YRC Shares Key Insights on Starting an Activewear Clothing Line: Mastering the Basics for Success - Part 1
YRC explains the basics of launching an activewear line in MENA, highlighting unique market challenges and opportunities in UAE, Saudi Arabia, and Egypt.
Get advise for E-commerce retail business : https://www.yourretailcoach.ae/contact-us/
饾棔饾槀饾榾饾椂饾椈饾棽饾榾饾榾 饾棞饾棻饾棽饾棶 饾棭饾棶饾椆饾椂饾棻饾棶饾榿饾椂饾椉饾椈
An activewear business may sound attractive but as a business idea, it must go through the test of validation. Relevant questions to be asked for critical examination in this case include (but are not limited to):
路 Why activewear clothing business? Is there any specific experience or expertise that gives an upper hand or is there a pre-existing presence in a similar line of business?
路 Does the proposed business cover any market gap?
路 Does the proposed business fulfil one or more voids in the customer and user journey?
路 What are the intended value propositions? Can such values bring brand distinction?
路 Who are the potential customer segments? How can they be defined?
路 How are the intended value propositions going to be created and delivered?
路 What is the sense of ease of doing business?
The answer to the above questions may help shed light on previously unrealised or undermined pros and cons associated with the business idea and market and industry conditions. One of the important outcomes of business idea validation is that it provides valuable inputs for 饾棷饾槀饾榾饾椂饾椈饾棽饾榾饾榾 饾椇饾椉饾棻饾棽饾椆 饾棻饾棽饾槂饾棽饾椆饾椉饾椊饾椇饾棽饾椈饾榿 and overall business planning.
饾棪饾棸饾椉饾椊饾棽 饾椉饾棾 饾棢饾棽饾槂饾棽饾椏饾棶饾棿饾椂饾椈饾棿 饾棶饾椈饾棻 饾棞饾椈饾榿饾棽饾棿饾椏饾棶饾榿饾椂饾椉饾椈
Having an existing edge that is relevant to the proposed enterprise could provide competitive advantages if leveraged correctly. For example, having its own commercial space that can be used as a store location saves a significant chunk of operating expenses that otherwise must be incurred. Although as per accounting principles business owners and businesses are two different entities the benefits of this saved expense are tangible. There are also plenty of examples where popular sportspersons have forayed into the realm of fashion and fitness business.
Another form of having an existing edge is a prior presence in the same or a similar line of business or profession that could lead to the integration of capabilities. For instance, many retail clothing brands could be seen using their existing network of stores for new product lines.
Having such a scope for leveraging and integrating capabilities serves as a strategic advantage. It reduces the operational burden and the initial costs of setting up new distribution channels from scratch.
饾棬饾椈饾椂饾椌饾槀饾棽饾椈饾棽饾榾饾榾 饾棶饾椈饾棻 饾棗饾椂饾棾饾棾饾椂饾棸饾槀饾椆饾榿饾槅 饾椉饾棾 饾棩饾棽饾椊饾椆饾椂饾棸饾棶饾榿饾椂饾椈饾棿
Even though the activewear segment might have turned competitive, there is still immense potential to come up with unique value propositions and brand positioning. Activewear is associated with the sports segment - one that has numerous categories. Each category further has different levels of expertise. For example, the needs of professionals are different from those of beginners or casual hobbyists. It creates a wide gap between needs and price points. Then there is the factor of localisation. Not all sports or sports-related activity preferences are the same everywhere. The presence of necessary infrastructure and services is another vital consideration. If cities like Dubai, Abu Dhabi, Muscat, Riyadh, Kuwait City, Doha, or Cairo (to name a few) are considered, the focus for finding unique values and brand space has to go wider and deeper. As experienced omnichannel consultants, YRC recommends that the factor of ease of replicating a value proposition (by competitors, now or in the near future) should be given due consideration.
饾棭饾椂饾榾饾椂饾椉饾椈 饾棾饾椉饾椏 饾棧饾椏饾椉饾棾饾椂饾榿饾棶饾棷饾椂饾椆饾椂饾榿饾槅
In business planning, profitability is gauged at the time of financial and commercial planning. However, much before that (even before business model development), an entrepreneur should have a clear and logical vision supporting the proposed business to be promisingly profitable or resulting easily in a surplus situation. The use of the words - promising and easily is to emphasise clarity of applied vision. If profitability looks difficult in the plain sight of expert vision, the business idea may be calling for rework. Of course, no business idea is perfect from the beginning but it must show workability in its existing form - however raw it may be. For example, if the idea is to offer jogging suits at affordable rates under a given set of demographics in a given market, there should be no doubt left unaddressed in the business concept that questions its prospects of profitability.
饾棭饾椂饾榾饾椂饾椉饾椈 饾棾饾椉饾椏 饾棜饾椏饾椉饾槃饾榿饾椀 饾棶饾椈饾棻 饾棙饾槄饾椊饾棶饾椈饾榾饾椂饾椉饾椈
Every business idea must be accompanied by potential strategies for its growth and expansion walking into the future. Fortunately, there are some time-tested strategies for striving to achieve growth and expansion in business. For example, market penetration strategy tends to be popular among experienced brands and businesses. These enterprises carry strong knowledge of their products and markets. They heighten their focus on their existing markets with existing product lines. Franchising is another powerful strategy used by reputed brands and businesses to expand in different collaborative styles.
饾棓饾棷饾椉饾槀饾榿 饾棳饾椉饾槀饾椏饾棩饾棽饾榿饾棶饾椂饾椆饾棖饾椉饾棶饾棸饾椀:
YourRetailCoach (YRC) is a boutique retail and eCommerce consulting house with over 10 years of experience in developing and delivering enterprise startup and management solutions. With a scaling international trail, YRC has served 500+ clients in more than 25 verticals with a success ratio of 95%. In activewear 饾棾饾棶饾榾饾椀饾椂饾椉饾椈 饾棷饾槀饾榾饾椂饾椈饾棽饾榾饾榾 饾棸饾椉饾椈饾榾饾槀饾椆饾榿饾椂饾椈饾棿, YRC offers planning and implementation services and solutions for business setup and growth and expansion endeavours.
For expert assistance in activewear 饾棸饾椆饾椉饾榿饾椀饾椂饾椈饾棿 饾椆饾椂饾椈饾棽 饾棷饾槀饾榾饾椂饾椈饾棽饾榾饾榾 饾榾饾棽饾榿-饾槀饾椊 ( https://www.yourretailcoach.ae/fashion-retail ), management, and expansion or to speak to one of YRC鈥檚 fashion retail business consultants and Get advise for E-commerce retail business : https://www.yourretailcoach.ae/contact-us/
Rupal Nikhil Agarwal
YourRetailCoach
+91 98604 26700
consult@mindamend.net
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