Pros And Cons Of Starting A Clothing Line

Starting any kind of business has it’s pros and cons, a clothing line isn’t any different. It is up to you to decide if the pros are worth the cons, even if they outweigh the cons. This article will give you an idea of both.

The pros of starting a clothing line are being your own boss, you get to do what you love, flexible hours, unlimited income potential. The cons of starting a clothing line are financial risks, no safety net, no quick money, finding the right supplier, taxes and overhead expenses.

Keep reading to find out more about the pros and cons of starting a clothing line. This is not a long list, but it will give you some ideas that you can use to make a larger pro and con list that you can meditate on. Just remember that no one can tell you to start or to not start your own business. Only you will know if the pros and cons are worth the risk.

Table of Contents

The Pros

Building any business is exciting and you have come up with this great idea! But is the hard work to build it worth it? Let’s take a look at some of the Pros first to see what they are. These will give you a better idea of whether or not you will get the benefits will outweigh the Cons below.

You Are Your Own Boss

Pros and Cons of Starting a Clothing Line

Being your own boss is the number one and best pro of all that is why I am listing it first! No more worrying about impressing the boss, consequences if you make a mistake, and no mor annual performance evaluations to determine if you are going to get that 2% annual raise! You have full control over your hours, schedule, days you work, pay, and your vacation days! There is nothing like being your own Boss! Freedom is wonderful!

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You Get To Do What You Love

If you start any business, it is because you love what it is that you are creating that business to be. Most people who decide to step out of their comfort zone from working a 9-5 for someone else, it is to do something that they love to do. It is the “love to do” that releases the stress of working, even if it starts with some stress in the beginning. You will see some of those in the Cons section of the article.

Now, when you love what you do, you want to tell the world and in the technological world we live in today, this is an easy process. You have started a clothing with some beautiful and essential products. You love them and you want the world to love them too so what do you do, you share your line with everyone you know. With social media today, you can share the line with people you don’t know too! People that love what they do, tell what they do and show off what they do! Show off your clothing line!

Another great thing about doing what you love is you get to make money doing it! People who love to play football, golf, act, etc, get paid to do what they love, why not you!

Flexibility

As I stated in the section on being your own boss, flexibility is a wonderful thing and one of the top pros to owning your own business. You get to make your own schedule. That means that you decide what days and what hours you want to work. You decide how long you want your lunch break to be today! Do you want to sit and work at the beach or by the pool? How many vacations do you want to take a year and for how many days do you want to be gone on each one? You get to decide!

Starting Your Business From Home

You can start your business from the comfort of your own home and these days, depending on how you want to run your business, you can decide to always run it from your home. You can decide that you want it to be a sticky online business and you would never have to worry about needing an outside of the home office.

Unlimited Income Potential

Money, money, money! It all boils down to money and when you are your own boss the income potential is unlimited. It is what you make it to be. You set your own prices and your product line inventory. You decide how hard you are going to work and how much product you are going to make.

Make Money In Your Sleep

If you are building your clothing line so that it has a website, sales on other sites like Amazon or other clothing stores, you can literally be making money while you are asleep. You don’t have to be punching a time clock in a warehouse or office building to make your income!

The Cons

We have looked at the Pros to starting a clothing line above. Even though those are great reasons to start it, what about the Cons? Are there any that could away the Pros and cause you to choose that this is not the best business for you? Well, let’s discuss some below and see.

There Are Financial Risks

All businesses have financial risks. Your clothing line is no different. Make sure you have enough capital set aside or any unseen complications. Make sure you run a tight budget and spend the money wisely.

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Taxes

Self-employment taxes are high and as a business owner you will have to pay them. You need to understand that you will have to pay taxes each year and you need to know how much you will be paying yearly. This will help you to determine your clothing line business is worth building.

No Safety Net

A good thing to remember when you are working for yourself is that there is no constant paycheck when you start out. You will be paid depending on how much you sell. There will be spurts of great months and spurts of slow months. You will have to budget for the slow months so that you don’t cause your business to go under.

High Overhead Expenses

Overhead expenses come with every business. Your clothing line is not an exception. You will have them when you start your clothing line. I cannot emphasize enough, budget, budget, budget. You have to set up your budget and follow it to a “T”. Budget for your good months like they were slow months. This will help to keep you out of the red.

Finding The Right Supplier

Finding the right supplier can take you some time and may not always be and easy task. You may have to switch a few times from one to another until you find the right one. Once you find the right supplier however, it can be the best thing for your business and save you time and money in the long run.

Not Quick Money

People tend to jump out on their own and start their clothing line and think that they are immediately going to become some famous designer or business and thousands or millions of dollars with the first couple of years. It could happen. I am not saying that it can’t, but it is not realistic goals for you to set. Don’t set yourself up for failure, but instead for success. Know that success takes time and dedication.

Conclusion

Now that we have discussed both the Pros and Cons, it is time for you to make the best decision for you on whether or not to start a clothing line. Review them both. Meditate on them and take your time. Don’t make any rash decisions. You can listen to other people’s opinions, but they are not you. You have to know yourself and your business practices in order to make the decision that is going to benefit you.

Every business has its ups and downs and that is why you knowing the pros and cons is a very important. You can’t make a sound decision about starting your own clothing line business if you don’t know the pros and cons.

Remember that risk is part of life, but it is those risks that allow for us to step out of our comfort zones and start going after our dreams and desires. You don’t have to allow any fear about your education or expertise in the fashion industry stop you from making your dreams come true of owning your own clothing line. Believe in yourself. Research everything you can and good luck!

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