Starting a fashion boutique business in Nigeria is a lucrative business that attracts a lot of customers. Although, there are a lot of quality/best fashion boutiques in Nigeria, venturing into such clothing business is profitable as long as you satisfy your customers by selling high quality clothes, keep up with the latest fashion trends in the fashion industry and maintain a good relationship with your buyers.
Most people will argue that in Nigeria, fashion boutique business is done by mostly ladies than men. While this might sound true, men that do fashion business in Nigeria are increasing on a daily business. This article will serve as a guide on how to start a fashion boutique in Nigeria, why you need start the business, best location to start a fashion boutique so that you can make the necessary profit accrued to the business.
Advantages of Starting a Fashion Boutique Business in Nigeria
1. Demand for Cloths is high
If you go to markets where people sell clothes in Lagos for instance, you will see how buyers rush the sellers of these wares. It is imperial to now that there is a high demand for cloths from people as they always need to wear cloths. Since people like to look good, it is only normal that they would love to buy good quality and stylish clothes.
2. You can either focus on a special type of clothing or all types
There are lots of areas to specialize when doing fashion boutique business. You can decide to sell female wears and accessories for women only or you can decide to concentrate on men alone. You could also sell fashion wares for teenagers or babies. Although, one might be tempted to go into all kinds of fashion trend, its advisable to stick to a particular kind of wear.
The only recorded disadvantage of running a boutique in Nigeria is its expensive nature especially when you are importing clothes from abroad. The Naira to Dollar is not favourable for those involved in this business
Things to consider in starting a successful Boutique Business in Nigeria
1. Understand the business and the latest trends in Nigerian Fashion Industry
The fashion industry is a dynamic one with various trends. It is important that you surf the internet for top best fashion websites which can be gotten online to get the latest trends in the fashion community. It would not be good for your fashion business if you do not keep up with the latest style in different fashion design as you may lose sales and customers. It is very important to learn and know the latest fashion trends so as to attract potential customers.
2. Prepare your Fashion Boutique Business Plan
As it is with every other business, it is very important that you prepare a business plan for your fashion boutique business. The business plan will outline the aim, short and long term goals e.t.c on how to run the business. Carrying out a feasibility study will help you draw up a good fashion boutique business plan.
3. Decide on the type of cloth you want to sell and the audience you are targeting
This factor is very important, but it depends on the amount of money or capital you are injecting into your business. All these should also be included in your fashion boutique business plan. The type of cloth, whether it is for female or male, old or young or even for children should be put into consideration.
4. Find a good business location
A good business location to start your fashion boutique business is an important factor that you should put into consideration. I normally advise people to go to open areas for such business because people will see the wears you display outside. Also choose a location where customers can locate you easily
5. Chose a unique Fashion boutique name
A unique fashion boutique name according to experts can help draw potential customers to your fashion business. People love to identify with brands, so if you have a unique name for your fashion business, whenever people see it, will want to visit your boutique.
How to Market your Cloths/Fashion business online
Apart from the normal creating of flyers, pamphlets and other forms of advertisements, a good way to advertise your fashion business is online. Online platforms to advertise your fashion boutique business in Nigeria is through popular shopping websites like Konga.com and Jumia.com.ng.