Has anyone made significant money in the T-shirt selling biz?
Hope that's not too personal a question!
My friends and I are looking into selling t-shirts w/a distinctive phrase with some creative marketing.
Ideally (of course!) we'd like to make a lot of money!! (dreams of homes in the South of France, etc.!)
Just wondered if anyone had had great success w/their biz? (inspiration would be great!) Or, if they knew of anyone who had achieved noteworthy success?
Re: Has anyone made significant money in the T-shirt selling biz?
Depends.
We make darn good money. We are printers not pre-print or line sellers. When the presses are running we make a very good amount of money.
That said, you can make a lot or a little. It's up to you. If you have a good business plan and are willing to put in 200% effort.
I have friends that run shops doing 7 figures a year and I have friends only doing 5 figures. It's all what you put into it.
One point I will make. Most shops or people fail in this business. They do so because the do not have clear goals and are not willing to ride out the early bumps. You need to be willing to work hard and have a sound business plan. Write you business plan and set some goals and then go after it. The earning potential is only limited by you.
Re: Has anyone made significant money in the T-shirt selling biz?
Thanks for that input!!
I wonder (of course!) now what differentiates those who've earned 7 figures from those who've earned lesser amounts?
We would be doing the design, marketing and mailing of the shirts (& possible other accountraments) but have them made/printed by another party. We're focusing on the catchy phrase we've come up with.
Re: Has anyone made significant money in the T-shirt selling biz?
[quote=Jolynne Smyth]I wonder (of course!) now what differentiates those who've earned 7 figures from those who've earned lesser amounts? [quote]
Same as in any business venture... luck, timing, money, business model, product, marketing, PR, operations, financial responsibility, hard work, commitment, knowledge, etc.
__________________
Ravel on,
CoolHandLuke - TeeRAVEL
Re: Has anyone made significant money in the T-shirt selling biz?
About 8 months ago I knew nothing about the t-shirt business. All I had was a concept for my unique WOAT. After 6 months I am only in the 4 figure range but I get great feedback from customers, which is very satisfying. I am doing this part-time and have only used free advertising so far. I really believe this can work but it will just take time, effort and experience.
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Anyone wanna buy some t-shirts???
Re: Has anyone made significant money in the T-shirt selling biz?
[quote=CoolHandLuke][quote=Jolynne Smyth]I wonder (of course!) now what differentiates those who've earned 7 figures from those who've earned lesser amounts?
Quote:
Same as in any business venture... luck, timing, money, business model, product, marketing, PR, operations, financial responsibility, hard work, commitment, knowledge, etc.
I will aggree with all but luck. Yes you could be lucky and be in the right place at the right time but for the most part luck has nothing to do with it.
To your list I would add. The total underlying desire to succeed. Willingness to take risk and never giving up. You eat sleep and breath business.
Re: Has anyone made significant money in the T-shirt selling biz?
Quote:
Originally Posted by SpacemanFL
About 8 months ago I knew nothing about the t-shirt business. All I had was a concept for my unique WOAT. After 6 months I am only in the 4 figure range but I get great feedback from customers, which is very satisfying. I am doing this part-time and have only used free advertising so far. I really believe this can work but it will just take time, effort and experience.
There are so many aspects of this business. If you selling shirts on line then you need to advertise your site and really push it. If you are in the end of the business I am, advertizing has nothing to do with it. In fact we don't advertize. All our business comes from word of mouth. We are good at what we do and the world is finding out about us. News of a good printer travels fast.
Re: Has anyone made significant money in the T-shirt selling biz?
Quote:
Originally Posted by Jolynne Smyth
Thanks for that input!!
I wonder (of course!) now what differentiates those who've earned 7 figures from those who've earned lesser amounts?
Focused goals and a solid business plan. They never waver from the end result. They took risk by investing in expensive equipment when the time was right and then made it pay off.
Just stop and think a minute. With a good product/service and the right equipment and know how. You can pull in some serious cash flow. Say I have a manual press and just a flash to cure. My production rate may only be bringing in $20.00 per hour. Now I add a conveyor dryer and my production rate can go up to $100.00 an hour easy. Now I have drummed up enough customers and biz to deside to make the plunge and buy a $60,000.00 automatic press. Sounds scarry hu? But if I can bring in enough work to keep that press running, I can be looking a $1,000.00 to $3,000.00 per hour coming in. Does not take long to pay the thing off but then again there is the risk involved if I cannot keep it running jobs. Some of these guys I know have several of these presses and more. Their cash flow (not net profit) can be as much as $10,000.00 per hour. If the company is netting 33% profit after expenses, thats $3,300.oo per hour profit. Thats not what you get but what the company makes. Your company should be paying you a wage out of the gross, not the net.
Re: Has anyone made significant money in the T-shirt selling biz?
[quote=Preston][quote=CoolHandLuke][color=black]
Quote:
Originally Posted by Jolynne Smyth
I wonder (of course!) now what differentiates those who've earned 7 figures from those who've earned lesser amounts?
I will aggree with all but luck. Yes you could be lucky and be in the right place at the right time but for the most part luck has nothing to do with it.
To your list I would add. The total underlying desire to succeed. Willingness to take risk and never giving up. You eat sleep and breath business.
Luck has everything to do with it my friend. It's just that some people create their own luck.
__________________
Ravel on,
CoolHandLuke - TeeRAVEL
Re: Has anyone made significant money in the T-shirt selling biz?
Quote:
Originally Posted by Preston
There are so many aspects of this business. If you selling shirts on line then you need to advertise your site and really push it. If you are in the end of the business I am, advertizing has nothing to do with it. In fact we don't advertize. All our business comes from word of mouth. We are good at what we do and the world is finding out about us. News of a good printer travels fast.
Well… I’m on both ends and to say advertising has nothing to do with generating business would be a little irresponsible, at best. The fact that you’re doing great without advertising is great! I can only imagine what you’re leaving on the table?
However, I don’t by your advertising philosophy for a second, because if that was the case, you wouldn’t have a website, and you surely wouldn’t put your logo on your posts. Isn’t that advertising?
__________________
Ravel on,
CoolHandLuke - TeeRAVEL
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Has anyone made significant money in the T-shirt selling biz? 
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Re: Has anyone made significant money in the T-shirt selling biz? 
Re: Has anyone made significant money in the T-shirt selling biz? 
Re: Has anyone made significant money in the T-shirt selling biz? 
Re: Has anyone made significant money in the T-shirt selling biz? 
