As a teenage girl who dreams to be financially independent, I started exploiting the luxury of rich and started my ornamental shop “Affordable Fashion”. In an era where individualised and distinctive presents are greatly priced, launching a small scale decoration company presents an exciting and promising chance to get into a developing sector. The gist of my experience is not only about how I started my business but also how I made a passive income through my startup.
Remaining competitive and setting up an updated profit margin is not all you need. Just by tracking and analysing the profit,It won’t increase. we need deep calculation and observation on where we need to improve and decrease capital expenditure. This analyzation is the key for a profitable business.
As I am into ornamental business ,My motive is always to keep check on the capital expenditure by using handmade materials especially scraps which are greatly valued these days. This helped me to improve the quality and worth along with an idea on how to approach different target age group. We should always assess the public interest so the production can be a allied with the market interest. Exploration of gaps in ornamental design is another important thing which I mastered perfectly.For any startup researching gaps in the distinctive field where extensive marketing is not done expand our opportunities and reach.
Products life begin with its market introduction, then enters a period during which it’s market grows rapidly, eventually it set its standard in the society. A lot of points are to be taken care in each stages in order to ensure stability of a profitable business like this, which I established in my start up and made my first step to be an independent women.
“People don’t buy what you do, they buy why you do it.”This quotes by Simon Sinek depicts my business strategies altogether.
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