Become the ultimate craze of every woman with profitable lingerie shop business idea. Lingerie speaks much about a woman, especially her nature, taste and the reason for which she has selected this or that particular piece. There is a huge market potential in this business. So, act now to have guaranteed success with the lingerie shop business idea.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf).
THE BUSINESS IDEA
Lingerie has now become a crucial fashion statement. It is a multi-billion-dollar industry, just because this business is highly profitable. The product itself is associated with highly positive feelings, therefore the customers will disregard higher pricing.
If you have talent regarding women fashion, then you should consider the lingerie shop business idea. Women considering this business might have a side edge. Additionally, this business is not capital intensive. All you need will be a visible store location and contacts with lingerie distributors and manufacturers. To make the difference, work with a strong marketing agency.
In addition, an experienced sales consultant and a good marketing strategy will boost your sales and profit. You can also upgrade your store with men undergarments such as west and boxers.
Your customers are mostly women looking to buy lingerie and men looking for lingerie for their wives and girlfriends.
- Physical store: Malls and strip malls will be an excellent choice. Storefront location should be visible and should have displayed products for the passers-by.
E-mail Marketing: You can generate high revenues through direct mail campaign and mail-order catalogs.
- Roadside: You can reach more customers through roadside innerwear shops.
- Home Parties: You can hire consultants to host and visit in-home parties to promote your products.
The startup cost of the lingerie shop business idea is rather low, but the profit potential is quite high as you can get 100 percent profit with this business. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- This business offers you exclusive comfort, flexibility and a charming clientele.
- Your products promote a healthier and elegant lifestyle.
- Low startup investment is required for a high return.
- Great market potential with smart marketing channels.
- Beautiful marketing materials can be generated that attract your customers.