The fashion industry has a long and storied history. As such it’s no surprise that it is a hotbed of innovation, particularly when it comes to faffing around with your wallet. To put it mildly, there’s a lot of competition out there. From boutique to multinational, from haute couture to high street, designers have to do their homework in order to succeed. That said, it’s not all bad. In fact, the most rewarding thing about the design industry is that it’s not entirely about slapping together a few prints and sending them out the door.
The most fun and the most rewarding part of it all is that it’s not nearly as expensive as it sounds. That’s good news for everyone involved, from designers and consumers to manufacturers and logistics providers. But, it can also spell doom if you don’t take the right precautions. For example, in the U.S., the average cost of a bespoke suit can be as much as $1,200. This explains why, despite the sexy vibes, only about one in three of us will walk the red carpet on any given night.
What’s more, the fashion industry is a highly regulated industry. There are plenty of laws and regulations to follow, especially when it comes to copyright and trademarks. Even the most discerning of tastes may be tempted to go with the local shop. And if you’re lucky enough to live in one of the coveted cities like New York or London, you’re likely to come face to face with a designer at one point or another in your life.