through your site if it takes ages to load. Similarly, you need the website to look great in order to convey professionalism, so that users can trust you before they even know you.

StrategyDriven Online Marketer & Website Developer Magazine

2. Grow a Genuine Community

Buying followers and likes on Instagram, Facebook, and any other social site is a waste of money. Keeping up the appearance is nowhere near as important as creating an organic, genuine community. You can use social media to increase your website visits and even your sales, but you need to do it the right way. This means crafting bespoke, unique posts with great pictures. It also means engaging with your community at large, before and after they follow you.

A great social media marketing campaign can get you the awareness you need, but you need to respond and be engaged with what your community is saying and doing to be on top of trends, and to nurture these relationships. A repeat customer is more valuable than a one-off sale any day.

3. Get Listed

If you are a local business, you have so many options to be referenced, referred to, and listed. This is great both for the organic hits from these second-party sites, and it’s also excellent for SEO. For instance, if you are a local boutique retailer, you can easily list your business on all directories, like Google or even TripAdvisor. You can also provide your local news agencies of any events you might be holding, since they are more likely to publish a local piece that promotes their neighborhood. This means that you’ll not only gain more traffic from these sites, but Google will rank your website higher due to the number of back-links. Additionally you have to learn local SEO tactics and strategies to increase traffic.

Being smart about your online presence is how you can not only be found by more people, it’s also how you’ll be trusted by more people. Trust, and greater visibility, will lead to success.

5 Ways Invoice Factoring Can Offer Quick Financial Solutions to Your Business

StrategyDriven Managing Your Finances Article | 5 Ways Invoice Factoring Can Offer Quick Financial Solutions to Your BusinessSmall or established businesses need effective cash flow to run their operations. However, maintaining a proper cash flow can prove hectic with the market and economic changes. A business should seek alternative funding to keep its operations active and productive. Besides applying for a loan, businesses can utilize invoice factoring as an alternative financing option. Pointed below are the ways invoice factoring can offer quick financial solutions to your business.

Offers Financial Flexibility

It is prudent for your business to maintain flexibility in cash flow. Your business needs to fund its operations and sustain its workforce despite hard economic times. Invoice factoring financing becomes vital as it offers your business the flexibility it deserves. You can use the unpaid invoices to get the funds you need at any time. You, however, need to find and work with a reputable factoring company to enjoy the flexibility. Remember, invoice factoring makes cash available to your business and helps avoid financial struggles that might affect its operations in the end.

Helps You Save Time and Resources

Note that applying for a bank loan means waiting for days before getting approval. The approval chances are also minimal, and your business can get affected as you wait for the approval. Most banks and credit unions also dictate that you provide collateral to process the loan. This, in the end, can be inconvenient, especially to a struggling business. However, using your unpaid invoices to secure funds saves time and resources. You avoid worrying about collateral and wasting during the application process.

Easy Application Process With Higher Financial Approval

Financial history, credit score, and collateral determine your chances of getting a loan approved by the bank. You must meet the criteria and the requirements for your business to get the funds it needs. This is, however, different when you consider invoice factoring. You don’t need to worry about collateral or your financial history to get approval. You only need to show your financial history to the customers. The factoring company needs to be confident about the payment history before taking your unpaid invoices.

Credit Control

Collecting your payments and managing the credit can have different impacts on your business. You need to be effective with debt collection to keep your cash flow steady. It is, however, hard when you have to deal with sneaky customers. You get quick financial solutions by considering invoice factoring as you avoid the stress of dealing with your customers. Note that the factoring company you sell your invoices to handles the payment collection process and credit control. You get more time and space to manage your business.

You Use the Funds for Any Business Purpose

Unlike other forms of loans, invoice factoring provides you with the funds to use for any business needs. There are no restrictions or conditions on where and how to use the funds. You can improve your working capital, fund expansion, purchase new stock and equipment and add more staff with the funds you get through invoice factoring. You enjoy financial freedom by working with a reputable factoring company.

It is crucial for a business to maintain its cash flow for its operations. However, it can prove hectic when you lack a proper financing avenue. As much as applying for loans can prove beneficial, the process can be overwhelming. You need invoice factoring to get quick financial solutions and enjoy other benefits, as highlighted above.

10 Percent More Revenue with No Marketing Spend

StrategyDriven Announcement | 10 Percent More Revenue with No Marketing SpendGrow your business without spending a single additional dollar on marketing or ads!

StrategyDriven’s E-Learning Marketing System™ is the most powerful and dynamic do-it-yourself client attraction program ever created!

We created this program with the perfect combination of online resources, tools and support to get you out of any financial distress you’re presently experiencing… help you get laser-focused on your highest income-producing activities… and help you develop and then apply the fundamentals that build multimillion dollar businesses.

StrategyDriven’s E-Learning Marketing System™ was created to give you unrestricted access to the tools, resources and support you need to build whatever size business you want.

But how do you know we’re “the real deal?”

Let’s be honest… right now you don’t, unless you’re familiar with our world-class reputation in the business growth community. But consider the information we have shared with you in this webinar. Seriously, have you ever experienced that type of in-depth, cutting-edge content from anyone else… EVER?

It simply comes down to this. Anyone can say anything these days, and of course they do. Everyone will tell you they can help you build your business… or that they have the best products and services. We believe the proof lies in “RESULTS.” Isn’t that what you want for your business and your bottom line… RESULTS?

Check us out for yourself. We insist.

As you can see, we have built a world-class business growth organization. Our core foundation is based on ethics and integrity. That’s what we stand for and deeply believe in. And it’s why we want to partner with you… someone who shares our values as well as our vision.

Take a guided tour of the StrategyDriven E-Learning Marketing System™ today!

Ways to Update Your Current B2B Website Design

StrategyDriven Online Marketing and Website Development Article, Ways to Update Your Current B2B Website DesignMany marketers and business leaders believe a website is complete when it goes live. However, a B2B web design needs consistent monitoring and updating to ensure it is still working properly and you are focusing on the right business goals. To update your B2B website design, try these few things.

Do a Website Audit

This doesn’t need to be complicated but is an opportunity to make sure everything on your website is in proper working order. Go through each page and check for issues that need fixing, such as outdated or incorrect information, broken links, style and format issues, broken forms, and technical errors. Regularly doing website audits is one of the most important aspects of updating your website.

Check Your Website Analytics

If you can install tracking and analytics tools on your B2B website, such as Google Analytics, then you can monitor how your current website is performing. Website analytics provide data on things such as the most popular and least popular pages, pages with the highest time on page, pages with the highest bounce rates, which pages are converting visitors into leads, and more. You can see which pages are helping you generate clients and get insights into how to optimize the rest of the site based on this information. One best practice is to do A/B testing on your website. This involves creating different versions of an aspect on the website, such as the CTA, and testing them against each other to see which one performs better or drives more conversions.

Update Keywords

Keywords are an important part of your website and should be updated as your business evolves and changes. Even if you did SEO keyword research when you built your website, it’s likely these keywords will change based on your audience’s preferences and needs. It’s crucial you devote time to checking your keywords regularly. You can use tools to make this an easier process, such as Google Keyword Planner, Semrush, or Moz. You don’t always need to create new content for your keywords, in some cases, you can simply update your existing content to correlate with new keywords. This can be a simple and effective way to make sure that the website is up to date and still relevant without having to do a full website overhaul.

Regularly Publish Blogs

One way to keep your B2B website updated is by regularly writing and publishing blogs. How often you do this depends on your business and availability of copywriting resources. A small company may only be able to post a few times every month, whereas large businesses may have the bandwidth and resources to post every day. In addition to considering how often you publish, think about what you are hoping to accomplish with each blog post and who the target market is for each blog. Regularly posting blogs helps improve brand awareness and establishes your brand as a thought leader in the industry.

Refresh Your Existing Content

Google and search engines reward websites that publish fresh content regularly and adding new content is a quick way to update your B2B web design, especially with tools like Sharepoint Edits which make customization quick and simple. When you add new content, it can be a great way to improve your b2b web design. You don’t necessarily need to add new content to accomplish this. You can update or refresh older content that drives traffic to your website. By refreshing existing content, you are creating relevant and fresh content that may even double your traffic. For any business in an industry that is evolving, keeping your website updated and relevant is important. Not only is it important to Google, but it also helps with visitor engagement.

These tips should help to ensure your website is current and relevant. However, every few years it’s important to redesign a B2B website design and content to ensure it’s fresh, consistent with your brand, and reflects current trends in design.

Pages

Nothing Found

Sorry, no posts matched your criteria