Maintaining
Men’s apparel brand is quite difficult than ladies’ brands. Presently, women’s
shop runs pretty well because they can easily sale. On the other hand, Men’s
apparel brands need a great strategic plan.
Due to the
digitalized marketplace, online sales are also considered valuable to all the
brands to sustain in the market. Online sales are very high among female
apparel brands and now men’s apparel brands are also going online. But there
are various pros and cons of men’s wear brands both on online and offline
sales.
Now a days
online market places are shining and growing with much popularity. Because
shoppers are getting familiar and started to trust online marketplaces, offline
markets are going low on sales. But for men’s wear products, online sale is
still having some draw backs.
Men’s
Wear Online Sales
Men’s wear
brands were always vulnerable because of male shopping behavior. No matter
where they are selling. Though Men’s apparel brands have been thriving ever
since the fashion industry started. Yet men are somehow crucial to their
shopping choices.
So, if you
are planning to go online you must have a good strategy. Similarly, while you
are sourcing men’s wear products make sure to be wise. Even sourcing can be
done wisely online from dedicated online B2B marketplaces where men’s wear manufacturers
particularly selling their men’s wear product in bulk.
Pros and
Cons of Online Sales of Men’s Wear
There are
both pros and cons of online sales of Men’s apparel products. But a good profit
margin is even possible if you can maintain properly then. It doesn’t matter
whether you are an established brand or a startup business.
Lower
Setting Cost
Well if you
are planning to build an online apparel shop it is really cost effective. If
you are planning to build an offline shop you will have to spend a lot of money
behind setting up the store. On the other hand, online store is just setting up
a website which cost way less than a part of a physical store. So the upfront
cost is really low for online men’s wear store.
Convenient
for Men
While we are
talking about men’s wear store, we must think about a men’s perspective. Men
are less likely to move from fashion house to fashion house like women do. They
also shop less because going to shop seems really boring. So, if they find out
an authentic brand that is reliable to buy from home. There is a high chance to
be come successful. Remember your success depends on how quality your products
are. Because if you lose one customer than, you are losing a lot of other
customers. It is not like any marketplace; you are selling your own branded
products online. So, you must be reliable and must have to win trust among all those
shoppers who love ordering from home and getting a good product.
It’s
Growing
Though
online retail stores are gaining huge profits from ladies clothing, but Men’s
wear is not sitting idle. According to a report by Quartz, from 2010-2015 the
online sales for men’s wear growth was 17.4% which has been slowing down from
2015 and till then the online sales still growing and by the same report
2015-2020 the growth is 14.2%. (Source).
So, don’t
lose hope, it is still possible for a good brand to do well in men’s wear
online business. In a sense this is a very good side for online sales of men’s
wear products.
Monitoring
Customers Behavior
Online
fashion is able to track customers and they are also able to conduct research
on customer behavior. Depending on that they are also able to change their
business strategy. On a similar note, they are also able to gather a lot of
data for further marketing purpose. Email marketing and social media marketing
can be possible with those data.
Maintenance
Cost is Low
We have
already spoken about the startup cost. But maintenance cost is also very low in
compare to physical store. Physical stores come with a lot of maintenance costs
and there are huge draw backs. But online stores are easy to maintain and they
come with a very minimum maintenance cost. For example, physical store needs a
lot of manpower, and many other costs. But online store needs less manpower.
Cons of
Online Men’s Wear Store
There are
many down sides of online stores along with a lot of good sides. And online
marketing cost is one of them. Besides you will also have no personal
interaction with your customers and the third one is, customers return products
a lot.
Largest
Marketing Cost
For online
men’s wear brand, marketing cost is higher than other fashion products. Men’s
are also less likely to interact with advertisements than women. Because they
appreciate and believe less quick. Therefore, getting a client online is harder
than you can imagine. On this note the marketing cost goes up. This is the
biggest drawback of the online men’s wear stores. Because you don’t have any
physical location, so you will have to attempt promoting your brand virtually
and that cost a big amount of money. If people can interact face to face, they
can remember the brand for long time.
Less
Interaction
Personal
interaction with the customer is not possible. Think what does personal
interaction do?
Personal
interaction is responsible for reminding the customer about your brand and it
also build trust among customers. While you are running your men’s wear
business then personal interaction could build a good relationship with the
customer which could benefit you in the long run.
Return of
Sold Products
This is
another biggest point to remember. Because customers cannot interact with the
physical product beforehand so they will have returning the product if they
don’t like it after getting the delivery. And this behavior pattern is more
often seen among men than women. Sometimes, due to the bad quality product your
store and brand might get negative review quickly.
Overall, the
men’s wear brands sailing online can make enough profit if they have good
quality product. Though the online fashion sale is rising but there are some
downsides which should be considered carefully. A large marketing budget is
needed for online business and you make a good profit without having a physical
location of your business.
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