HOW TO MAKE MONEY IN FASHION: 7 WAYS
MAKE MONEY IN FASHION:Do you want to make a career in fashion but also earn a lot of money? Here’s how to make money in fashion in 7 different ways.
Are your friends constantly seeking your fashion advice? Are you consistently up-to-date with the latest trends?
Whether you have experience in the fashion world or just want to get your foot in the business, there are plenty of ways to make money in fashion.
If you want to learn how to make money with fashion, follow our tips.
Cool ideas for making money from fashion
There exists a multitude of job opportunities within the fashion industry. From designers to textile producers to sales, the fashion industry offers an array of jobs for people with a passion for clothing.
Sustainable fashion is also growing in popularity, and it is expected that this sector will be twice as large as the fast fashion market by 2030.
Here are some interesting ways to learn how to make money in the fashion industry.
1. Become a fashion designer
One of the preferred ways to get into fashion is to become a fashion designer. You can get started by earning a degree in a fashion field, such as fashion design or fashion business.
It is also a good idea to gain experience by doing internships in fashion houses and to build up a portfolio. Fashion designers are responsible for designing the clothing, accessories, and footwear that we don and flaunt.
Not only do they sketch the design, they also choose the fabric and provide instructions on how to make the products.
How much do fashion designers earn?
The median salary for fashion designers is $70,000. The lowest paid creators make around $50,000 per year, while the highest paid earn over 6 figures per year.
Fashion not only requires creativity, but also many technical skills, like sewing, proficiency in Adobe Illustrator, color theory, and more. Enhancing your creative abilities with a diverse range of skills increases the likelihood of achieving success as a fashion designer.
2. Get into fashion photography
If you’re interested in making money in the fashion industry but don’t aspire to become a stylist, you may want to consider pursuing photography. Fashion photography occupies an important place in the fashion world. Actually, this is frequently the way that brands promote their most recent products and designs.
To get into fashion photography, you will need to know the basics of photography, as well as photo editing. Many photographers work as freelancers, but it’s also possible to work in-house for an advertising agency or fashion magazine.
What is the current rate for fashion photography?
The salary of a fashion photographer is very variable. If you’re just starting out and working as a freelancer , you’ll earn a lot less than a famous fashion photographer who works with the biggest models and the biggest brands.
The average salary for fashion photographers is just over €40,000, but some make well over six figures.
3. Working on commission from sales in luxury fashion
One possible approach to acquiring knowledge on how to make money in the fashion industry is to consider working in sales for luxury or retail fashion brands. You can earn a commission on sales by working in luxury or retail fashion.
You will have the opportunity to work with fashion brands and discover the latest trends. It can also be a good stepping stone to other fashion-related careers, such as styling or consulting.
For this position, you will need to have good interpersonal skills and exceptional customer service and sales skills .
What is the potential income from sales commissions?
Many sales jobs are paid by a fixed commission. Some retail stores may offer a lower hourly wage but a higher commission, which incentivizes their salespeople to sell more. On average, the industry pays a 15% commission.
4. Work as a fashion publicist
Another way to learn how to make money from fashion is to get into public relations. Publicists work with fashion brands not only to organize events, but also to work on the overall image of a designer or company.
A good fashion publicist is essential for any fashion brand trying to get consumers to know their work, whether it’s luxury fashion or fast fashion.
The primary role of a fashion publicist is to build relationships with influencers, models, celebrities, fashion editors, and stylists to leverage business and gain media coverage.
What is the average salary of a fashion publicist?
A fashion publicist earns an average of €70,000 per year, with entry-level publicists starting at €30,000 per year. The salary range depends a lot on experience and niche.
A person who has a lot of experience in high fashion and is a senior public relations consultant will earn a lot more than someone who is fresh out of college.
5. Create a blog or YouTube channel
Starting a blog or YouTube channel is another method to acquire knowledge on how to generate income from the fashion industry. It’s possible to create your own channel or blog on any fashion-related subject that interests you.
You can create a lifestyle and fashion blog to help people create fashionable wardrobes, teach others how to create new clothing items from second-hand clothes, become a spokesperson fashion and write comments on the latest fashion, and more.
How much income can you make from Youtube?
Many people make money from their YouTube channel or blog. By blogging, it’s possible to earn money through affiliate marketing or by collaborating with brands for deals.
For YouTube channels, you can also earn money from ads . On average, a YouTube channel receives €18 for every 1,000 ad views. So, if you have 20,000 views per day, you can earn between €10,000 and €17,000 per year with a YouTube channel.
6. Become a fashion consultant
Becoming a fashion consultant is another means of acquiring knowledge on how to make money in the fashion industry. A fashion consultant works with clients to design their wardrobe.
It’s basically about becoming a professional stylist for multiple people or just one client. You can help your customers improve their style and help them choose items for specific occasions.
How much do fashion consultants make?
On average, fashion consultants earn around $26 per hour or $55,000 per year. This salary depends on where and who you work for. If you work for a movie star or famous personality, you will probably earn more.
7. Become a style influencer
Learning how to make money in the fashion industry is achievable by becoming a style influencer. The most important thing you need is a platform, be it TikTok , Instagram , or YouTube. Most influencers are present on almost all social media platforms and even have blogs.
If you don’t have any followers yet, you can use marketing strategies to build some. Find your niche and take well-lit, well-composed photos and videos.
Create useful content for your audience and strive to build an aesthetically pleasing social media grid. Once you build your audience, you can have the power to influence your followers’ buying and wearing decisions.
How much money do influencers make?
How much you earn as an influencer depends on how many followers you have and what type of sponsorship you have.
In general, influencers with between 10,000 and 50,000 followers can earn between €40,000 and €100,000 per year. This revenue often comes from a combination of ad sales, affiliate marketing, and referrals.
It’s possible to learn how to earn money in the fashion industry!
Learning how to make money in fashion isn’t always easy, but it is possible. There are plenty of ways to make money, especially if you get creative with the kinds of skills you can offer.
If many people think that you can only succeed in the fashion world if you have your own brand, this is far from the case. There are numerous opportunities to earn income in the fashion industry, ranging from providing consultation services to marketing your own designs online or pursuing a career in modeling.