Women handbags are no longer mere fashion accessories. These days, they are the darlings of expressions. According to the 2020 Wealth Report from Knight Frank, the value of handbags rose by 13% last year, the most of any collectible asset class. That was also slightly better than the 12% the FTSE 100 managed for 2019. The online women handbag design software offers you the opportunity to entice your audience, where they could flaunt their fashion sense.
Factors Determining Installation of Online Women Handbag Design Software
This was the first year that collectible handbags were included in the Knight Frank Luxury Index. Data provided by London-based Art Market Research (AMR), focused explicitly on collectible bags made by Hermes. The index revealed that prices have more than doubled in value over ten years, growing by 108 percent.
Let’s understand some of the factors that resulted in outpouring welcome of the custom-made handbag:
1. Rising Value
According to a British auction house, Christie’s, the luxury handbag industry has remained robust despite global economic headwinds in recent years, experiencing continued growth with demand at an all-time high. The rise in value is also a result of brands increasing their prices every year, culminating in an increase in value in the pre-loved market.
According to Winsy Tsang, Head of Sale, Handbags & Accessories, at Christie’s Asia Pacific, “This is more apparent for rare and one-of-a-kind pieces as buyers are now seeing certain luxury handbags as long-term collectables with sentimental value, rather than everyday accessories or exclusive social status ‘arm candy’.”
2. Valuable Brands
As Tsang rightly added, “Top quality handbags with excellent craftsmanship, one-of-a-kind, custom-made, rare and exceptional, limited pieces are all considered collectables with great values.” Many leading labels in the accessories department are honing these skills that can help them to stay relevant in the market. The basic idea they follow to keep their products valuable is the rarer is the availability of the product, the more expensive it becomes for the customers.
Maison de Mode, along with Amanda Hearst—and celebrated their longtime friend, the Colombian designer Silvia Tcherassi for the launch of her sustainable “Totumo” handbag on the platform. The new custom-made bag line comes with a hope to bring awareness of sustainability in fashion.
3. Personalized Services
Mini bags, purses, clutches, sling bags, and many more are the sub-categories of the women’s bag world. When ladies get a chance to order their customized product or select a style that defines them is a guaranteed success path for the brands. The advancement of technology has brought everyone at a crossroads where a slight mistake can cost a fortune.
4. Revenue Generator
The change in time leads to changes in customer’s needs, and the marketers that don’t keep pace with it are more likely to vanish from the fashion industry quickly. These days customization is in, and the online women handbag design software caters to these changing demands of the customers. Here, the brands don’t have the headache to come up with something new, let the audience decide what they want. This revenue-based model sells customized handbags with different costs, based on resources, quality of the product, design. This also reduces man capital, which was earlier to be bored by the company. Apart from the regular channels of revenue generation, website owners can also opt for other avenues for revenue.
5. Personal Touch
As the customized bag website get hit by high traffic, it is always good to get a personal touch. When the visitor gets to engage with the interface component of the sites, they feel they are being heard and can take suggestions from it. Taking ideas from a fashion expert will give them more scope to experiment with the bag’s style and also freedom and confidence to share it with the rest of the world. This way, you are promoting your brand as well as seeking potential customers. After the customer has purchased a bag, you can always offer her to subscribe to your website.
Let your customers express themselves. The online handbag design software by iDesigniBuy offers an advanced solution that will help you to make a unique place in the market. The tool is well equipped with features that can take your business to great heights.
Collaborate with us today.