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
$19.3K
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
$19.3K
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 $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $500 $5,000
Website Costs $232 $6,500
Business Formation Fees $600 $4,700
Other Expenses $0 $1,800
Software Expenses $150 $3,044
Advertising & Marketing Costs $0 $7,200
Total Startup Costs $1,517 $36,994

Successful Businesses

Business URL Rank
LuLaRoe lularoe.com #317,069
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Business Enterprise Mapping businessmapping.com #697,726
Association of Image Consultants International aici.org #698,735
Fashion Angel Warrior fashionangelwarrior.com #763,747
www.ara.com ara.com #775,744
Launch Consulting Group launchconsulting.com #799,404
Image Consulting Business Institute imageconsultinginstitute.com #808,389
FashionEdits fashionedits.com #867,987
Toronto image consultant Christie Ressel helps women rise fashiontranslated.com #892,662
Elanstreet elanstreet.com #1,082,809

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 1,517 to 36,994.
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

    Direct sales

    You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process.

    Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 2

    Word of mouth

    The most tried and true way to grow a fashion consulting business is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to fashion consulting business.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜