Business Idea

Start A Fashion Consulting Business

About

Starting a fashion consulting business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell fashion consultant, or selling fashion consultant online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a fashion consulting business ➜

Key stats

market size
$229B
revenue (monthly)
$3.5K
starting costs
$19.5K
gross margin
32%
avg product price
$300
time to build
9 months
growth
Press
business model
Software
time investment
Full time

About

Starting a fashion consulting business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell fashion consultant, or selling fashion consultant online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a fashion consulting business ➜

Key stats

market size
$229B
revenue (monthly)
$3.5K
starting costs
$19.5K
gross margin
32%
avg product price
$300

 

time to build
9 months
growth
Press
business model
Software
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Employee & Freelancer Expenses $151 $352
Equipment & Supply Expenses $500 $5,000
Website Costs $303 $7,215
Business Formation Fees $600 $4,700
Other Expenses $0 $1,800
Software Expenses $162 $3,094
Advertising & Marketing Costs $0 $7,200
Total Startup Costs $2,466 $36,361

Successful Businesses

Business URL Rank
Sarah Shaw Consulting sarahshawconsulting.com #186,440
Kevin Samuels bykevinsamuels.com #213,358
LuLaRoe lularoe.com #317,069
Business Enterprise Mapping businessmapping.com #687,456
Launch Consulting Group launchconsulting.com #799,404
Image Consulting Business Institute imageconsultinginstitute.com #808,389
FashionEdits fashionedits.com #867,987
Fashion Translated fashiontranslated.com #892,662
Fashion Angel Warrior fashionangelwarrior.com #952,649
Association of Image Consultants International aici.org #1,188,482
MBO Colorado mbocolorado.com #1,197,366

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required The cost to start a fashion consulting business costs significantly less money than most businesses, ranging anywhere from 2,466 to 36,361.
Rewarding work Starting a fashion consulting business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Quick build time The average time it takes to build your product is quick - typically around 9 months. This will allow you to bring your product to market faster.
Cons Description
Longer Sales Process A fashion consulting business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Work can be inconsistent As a fashion consulting business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Stressful work This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.
Niche Market A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.
Time commitment With starting a fashion consulting business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.
You might struggle financially (at first)! If you bootstrap your business or choose not to pay yourself (or pay yourself less than you were making at your corporate job), this can be financially taxing. It's important to adjust your lifestyle and set a plan for yourself so you don't find yourself in a stressful situation.

Marketing Ideas

  • 1

    Affiliate Program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.