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The T-shirt Store fashion industry, in particular, the garment industry worldwide is going through a major turmoil. The reasons for this are:-
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Selling T-shirts online is not just about selling. A virtual store has the power to create a brand by making people aware of its existences and working on creating brand recognition by using suitable methods.
Also, Read: Online T-Shirt Store Business Setup in India.
To create the edge between one’s store and the completion, it is important to focus on the designing aspects, identifying a niche and quality issues like:-
The worldwide online fashion industry is expected to close at approximately 481.2 billion dollars in 2018 and grow up to almost 712.9 billion by 2022.
The Indian fashion industry stood a USD 70 billion in 2017 with online fashion amounting to USD 4 billion. It is estimated that the online fashion market will touch at least USD 12 billion by 2020. This means positive growth is expected from this industry.
As per the GOI’s regulations T-shirts store sold less than Rs. 999 attracts a GST of 5% and for T-shirts sold above Rs. 1000, the tax is 12%.
Recommended Article: 21 Low Investment Online Business Ideas.
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