The leather belt is a fashion please piece that is worn around the waist. This fashion accessory is a worn by both male and female but it is widely associated with men.
The leather belt industry is a big industry and it continues to grow daily because it is a compulsory item in an individual clothing or outfit.
This business is a business that will surely give you a good return on your investment, but before venturing into it, you need to know how the business works so as to manage and run it effectively. Check out the necessary requirements:
1. CONDUCT RESEARCH:
Of course I know you might be eager to jump into the business given that it is good business, but before making that move you need to do some research work. Research and gather the necessary facts and figures that will help you start this business on a smooth ground. Like, how and where to get the raw materials, tools , machinery,local competitors and the market in general.
2. GET TRAINED:
Once you have your research work conducted, you need to get trained on how to manufacture leather belt. Contract an expert and see how things is done by yourself, like, learning about the different types of leathers, their colours, how to fit and size them properly among other things.
Once you have your research work conducted, you need to get trained on how to manufacture leather belt. Contract an expert and see how things is done by yourself, like, learning about the different types of leathers, their colours, how to fit and size them properly among other things.
3. LICENSE AND APPROVAL:
First of all, you need to decide on a unique name for your belt. This is necessary because getting the relevant license and approval from the authorities in charge will see that your belt is easily differentiated from other brands in the market and it will also enable you to run the business freely.
First of all, you need to decide on a unique name for your belt. This is necessary because getting the relevant license and approval from the authorities in charge will see that your belt is easily differentiated from other brands in the market and it will also enable you to run the business freely.
4. GET YOUR CAPITAL READY:
To get this business up and running, a minimum amount of $350, that's #105,000 naira is needed. If you have the startup capital at hand, good one. But in situation you do not have the capital at hand, then you have to consider options/ways to see that you get the required capital. There are various means you can apply for soft loans, like, from micro finance banks, private investors, friends and others.
To get this business up and running, a minimum amount of $350, that's #105,000 naira is needed. If you have the startup capital at hand, good one. But in situation you do not have the capital at hand, then you have to consider options/ways to see that you get the required capital. There are various means you can apply for soft loans, like, from micro finance banks, private investors, friends and others.
5. LOCATION:
Getting a good location to start your production wouldn't be hard here as you either get one around residential area or at the entrance of the town. Just make sure the one you will get is affordable and accessible, those two elements are important factors to consider in choosing a location.
Getting a good location to start your production wouldn't be hard here as you either get one around residential area or at the entrance of the town. Just make sure the one you will get is affordable and accessible, those two elements are important factors to consider in choosing a location.
6. PURCHASE TOOLS AND EQUIPMENT:
Once you are able to secure a place, start buying all the necessary tools and equipment needed for production. Some of the tools and equipment you will need are; punching hole tools, bolts, nuts, hammers, leather dyes and conditioners, scissors, industrial measuring tape, ruler, and sewing machine, buckles, gloves, x-acto blades, metal socket, wrenches, granite, neat foot oil, paper towels and tables.
Once you are able to secure a place, start buying all the necessary tools and equipment needed for production. Some of the tools and equipment you will need are; punching hole tools, bolts, nuts, hammers, leather dyes and conditioners, scissors, industrial measuring tape, ruler, and sewing machine, buckles, gloves, x-acto blades, metal socket, wrenches, granite, neat foot oil, paper towels and tables.
7. BEGIN PRODUCTION:
When the materials and equipment needed for production is ready, the next thing to do is to start production. Make sure the belts you are going to produce is of good quality and they must be durable. That is the only way you can carve a niche for yourself and your business. As time goes on you might need helping hands, be sure to hire experience hands that will ease all the production processes.
When the materials and equipment needed for production is ready, the next thing to do is to start production. Make sure the belts you are going to produce is of good quality and they must be durable. That is the only way you can carve a niche for yourself and your business. As time goes on you might need helping hands, be sure to hire experience hands that will ease all the production processes.
8. MARKET YOUR PRODUCT/BUSINESS:
You need to find ways to market your product once your belt is in its final stage of production, waste no time in creating the necessary awareness for your product. Find ways to develop patterns and structures that will not only enable people to see your product and patronize it but to also spread the word too. Market your belts to boutique owners in town, shopping malls, grant them discounts so as to motivate them to push your belts to their own customers.
You need to find ways to market your product once your belt is in its final stage of production, waste no time in creating the necessary awareness for your product. Find ways to develop patterns and structures that will not only enable people to see your product and patronize it but to also spread the word too. Market your belts to boutique owners in town, shopping malls, grant them discounts so as to motivate them to push your belts to their own customers.
Also, don't forget to utilize the internet, take advantage and market your belts in all the social media platforms, upload photos together with their prices so that people can see and patronize.
Be creative and imaginative in your marketing techniques and in no time, you will be smiling to the bank.