How to start a boutique? By Athulya - March 18, 2016 Last Updated at: Oct 06, 2020 0 10678 If you are thinking about a boutique business plan, first of all, we should say that this type of business is a great idea, because fashion industry products are always in demand. A boutique business can be quite profitable especially if you work with ladies’ wears. You need an investment of Rs. 2 lakh to Rs. 5 lakh to start a boutique in India, at least one of a small scale. The cost differences will mainly be on account of rent and quality of materials. Many women sell saris and dress materials from their homes. You do not need a lot of investment or experience to start a boutique. What You Need For Starting a Boutique All you need is suppliers and a decent place to sell your products. You can lease a small space and sell clothes, accessories and shoes. You can take capital from friends and family and start a store. You can also apply for a SME loan or a business loan. For a business loan, you have to show IT returns for the last three years and also your bank statements. You must not have a bad credit history if you are applying for a business loan from a bank. The rate of interest of a business loan is usually high. You can apply through many government schemes that help women entrepreneur set up small scale industries. These kinds of loans do not need collateral. Since the investment that you would need is small, you can this amount easily. Ask Free Legal advice You need the following to start a boutique: Permanent account number and tax deduction account number VAT registration Shop and establishment act registration This is more than sufficient to start a boutique. You will also need one or two sales girls, a store manager and an accountant. A boutique is a profitable business to go for if you have good taste and artistic sense. Many start-up boutiques have converted users into loyal customers by uploading their designs and pictures of clothes on the Facebook page. If you publish the content on Facebook page regularly, you can generate leads for your boutique. You could also start an online boutique and only have a warehouse where you stock your clothes. This is also an affordable idea to start a business. Always keep your items trendy and research the market before you stock inventory. Observe the preferences of the local crowd and stock items that generate their interest. If there is tropical or humid weather throughout the year in your city, choose cotton and linen fabrics for clothing instead of synthetic materials.