Looking for advice on a tailoring busines idea…?

Question by jimquan: Looking for advice on a tailoring busines idea…?
I need you opinion, advice on an online tailoring business…?
I have very little business experience but hope to make up for that with a bit of hard work. I work in the fashion industry, but not the tailoring sector and I am fairly familiar with online marketing techniques so I don’t think that would be much of a problem. However, I need your opinion on my business idea.
I’d like to open a site that sells tailored suits, I’m aware that there are similar sites out there, but I’m hoping there could be room for one more if I had ‘an edge’.
I thought that my edge could be offering a design service with the website, this would be optional but basically the user would say what the purpose of the suit was (business suit, everyday suit, special occasion e.t.c) mention colour preferences or send pictures of suits they’ve seen and liked. Our ‘design team’ would then produce a suit to the measurements that the customer entered online.
I’d also like to offer other clothes that you do not normally seen tailored, anything from polo shirts to selvage denim jeans. A premium product, of course.

I would outsource the suits to a tailor in Hong Kong or perhaps Turkey at market them to the UK.

Do you think this is a concept that could succeed?
How much would I need to set up?
How much do you think suits should be sold for?
How much would I expect to pay the tailor on contract?
How much premium should I charge for designing the suit for them rather then letting them choose the material e.t.c?
Do you have any advice or ideas? Your help is greatly greatly appreciated, would love to hear answers for any of my questions.
As it said in the question, the user would enter their measurements. What I am suggesting as the aspect of my site that would make people choose mine over others is that on all other sites the buyer has to choose fabric, style, e.t.c I believe there could be a market for people who want to choose not to make these decisions, they specify the kind of suit they would like. We design it for them and have it tailored to their size. This would be an optional feature of the site.

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Best answer:

Answer by mangal
Somebody is already doing it successfully at www.mytailor.com You may see it and work your way from there. You may also try if you can be their channel partner.

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