How to Launch a Luxury Startup

[@ScalingRetailConsulting]

Ready to launch and scale your retail business? Watch now this next video: kzbin.info/www/bejne/e2LFe4yehpeWqrc

[@mikayxx2566]

Hiii!! I want to start a luxury brand and be as big as Chanel or YSL, but at the same time I also want to pursue medicine. I don't think I can dabble with both careers but I really want to go in both the med and business field. Do you think I can do it or not?? Can you give me suggestions too? (if possible)

[@ScalingRetailConsulting]

Just keep working on it. If it's something you really want to do put a little bit of time into it everyday. good luck!

[@SARCASTiiK]

I need to know what color lipstick your wearing. Very chic.

[@ScalingRetailConsulting]

I can't recall, but thank you so much!

[@dmac121151]

What was the name of the young luxury brand that you named as a example?

[@ScalingRetailConsulting]

I believe it was Miyat.

[@ShotsMerkzAll]

it would be nice if you spoke about finding investors, partners and how to build a team.

[@ScalingRetailConsulting]

It's a video topic I'll make a video on in the future!

[@binitapal7816]

What could be the budget for whole startup ?? BTW that was a great tip ...Thank you

[@isabellacarusi1119]

$500-$50,000 for fashion if that helps also depending on the resources factor this could fluctuate.

[@jeffkevinsankeu5699]

great tips. thank you.

[@ScalingRetailConsulting]

Thanks for watching!

[@mrel8698]

Hello, is it possible to launch a Luxury brand without a offline store, and only base on online(online retail)

[@ScalingRetailConsulting]

2 - E-comm only brands are becoming more and more common, so it's certainly a viable option. For some more info on getting launched & e-comm, have a loos at these videos as well: kzbin.info/www/bejne/fZrVlnyvgbmfqq8 kzbin.info/www/bejne/ZpCbaZiFn76jgM0 kzbin.info/www/bejne/mKbdZ3SIqbdlbas kzbin.info/www/bejne/eaSUqqKbdshkbaM

[@ALI_FA17]

I want to make a luxury brand but only for myself, I don’t want it to be a business or some high company, I only want the brand to myself that’s how luxurious and rare it is.

[@ScalingRetailConsulting]

Ali Maximus Power you can do it!

[@love-dk7ii]

Wdym?

[@ALI_FA17]

@@ScalingRetailConsulting Thank you!! :) so far so good! God bless ALL

[@joeblack6384]

@@ALI_FA17 are you high?

[@kuffdeeztv2214]

Same reason I'm here

[@chantellea9938]

The tips you've given in this video to complete in the luxury market, would you say the same rules apply for here in the UK?

[@ScalingRetailConsulting]

Hi, thanks for watching! Yes, our content is intended for a global audience. You'll find these principles can apply to luxury markets around the globe.

[@jomx]

Hello, great video! I always wondered how luxury brands do with exclusive pieces. Let's say a company wants to number a specific jacket model and only produce 50 in total. Each jacket would have a designated number on them, so for example, 13 out of 50, etc. With the different sizes (XS, S, M, L, XL) how should these numbers be assigned to this luxury exclusive piece of the collection? Hope you keep being active on this channel I have tons of questions...

[@ScalingRetailConsulting]

And we have tons of answers. Thank you so much for watching!!

[@jomx]

@@ScalingRetailConsulting is there anyway can I expose my questions to you guys? 🙂

[@ScalingRetailConsulting]

@@jomx If you'd like to get in touch with someone part of the team, send us an email at [e-mail]

[@jomx]

@@ScalingRetailConsulting I sent an email!

[@ScalingRetailConsulting]

@@jomx talk to you soon!

[@linejrgensen4116]

Anyone who got the name of the sustainable design house she talked about at 2.35?

[@siddharthshah4220]

Hey, Syama Thank you for the tips. Would love to know more about "6 touch points" thing. Can you please point me the right direction?

[@ScalingRetailConsulting]

Send me an email at [e-mail] and maybe I can help point you into the right direction.

[@richardunachukwu11]

Hi! What should be the average markup for a luxury fashion brand?

[@ScalingRetailConsulting]

Hi there! Our blog post "5 Ways to Make Your Brand Attractive to Wholesale Buyers" talks about pricing your products properly. You can check it out at blog.scalingretail.com/5-ways-make-brand-attractive-wholesale-buyers

[@mohammedfaraz2685]

I am from India and I like to start a designer wear bridal wears suits for both men and women any suggestions??

[@JWW10666]

People always say luxury and premium brands have very high marketing cost but they forget to mention the cost reduction in other front-end segments of the business such as customer service when in comparison to an economy brand.

[@ScalingRetailConsulting]

Great Advice, Thank you so much for watching!

[@DylanEscobar]

Hey I am Dylan and I am 16 at the moment. I really want to make a brand later that is going to be between normal brands and luxury. Pricepoint between tommy hilfiger and versace for example. The biggest problem I have when I am making a game plan for myself is the making of the product. How can I find a good place to let them produce my product and how do I find a place that delivers the best quality? Do I need to have more contacts in brands for that? Thank you for reading and the nice video!

[@ScalingRetailConsulting]

Hi Dylan, finding the best manufacturer for their brands is definitely one of the greatest challenges brand owners face. Even well-established brands have to change or add new manufacturers at times, and many of them struggle here too. Recommendations from trusted sources are always great and you can meet and discuss needs/fit with manufacturers at reputable trade shows. Websites like Maker's Row share manufacturer listings which can be very helpful. Just make sure you vet any potential mfgr. partners. Best of luck!

[@SilkySaks]

Enjoyed this video. Gave a lot of things to think about

[@ScalingRetailConsulting]

Thank you, I'm happy to hear that! You can find more resources at ScalingRetail.com.

[@anna_00786]

Hi, I am launching a face serum, i would require a lot of help, would you be able to help me? Thanks x

[@ScalingRetailConsulting]

Hi there! Please feel free to contact us at [e-mail] so we can get a better understanding of the needs of your business.

[@raychelleinjete4024]

Very resourceful content. Learnt alot. Thanks..

[@ScalingRetailConsulting]

Glad it was useful!, thank you so much for watching!

[@richardunachukwu11]

Hello syama! Can a luxury start up deploy a b2b and a b2c at the same time as its distribution strategy?

[@ScalingRetailConsulting]

Hi Richard, sorry we missed this comment somehow! Are you referring to selling both retail and wholesale immediately at launch? If so, you definitely can.

[@kairi3177]

Awesome tips! Would like to talk with you more. Please put out more sessions

[@ScalingRetailConsulting]

Thanks for watching! I will be putting out more sessions soon!

[@ddoris4118]

Greetings from New Zealand. Please let me know how to spell the name of one of your favourite design houses. I thought you said "Miette" but I cannot locate it via Google. Clarification by way of spelling would be most helpful. Thank you so much.

[@ScalingRetailConsulting]

Hi there, thanks for watching. The name is spelled: Maiyet. Hope you have a great rest of your day!

[@lalilalo2199]

Its was helpful, lets make something special super rare & worldwide selling!

[@ScalingRetailConsulting]

We Es thank you so much for watching. I’m glad it was helpful.

[@eBunnee]

I know it’s unfortunate that I can’t make a brand to be in the Heritage section BUT I want my brand to be seen and viewed as a very big and high brand as big as Chanel but might not be a heritage. Just a brand that people will see as quality and authentic as other big brands. Sometimes I get intimidated by these big brands and wonder how I can be this BIG 😓 Do you think it’s possible to be as successful as these big brands? 😣

[@ScalingRetailConsulting]

Of course, sometimes it just takes a little bit longer, but anything is possible if you put the work into it.

[@KymKiswe]

Your business can be heritage but not now. It will be heritage in 100 years or 200years but you have to make sure it’s going to passed down.

[@eBunnee]

@@KymKiswe yeah I know... but I really want my brand to be as respected and quality as these big brands ☺️ does it have to be heritage before it’s known as a quality brand?

[@loveyourself954]

You know what I just subscribed ur channel , cuz I took a look on it n it's content impressive. & ik u can achieve ur goal no matter what. Trust urself , move forward. GOD BLESS YOU !!

[@eBunnee]

@@loveyourself954 Thank you, I really needed that.

[@isabellabjerke6201]

How many pieces would you recommend to have for launch? because of my budget and because I value quality and good working environments for the dressmakers way over quantity, especially at launch - im thinking small. but what is TOO small?

[@carmelamouna7804]

Did you get any answer?

[@isabellabjerke6201]

@@carmelamouna7804 No:(

[@levaughnhardie7727]

Thank you

[@ScalingRetailConsulting]

Thank you so much for watching!!

[@allenl9214]

Do you have any resources geared for an artisan jewelry business?

[@ScalingRetailConsulting]

Hi there, thanks for watching. We don't have resources specifically created for artisan jewelry, however, you'll find that most of our content may be applied towards most apparel, accessory and even home accessory brands. Feel free to visit us at www.ScalingRetail.com for more content.

[@notetomyyoungerself]

This has been helpful.. I shared your post to a few friends

[@ScalingRetailConsulting]

Thanks a lot, Fred! Have a great week.

[@savindurrathnayaka7537]

Really helpful video,subscribed just now

[@ScalingRetailConsulting]

Thanks for watching!

[@karinaanicolee]

Could you please comment, which brand was it you said you like? Thanks in advance :)

[@ScalingRetailConsulting]

It's Maiyet!

[@mehmeterkan9193]

You should by a quality mic and not a luxury one 😊

[@ScalingRetailConsulting]

I'm glad you enjoyed the content! Thank you for watching!

[@alandreareynolds]

Buy*

[@natashaedwards]

You are amazing I’m learning so much

[@ScalingRetailConsulting]

So glad we bring something to the table for you. Thanks for following!

[@jooky87]

Good explanation on why not to start a luxury brand.

[@ScalingRetailConsulting]

Depending on your business, it could be the next big move or maybe something you need to wait a beat to do. Thanks so much for watching!

[@raghavvids]

Thanks for the tips!

[@ScalingRetailConsulting]

So glad we could help you!

[@laurajshape]

Loved this. Thanks so much for posting, Syama! I especially found a few of your points helpful - that you should be prepared to be in the game for a while, maybe even a few years, before you see your sales take off, and customers need to be exposed to your brand via multiple touchpoints before they'll be willing to buy. I need to really think about this second idea and decide what all of my touchpoints should be. Do you think the various social channels equal different touchpoints (e.g. would Instagram, Facebook, and Pinterest count as 3), or would you group them together into one?

[@ScalingRetailConsulting]

Hi Laura, Thanks for watching! I would parcel out your social media - since they should all have a different strategy. IG should have different content and goals than FB or Pinterest. Best, Syama

[@EM-vy9ik]

Barneys is closing down 😖🥺

[@ScalingRetailConsulting]

Definitely a brand close to home!

[@nirubansatchithanandakumar3266]

hey ! never really got your name there, but fantastic video! As I'm watching it, i'm trying to figure out how to apply these principles onto fine-art (me being an artist), as there are similarities, in terms of buyer profiles and price-points.

[@ScalingRetailConsulting]

Thank you so much for following! We think it's so cool that what we have to share can be applicable to fine arts. Please don't hesitate to reach out to us as at [e-mail]

[@SommyLogic]

Your videos are really helpful!

[@ScalingRetailConsulting]

Thank you so much! I really appreciate the positive feedback

[@d2uk2e]

amazing video!

[@ScalingRetailConsulting]

Thank you so much :)

[@aricsebastian6672]

I'm going to start Making Handbags for my Brand, Aric Sebastian

[@eduardo42897]

Smart lady.

[@ScalingRetailConsulting]

Thank you!

[@romavictoriano]

Thank you! This is so helpful.

[@ScalingRetailConsulting]

Thank you Yumi for watching. We love to hear that our content is making a difference.

[@chloeserfaty1054]

Just love your videos, all you say is very true and interesting to be remembered. Thank you

[@ScalingRetailConsulting]

Chloé Serfaty thanks for watching!

[@graciouseflos.9219]

thank you very much

[@ScalingRetailConsulting]

You're welcome!

[@ColletteSmallofficialmusic]

thank you this was very helpful!!

[@ScalingRetailConsulting]

Thanks for watching!

[@alexishollins8623]

Very helpful! I will be emailing you asap!

[@ScalingRetailConsulting]

We're glad to help! Thank you for watching!

[@azrahcassim2560]

Hiiii to scaling retail My name is azrah tai and Im in matrix at the moment I really have this dream of owning a luxury brand in the next 5to 6 years and I was hoping you ould give a few pointers on how to start one and where to begin Thank you so much.

[@AneesaQureshi]

Really helpful! Xx

[@ScalingRetailConsulting]

Hooray, thanks for watching!

[@vpeso2161]

Beautiful

[@ScalingRetailConsulting]

Thank you so much! I really appreciate the positive feedback

[@krishnendhuchakra6358]

Impressed and Subscribed !

[@ScalingRetailConsulting]

Thank you Krishnendhu!

[@krishnendhuchakra6358]

Scaling Retail waiting for more videos regarding strategies.

[@franklopez6840]

This is wonderful content!! Very insightful and concise. Would love to get some feedback from you and connect.

[@ScalingRetailConsulting]

Thanks Frank, send us a message at [e-mail]. Hope you have a great weekend!

[@franklopez6840]

Scaling Retail you as well, thank U for the reply!

[@IdeaImplementation]

Good information bad audio quality….invest in quality audio system

[@PAWTheGoldStandard]

Would you take a look at my luxury brand and provide your insight?

[@nomadbound9610]

the only relevant step is the last one. the first are the standard for ALL brands

[@ScalingRetailConsulting]

Thank you so much! I really appreciate the positive feedback

[@hamzaabdelrahim8344]

Thank you! Very helpful. I also sent you an email.

[@ScalingRetailConsulting]

Thank you so much! We'll be in touch with you shortly!

[@albertabramchuk4719]

Your Music is so distracting.

[@ScalingRetailConsulting]

Appreciate the feedback, will fix it in future videos.

[@masuzua6305]

Kudos for the Video! Apologies for butting in, I would love your opinion. Have you thought about - Panaylee Renowned Prepotence (Sure I saw it on Google)? It is a good one of a kind guide for finding luxury or designer goods at wholesale or lower prices without the headache. Ive heard some amazing things about it and my coo-worker at very last got astronomical results with it.

[@ScalingRetailConsulting]

No I haven't! I'll have to check it out. thank you for watching!

[@ericr154]

I would not have pronounced her name the same way she did 😶

[@ScalingRetailConsulting]

Live and learn.

[@jasonRhawt]

All you need is someone famous to introduce your brand etc kanye = off white justin bieber = fog and virgil = heron preston

[@judywangui2061]

Nice video content! Forgive me for the intrusion, I would appreciate your thoughts. Have you heard the talk about - Panaylee Renowned Prepotence (Sure I saw it on Google)? It is an awesome exclusive guide for finding luxury or designer goods at wholesale or lower prices without the normal expense. Ive heard some unbelievable things about it and my mate at last got great success with it.

[@ScalingRetailConsulting]

Sounds good. I’ll have to look into it. Thank you. 👏

[@Cannonball62000]

What on earth is that awful music about?! It is neither luxurious nor ambient. It distracts from your words and makes me think of an old computer game! Please remove it? I SO wanted to hear your message/opinions but instead I am going to click away to another youtuber. Please rethink your music in the future, no music would have been better than this choice.

[@ScalingRetailConsulting]

Thanks for your feedback, we'll keep that in mind in the future.

[@jb-nk5pg]

Cannon Ball it’s not that serious...