How do I bring my business idea to life?
Hello community,
I want to start a business selling handmade handkerchiefs in India. The idea that I found unique was to craft handkerchiefs with a fabric which is anti-bacterial and has a mild and fresh fragrance in it. I know a embroidery tailor who takes orders in bulk quantities (he is really good at monogramming letters on textile pieces).
I am thinking of offering handkerchiefs in different fabric options like cotton, linen, satin, silk, etc. with multiple purposes like pocket squares and more. They will all be in different designs and also some very unusual colors to make them attractive and make people buy them.
I need advice on how to take this idea to the market, what do I need to take care of, and is this idea profitable and something I can grow?
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Dec 9, 2019
See if the sell first. After that....get a domain name and business license and do a one sheet with nice pics of our product. Then start and etsy account and paypal (or other commerce site to except payment). Do instagram photos of our product and keep selling locally. Then consider to sell through etsy.com (dont forget to set up shipping accounts too) until you can create a custom site for yourself.
I know it's alot. If you believe in our product. You can do it!
Dec 8, 2019
Hey Ashik
I have been looking forward to someone from my community and yes, I could give you a tip which would fit best to answer your question. You have an approximate value of your expenses of running your business. Your idea seems quite creative and getting it to life will only be possible if you have adequate financial support, You could do two things at this point of time.
First one is what all others have given to you as an advice
But what I believe you should do is collaborate with a big organisation which would provide you with manual labor as it is 'handmade' and you could pose the idea of your 'anti-bacterial and has a mild and fresh fragrance in it'. If you want to deal with it on small basis, then you could just ask for some funding and make the tailor do the work. What I believe is that if you start a joint venture, even if you are working in the niche market, it will boost up your sales a lot and that is what will satisfy the needs and wants of the customer profitably.
Also, you do not have to worry much about your competition as it is a different thing that you are bringing up and I wish you all the success!
I hop you'll try to implement this and it will work. Best of luck!!!
Dec 4, 2019
Hi Ashik!
What you've described is a niche product - handmade handkerchiefs with a special fabric - that's likely to be difficult to copy or reproduce on a mass scale.
Considering that a significant majority of the 'market' is global and digitized, I strongly recommend establishing your online presence. You can either create a website or an e-commerce application that allows users to see your inventory and place advance orders. You could also manage your business on social media.
The best selection for your business will definitely require market research, and being a bit tech savvy. If you decide you'd like to pursue the online route and establish a website or application, feel free to reach out. I'd love to help.
Hope this answers your question. Good luck!
Nov 30, 2019
Hi Ashik,
I wouldn't know the idea you're talking bout unless you tell us. But since we are members of a business community, I'm assuming you're referring to a business idea. That said, there are many ways to grow your business idea. The first thing to do is to evaluate the relevant market to see how your idea aligns with the industry.
Investigate the niche market that relates to your idea. Define the problem consumers are dealing with and how your startup ideas can better handle it. Look for loopholes - issues the industry is not addressing and device strategies that'll enable you to fill up the gap.
Gathering these data includes performing competitive analysis and market survey. Then put your results together in and arrange them according to topics. The comprehensive information will help you improve your ideas and grow a sustainable business.
Nov 30, 2019
Hi Ashik,
I wouldn't know the idea you're talking bout unless you tell us. But since we are members of a business community, I'm assuming you're referring to a business idea. That said, there are many ways to grow your business idea. The first thing to do is to evaluate the relevant market to see how your idea aligns with the industry.
Investigate the niche market that relates to your idea. Define the problem consumers are dealing with and how your startup ideas can better handle it. Look for loopholes - issues the industry is not addressing and device strategies that'll enable you to fill up the gap.
Gathering these data includes performing competitive analysis and market survey. Then put your results together in and arrange them according to topics. The comprehensive information will help you improve your ideas and grow a sustainable business.