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Answer by Uzaif Ali On 19 March 2020, 16:22:00
Saree business is very profitable and established business in India for every type of vendor but out of India the profit margins varies alot because saree trend is based only in indian fashion and out of India it is neither in trend nor established. When we talk about saree business in India which is its hub obviously you can have a good profit margin but you should know in Indian markets their are various types of seller/vendors and it totally depends on you, who you want to be. Profit margins in Indian saree business are set by the vendor/seller but it ranges from 10% to 150%.
Local market sell: In this type of saree business your target are customers who look for basic quality and basic wear (daily wear sarees) and you will try to have the best possible deal therefore your profit margins vary accordingly. Along with this you can also stock other types of sarees like wedding and party wear in which again as the buying rate increases so does the profit margins.
(salesman skills are of great need in this type of saree business)
Premium showroom sell: In this type of business you sell high-end exclusive products with fixed price tags and your target are premium buyers or customers looking for exclusive wear. This business depends on your investment, location and quality of product and the customer willingness to come over to you I mean customer care. As the investment & buying is high so does the profit margins are, as long as you satisfy your customer you can tag the price you want on your product.
Saree business is a huge market in India, If you are a true businessman you will have huge profits.