The Ultimate Guide to Succeeding in Merchandising in India
Do you have dreams of having a successful career in merchandising? If so, then you’ve come to the right place. Here, you’ll find all the information you need on making your career dreams in merchandising come true in India.
Photo by Logistic Hookah on Unsplash
What is Merchandising?
Merchandising is the business of buying, selling, and marketing products. As a merchandiser, you can work independently as a freelancer, or you can work as part of a larger company. Your responsibilities are to choose and buy products, coordinate sale promotions, and maintain relationships with suppliers, customers, and vendors. It’s important to be organized and pay attention to detail, as well as maintaining your knowledge of current market trends.
How to Transition Into a Career in Merchandising in India
Making a successful career transition into merchandising in India can seem daunting. It can require a combination of networking, education, experience, and hard work. Here are some tips to help you get started on this journey:
- Gain experience: Get hands-on experience in the retail industry by working in a sales-related position. This experience can be helpful in building your understanding of the business and making valuable connections.
- Network: Build up your professional network by connecting with experienced merchants and industry insiders. This can give you access to valuable information and resources.
- Educate yourself: Acquire a formal education in merchandising by taking courses at a college or university. Additionally, gain skills in e-commerce and digital marketing as these areas are becoming increasingly important in the field.
- Grow your skills: Take on freelance jobs to build up your portfolio and acquire additional skills. This can help increase your viability as a merchant, as well as give you an understanding of the business from a different perspective.
Challenges You Might Face During the Transition
As with any career transition, there will be obstacles to overcome. Some of the potential challenges you might face during your transition may include:
- Lack of experience: If you don’t have retail experience, then you may have difficulty finding a job in the field. Many employers are looking for people with significant prior experience.
- Lack of connections: Building relationships with merchants and industry insiders can be a challenge, especially if you’re new to the scene.
- Competition: There are many people vying for the same jobs, so you’ll need to stand out from the competition.
- Adapting to trends: Being knowledgeable about current market trends is a must, as the merchandise industry is constantly evolving.
Steps to Succeed in Merchandising in India
Despite the potential challenges you might face, it is possible to make a successful transition into merchandising. Here are some steps you can take to increase your chances of success:
- Create a network of contacts: Connect with experienced merchants and build relationships with professionals in the field. Don’t be afraid to reach out and ask for help.
- Develop your skills: Take courses to build your knowledge and acquire additional skills. Additionally, take on freelance jobs to gain more experience.
- Be organized and proactive: Keep track of your progress and stay on top of current trends. This can help you stay competitive in the industry.
- Be flexible: Be aware of the changing nature of the industry and be prepared to adapt. This can help you stay ahead of the competition.
Salary Insights in INR for Merchandising Professionals
The salary for a merchandiser in India will vary depending on educational qualifications, experience level, and the size of the company. However, the average salary for a merchandiser in India is generally in the range of 6-22 lacs per annum. Salaries in metro cities and larger companies tend to be higher.
Real-Life Examples of Successful Merchandisers in India
Here are some inspiring stories of individuals who have successfully transitioned into merchandising in India:
- Benoy Jacob is a fashion designer and stylist based out of Delhi. He has 17 years of experience in the fashion industry, working with renowned brands like Puma, Biba and Fabindia. He successfully transitioned into the field of merchandising and currently works as a product manager and stylist for a clothing label in the city.
- Priya Sharma is a retail merchandiser from Mumbai. She has 8 years of experience in the industry and has spent the last two years working as a retail analyst for a retail hospitality chain. She made an effective career transition from hospitality to merchandising and currently works in a managerial role.
- Arun Kumar is a merchandiser from Bangalore. He has worked for over 12 years in the industry, starting out as a fabric merchandiser. He worked his way up to become a senior merchandiser, working with some of the largest fashion labels in the city.
Conclusion: The Road to Success as a Merchandiser in India
In conclusion, the process of making a successful career transition into the field of merchandising can be challenging but extremely rewarding. Networking, education, experience, and hard work are all key to success. Additionally, staying organized, proactive, and informed are key to building a successful career in merchandising in India.