There is a global recession, household income has dwindled and that means a less disposable income for luxury goods. This is having a major impact on the fashion industry. Therefore you may want to become an accessory designer to make money in fashion in the current economy if you are already in the industry.
Why should you become an accessory designer to make money in fashion?
According to an excerpt from Fashionista,
Want to make it in the fashion design business and actually profit? Well then, you better start brushing up on your accessory design skills, because, according to The New York Times, that’s where all the money is.
A decade ago, accessories design was considered the little sister of sorts of traditional fashion design: Less important and less glamorous. The thinking was, if you didn’t make it as a fashion designer, you could start designing accessories. But thanks to a shaky economy, the tables have turned. In a sense it’s not surprising: Obviously the first place people begin to cut back in a recession is with discretionary purchases, like designer clothing. Now that the economy is improving, however, women who do have the money are more likely to spend it on a pair of $1000 shoes they can wear all the time rather than an $8000 dress they’ll wear once.
Tips on how to become an accessory designer:
- Read books on fashion design or fashion accessory design, Amazon is a good place to buy some.
- Be inspired by famous designers by reading their books or autobiography; so that you can follow their footsteps and go even beyond them.
- Get a formal education in fashion accessory design
Here are some recommendations from Amazon:
Become an Accessory Designer to Make Money in Fashion
Here are some reasons why you should consider becoming an accessory designer:
We knew women’s fashion had taken a hit–a big one–during the recession, but turns out the situation is worse than we thought. “Women’s fashion, for the last 18 months, has been running negative numbers,” Marshal Cohen, chief retail analyst at NPD Group told the paper. Meaning, basically, that women’s fashion, as a whole, is losing money. So just how are all these designer labels keeping afloat? Accessories. Just ask Michael Kors, whose company spokesperson told the paper that accessories and related merchandise accounted for 75 percent of total revenue in 2012. Blimey…
Add these to your collections:
- Cervo – Turnlock Leather Satchel
- Suede Peep-Toe Pump
- Gold Metallic Leather Platform Evening Shoes
- Antica Murrina Lapilli – Long Murano Glass Necklace
SEE ALSO – great collections by famous designers below:
So, basically, we’re looking at a future with more shoes–and less dresses. Click here to read more from Fashionista
If you are thinking of a career in fashion accessory design, or about diversification, perhaps now is the time to start. People will always buy accessories.
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