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.
In the Member Zone, there are two calculators, the Product Calculator, and the Collection Calculator. The Product Calculator helps you to estimate your Wholesale Price, Retail Price, and your wanted Margin. It also helps you to estimate How Much It Will Cost to produce your wanted quantity, and What Your Profit Will Be depending on if you sell wholesale or direct to consumer.
We have created a video to show how you can easily calculate the garment price. Watch and listen here: