Apparel Entrepreneurship How To Calculate Your Product Price
Pricing

HOW TO CALCULATE YOUR PRODUCT PRICE

Your product price is directly related to your market position, your target customer, and your profits. The price should fit in your product range strategy and allow the margin you desire. To create a proper collection plan and to be able to make strategic decisions for your business, you need to calculate your product price early on in your product development cycle We have created a video to show how you can easily calculate the garment price.

Sportswear Inc. Garment Costing Example
Money

GARMENT COSTING EXAMPLE

If you are all new to the apparel industry, you may wonder how much it costs to make a garment? We are now going to look at the product development costs. Here is a typical example of the costs involved in making a hoodie.

Sportswear Inc. Garment Price
Premium

THE GARMENT PRICE

You know which garments your collection is based on, you know the price for fabrics, trims, and production including prototypes. With this new information that you didn’t possess when you started out, you can remake a more accurate budget. When making the business plan you thought of the price level you wanted to place your clothing brand at. So let’s see if that is realistic.

Sportswear Inc. Costing Sheet
Pricing

COSTING SHEET TEMPLATE

As an apparel entrepreneur you need to be on top of your financials and already from the start keep track of your costs. For you to get the overall economic picture of your business you need to know the cost of producing each garment. To help you keep track of all costs associated with producing each style you use a costing sheet.

Sportswear Inc. Product Range Pricing & Planning
Define The Collection

PRODUCT RANGE PLANNING & PRICING

Building a collection requires a fine balancing act between designing products that incorporate your values as a company and brand, and actually producing garments that sell.

Sportswear Pricing Strategies
Money

APPAREL PRICING STRATEGIES

One of the most common questions we receive is: How should I price my products? Here we’ll go over three different strategies for pricing your sportswear.

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