Virtually everyone loves to wear a T-shirt, which is possibly the most popular apparel that has ever been created. Making a modest appearance a few decades back, the humble T-shirt has been adopted by wearers all over the world, especially the youth. As a result, it can be lucrative to set up a T-shirt design and printing business. Compared to many other kinds of business, manufacturing and selling T-shirts is relatively simpler, however, you do need to have some insights into the requirements so that you can succeed. The steps involved in setting up T-shirt business:
Identify the Market You Want to Cater to
There are many different kinds of T-shirts, which are differentiated by designs, fabrics, and customer requirements. For example, while the majority of T-shirts are worn by people to be comfortable or to make a style statement, some T-shirts are worn by sportspersons and people engaged in working out. These are made from high-performance fabrics. It is a good idea to identify the market you want to address based on a survey of the market opportunities. While T-shirts for general wear sell much more, the market is crowded and it may be difficult to establish a foothold in a competitive. However, while the market for sports T-shirts is more lucrative, the volume is relatively less, and you need to focus on high-performance sports apparel for a discerning audience.
How Do You Want to Sell?
Once you have decided on the product line, you will also need to decide whether you want to design, manufacture, and retail by yourself through a chain of owned retail outlets or you want to retail through non-exclusive stores. You also have the option of just manufacturing the T-shirts and distribute them through wholesalers and distributors that can give you the benefit of a larger footprint in double-quick time. If you want to be classy and address the high-value segment, you can think in terms of establishing specialized boutiques to retail your products. If you are tech-savvy, think about selling online through a website, using social media for brand awareness, and connecting with your audiences. Remember, each of these avenues has its pros and cons and capital requirements.
Focus On Designing
To stand out from the competition, irrespective of your niche, you will need to make the design of your T-shirts fresh and exciting. The challenge of continually coming up with new designs may be too tough to handle for those whose expertise is in wholesale t shirt printing and manufacturing. It can be quite a challenge to keep a design team in-house on the go predicting the kind of styles that would be fashionable in the coming season. You may decide not to focus on this aspect and instead outsource the designs to a specialist design company with the requisite competence. It will give you the luxury of being able to pick and choose the designs you like. However, if you can specify the kind of designs, you want for your line, you are liable to get better results. You also need to make sure that you do not end up copying someone else’s design as it can result in an expensive lawsuit.
Attend To the Business Organization
Depending on your location, it is likely you will need a permit to establish a business for manufacturing T-shirts. It is important to consult a lawyer and comply with all the applicable rules and regulations. You should decide on the type of business organization like a private limited company, LLC, partnership, or sole proprietorship. You can even operate under a fictitious name with a DBA filing. There are pros and cons of each type of business organization, and you should ask your lawyer to explain them to you and make your decision accordingly. According to the US Small Business Administration, getting a trademark can be important in protecting your name from being used by others.
Determine Your Expenses and Funding Requirements
There are certain fixed costs of a business that you will need to incur regardless of the number of T-shirts you manufacture. These include rent, utilities, insurance, website hosting charges, etc. Moreover, you will need to buy raw materials and keep an inventory. For a running business, most of the expenses are on account of raw materials and manpower, which is why making your financial and sales projections accurate, is necessary.
After having decided on your target audience, your product range, and setting up your business to manufacture T-shirts, you will still need to sell them. Having clarity on your marketing, sales, and distribution strategies is a must if you want your business to succeed. Starting small is a good idea as you can avoid getting drowned by debt. In addition to the physical sales through retail stores, you can also think of setting up an e-commerce platform for online sales.