Luxury Brand

4 Tips For Starting A Successful Luxury Brand (2024)

Pat Walls

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Updated: January 19th, 2023

Want to start your own luxury brand? Here are some tips you should know:

Learn more about starting a luxury brand:

Where to start?

-> How much does it cost to start a luxury brand?
-> Pros and cons of a luxury brand

Need inspiration?

-> Other luxury brand success stories
-> Marketing ideas for a luxury brand
-> Luxury brand names

Other resources

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a luxury brand:

#1: William Forshaw, founder of Maxwell Scott Bags Ltd:

We chatted with with William, founder of Maxwell Scott Bags Ltd ($300K/month). In our interview, William says:

Try to grow your business at a sustainable pace. Rather than growing too quickly, let it grow organically step by step.

Read the full interview ➜

#2: William Forshaw, founder of Maxwell Scott Bags Ltd:

We chatted with with William, founder of Maxwell Scott Bags Ltd ($300K/month). In our interview, William says:

The hardest part of designing any product is working out exactly what the customer wants and needs. You can design a product which you think is amazing and yet, your audience is not as receptive as you thought.

Additionally:

The biggest lesson I have learnt: Trust your own ability and make confident, measured decisions.

Further:

Always listen to others but be confident in making your own decisions. If you are starting a business it has to be in an area that you feel inspired by and so the business is you. If it feels like the right thing to do then have conviction.