How Profitable Is Clothing Business?

Investment Required To Start A Clothing Business

The total cost of starting a clothing business, including rent and a good amount of initial inventory, would cost you anywhere between $35,000 – $100,000.

Types Of Clothing Businesses & Their Profit Margins

- Retail: 53% - Online Clothing: 30% – 40% - Offline: 7% – 14% - Thirft Store: 50% – 100% - Dropshipping: 15% – 20% - Maternity: Up to 100% - Boutique: 4% -12%

Profit Margin In A Clothing Business

The gross profit margin for a small-scale clothing business is anywhere between 4%-20%.

Pros Of Clothing Business

– High profit margin. – Scalable business. – Holds word-of-mouth power. – Creative industry. – You get to shop for a living.

Cons Of Clothing Business

– Tough competition – Requires long hours – Changing trends might leave you with dead stock.

Clothing Business Owner Salary

A clothing business owner makes anywhere between $23,751 and $140,935 annually