The global T-shirt market is estimated to be over US$ 185.1 Billion with an annual growth of 6.0%. This ready market is quite attractive to anyone who would want to start a t-shirt business.
T-shirts are popular with most individuals and what varies is how a company positions itself in the market.
T-shirt making does not involve very complex processes of production and the cost of starting a t-shirt business is relatively low. However, there are various considerations to be made before you commit your money to start a t-shirt company.
Below are factors to consider when starting your own t shirt business.
Understand the T-shirt Business
The most basic requirement for any entrepreneur is to understand what the business they intend to start entails. Do your homework and gather details such as, where to get your raw materials, what is the market, and how it looks like.
Starting a t-shirt business is not any different. Spend enough time researching and when you start, things will be easy.
Niche Market for Your T-shirt Company
Almost everyone wears a t-shirt. However, not everyone wears a t-shirt of the same type. Decide if you are starting a t-shirt company for children or adults, the intended demography, and the desired look – tight or baggy.
Once you know which niche your t-shirt business will target, then you can put all your effort into perfecting your products.
Deciding Your Designs and Messages
By the time you set out in starting a t-shirt business, you already have an idea of the type and designs that most consumers love. Understanding various designs, messages, and colors a t-shirt carries helps one invest in a quality printer.
Besides, it is also easy to know various ways of achieving quality designs like direct-to-garment or dtg printing process and decide which messages are tolerated by different users.
Understand Your Competition
The T-shirt making process is not very complicated and any small company can start production. You can even make a t-shirt at home or at your garage. This makes the competition very stiff.
However, understanding who your competitors are helps you beat them with quality and marketing skills. You will know where to order your dtg printing and decide which printing processes will keep you profitable while enjoying market dominance.
Plan Your Finances before Starting a T-shirt Company
How you use finances will make or break your t-shirt business. If you overspend on your start-up, chances are that you will stretch yourself wide. If you are shy about your expenses, then your reach might not be adequate thus your t-shirt company will not give you profit as quickly as you would want.
T Shirt Business Requires Excellent Planning
While learning how to start a t shirt business is important, much effort should be put on how to put a plan into action. Most important is that you need to fulfill legal and state requirements.
Once all these requirements are in tandem with your passion, then executing the business plan will be a walk in the park.
Check out this page to learn more about how small businesses start-ups.