The shoe has become the most important accessory, not only for men but for women as well. These days both dress up in formal attire and hence the need for a variety of footwear is in constant demand. In fact, the truth is male customers have close to twenty pairs of shoes, and on the contrary, women have lined up more than 50 pairs. However, cost wise comparison says that men’s shoes account for about 60% whereas women’s contributions to 30% of market growth.
Leather being the primary strength of the footwear industry in India, we are the largest manufacturer of shoes next to China. In India, the well-known brands include Nike, Clarks, Reebok, Nunn Bush, and Colehaan always keep expanding their business year after year. Although these players are known for their leather shoes, India also has many small units making sandals and chappals. These small units also make a significant contribution to the footwear business and in large scale to the economy of the country.
Also, the need for a business loan to start a shoe manufacturing or selling unit in India is increasing day by day. To help entrepreneurs and the country economy grow, we offer shoe manufacturers loans for small businesses at an affordable interest rate across the nation. Our window on business loans is up to one crore and we demand no collaterals. We have tailored all of our commercial lending products to meet all the requirements of small and medium businesses in India.
A commercial loan offered for the footwear business could be utilized in the following ways:
Technology and machinery: Technological progress has become the prime focus for every footwear manufacturer. A commercial shoe manufacturer loan is utilized to invest in the equipment and machines. This will lead to handle sales through omnichannel both offline and online.
Marketing: Promoting the business is the key for each business to grow and survive. The chief component in the present day market competition is to market and advertise effectively. Investments in social media, as well as the advertising channels, require sufficient funding.
Expanding Business: Expansion is mandatory for all companies and shoe business is no exception to it. The shoe manufacturer’s loan helps in expanding the business. It can be either opening business in many locations or improvising the business unit. Any form of expansion that meets customer demand will take the business to the next level.
Online business is the trending option in India currently which can yield great returns but with minimum investment. Hence this part is explained keeping in mind that all the footwear entrepreneurs can go live to stay in the market competing with big brands.
Apart from responsive which can be accessible by all devices, your site needs to be navigation friendly. People should be able to interpret things easily. Let them not search for they want. But provide the list and also make your search tab visible. Let them find what they want quickly. Remember people won’t stay in your site for more than 5 mins and will move on to your competitors if your site is not user-friendly.
These are the baby steps which you need to carefully take to start an online store. Do not hesitate to spend initially to stay in the market forever. Footwear business online is an effective way to sell and earn a huge profit in the year to come.
We are glad for giving you an insight into the footwear business. Now, we would want to let you know about the application process in detail. Begin with the eligibility details and navigate to understand all details.
Based on the following details you provide we will let you know the rates and charges
Given all these features we can additionally tell that you can take guidance from our industry experts for any clarification related to footwear business.
Apply through our site today and get benefitted for a lifetime.