After graduating from university, my cousin was looking for ways to supplement her income while she hunted for a job. She started out arranging flowers and organising children’s birthday parties for her acquaintances – and her friends loved it. Soon, it blossomed into an event planning business and a floral boutique that catered exclusively to children's parties and small events.
But when business was slow, especially around Ramadan and in the summer, she had to think of another service to keep the cash flowing. With piles of furniture and props at home, she started to offer a furniture rental service.
My cousin uploaded professional photographs of her stock on to her website and started a dedicated Instagram page for rentals. She also used Instagram advertisements and promoted her page to a targeted audience. The business was immensely successful and sales soared. Most of her profit now came from renting furniture as opposed to organising events. As her business expanded, she leased a space to store her growing collection of furniture.
Just like my cousin, an online presence, especially on Instagram, has helped numerous young fashion designers from around the region to grow their businesses at a lower cost. Instagram-targeted advertisements have also helped them reach new audiences. E-commerce platforms, such as the UAE-based Ounass, are also helping to put regional designers on the fashion map.
But one UAE-based e-commerce venture is taking it a step further by equipping new and established fashion businesses with everything a fashion start-up would need.
Founded in 2018, Boksha’s website and mobile app features more than 800 boutiques and 15,000 products, including abayas, kaftans, dresses and accessories. Think of it as Netflix for regional fashion designers. Ninety per cent of the designers showcased on the platform are UAE-based female designers between the ages of 18 to 35.
But what sets Boksha apart from other e-commerce fashion websites is its 360-degree service offerings: it provides designers with everything from customer service to photoshoots of their products, deliveries and even access to events.
Customers also benefit by having access to hundreds of designers and thousands of products in the one place and do not have to worry about the hassle of contacting individual designers.
Photoshoots, building a website and investing in customer service can prove expensive for new designers. But the rise of e-commerce platforms like Boksha can help to reduce the stress and costs they face during the early stages of their entrepreneurial journey.
Over the past 11 years, it has been easier for designers to establish a fashion business compared with the past, when a higher investment was required to start a company. This deterred many from pursuing their dreams.
Here are a few pointers fashion designers should keep in mind to achieve growth online:
Set up your digital presence. The first place potential customers will search for you is most likely to be on social media. Platforms like Instagram can help you to set up your Instagram shop. Ensure that your page includes high-quality images of your products, product details, your address and the best way(s) your customer can reach you.
Familiarise yourself with digital advertisements. You can boost your page with as little as $5 a day with a targeted post. Over the years, a small investment in advertising has helped my clients reach a wider audience.
Last but not least, approach e-commerce platforms to feature your work.
E-commerce penetration in the fashion industry is expected to reach 50 per cent by this year’s end, according to Statista. It has never been easier for regional fashion designers to establish their digital presence – and success can be just one click away.
Manar Al Hinai is an award-winning Emirati journalist and entrepreneur who manages her marketing and communications company in Abu Dhabi.
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
If you go
The flights
There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.
The trip
Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.
The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
Zayed Sustainability Prize
The specs: 2019 GMC Yukon Denali
Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm
Fuel economy, combined: 12.9L / 100km
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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Turkish Ladies
Various artists, Sony Music Turkey
THE SPECS
Engine: 4.4-litre V8
Transmission: Automatic
Power: 530bhp
Torque: 750Nm
Price: Dh535,000
On sale: Now