2020 is around the corner and your head is already FIRED UP with hundreds of entrepreneurial notions! You have a thing for socks business and you already started your research. But… everyone seems to either sell their success business stories or drive you away based on their failures… and it’s kind of holding you back.
THIS IS NOT HAPPENING AGAIN!
Because this time, Moody Socks Factory has got your back!
This blog is customized specially for you To present you with a logical explanation of why your thought to start a socks business is the optimal choice!
Now your head can’t stop buzzing with inquiries and it’s loud enough that we can hear it!
“Is a socks business really worth it?”
“Is it rewarding financially and professionally?”
“Is it sustainable?”
“Is it what the market needs right now?”
“Would there be trustworthy suppliers?”
And we do understand! Starting a new business can be overwhelming. It has endless demands and endless risks. However, among all the industries, among all the ventures, among all the entrepreneurship battlefields, a socks business is a safe haven! Let us tell you why:
1- The Global Socks Market:
According to Zion’s Market Research report;
“The socks business was valued around $11.7 billion in 2018 and is expected to reach around $24.16 billion by 2025, at a CAGR of slightly above 10.09% between 2019 and 2025.”
Figures don’t lie, JUST DO THE MATH! Are you willing to miss out on that?
Conclusion: A socks business in 2020 is rewarding.
Deciding to be part of such an expanding market that will lead you to achieve success and generate ambitious profit is A SURE THING now!
2- The Needs Of The Marketplace:
“One can never have enough socks,” J.K. Rowling once wrote. Well said J.K.! We all wear socks even if not on a daily basis. Could you even recall 2 weeks in a row without wearing socks? NO WAY!
Other reasons to quit comparing a socks business to other business types are the below facts and figures:
According to Market insider’s sock market report 2015-2025, “Almost 50% of men wear socks everyday” Even in summer!
Conclusion: A socks business is sustainable.
A study commissioned by Samsung in light of the AddWash™ washing machine launch, revealed that each of us loses an average of 15 socks a year.
Moreover, Piotr Małek and Bogna Haponiuk took it further and established a lost socks calculator!
Conclusion: It is a demand!
Besides, the more they lose, the more you gain.
3- Socks Are Trendy Now:
Day after day, socks are tapping into fashion. Socks are no longer commodities, but rather must-have fashion items. People are crazy about them!
“Two years ago, there were absolutely no socks at Gucci. Designers now understand that it is a big opportunity in the same way that sunglasses are.” Chelsea, a buyer at MatchesFashion.com said. That’s a true saying and it was actually supported by Market insider’s Sock Market Report 2015-2025; “82% of young men wear odd socks at least once a week.”
Besides, celebrities have been already embracing the trend. Now, many celebrities not only show off their customized socks to add a fashionable touch to their outfits, but many of them even have their own sock lines, such as Rob Kardashian, Cash Warren, and Santigold!
Conclusion: Socks are not only a market need, they are a fashion need as well!
4- Socks Suppliers Are Right In Front Of Your Eyes:
Well, the previous reasons are currently pumping positive vibes through your veins, but you might be afraid that finding the right supplier will be the first challenge to face.
Moody Socks Factory will prove that, and this will be the most motivating reason to encourage you to get up and start your socks business now! Moody Socks Factory is the market leader in socks manufacturing with ISO 9001, ISO 14001, ISO 18001 certifications and can help you with designs and packaging designs as well. The good news is, not only do we serve mega clients; our products are also serving startups which believe that quality comes first! We eagerly respond to startups’ requests and we enthusiastically work on their products.
Conclusion: You have a trustworthy supplier now! Start your socks business and we will start providing you with the exact socks you dream of!
5- An Inspiring Example Of Success:
Got enough proof through facts and figures? Let’s end on a high note with some inspiration then! Meet Agranoff, the boy who started his own socks business when he was only 13! And where is that socks business now? His brand HoopSwagg is now a profitable online-only business with annual sales of more than $1 million. Check out his inspiring story.
Now, can you imagine what you can reach by your socks business?
By now, you shouldn’t be requiring any more information to be convinced that a socks business is the best choice you can make and start putting it into practice.
Every rational reason is here to eradicate all of your very valid concerns and unleash your superpowers that lie within your entrepreneurial personality. If you’re still hesitant, then re-read this article again, and we are certain you will feel more confident.
To get a hand with manufacturing your first A-1 socks order, CLICK HERE