It's a touchy subject, so I'm not sure how many answers you'll get (doesn't hurt to try though). It's come up a couple of times before, and I think there was a little bit of info posted to this thread.
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No need to learn who is making what to answer your question.urbandubz said:
To venture off into starting your own full time business selling DRY GOODS like t-shirts, you need to aim your sales projection at 100K for the year. Be it online, street retail or all types of retail sales combined.
100K gross sales revenue mark is a safe $$$ number to earn a living selling shirts. Sure you may not hit this number in the first year but still you need to aim at 100K in order to stay in business and earn a living.
Sorry to say but this is the Reality of a full time retail t-shirt buisness.
So, a lot of others do it and its not that complicated really. One just needs to learn how to sell X amount of t-shirts to meet your daily sales quota. I find simple things like Add-on Sales can increase your sales revenue by a lot.
Your Sales Projection is the Keystone from which one needs to plan from in order to realize your goal.
hope this helps some.
Yes, there are lots of people doing this (and there are lots of people that aren't)
Re:How many customers projected for first year of business?
Hello,
I know the question of sales forecasting has been asked a thousand different ways. Although I recognize the hesitance to answer specifics about sales revenue; my question is a little different. I am enrolled in a program whereby the end product is expected to be a comprehensive business plan for an on-line T Shirt business. Notice, I said "expected to be".
Without certain information, I will never get out of this program. The instructor is insisting that I project the number of customers & repeat customers for the 1st two years. I have been able to provide "industry" statistics and have explained that most T Shirt businesses are hesitant to share revenues information. I agree with [email protected] T-Bot re to aiming towards 100K+ annually: that seems to be the only way to etch out a living. Although my 2-3 yr forecast aims at that - without further support (hopefully from this forum) the instructor will refuse to accept that as reasonable. The resolution is that, I do not have to prove my revenue projections if I can gather supportive information re number of customers the average site has. I hope this information does not seem intrusive, I mean no disrespect. Bear in mind, I am not asking how you get your customers just an understanding of how many an average T Shirt shop has.
Thanks for any help offered
Hello,
I know the question of sales forecasting has been asked a thousand different ways. Although I recognize the hesitance to answer specifics about sales revenue; my question is a little different. I am enrolled in a program whereby the end product is expected to be a comprehensive business plan for an on-line T Shirt business. Notice, I said "expected to be"
. Without certain information, I will never get out of this program. The instructor is insisting that I project the number of customers & repeat customers for the 1st two years. I have been able to provide "industry" statistics and have explained that most T Shirt businesses are hesitant to share revenues information. I agree with [email protected] T-Bot re to aiming towards 100K+ annually: that seems to be the only way to etch out a living. Although my 2-3 yr forecast aims at that - without further support (hopefully from this forum) the instructor will refuse to accept that as reasonable. The resolution is that, I do not have to prove my revenue projections if I can gather supportive information re number of customers the average site has. I hope this information does not seem intrusive, I mean no disrespect. Bear in mind, I am not asking how you get your customers just an understanding of how many an average T Shirt shop has.
Thanks for any help offered
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