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pricing T-shirts



 
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Old March 19th, 2009 Mar 19, 2009 6:04:15 PM -   #1 (permalink)
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Default pricing T-shirts

Need some hellping in pricing t-shirts. Are there any free software or whatever to help with pricing or sometype of managemant program?


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Old March 22nd, 2009 Mar 22, 2009 11:10:06 AM -   #2 (permalink)
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Default Re: pricing T-shirts

I don't believe there is any software for this.
When pricing you need to look at 2 figures.

What are your costs for the job?
Include all your supplies, your overhead, advertising and labour costs. Make sure you include your labour at a GOOD hourly wage.

What can your local market support?
Research your competition. What are they charging? Is your product better? Can you reasonably ask for more?

Once you have those 2 numbers, make sure the Local Market price is higher than the Job cost. If it's not... go back to the drawing board and find a different print method or supplier or a different target audience.

Once you have a combination that works, price your product near the top of what the market can support. If you feel you can't make a start at the high end of the price range, then make sure you present the lower price as introductory pricing or a grand opening sale. You want the expectation to be there from the start that you will be raising your price so you can move to this pricing once you are confident. Never get locked into low pricing. Always find a Selling Feature other than price.
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Old March 30th, 2009 Mar 30, 2009 12:11:22 AM -   #3 (permalink)
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Default Re: pricing T-shirts

What you should do is this: Add your production cost and t-shirt cost in addition to other factors that help you create A particular shirt. In this t-shirt business, my personal goal is at least a 20% profit margin. Ideally, 30% is perfect. Hell, even 50. The point is, is you should reach for the highest. Here is an example:


Avg cost per shirt $3

Avg cost per shirt to get produced... $5

If you brought $20 worth of ink let say for a run of 10 shirts, factor that cost in as well. (10/20 = 2) $2 per shirt.


So it cost you $10 to make that shirt. To get a minimum of 20% profit, you must sale your shirt at $30. 10 of that 30 would go back into your business/production of new shirts. And the 20 is yours. Off course you may have to pay bills etc...with that money you make. It depends on your overhead. But my main point is too aim for the highest GPM (gross profit margin) as possible. And the hotter your product is with designs and the lower your cost is to produce the shirt, you increase that profit.

Hope I was helpful.
 
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Old March 30th, 2009 Mar 30, 2009 12:42:02 AM -   #4 (permalink)
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Default Re: pricing T-shirts

well first what are you trying to do, are a screen printing shop, clothing brad, etc ?
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Old March 30th, 2009 Mar 30, 2009 4:56:50 PM -   #5 (permalink)
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Default Re: pricing T-shirts

Quote:
Originally Posted by emerikandream
So it cost you $10 to make that shirt. To get a minimum of 20% profit, you must sale your shirt at $30.
Did you mean 200% profit? A shirt costing $10 and you sell for $30 is 200% profit (of course I'm ignoring all other costs that have to be included too.)
 
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Old March 31st, 2009 Mar 31, 2009 6:00:45 AM -   #6 (permalink)
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Default Re: pricing T-shirts

what exactly does a blank t-shirt cost?
 
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Old March 31st, 2009 Mar 31, 2009 7:11:21 AM -   #7 (permalink)
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Default Re: pricing T-shirts

That depends who your supplier is, what quantity you are buying, what style and quality, regular or eco, pickup or shipping, etc.
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