MA Fashion Entrepreneurship - Stay Minimal

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PORTFOLIO Stay Minimal FashionEntrepreneurship 2024 CREATED BY UP2210699 WORDCOUNT: 2490
Contents Introduction 01 BusinessLaunchPlan 02 PESTELAnalysis 05 MarketingMix4p’s 06 BusinessModelCanvas 08 ScenarioPlanning 09 CompetitorAnalysis 10 TargetAudience 14 BrandAnalysis 15 CampaignProposal 16 Conclusion 18

Introduction

In recent years, the fashion industry has undergone a profound transformation, shifting its focus from mere aesthetics to sustainability and social responsibility. Sustainable fashion, once a niche concept, has now become a global movement, reshaping the way we perceive and engagewithclothing.

Prioritizing sustainable business practices has become vital to not onlyattractcustomersinthecurrent marketplace but also to protect futuregenerations.(Tumba,2022)

IntroducingStayMinimal,wherestyle meets sustainability in every stitch. Our brand is not just about clothing; it's a commitment to making a positiveimpactontheplanetandits people. At Stay Minimal, we believe that fashion should not come at the cost of the environment or the wellbeingofgarmentworkers.That'swhy we ' ve dedicated ourselves to crafting beautifully designed, ecofriendly clothing that you can feel good about wearing. Join us on a journey to redefine fashion for a better future one that celebrates conscious consumption, ethical production, and timeless style. Welcome to Stay Minimal, where sustainable fashion meets effortless elegance.

Let'sbegin...

INTRODUCTION APRIL 2024
01

siness unch Plan

mal aims to redefine fashion by eco-friendly, minimalist clothing for environmentally conscious , emphasising simplicity, ity, and timeless style, with a ollection including organic cotton tcally sourced denim jeans, linen atile dresses, sustainable knitwear, sorieslikescarvesandtotebags.

BUSINESS LAUNCH PLAN APRIL 2024 02

Busines Launch

Thebusinesswillbeapartn sister and I. We will first d brand identity and start a using social media tease partnerships. We have som instagraminfluencersinTha will start our business in T plausible due to Thailand's social media followers like their influencers are adve content marketing on susta consciousliving,buildinga presence and start to co minded brands and influe use sustainable packag environmentalimpact.

Our sales and distribution commerce for online partnerships with sustaina up stores in outdoor mark customer model for co messagingandsustainabili

BUSINESS LAUNCH PLAN APRIL 2024 03

Business Launch Plan

We will support our operations and supply chain by partnering with certified organic cotton farms and ethical garment manufacturers. Having transparent production processes and materials with efficient inventory management in order to minimise waste. For our financial projections, we will estimate the start-up costs and revenue projections, utilising break-even analysis to determine the timeline for achieving profitability.

The pre-launch phase will span 3-6 months, during which we will conduct market research, develop our brand identity, finalize product offerings, and build our e-commerce platform. Thelaunchphasewilllastfor1month,focusing on executing marketing and advertising campaigns, launching our e-commerce website, and beginning sales. Following the launch, the post-launch phase will involve ongoing monitoring of sales performance, gathering customer feedback, refining marketing strategies, and expanding product offeringsbasedondemand.

BUSINESS LAUNCH PLAN APRIL 2024 04

PESTEL Analysis

ItiscrucialforStayMinimaltocomprehendandadjusttoarangeofexternalelements thatmayhaveanimpactonitsbusinessoperationsandstrategicchoicesinorderto successfully navigate the ever-changing fashion market landscape. A thorough framework for analysing the political, economic, social, technological, environmental andlegalelementsthatinfluenceStayMinimal'soperationalenvironmentisofferedby aPESTELanalysis.

GovernmentRegulation

Political

TradeAgreements

EmploymentRegulations

Economic

EconomicConditions

CurrencyExchangeRates

Inflation

Social

Technological

ConsumerTrends

LifestyleChanges

DemographicTrends

DigitalPlatforms

SustainableTechnology

E-CommercePlatforms

WearableTechnology

Environmental

Legal

ClimateChange

ResourceScarcity

Ethicalsourcing

SustainablePractices

EnvironmentalRegulations

LaborLaws

IntellectualPropertyRights

PESTEL ANALYSIS APRIL 2024 05

Marketing Mix 4p’s

Product

Price

Stay Minimal offers a curated collection of minimalist wardrobe essentials made from eco-friendly materials and designed with timeless style in mind. Each product is thoughtfully designed to embody the principles of minimalism, sustainability, and quality craftsmanship, catering to environmentally conscious consumersseekinghigh-quality, timelessclothingessentials.

Stay Minimal will maintain its competitiveness in the sustainable fashion industry by using a price plan that represents the value of its clothes, which is made ethically and environmentally. Prices are chosen to guarantee that products are affordable for customers, enable for suppliers to be fairly compensated, and preserve brand profitability. Furthermore,StayMinimalmight periodically run sales or discounts to encourage purchases and draw in new clients.

MARKETING MIX APRIL 2024 06

Marketing Mix 4p’s

Place

StayMinimalwillmostlymarketits goods online, giving clients the ease of purchasing from the comfort of their homes and access to the entire selection of requirements for a minimalist wardrobe, wherever they may be. Furthermore, Stay Minimal could consider collaborating with ecofriendly boutiques and stores in ordertobroadenitsaudienceand distribution network. Stay Minimal keeps control over its brand messaging, customer experience, and sustainability activities by giving direct-to-consumer sales priority.

Promotion

StayMinimalwillemployvarious marketing and promotional strategies to raise brand awareness, engage with its targetaudience,anddrivesales, such as Social Media Marketing, Content Marketing, Influencer Partnerships, Email Marketing andEventsandCollaborations.

MARKETING MIX APRIL 2024 07

Business Model Canvas

BUSINESS MODEL CANVAS APRIL 2024 08

Scenario Planning

Fashionforward:Ridingthesustainable stylewave

Fashionistas, listen up! There's a new trend in town,andit'snotjustaboutlookingfabulous–it's about saving the planet too Say hello to sustainable style, where eco-consciousness meets haute couture in the most fabulous way possible.

Forget fast fashion and disposable trends We're all about quality over quantity, baby From organic cotton tees to recycled denim, sustainablefabricsaretakingcenterstageonthe runway and in our closets And let's not forget about upcycling – turning old clothes into new treasureshasneverbeensochic!

BreakingBarriers:Fashion'sBattlefor SustainabilityinaChangingWorld

In a fashion landscape dominated by fast trends andthrowawayculture,thepushforsustainability faces an uphill battle But fear not, fashionistas –change is in the air, and it's bringing a breath of fresh air to our closets Despite the odds, fashion rebels are leading the charge, ditching the old ways and embracing a new era of conscious couture

Sure, the road ahead may be rocky, but with every purchase, we ' re making a statement. We're saying no to sweatshops and environmental destruction and yes to a future where style and sustainabilitygohandinhand

GreenRevolution:Fashion'sSustainable Strides

In the ever-evolving world of fashion, sustainability is no longer just a passing trend –it's a movement From eco-friendly materials to transparentsupplychains,theindustryismaking strides towards a greener future But here's the twist: while sustainable practices are on the rise, lifestyle changes among consumers remain sluggish Despitetheavailabilityofeco-conscious options, many fashion enthusiasts are slow to adapttheirhabits.

StagnantStyles:SustainableFashion FacesUphillBattle

In the world of fashion, where trends come and go like seasons, the push for sustainability can feel like a lone voice in a crowded room Despite growing awareness, the reality is that many fashion enthusiasts still gravitate towards fast, fleeting styles. The struggle? Encouraging meaningful lifestyle shifts alongside sustainable practices While the desire for eco-friendly fashion is gaining traction, deeply ingrained consumer behaviors and industry norms pose significanthurdles

HighProbability H i g h P r o b a b i l i t y L o w P r o b a b i l i t y LowProbability L i f e s t y l e C h a n g e s L i f e s t y l e C h a n g e s SustainablePractices SustainablePractices
SCENARIO PLANNING APRIL 2024 09

Competitor Analysis

Fornewfirmstosucceedintheever-changingworldofsustainable fashion,itisimperativethattheycomprehendthecompetitive environment.Inordertoestablishalastingpresenceinthemarket,Stay Minimalmustevaluatetheadvantages,disadvantages,possibilities,and riskspresentedbycurrentrivals.StayMinimalmayprovideimportant insightsintomarkettrends,consumerpreferences,andareasfor differentiationbyperformingathoroughcompetitorstudy.

COMPETITOR ANALYSIS APRIL 2024 10
Brand1 Outerknown Brand2 Kotn Brand3 Allbirds

Outerknown

Professional surfer Kelly Slater founded Outerknown, a sustainable fashion label. Using organic and recycledfabrics,theyspecialiseinproducingclassic, environmentally responsible clothes. Fair labour practices and transparency are prioritised by Outerknownacrosstheirsupplierchain

Strengths: The adventure and sustainability at the core of Outerknown's brand identity make it strong. Their unique designs and celebritybackinghelpthemstandout in the marketplace. Additionally, they have a devoted clientele of ethically consciousshoppers.

Weaknesses: While Outerknown offers a unique product range, their prices tend to be higher compared to other sustainable fashion brands. This may limit their appeal to budgetconscious consumers, particularly in competitivemarkets.

Opportunities: By providing more affordable solutions or launching a largerselectionofgoods,Outerknown hasthechancetoincreasethesizeof their market. Additionally, they might usetheircelebritytiestoexpandtheir audience and raise awareness of theirbusiness.

Threats: As a well-established player in the sustainable fashion market, Outerknown faces the threat of increasedcompetitionfromemerging brands offering similar designs and sustainability credentials. They must continuetoinnovateanddifferentiate themselves to maintain their position inthemarket

COMPETITOR ANALYSIS APRIL 2024 11

Kotn

Kotn is a sustainable design business that focuses on cotton apparel made with ethically sourced materials. To guarantee equitable pay and environmentally friendly agricultural methods, they collaborate closely with Egyptian cotton growers. For both men and women, Kotn has a selectionofcasualandbasicclothing.

Strengths: Kotn is well-known for its ethical sourcing and openness. Customers looking for sustainable wardrobe necessities are drawn to their simplistic designs and emphasis on cotton basics. Additionally, they have a vibrant online community and a strong internetpresence.

Weaknesses: Although Kotn sells high-quality items, their prices could be seen as more expensive than those of well-known fashion labels. They might gain from launching marketing initiatives to draw in more clients or provide moreaffordablesolutions.

Opportunities:Kotncanincreasethe variety of products they sell by adding more styles and categories. In order to expand their consumer base and raise brand awareness, they might also go into joint ventures with influencers or merchants

Threats: Bigger brands with bigger marketing expenditures and resources could pose a greater challenge to Kotn. To stay in the market, they will need to keep setting themselves apart with their dedication to transparent business proceduresandethicalsourcing.

COMPETITOR ANALYSIS APRIL 2024 12

Allbirds

Made from merino wool and eucalyptus fibres, Allbirdsisasustainablefootwearbrandthatiswellknown for its cosy and environmentally responsible shoes. In the process of designing and producing their products, they give priority to innovation and sustainability.

Strengths: Allbirds has a devoted following of customers interested in eco-friendly shoe solutions and a strong brand identification Their dedication to eco-friendliness and cosy designs distinguishes them in the industry. They are also widely distributed, having stores in many of the world'slargestcities.

Weaknesses: Allbirds is well-known for its footwear, but their selection of goods may be smaller than that of their rivals that provide a greater assortment of apparel choices. They might gain from increasing the number of clothes and accessories they provide in their productline.

Opportunities: Allbirds can grow into new productcategoriesandmarketsbyutilisingtheir worldwide reach and established brand reputation. To raise visibility and draw in new clients, they might also spend money on brandingandmarketinginitiatives.

Threats: Allbirds may see a rise in competition from other eco-friendly shoe companies as well as from mainstream shoe manufacturers launching their own eco-friendly collections. To keep their place as a leader in sustainable fashion, they need to keep coming up with new ideasandwaystosetthemselvesapart.

COMPETITOR ANALYSIS APRIL 2024 13

Target Audience

Stay Minimal serves a discriminating clientele of environmentally concerned buyers who place a premium on quality, elegance, and sustainability Peoplewhovalueclassicstyle,ethicalfashionchoices,and minimalistaestheticsaredrawntothebrand.ThetargetmarketforStay Minimal looks for apparel that complements their values and way of life andemphasiseshonesty,openness,andmindfulnessinconsumers.

TARGET AUDIENCE APRIL 2024 14

BrandAnalysis

Stay Minimal distinguishes itself in the sustainable fashion sector by prioritisingminimalismatitscore.KeepMinimalisabrandthatprioritises simplicity and versatility through timeless, minimalist products, in contrast to many other businesses that may provide a vast selection of stylesanddesigns Thisdedicationtominimalismappealstocustomers who want sustainable fashion and subtle elegance in their clothing selections.

BrandValues

Stay Minimal was established with a set of fundamental principles that directitsbusinesspracticesandconnectwithitsintendedmarket.These principlesincludesimplicity,transparency,quality,andsustainability.The company is committed to employing fair labour practices, transparent production techniques, and environmentally friendly products. By following these principles, Stay Minimal hopes to improve the environmentandgaintheconfidenceandtrustofitsclients.

KeyPillars

Minimalism

StayMinimalcelebratessimplicityand embracesaless-is-moreapproachto fashion.

Sustainability

StayMinimaliscommittedtoreducingits environmentalfootprintbyusingecofriendlymaterialsandethicalproduction practices.

Timelessness

StayMinimaldesignstimelesspieces thattranscendtrendsandseasons, ensuringlongevityandversatilityin everygarment.

Quality

StayMinimalprioritisescraftsmanship andattentiontodetail,ensuringthat eachproductmeetshighstandardsof qualityanddurability

BRAND ANALYSIS APRIL 2024 15

Campaign Proposal

StayMinimal'scampaignaimstopromoteitsbrandidentityofsimplicity, sustainability, and timeless elegance to eco-conscious consumers. Through a multi-channel marketing approach, the campaign will highlight Stay Minimal's commitment to minimalist fashion and ethical production practices, encouraging consumers to embrace a more mindfulapproachtotheirwardrobechoices.

Campaign Strategy

"LESS IS MORE, STAY MINIMAL"

WithMinimalistsandEnvironmentallyconsciousconsumersinmind,Stay Minimal is poised to make a significant impact on the sustainable fashionmarket,andthiscampaignwillserveasacatalystforitsgrowth andsuccessinthemonthsahead.

CAMPAIGN PROPOSAL ARPIL 2024 16

CampaignObjectives andStrategies

Stay Minimal's marketing is created with multiple primary goals in mind. First and foremost, it seeks to strengthen the brand's standing in the sustainable fashion industry by raising awareness and visibility. Additionally, Stay Minimal aims to inform customers about its guiding principles, which include minimalism, sustainability,andquality.Additionally,thestrategyisdesignedwiththeintentionof increasing sales conversions by deliberately increasing traffic to Stay Minimal's online store. Furthermore, the brand aims to promote more profound interaction with its intended audience, fostering bonds and gradually building a devoted clientele.

Stay Minimal's campaign strategies are diverse and multifaceted, tailored to acheive its overarching objectives. Through its social media campaign, the brand plans to craft visually captivating and shareable content that showcases its minimalist aesthetic and sustainable practices. Leveraging platforms like Instagram, Facebook, and Pinterest, Stay Minimal will offer glimpses into its products,behind-the-scenesprocesses,andsustainabilityinitiatives Moreover,the brand will actively encourage user-generated content, fostering a sense of community engagement through activities like photo contests and tagging campaigns.

In terms of influencer partnerships, Stay Minimal intends to collaborate with individuals and advocates who resonate with its brand ethos and target demographic.Bypartneringwithinfluencers,thebrand aims to amplify its reach and credibility, leveraging sponsored content such as product reviews, styling tips, and endorsements. Additionally, Stay Minimal plans to host virtual events, including Instagram Live sessions and Q&A panels, where influencers will engage with their followers, champion the brand's values,andpromoteitsproducts.

CAMPAIGN PROPOSAL APRIL 2024 17

Conclusion

The key elements of creating a sustainable minimalist fashion company are identified in this study. A PESTEL study was carried out to examine the brand from a microeconomic perspective. By positioning the company as a pioneer in sustainability and minimalist design, our proposed campaign seeks to increase brand recognition among consumers who care about the environment and boost sales. We hope to carve out a position for ourselves in the competitive world of sustainable fashion and leave a lasting impression on the environment and consumerbasebyadheringtoourcorebeliefsandpillars.

CONCLUSION APRIL 2024 18

Bibliography

Tumba, S. (2022) Council post: How fashion brands can win at Sustainability: Five factors worth considering, Forbes Available at: https://www.forbes.com/sites/forbesbusinesscouncil/2022/05/05/how-fashionbrands-can-win-at-sustainability-five-factors-worth-considering/? sh=5bd978b448e3

Minimalist style for men: The Clean Aesthetic (2023) The Fashionisto. Available at: https://www.thefashionisto.com/minimalist-style-men

Abraham, E. (2024) Minimalist Fashion Guide: Aesthetic & Simplistic style |, In The Blouse. Available at: https://www.intheblouse.com/minimalist-fashion-aestheticstyle-guide

Wong,X.T.(2020)10waystostyleJapaneseclothingtonailthatminimalistMujilook, TheSmartLocal Japan - Travel, Lifestyle, Culture & Language Guide. Available at: https://thesmartlocal.jp/japanese-clothing

Marcus,O.(2023)7minimalistoutfitideasperfectforSummer,StyleCaster.Available at: https://stylecaster.com/lists/minimalist-outfit-ideas-summer/#slide-32 (Accessed:30April2024).

Editor (2024) 14 sustainable clothing brands for the Minimalist in 2023, Sustainably Chic.Availableat:https://www.sustainably-chic.com/blog/15-sustainable-clothingbrands-for-the-minimalist

Leading the revolution in sustainable apparel (no date) Outerknown. Available at: https://www.outerknown.com/

Sustainable Clothing & Home Decor quality, comfort, ethics (no date) Kotn Availableat:https://kotn.com/

The world’s most comfortable shoes (no date) Allbirds UK. Available at: https://www.allbirds.co.uk/?gad_source=1&gclid=CjwKCAjwrcKxBhBMEiwAIVF8rHzJwSUGIIgAZJkGX0WAhL3UzwUjVrGXSr23JWnJG9iwQXOl8OAfhoCVl8QAvD BwE

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MA Fashion Entrepreneurship - Stay Minimal by UOP Fashion Marketing - Issuu