Pricing your Product
You’ve designed your fashion line and found a manufacturer, now what?
You need to start selling sister.
At this point, you’re probably asking yourself a number of questions...
✖ How do I price my products?
✖ Is it too expensive? Is it too cheap?
✖ How much profit am I actually going to be making?
✖ Do I sell online only, or do I sell wholesale?
✖ If I want my products to be sold in boutiques.. how do I work out wholesale prices?
There are many factors to take into consideration when costing out your product, calculating your profit or deciding whether or not wholesaling is a feasible option for your business.
And simply making up a number that you think your customers will pay isn’t going to cut it.
Let me be clear. Selling at the right price is crucial.
Your pricing affects you, your brand's accessibility and the longevity of your business.
In our Pricing Your Product Workshop, you will learn how to determine costs for your fashion product in order to make a profit.
We’ll go through:
✔ Cost, Price and Profit - what these all mean
✔ How to calculate your manufacturing + design costs
✔ How to calculate cost price per product
✔ Retail markups - how to calculate the RRP for online + wholesale
✔ Wholesale markups - how to calculate wholesale pricing (+ decipher the wholesale selling process)
✔ Calculating profit per piece.
You’ll also get the Garment Costing template that I use, to ensure you have the confidence to price your products moving forward.
Format - Group workshop
Duration- 3 Hours
Cost- $190