Hey I am on Medialย โขย 1y
When it comes to clothing, Just being economical might not work there are brands like dennis lingo making 100cr+ profits their clothes are priced very well with good designs. Consumer still want great quality and design even if the price is low, key here is finding suppliers who can give it to you at cheap price than any others with good quality. Low price means low margins so itโs a volume game you should be investing more money with more skuโs. You end up in loss even though gross margins are 50% since you need to spend a lot on performance marketing, platform fees which will be around 15-25%, delivery charges but over the time if you donโt get repeat customers and donโt have physical stores once the brand is pushed enough you end up in huge losses.
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