WHAT TO CHARGE FOR YOUR PRODUCTS What is profit margin? how to work it out! Starting a fashion brand

Рет қаралды 885

Күн бұрын

What is profit margin and how to work it out! how to work out what to charge for your products
#profit #margin #fashion
in today's video i am going talk through how to work out profit margin and
What is Profit Margin? how much should you charge for your fashion garments, and how to scale the business to make more profit.
i'm currently in the process of starting my own fashion brand, and i thought it would be a great example to take you through the costs that comes with starting your own band and what you need to take into account when pricing your garments.
in this open discussion i show you how much everything costs from back neck labels, badges, t-shirts, printing and assembly and all the extras for postage and packaging.
if you're new to my channel i'm a fashion designer with over 10 years experience, working for lots of diffrent brands including high end designers and fast fashion retailers, and i am dedicated to helping you become the best fashion designer you can be or break into this wonderful world of fashion design.
⏱ Timestamps:
00:00 - introduction
01:20 - what is profit margin?
01:43 - why is profit margin important?
02:53 - what to include when working out margins
04:13 - dividing your costs by units
07:05 - total cost of producing t-shirts
08:44 - how to work out profit margin
09:40 - how to make more profit
10:40 - don't forget your other business costs
11:38 - final thoughts
if you liked this video talking about margins and how to work them out, then please like and leave a comment
click the link below for profit margin calculator
🛍 www.etsy.com/uk/listing/12398...
✏️ for adobe illustrator use the link below for a free trial
illustrator - cutt.ly/bjfugYE
🎥. My Filming equipment:
Camera - amzn.to/3pSsxrD
Mic - amzn.to/3b9HbXg
Lights - amzn.to/3rVIGOT
mini Tripod - amzn.to/2XcXNFt
large tripod - amzn.to/3q4khoL
ring light - amzn.to/3pSi6Em
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
👋 Some links are affiliate, meaning that if you care to purchase any of the products with the link in the description or comment box, I make a small commission, it does not change the price in any way, however it enables me making more content without having to do as many sponsored videos. I am not paid or asked to use these links.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Instagram / antonyjames_london
Twitter: twitter.:com/SoCalledFashion
Etsy: www.etsy.com/uk/shop/SoCalled...
Blog: socalledfashion.simplesite.co...
Pinterest: www.pinterest.co.uk/Socalledf...
Business enquiries: antonysocalledfashion@gmail.com
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
📺. if you enjoyed this video, Please watch my previous Videos
starting my own brand
• starting a fashion bus...
how to find fashion suppliers
• how to Find fashion su...
10 FASHION JOBS:
• 10 FASHION JOBS: 10 di...
HOW TO MAKE A FASHION PORTFOLIO:
• HOW TO MAKE A FASHION ...
HOW TO LAYOUT TECH PACKS FOR FASHION:
• HOW TO LAYOUT TECH PAC...
TOP 5 APPS & BOOK FOR FASHION DESIGNERS:
• TOP 5 APPS & BOOK FOR ...
Credits
Music: www.bensound.com
sound effects: www.myinstants.com/index/gb/
Thanks
Antony Pullin aka so called fashion