Don’t fall into the “but I just do that part when I’m watching TV”. And remember, when you’re brand new, sometimes part of your costing means valuing your time. I know I used to cheat a little on this when I first started – probably because I didn’t really want to know the true costs. You’ll want to be honest about exactly what each item in your collection costs to produce so you can price things correctly.
Sometimes they “want to give people a good deal”, wonder “who would pay that for what I make”, or they just don’t understand what kind of margins you need to be profitable. Many designers under price their products when they first start out. If you cannot float the cash to produce the orders, you’ll be scrambling.Įmerging Designer Mistake #3: Pricing Strategy You’ll pay to produce everything up front and not see a dime returned to you until you start shipping in August. You need to come up with approximately $12,500 to produce these orders and you need it now so you can order fabrics, get your final patterns made, get them graded, pay your sewing contractors, etc. The average order is $1,500 which is $27,000 in wholesale sales. In April, you get 18 orders for your Fall line which you plan to ship in August. It’s worth investing in good information because you don’t want to find yourself surprised and cash poor.Īlso, If you plan to sell your line wholesale, consider this scenario… The best advice I can give you for this is to consult with a professional who can tell you what to expect.
I was only 25 when I launched my line and there was so much I didn’t know. Launching a clothing or accessories line can be scary.
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