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[CLOTHING LINE] Holding Out or Selling Out



 
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Old September 29th, 2009 Sep 29, 2009 5:42:00 AM -   #1 (permalink)
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Default Holding Out or Selling Out

Hi All,

I wanted to get some opinions and see what people think. I am currently about to launch my new tshirt line which is part of my company Studio Six Five. I have done years of research, read tons of forums, as well as startup stories of similar successful giants I wish to emulate. But, I have one question that is debatable between my inner circle. Should I hold out and keep control over the entire sales or should I sell out to big retailers. One of the most important things to me would be keeping my brand around for a long time. I dont want to get really big and die out just as fast as I started. What do you guys think.
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Old September 29th, 2009 Sep 29, 2009 8:42:46 AM -   #2 (permalink)
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Default Re: Holding Out or Selling Out

Are you doing this as a way to support yourself and your family, or are you doing it for some other reason. If it is reason #1, sell out.

If you get really big, it doesn’t necessarily mean you have to die out, not if you keep creative and come up with fresh new and innovative product.

If your brand does die out just because it gets big, then start a new brand and do it over again!
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Old September 29th, 2009 Sep 29, 2009 10:35:09 AM -   #3 (permalink)
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Default Re: Holding Out or Selling Out

If you're talking about selling product to big retailers, fine and good luck. If you're talking about "selling out" by selling them the rights to your line and for them to control it, big retailers couldn't give a rat's behind about what you have until it's known.

Or, if it is so super unique only they can have it but if you've done research you know in order to build brand awareness takes big bucks and time....so until it's known, figure you have a lot of hard work ahead.....especially in the tee shirt industry.....lots of competition out there.

Good luck.
 
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Old September 29th, 2009 Sep 29, 2009 8:59:04 PM -   #4 (permalink)
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Default Re: Holding Out or Selling Out

Why do you think these big retailers will even care about you?

There is a thing called fear of failure. Where you fear not getting into these big retailers so you don't even try.
 
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Old September 29th, 2009 Sep 29, 2009 11:28:16 PM -   #5 (permalink)
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Default Re: Holding Out or Selling Out

Smitty is absolutely correct!

Start out wholesaling to boutiques and move your way up.

Believe me, selling to retailers is not all that it's cracked up to be. They have the authority to cancel any order they wish or charge back something to you if it does not fly off their shelves. Not to mention the annoying compliances that you have to adhere to when packaging and shipping garments.

Take time and incubate your master plan/brand and keep the sales to yourself.

While the economy is in a lull, it's your time to shine if you have the capital to do so. There's a phrase in the fashion industry that implies this: "Be fearful when others are greedy, and be greedy when others are fearful".

 
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Old September 30th, 2009 Sep 30, 2009 12:13:47 AM -   #6 (permalink)
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Default Re: Holding Out or Selling Out

Usually when you're starting out, it is very unlikely you will find any retailer willing to stock your products. You're thinking too far ahead,just start by selling your products and when you are confronted with the problem then only should you be thinking about it.
 
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Old September 30th, 2009 Sep 30, 2009 12:14:38 AM -   #7 (permalink)
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Default Re: Holding Out or Selling Out

Quote:
Originally Posted by SaphiraDesign
Smitty is absolutely correct!

Start out wholesaling to boutiques and move your way up.

Believe me, selling to retailers is not all that it's cracked up to be. They have the authority to cancel any order they wish or charge back something to you if it does not fly off their shelves. Not to mention the annoying compliances that you have to adhere to when packaging and shipping garments.

Take time and incubate your master plan/brand and keep the sales to yourself.

While the economy is in a lull, it's your time to shine if you have the capital to do so. There's a phrase in the fashion industry that implies this: "Be fearful when others are greedy, and be greedy when others are fearful".

So true. I worked for a company a couple years back, we were shipping out 20 pallets to Macy's retail store one day, the delivery made it to Macy's 20 minutes late. They canceled the order!!! Yep, they do it all the time. And if you don't place the hangtag in it's correct precise location, they will return it.

Such a pain to work with large retailers. They'd probably steal your idea first before they buy from you anyway.
 
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Old September 30th, 2009 Sep 30, 2009 5:35:35 AM -   #8 (permalink)
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Default Re: Holding Out or Selling Out

Quote:
Originally Posted by SaphiraDesign
Smitty is absolutely correct!

Start out wholesaling to boutiques and move your way up.

Believe me, selling to retailers is not all that it's cracked up to be. They have the authority to cancel any order they wish or charge back something to you if it does not fly off their shelves. Not to mention the annoying compliances that you have to adhere to when packaging and shipping garments.

Take time and incubate your master plan/brand and keep the sales to yourself.

While the economy is in a lull, it's your time to shine if you have the capital to do so. There's a phrase in the fashion industry that implies this: "Be fearful when others are greedy, and be greedy when others are fearful".


This is great. All your help and advice thus far has really helped me make some major decisions. With the shirts on their way and the start of a new era coming within a week there is so much to prepare for. After reading and realizign the terrible misfortune in dealing with large retailers it is now easy for me to say that I will control the ball in the court and make sure my brand succeddes even ten fold now.

Thanks guys for all your advice!
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