How To Grow Your Cloth Business 10x Within A Year? 10 Actionable Measures!
There are a few businesses that are huge and keep growing constantly. The cloth business is one of them. The textile and garment industry rakes in billions of dollars every year with substantial growth. What people wear is obviously important and the clothing industry understands that. People who have a clothing business need to constantly stand out of the crowd as it experiences increasing competition on a daily basis. Therefore sometimes, it can be hard to break into it. But, you don’t need to worry when you have some great actionable measures to grow your business ten times within a single year, such as the following.
Offer All-Encompassing Sizes
Leave the idea of straight-sized clothes in the 2000s. It is time to go beyond it and offer all-encompassing sizes to your customers. Expand your collection to cater to plus-sized people. The options for these people have been quite limited and therefore the market carries a lot of potential. So, explore the niche and grasp the opportunities. You will notice tremendous growth yourself once you add additional sizing and offer plus-size clothing.
Grow Your Ecommerce
The world has become digital and so should you (if you haven’t already). Brick-and-mortar stores just don’t cut it in today’s world. You need to have a strong and responsive website to help you generate more sales. People prefer online shopping as it is easy, convenient, controllable, and gives better prices. Make sure your website is user-friendly and not too complicated so people of all ages can access it easily.
Indulge in Organic Engagement
You might be thinking this is an obvious fact but many people are oblivious to it. Authentically engaging on social media is a must in today’s time. You must create a strong social media presence for your business. Remember the golden rule, social media marketing is not merely about selling. It’s more about authenticity and accessibility as well as storytelling. You can feature your customers as well on your business’s page to add a personal touch and make it feel more real.
Involve Marketing and Advertising
You won’t really know how social media campaigns can be a game-changer until you try them. Your cloth business can experience significant and immediate growth once after your campaign. Focus on being authentic and convey your core values to your customer. Carefully curate a campaign that will speak to your customer base and use the appropriate advertising tools to increase the revenue of your brand.
Know Your Customers
The key to gaining more sales is knowing what your customers really want. Make sure you do thorough market research and learn about your customer’s preferences in depth. While it may be appealing to create your products based on trends, it is not that viable. Instead, favor extensive market research that includes going up to people to literally know what they prefer. Once you get a clear picture, you can cater better to your target audience.
Create Brand Loyalty
Get one thing straight, no matter how many campaigns you do or trends you follow, a loyal customer base cannot be beaten. After all, your customers can be your biggest advocates. Your business’s real growth will happen when your customers will become your biggest growth drivers. This way, your brand will gain reliable sources of information as people believe your brand advocates more.
Daily Search Engine Optimization
We all use Google to search for things and this includes clothing as well. Similarly, you know that hardly any of us make it to the second page of the search. Thus, in addition to having a user-friendly website and marketing campaign, you need to work on your SEO daily. Make sure the website of your cloth business appears on the first page. Create SEO-optimized content or hire an SEO expert who can do it for you.
Amplify Your Margins
When you are done calculating the ultimate margin, you can engineer every single product for a spot on margin. Make sure to balance everything. The styles that are marketing items can have a lower margin as compared to other items. Thus, increase your margins for reinvesting in your business to get growth.
Try Up-Selling and Cross-Selling
These two ways are helpful in selling more products. You up-sell when you convince your customer to buy something more expensive or additional. Cross-selling happens when you bundle correlated products and sell them together. You can try offering discounts or free shipping. The customer also gets a good deal and you end up selling more products.
The most important thing when running a cloth business is to keep evolving. No set of rules or handbooks can teach you how to make your way in this industry. There will be new players, new customers, and new opportunities. You must know where to look and find the right direction. Don’t stick to one thing, keep trying new tactics and grabbing new opportunities to push forward.