I have the business of clothes. We sell cloths online by our company website and using different social media platforms. It helps me start my own business and learn new things which will help me in future to make my life easier. Moreover, the main aim of my business is to provide high quality trendy and stylish clothes for people. We can save a lot of money and time for people by visiting on my company website. We provide free delivery to our customers so, that they can receive their product at their doorstep.
Our plan
Our plan is to cut the overheard cost and increase the profit and grow the business in other regions. We also provide eco-friendly clothes at a good price as compared to the market rate. However, we use social media platforms to attract more and more customers towards our business and secure payment option to have a good shopping experience with us.
I started this business because my relative have this business in their town and I motivated from them because I spend a lot of time there. I learned a lot of things from them and how to manage things. I also want to open my own business but with new strategies and in a modern way.
Today, fashion plays an important role in this modern era. Everyone wants stylish clothes to look trendy and good. It is a growing market as compared to other business. We can easily enter this market and grow our company.
Competitors
I will compete my competitors by provide fast and free delivery service and by secure payment option so that lot of customers can shop with us. It also helps to build trust and they can shop with us next time. We want to make a separate or good position in the market as compared to others. Additionally, we will target young people as well as others.
I start this business by my personal saving if I need any help I will take from my family and friends which help to not take any loans and run my first business on credit. I also prefer to collaborate with other, but it is my last option. In the first few weeks of my business, I hired only 2 or 3 people which helped me to grow and save my money in the initial days. One person can handle the website and other little things such as inventory, social media platforms whereas, second person can handle the customers and the issues with orders and competes of customers. I will delivery the product to doorsteps.