Start a Bag Business
We are facing one of the most marked female weaknesses, bags. Big, small, medium, colorful, sober, formal, informal, leather or fabric, with or without prints, they have known how to conquer women’s hearts and are responsible for carrying the world that women usually carry under their shoulders. We propose you to start a Bag Business and have your own brand.
If you are looking for a sector to undertake and you like the world of fashion and accessories, then starting a bag line can be the business idea that drives you in the market as an independent. Stay until the end so that you discover everything you need to start.
Let’s get started!
Main businesses that are production here
Start with a line of handbags
Prepare a draft of your project in which you detail the initial investment, the monthly fixed costs, the conditioning of the premises where you will manufacture and sell, the cost of raw materials to manufacture the bags, the cost of labor and you will have the initial and monthly amount to start a Bag Business.
For the creation of your handbags, we recommend you to create a board in which you will have several concepts displayed that will allow you to start creating everything, where you will be inspired and create the most beautiful line of handbags, thought of your customers and with the unique touch that it must have in order to stand out from the others in the market. Remember that although quality is crucial, it is better that the prototypes are made in cheaper material, a kind of test that will allow you to set the path of your designs.
How does a bag business work?
This business idea proposes to open an elaboration based on the launch of a line of bags with which we will start our project at a general level. So we must choose if it will be a factory or a workshop, according to the volume of what you plan to manufacture.
The factory is bigger and requires more personnel, it is for constant massive productions. The workshop is cheaper to assemble, its machinery is less sophisticated and requires less personnel, it is for small quantity productions. You can start with a workshop that begins the elaboration of the bags and little by little, adapt your spaces to the conditions and needs of your business.
Who are my bags for?
Before taking a step further, you must decide what your target is; that is, who are you going to sell to? Determine the age and social class of the clients you will focus on. This information is crucial to elaborate the designs and to choose the material and color of the same one, since the ages are changing what is used and the purchasing power marks a difference between a genuine leather and a modest one. Only by knowing your target audience, you can start designing the marketing strategies you will use to get your product to them.
You can sell directly to your customers from a physical location or even sell them on the Internet. But we recommend you not to leave aside the physical sale where you can make alliances with stores and specialized shops that offer your products. As you can see, you have several possible sales channels, from which you can choose the one that best suits your initial stage.
Requirements to launch a line of handbags
Starting a business in the field of handbags requires a previous organization to be taken into account by the entrepreneur, since it is about the conditions that must be fulfilled not only by his project, but also by his spaces, his staff and even his product. Quote the equipment you need for your business
It is extremely important that you start with the registration of your business, as well as acquiring the necessary permits and operating licenses at the time of launch. To know the procedures that you have to do, go to the corresponding entity in your city to know the process, because it can vary in each city.
Equipment of your premises
The elaboration of bags, implies several things, among them the material of which the bags will be made, the accessories that will accompany them, the zippers, buttons, among other important elements. In addition, the equipment of the premises implies the investment of the necessary machines for their elaboration, inputs and labor. That is why it will be the place where you will set up your business.
Do I need to hire staff?
Ideally, you should have several models to show, which you will have made in advance for the day of the launch. These can be made by yourself only, however, as your business grows and demand increases, you will need to hire specialized personnel who have knowledge of making these types of accessories to meet the needs of your customers.
How do I promote my line of handbags?
Ideally, you should have a website, even if you don’t plan to sell the bags there, because it will allow you to expand your products to a large number of potential customers, where through quality photographs, you can start promoting them and be recognized as a manufacturer.
You can also use other lines of promotion such as physical advertising with flyers and cards, which allow you to promote your products with other businesses, you can even take with you a product catalog where the models you offer are, their peculiarities and corresponding values.
Take advantage of fashion shows, events and exhibitions to make yourself known.
Tips for launching a line of handbags and starting a profitable business
Each one of the proposals that you launch to the market, must be reviewed in detail to perfect every aspect, so your products will have the best finishes and you can create very special prototypes, which take into account the preferences of each of the people who look at them. Keep in mind that in order to establish prices, you must include production costs, manufacturing time, among other aspects. Check the market to compare costs, because they can’t be too expensive, nor too economical.
Spend a lot of time on your skills, both in the field of design and sewing. It is important that you have space for this activity, because it is not a simple process, since you must create a line of new products that really attract the attention of the public, only in this way you can get real profits. Learn as much as you can to improve your business.
Weaknesses: as we mentioned, the whole process of this business will take a long time, especially if we stop to think that it requires a design of several bags first, before making the launch, because you need samples that you can have and carry for each customer. In this same sense, patience and commitment are equally important to bring your business to success.
Pros: One of the main advantages that we must highlight is that businesses dedicated to production can have a higher percentage of profits, since they can even be the ones who sell directly to their public, since they do not need intermediaries, which also saves big money costs.
On the other hand, we cannot ignore the profitability of the fashion world, which renews and updates itself over time, bringing with it new trends and items that your business will not omit.
Do you have your ideas ready for the creation of your line of handbags? The time to start is now, materialize all these designs and start creating your own products to make money and become your own boss.
Get started today.