An embroidery business can be profitable within its first year through utilizing strategic marketing and high-quality equipment.
At Melco, we’ve seen the birth of successful entrepreneurs and have even been able to nurture these clients on their paths to success. We’ve witnessed firsthand how rewarding and fulfilling an embroidery startup can be.
Embroidery businesses attract highly creative and versatile people that are ambitious entrepreneurs with an artful approach to designing embroidery products.
It serves as a creative and innovative outlet.
But, of course, there is also profit to be made. In 2015, the thriving commercial embroidery services industry generated $732 million in revenue.
Those aren’t small numbers. This is a niche industry that is continually growing and thriving within the retail economy.
And then there is the freedom. Many people feel trapped in their Monday to Friday, 9-5 routine, just going through the day-to-day motions. The limitless possibilities of a startup provide a form of untapped independence for even the most stagnant employee.
The embroidery industry is also one of the easiest markets to crack. Even just knowing the industry standard for the best equipment can help you turn a profit—quickly. And, it comes with numerous advantages such as the ability to work from home, to be your own boss, and to be creative, and, not to mention, the obvious tax benefits. All it takes is a strong strategy and the ability to use your skills in a creative and challenging way—all the while having fun and making money.
After being in the embroidery industry for over 45 years, we have seen the evolution of growing trends and cutting-edge technology. Because of our ability to adapt, Melco has established itself as a pioneer of technology in the embroidery industry. That’s why we recommend the most respected embroidery machine in the business: EMT16 Modular Commercial Embroidery Machine to help startups have the equipment necessary to turn a profit within their first year.
The Single Head Startup machine is perfect for those just beginning their startup journey. It gives you the foundation to create artful designs, including industry-standard digitizing software. It is also easy to use, and all machines come with a personalized in-person training session to help you waste less time and maximize output!
Check out our Embroidery Business Startup Guide for more advice on how to create a profitable business within your first year!