5 Benefits of Buying from a Socks Wholesaler

Moody Socks Factory - socks wholesaler and manufacturer

As a business selling a product, you have to get it from somewhere, right? This somewhere is usually a product manufacturer, wholesaler, supplier, or a distributor. This applies to all retail fashion products including socks, which come from a socks wholesaler.

Wholesalers play a big role in the supply chain for retailers. In the socks industry, this is no exception.

In this article, we’ll be focusing on socks wholesalers, the differences between distributors and suppliers, and the benefits of working and partnering with a socks wholesaler.

That said, many of the tips and benefits included here apply to wholesalers in the fashion industry in general.

 

What is a wholesaler?

Let’s start at the beginning.

The Oxford dictionary defines a wholesaler as “a person or company that sells goods in large quantities at low prices, typically to retailers.”

In some cases, the wholesaler and the manufacturer are the same person.

In others, wholesalers buy products from one or more manufacturers and then resell them in bulk to retailers or consumers – usually at a discounted price.

For example, if you’re a store that sells socks or is looking to add socks to your offerings, you’ll want to buy these socks in bulk. This will help you cut down on the cost of buying these products.

To do that, you’ll need to find a socks wholesaler in your country, state, or region.

Whether you’re retailer or a wholesaler, you can sell products to both retailers and customers.

Another option would be to get your wholesale socks in bulk from a supplier or distributor.

Many people seem to think that wholesaling is old-fashioned and dying out because of online retailers. But the truth is, it’s because of the growing number of online stores, demand for wholesalers and buying products in bulk is growing.

Online mega retailers like Amazon, are also contributing to this increasing demand for wholesale products.

“While ecommerce enables direct-to-consumer brands to thrive by lowering the barrier to setting up shop, wholesale still offers consumers a convenient shopping experience where they can find everything they need in one place,” explains Shopify.

There are wholesalers in pretty much every industry you can think of! Whether it’s chairs for dining tables, coffee mugs, coffee machines, or equipment such as TV screens and air conditioners.

However, for the purpose of this article, our focus will be on socks wholesalers.

 

Socks suppliers vs socks distributors

But what is the difference between a socks supplier and a socks distributor?

A socks supplier can be defined as a person or company that buys products from a manufacturer and offers them to retailers.

“A supplier works with distributors and wholesalers to get them the goods that they need. Without suppliers, no retailers would have access to the products that they want to sell,” explains Product Distribution Strategy.

While a supplier may manufacture products, they wouldn’t have the channels or resources to sell to customers directly.

That’s where distributors come in. Distributors are those who “have the right channels and marketing abilities to distribute their products to wholesalers and sometimes directly to retailers too.”

Imagine the entire product chain. It starts with a manufacturer, who sells their product in bulk to a supplier or wholesaler. This supplier then has to use the services of a distributor to get their product to retailers and other businesses.

Another way to do this would be through a wholesaler, who can sell to both retailers and individuals. However, they sell their products in bulk.

Suppliers are generally a business-to-business (B2B) type of seller. They don’t get in contact with retailers or shoppers.

“When working with a supplier, you first need to know how to find the best supplier for your business. It’s also essential to know how to work with them and how to get the most out of your business relationship,” Product Distribution Strategy advises.

To get the most out of your relationship with a supplier, in this case a socks supplier, you have to be aware of what they can and can’t do for you.

Stages of product distribution by Checkstand Program
Stages of product distribution by Checkstand Program

Benefits of buying from a socks wholesaler

As a retailer, you’ll find that there are many benefits to buying from a socks wholesaler.

Here are the 5 main benefits:

1. Saves time

By working with a socks wholesaler, your store, whether online or on-ground, can save lots of time and money.

Wholesalers have large product varieties and are often able to deliver on short notice.

2. Ability to make a profit

Retail businesses get their products in bulk from a wholesaler. Because of that, they get special rates and discounts.

For example, if you’re an online or physical retailer, you can make a bulk order of socks from Moody Socks Factory and get a generous discount.

The discount you get from a wholesaler is usually bigger than what you’d get from a supplier or distributor.

This helps you cut down on your costs, which in turn, helps you make bigger profits.

3. Large product variety

Another benefit to buying from a socks wholesaler is having a large variety of socks types and designs at your disposal.

Suppliers might opt to buy one type of socks or one color or one brand. On the other hand, socks wholesalers have larger varieties that they can sell to retailers.

4. Online purchasing

Wholesalers tend to be larger in size and retail volume than suppliers and distributors. That’s why many socks wholesalers have websites where you, as a retailer or distributor, can buy socks in bulk online.

In addition, you can determine the quality you want and get it delivered to your store’s address within a few days.

If you’re working with Moody Socks, our website is highly secure for online bulk purchases for local retailers, other wholesalers, distributors, and suppliers. You also get high quality packaging and a sock stand for your store.

5. Wider geographical coverage

Another benefit to working with a socks wholesaler is that they can cover a larger geographical footprint.

For example, as a socks manufacturer and wholesaler, Moody Socks works with suppliers, retailers, and other wholesalers in the United States, Europe, Africa, and the Gulf.

 

Buy wholesale with Moody Socks

So what’s it like buying wholesale socks from Moody?

Moody Socks is both a manufacturer and a socks wholesaler based in Egypt.

For 40 years, we’ve been producing socks for various Egyptian and international brands. Our production lines include women, men, children, athletes, casual wear, and formal wear, just to name a few.

Our 14-stage socks production process starts from setting the tone and selecting the designs, all the way to shipping.

Made with the finest Egyptian cotton, our socks come in various lengths, shapes, sizes, colors, and, of course, trendy and quirky designs.

 

Think of Moody Socks Factory as an all-socks company that can meet your customers’ needs.

buying from a socks wholesaler Moody Socks
Samples of Moody socks

 

As a manufacturer and wholesaler, we offer our customers large discounts when they buy socks in bulk.

Our customers have enjoyed and repeatedly made orders for our wholesale colorful socks and wholesale cotton socks.

 

Importing your socks from Egypt

Over the centuries, Egypt has been famous for its Egyptian cotton. And to-date, Egyptian companies continue to export cotton and cotton-made apparel including socks.

The United States has generally been the top export market for Egypt, taking up roughly 50% of Egypt’s apparel exports followed by Europe with 35%, according to the Value Chain Analysis for Apparel from Egypt report released in February 2020.

The report was commissioned by The Centre for the Promotion of Imports from developing countries (CBI), a subset of the Austrian Foundation for Development Research.

One of the benefits that companies often seek and that Egypt proudly offers is the availability of raw Egyptian cotton. This in turn allows Egyptian companies, like Moody Socks, to manufacture products locally at affordable prices for companies, retailers, wholesalers, and consumers.

Moreover, Egypt’s free-trade agreements support the country’s ability to collaborate with international wholesalers and retailers.

All of this translates into a fertile ground for wholesalers and retailers who would like to import their products from Egypt.

In addition, to high quality products, international businesses can expect higher profit margins due to the low costs associated with Egyptian products.

 

Get your socks in bulk with Moody Socks now!

There are many benefits to buying your socks from a wholesaler or in Moody Socks’ case, the manufacturer. That is, you’re buying from the source with no middleman.

Who do we work with? We serve various kinds of business so that retailers can deliver what their customers are looking for.

Moody Socks works with wholesalers, suppliers, distributors, retailers, and private labels.

So if you’re wondering where to buy socks in bulk for your store or if you’re looking to buy bulks of socks and sell them to retailers in your area, then you’ve come to the right place.

Moody Socks Factory
Moody Socks Factory

If you have a private label and would like to get custom socks, Moody Socks is the way to go.

Our private label clients vary from sellers of sports socks to those that whose main clientele prefer formal attire to those who sell casual every day socks.

Moreover, if you’re looking to become a wholesale socks distributor or wholesale socks supplier, we’ll supply you with high quality socks to expand your footprint in your country.

Whether you’re operating out of Germany, the United Kingdom, the United States, the Netherlands, or even countries as far as Romania, Hungary, and Ukraine, Moody Socks Factory has you covered.

Similarly, we serve customers and private labels in the Gulf region including but not limited to the UAE, Saudi Arabia, and Kuwait.

Wherever you are, get in touch with Moody Socks for high quality wholesale socks, save money, and grow your customer base.

Importing from Egypt: Everything You Need to Know

Importing from Egypt

 

Egypt’s Textile Industry Overview:

 

The Egyptian textile industry goes way back. Truth be told, it dates back to as far as the age of the pharaohs, where Egypt from that point forward, is viewed as the hub for textiles in the Middle East region. Egypt’s Ministry of Trade and Industry refers to textiles as one of the primary industries assisting Egypt’s trade balance shift in 2017, with exports increasing by around 12% and imports declining by 59%. The country all in all is home to a wide of range services with respect to the industry, spanning the entire production process. Beginning from the agriculture of cotton to the fabrication and creation of yarns, fabrics and ready-made apparel, Egypt is the land of textile and has a complete vertically integrated functioning model. 

 

In numerical terms, 25% of the textile industry is centered around textile production, of which 12% is devoted to home textiles, 8% in cotton yarn, and 5% of blended textiles. The public sector is at present dominating the scene with 50% in spinning, 60% in hemming and 60% in weaving. As for the private sector, it owns 90% of the garment side of the industry. The spinning and weaving sector is dominated by large scale industries with a solid impact on the public sector.

 

In 2017, Tarek Kabil, minister of industry and trade pointed out that the textiles industry contributed to 3% in GDP, with exports amounting to $941 million for the year, contrasted with $765 million in the same period in 2016, according to the Readymade Garments Export Council of Egypt. A 2016 report from HSBC bank pinpoints that there are above 4000 companies operating across Egypt, with 196 in free zones. 

 

By 2025, Egypt aims to be the center point of the textile industry, through intending to establish a new integrated city for textile industries and to boost the sector with EGP 12 million. The plan also includes setting up four new factories, modernizing old gear and machinery in existing factories and providing training and mentorship for workers. The government plans to quadruple textile and garment exports by 2025. 

 

Doing Business in Egypt

 

The question yet remains why one would choose to produce in Egypt over another country. The comprehensive answer lies in several variables. For one, the government runs various training programs so as to ceaselessly update the ranges of abilities and skill sets of the employees. The size of Egypt’s population empowers it to have a strong work power and diverse labor force, close to 18 million, which makes it an excellent source of productive yet inexpensive labor combining semi-skilled, skilled and highly qualified employees. Egypt has become widely known for being labor cost competitive, expressing the lowest textile total cost of labor, which is considered an open door for all countries seeking to import.  

 

Over and above that, Egypt’s state is constructing policy initiatives to boost the local textiles industry further. In July 2017, a two-year protocol with the UN Industrial Development Organization and the Italian Agency for Development Cooperation was created to increase the added value of Egyptian cotton- including capacity building training for 400 cotton farmers, workers and students at 15 textile companies. In addition, a national wide strategy for textiles, spinning and ready-made clothing was established. 

 

Another critical advantage of Egypt is the location of the country geographically wise. The location on the map facilitates fast and easy-going exports to other countries on different continents such as Asia, Africa, and Europe. Egypt’s location has made it a natural pivot for trade routers; westbound along the coast of North Africa, northwest to Europe, upper east to the Levant, south along the Nile to Africa and southeast to the Indian Ocean and the Far East. This is, of course, notwithstanding it being home to the most significant oceanic passage in the world, the Suez Canal, where more than 10% of the world’s trade passes through. At the moment, Egypt is furnished with 15 commercial ports facilitating its exports. The industry has for a long time been flexible and adaptable in terms of production quantities as well as lead times. A huge client base originating from both Europe and America are already being served from Egypt, building up practically 90% of Egypt’s apparel exports. 

 

What further gives the Egyptian textile industry an edge is also the in-house-availability of the raw material of Egyptian cotton, and consequently the capacity to produce top-notch items made of 100% Egyptian cotton for worldwide demand. This incorporates sportswear, fashion wear, clothing, suits, socks, infant wear, bed, bath and table linens, kitchen adornments, and that’s only the tip of the iceberg. 

 

Last but not least, Egypt’s free-trade agreements are a major incentive for production in Egypt. A free trade area is a region encompassing a trade bloc whose member countries have signed a free trade agreement, involving collaboration between countries to reduce or diminish trade barriers, import quotas and tariffs, and to increase trade of goods and services with one another. Egypt is a part of a number of regional and global trade agreements and initiatives. 

 

Free Trade Agreements

EUROMED – EU-Egypt 

The EU-Egypt Association agreement has been intact since 2004, creating a free-trade area and commerce region between the EU and Egypt by evacuating tariffs and duties on industrial products and making agricultural products simpler to exchange.  The agreement has a focal point of expanding trade between the two regions by reducing customs duties fee on trade bit by bit, decreasing yearly until becoming totally dispensed for certain products. EU-Egypt trade has more than doubled from €11.8 billion in 2004 to €27.9 billion in 2017. The EU, as of 2017, is Egypt’s second-biggest export destination, preceded by the US.

 

 

QIZ –Egypt

Egypt has been exerting significant efforts to open its economy through various transformations and for that reason, it laid the basis for a free trade agreement in the future by focusing on each part of modernizing its economy. Egypt-U.S. trade operates within two initiatives to increase Egypt’s exports to the U.S. The first is the U.S. Generalized System of Preferences (GSP), a preferential trade treatment program where explicitly specified items are eligible for duty-free entry to the U.S. under specific criteria. The second is the Qualifying Industrial Zones (QIZs), a one-way free trade agreement that allows Egyptian components of manufactured goods from designated industrial zones to enter the U.S. duty-free at a tariff rate of zero (the Greater Cairo Zone, the Alexandria Zone, the Suez Canal Zone, and the Central Delta Zone). The big chunk of Egypt’s exports to the U.S. continues to be textiles and apparel, which made up over 60% of the total of Egypt’s export basket and was valued at USD 1 billion in 2018. The US remains the most popular export destination for Egyptian textiles, according to the General Organization for Export and Import Control. 

Egypt – Turkey 

The free trade agreement between Egypt and Turkey was executed in 2007 for a transitional period of twelve years, encompassing evacuating obstacles and restrictions on trade merchandise, creating economic relations between the two parties by increasing mutual trade, and providing fair competition in trade between the two sides. The agreement increased the Turkish investors’ trust in the Egyptian economy and accordingly most businessmen direct their investments to joint ventures in Egypt to take advantage of the agreement. Egyptian exports of industrial goods to Turkey are exempted from all custom duties and other fees and taxes upon the entry. 

COMESA- Egypt (African Countries)

The Common Market for Eastern and Southern Africa (COMESA) is the biggest regional economic organization in Africa, encompassing 21 member states and a population of around 390 million. COMESA has a free trade area, including Burundi, Comoros, Congo, Dijibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Tunisia,Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe. The COMESA gives African nations the open door for cheaper products yet more profit as the products are not subject to duty upon import. Egypt has removed 100% of tariffs and custom duties to COMESA member states over the last ten years.

PAFTA/GAFTA – Egypt  (Arab Countries) 

Pan Arab Free Trade Agreement (PAFTA)  or Greater Arab Free Trade Agreement (GAFTA) was signed by 18 members of the Arab League in 1981, intending to encourage and develop trade among Arab States. All members consented to completely eliminate all non-tariff barriers including administrative, monetary, financial and technical barriers and to reduce tariffs annually for ten years, until reaching a free trade zone in 2005. 

EFTA – Egypt 

The European Free Trade Association (EFTA) member states, including Iceland, Liechtenstein, Norway and Switzerland entered into a free trade agreement with Egypt in 2007 so as to support bilateral trade between Egypt and EFTA states through the liberalization of trade in industrial and processed agricultural goods. On that note, Egyptian exports of industrial products are liberalized (dropping all customs duties and taxes) and Egyptian customs tariffs on industrial imports from the EFTA States will be gradually reduced until January 2020 when custom duties on all industrial products will be completely diminished. 

Agadir – Egypt

The Agadir Free Trade Agreement was articulated in 2006 to set up a facilitated free trade area between Jordan, Morocco and Tunisia. The declaration enhanced trade between Egypt and the countries; all the industrial and agriculture products are exempted from the entire tariff and the non-tariff measures. It is open to further membership by all Arab countries that are members of the Arab league and PAFTA and linked to the EU through an association agreement or free trade agreement. In March 2017, Lebanon and Palestine also consented to the Agadir agreement.

MERCOSUR – Egypt 

Referred to as the Common Market of the South, MERCOSUR is a preferential free trade agreement signed by Egypt in 2017 which permits preferential privileges for the Egyptian exports to enter the Latin American markets (Agrentina, Brazil, Paraguary and Uruguay), while lesseningthe cost of Egyptian imports from Latin America countries. The objective of this agreement is to cut tariffs by more than 90% between Egypt and the MERCOSUR countries and cancel customs duties on agricultural goods along with finding solutions to the issues of the rules of origin. 

Summary of Current Trade Agreements and Partnerships 

*Source: Euromed

 

About Moody Socks Factory

 

Having painted the full picture of the textile industry in Egypt and the regulations surrounding exporting from the country, at this point the potential of the country is evident, particularly with the endeavors being applied to boosting the textile industry in specific. 

 

To take a fast depiction of the socks industry on a worldwide scale, revenue in the socks segment amounted to $45,442 million in 2019. The market is confronting exponential growth and is expected to grow annually by 4.2% over the upcoming 4 years. The importance of socks is unlikely to diminish- footwear will always be worn over socks! Socks also fill the scope of needs running from casual, medical, sports, formal, and many more.  Nowadays, they have even become indicators of how fashionable one is.

 

Consolidating the socks industry trends, Egypt’s favorable circumstances in production and labor, and the many unhindered free trade agreements it has to offer, it becomes a no-brainer to import from Egypt, in fact, it turns into an easy decision to import from Egypt. Fortunately, at Moody Socks Factory, we can produce a wide range of socks extending from the medical to the crazy fun designs! We have hundreds of choices to accommodate your every need.

 

Moody Socks Factory has been in the market since 1982 and is as of now one of the largest private label socks manufacturers in Egypt. In terms of socks composition, we assure you that we produce 100% cotton socks with the magical touch of lycra yarns following an exceptionally unique and thorough socks production process. We also accommodate wholesale socks needs.

 

What makes us stand out are our top-notch Italian manufacturing machines and our workers who have been with us for as far as we remember.  Those two elements mixed together to enable us to convey the best quality in the market, abiding by ISO standards and benchmarks. Our edge is that we export around the globe and provide a private label service option, with the fastest production periods! 

 

Whether women, men, kids, athletic, or more, we produce all kinds of socks with the most competitive prices in the market! A portion of our customers (or business partners as we like to call them) are Activ, Misura, OR, Platisox, and many more. We serve not only mega clients but also startups. Get in touch with us and be our next business partner.  

How to Start a Successful Socks Business!

Now that you’re 100% sure that a socks business is your best option for 2020. Let’s move to the next question, how are you going to do it?

You’re totally into the socks industry and starting your own socks business and you’re trying to figure out your way into the promising socks market in Egypt. And now you need to know what are the most basic yet important questions that come after the serious intention to start, and it would be great to know the answer, wouldn’t it?

Congrats! You have reached the prerequisite to achieving the first milestone of your socks business that will lead to success by finding our blog article, why? Because while every step of the way matters, defining and being aware of the path is vital and that’s exactly what we make sure you achieve by the end of this article.

Who would better answer your questions than a market leading company in the industry of socks? One that has been in the market since 1982! We interviewed the expert minds standing behind the magnificent success story of Moody Socks Factory and they shed light on top 5 practical tips that you can’t afford to miss!  

1.What’s your edge?

We once read a precious quote by Grand Cardone, mentioned in his book: “Sell or Be Sold” that says:

“Become so sold, so convinced, so committed to your company, product, and service that you believe it would be a terrible thing for the buyer to do business anywhere else with any other product.”

and it works!

In order to reach such a level, you need to focus on your socks business’ unique selling proposition. Take your time in the brainstorming phase. Study the market thoroughly, get to know what’s trendy now and what features people constantly search for. Study your competitors closely, find out which areas you can stand out in, and decide what your unique proposition will be. Positioning your socks business does not necessarily mean bringing something new to the market, it’s more about finding a specific selling point that you brilliantly portray, market for it, and make sure it fully emphasizes that you’re the master when it comes to it.

2.Whom are you targeting?

You need to fully understand that defining your target audience is not about which segment would be more profitable, it’s more about stepping in your potential customers’ shoes and understanding their needs, wants, and expectations. Building a clear consumer profile will facilitate the targeting process and the creation of a strong retention strategy later on.

Lucky enough, the Internet is stuffed with online communities that have many potential customers to observe. The best way to deeply know your audience is to get involved in their online communities, notice the type of content they share, what they engage with the most, and what is their writing style in commenting and sharing.
Such observations will give you insights about the persona of your target audiences, and through these insights, you can decide the best way to communicate your unique selling proposition to them.     

 

3.Let quality always be your TOP priority!

Imagine your socks with their unique selling proposition as crowns. Now, who should wear crowns? KINGS & QUEENS! That’s how you need to treat your customers, they are your kings and queens who deserve your best retreats ever! Even if it seems cliché, it is true and effective!

For that reason, never compromise quality! Cutting your costs without compromising the quality of your socks or your promotion efforts is ESSENTIAL! Especially for a startup business. Perhaps the manufacturing costs are on the top of the list, taking into account the weight of determining who would be your manufacturer. If your top priority is quality and you can’t obtain it at a reasonable price, we are here to support! Moody Socks Factory’s 38 years of experience in delivering the highest quality products for the most competitive prices are ready to help you get started with the quality your brand needs!

4. Cutting costs:   

Planning to have an offline socks store is way too costly. The good news is, you don’t need to stress yourself out with a store at the beginning of your socks business. Drop-shipping is actually your best option as a start! You wouldn’t need an offline store or a stock house, only a website and social media marketing are needed. Drop-shipping is a three-party online business model, where orders are shipped directly from the manufacturer to the customer. In other words, you will have enough money, time, and effort to focus on building your brand and selling your socks while all the storing, packaging and shipping overhead costs are saved.

5. Social Media is a MUST:

Using the powers of social media, especially when you depend on drop-shipping, must be the highest priority for your business launching. The best platforms to market socks on are those who depend mainly on visuals. If you choose to go for funky trendy socks designs, Instagram is your best choice. If you will be marketing for a more formal, elite or professional audience, Pinterest is the one. However, remember that: “no one-size-fits-all” when it comes to social media! So the best piece of advice is to apply your own AB testing. Build a strategy for each platform, customize each according to your target, and go for trials. In the early months, you will figure out which platforms suit your business the most.

 

Content: Whether it’s written or visual content, BE AWARE. It’s a total switch off to make your first moves look like ads or commercial stuff. Study your audience closely, get to know their interests and favorite styles, and address them with what they need to see. Don’t think of driving sales at first! Instead, start with content that aims to spread awareness about your socks, a content that allows your target audience to engage and love what you are offering.

 

Photos Matter: Selling socks is not that hard, but it needs CREATIVITY! People nowadays perceive socks as fashion statements, not just commodities. Take advantage of that and start portraying your socks in the most unique, appealing ways to the eyes and souls of your targeted ones.

 

You have made it! Now you successfully have established your socks business first and MAIN milestones. Breathe in but keep going. Setting your eyes on your business is not enough; you need to keep monitoring the socks business, new trends, the designs, and the manufacturing techniques that will keep your business alive.

And remember that your startup is promising and can totally make it! Stay authentic, create a unique legend socks brand, and always get back to us for support. 

Already considering the manufacturing of your first line of socks? CLICK HERE and let us help!

Why A Socks Business Is Your Best Choice For 2020?

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.

ABSOLUTELY NOT! 

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