You’re pricing your collection so that you can actually make money; the cost of production is really damn high. So you double it, or maybe even more than double it, and slap on that retail price. But the sales are not exactly pouring in.
You’re doing things backwards.
You have to start with what the market will accept. In reality, your customer sets your prices, not your manufacturers and suppliers.
It’s important to figure out exactly how much your product costs to produce, from buttons to labor, if you’re going to successfully build a fashion business.
This is your template for creating cost sheets in your business. Pricing your products may seem intimidating but this template will make it a breeze.
This tool kit includes:
5 Must Know Facts for Costing Your Product
A detailed template for determining the total cost to create a piece, as well as the retail mark up
All mathematical equations have been pre-entered for you