Finding a product niche will dramatically increase your chances of launching a profitable product time and time again, that will sell itself based on its demand and competitive advantage.
Who wouldn’t want to know what the 6 methods are?! …
7 ways to ensure your profitability … who wouldn’t want to read this!?
Applicable for both launched brands and startups.
As a fashion start-up, you need to be able to translate a garment costing sheet, to understand if you’re getting a fair price for your product.
In this short vlog, I will break down a costing sheet, teaching you exactly what you need to look out for, along with teaching you how to know if you’re getting a fair price by showing you how to calculate your landed margin.
You need to make sure your products are accurately priced for their worth, to their perceived value as well as to your profit needs.
In this vlog, I will walk you through the steps you need to take to ensure you are not only profitable via your pricing strategy but also competitive therefore appealing to your customer base globally.
Good communication is paramount to the success of your production, therefore the success of your sell-thru and sales. So it is essential that to build a strong relationship with your suppliers from day 1 and a fundamental part of that will be effective communication.
Fashion wholesale offers the smallest profit margin out of all the sales channels, that being DTC and marketplace, however what profit you do achieve is yours (ie sale no return) Therefore it is even more important that you learn how to be profitable from the offset.
Read on to learn how …
Understand what a good fashion wholesale deal looks like in 2021, by learning about wholesale terms and what they mean to your wholesale negotiation.
Do you have a product idea but you’re not sure how to translate it onto paper? And want to know what steps you need to take to start designing your 1st collection? Then this post is for you …
If you’re looking at wholesaling your fashion brand you will have no doubt been told to follow mark-up (MU) 2 -3. So what does that actually mean? And will you make a profit if you follow this ‘rule’?
Continue reading to learn how you should price your wholesale range.