Scrnprntmom

Quote: Originally Posted by binki I wouldn't even consider fair on both sides. Business 101 Lesson 1: Charge the highest possible price for your product. Business 101 Lesson 2: Set your price just low enough to keep your competition out. Given that, you should look at your cost and figure a profit margin that you want. Typical raw markups are anywhere from 2 times to 5 times raw cost. If your designer is charging you $100 then you would charge between $200 and $500. However, a bigger point is what is the value of your product? Is it $1000 or is it $50? One more thing to consider is to share risk. You do this by taking a % of actual retail sales. So on every shirt they sell for $30 you get 50c or $1 or something like that. By doing this you limit your downside (cost of your product to you) but you have unlimited upside.

Good Point! We're providing the design ourselves, so that helps a bit. I don't know what my competition would be for this type of venture...will have to research it a bit more.

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Meg www.promopresto.com

 

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