Start up and operate a low-cost handbag business from your own home--and run the business part-time while keeping your day job. A home-based business allows you to avoid overhead expenses, such as business rent and utilities. Market and sell handbags directly to customers or develop business relationships with local retailers to sell your bags for you. Take advantage of local arts and crafts fairs to display your handbags and sell them to eager buyers.
Handbag designs are limited only by your creativity and your imagination. Develop different designs and incorporate unusual materials into your designs. Get ideas for handbag designs by researching existing designs and market trends in handbag design. Sketch your designs and develop them into patterns, getting help with drafting the patterns if you need it.
Buy a sketchbook, draw your designs and make notes about fabric choices. Glue scraps of possible fabrics on the drawing page. Draw your designs in pencil, finishing with color pencils or inks. Use these design drawings as the basis for your copyright later.
Business Plan and Startup Money
According to Entrepreneur online, a handbag business can be started in your home for as little as $2,000 to $10,000. Establish a solid business plan before you borrow money to get your business off to a good start. Your business plan will include a list of all startup materials, as well as a marketing plan and long-term goals. It will also describe the different types of handbags you will manufacture and any competitors in your market.
Determine what you will charge for your handbags and who your customers will be. Your customer base depends on the style of bag you will be making. For instance, teens usually prefer styles that may not necessarily be appealing to more mature women. Decide who will be buying your bags. Create prototype handbags and give them to friends and co-workers to evaluate, which will prove invaluable in helping you to create a better product.
Industrial Sewing Machine and Supplies
Invest in a good industrial sewing machine and quality supplies when you are ready to begin manufacturing your designs. Industrial sewing machines are heavy-duty sewing machines that are designed for extended use with a variety of fabrics and materials. They can cost as little as $600 or as much as $10,000. A good sewing machine for a startup handbag business should cost under $2,000. Upgrade to a more expensive model when your business becomes more successful.
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