How Setting the right Retail Price Range for Your Fashion Product Impact Your Production and Sales
Setting the right retail price range isn't just about numbers. It's a strategic decision.
Understanding the intricate connection between pricing and production is essential for sustainable growth and success and can significantly impact your fashion brand's production process and sales.
To do it right, you’ll need to balance factors like production costs, brand positioning, target market, competition, and desired profit margins.
In this article, you’ll learn how retail price plays a pivotal role in shaping both the creative and business aspects of fashion brands and get some tips to help you make informed decisions:
How to Weave a Compelling Brand Story for Your Fashion Brand
People don't just buy products; they buy stories, experiences, and emotions.
A well-crafted brand story transcends mere clothing; it creates an emotional connection, resonating with customers on a personal level.
Let’s delve into the art of crafting compelling brand narratives for fashion brands that leave a lasting impact.
What to Expect When Launching The First Season of Your Clothing Brand?
You finished your first production run, the goods are being shipped to you from the factory, and it's time to launch and start selling...
It's your first time doing this, you poured your heart and soul into this, and you have no idea what to expect. What if it will not be recieved well? What if it's too expensive? What if you chose the wrong materials? Fit? Sizes?
That unknown produces lots of anxiety, and your inner voice is having a field day.
If only you had a better idea of what to expect…
What Is The Most Profitable Category In Apparel?
The answer is one of these industry "secrets" that if you are new to the industry, and especially if you do sew or never produced apparel before, you simply wouldn't know it...
Yet once you hear the answer, I bet you'll go, "oh yes, that makes a lot of sense."
In this video, I also share info about the cost of labor and why certain categories are assumed to cost less than others...
How to Guarantee Brand Growth in Today’s Retail? The Commerce Ecosystem.
Retail is going through one of its most disruptive periods with pressures coming from all corners. This disruption provides new opportunities and a window into where you can go next with your fashion brand to transform your business into a retail powerhouse. Now is the time for brands to adapt to a customer-led environment by sharpening their technological capabilities so they can prosper in this new environment.
Do You Know Your Customer?
...Like really know your customer!
Not what you think, wish or hope that they would be like, and not just the high-level details of their age, income level, and location but the specifics of their character, habits, likes and dislikes, priorities, what a day in their life looks like and more as if they were your best friend or a close family member that you know very well.
In fact, when you start a brand (or any business for that matter) the first question you should answer is WHO AM I SELLING TO?
4 Misconceptions About Launching a Fashion Kickstarter
How to Implement Instagram Shoppable Posts
Last month I had a great webinar with MarketTap, if you missed that CLICK HERE to listen to the recording.
During the webinar the topic of shoppable Instagram posts was mentioned as a "Social Media Must Have" in 2018.
During the Q&A session that followed our webinar, a number of the audience’s questions
What Is The Right Price For My Fashion Product?
It's no news that pricing your product right will have a big impact on your sales.
But what is pricing it right means?
This question can be even harder to answer if you are just starting your fashion brand.
There are few ways to determine the right prices of your fashion products even at that stage. It requires some research, but It all comes down to defining your market positioning, your specific target customer and the value of your product for that customer.
5 Powerful Tips to Build Your Fashion Brand With Social Media
Should I Sell My Fashion Product On My Website?
The retail landscape is definitely changing.
Although there are different opinions as to where it's heading, the future is uncertain.
Retailers are struggling, department stores are closing doors or ....just don't pay designers on time.
Small brands are challenged to compete in a saturated market with low margins.
Are we looking at the end of Brick and Mortar?
8 points for a SUCCESSFUL trade show for your fashion brand
I have received some great feedback to my last post on should you or shouldn't you do a trade show as a start-up brand.
I heard from designers who had similar bad experiences to mine, others that are contemplating if they should do a show and others who decided not to do one after they ready my article.
Trade shows, Yes or No?
How to Create A Line sheet That Sells
What Scenario Should You Cost Your Fashion Product For?
As a start-up fashion brand, costing your product for the first time is one of the most challenging parts of your fashion business.
When you source a factory you will have their costs for making both a small run of your product (i.e. 50 units) and a bigger run (i.e. 200+ units). For many designers, the first season is experimental and you might not know exactly how many orders you will get. So the big question is: Should you price your product based on the cost of a small run or the cost of a big run?
What Should be Your Payment Terms?
Today's post is an answer for a designer's question about payment terms.
Janette Hanna asked Boaz:
Hello Boaz, I wanted to learn about a document/contract? for terms when taking orders from boutiques. I would like to show them a document with clear terms, ie pay 50% on order, 50% upon delivery. Are 50/50 terms used? J. Hamill says to charge the their credit card for remainder the day you send the order. Not when they receive the order. Needing clarification.
How Much Does it Cost to Start a Fashion Brand?
3 Ways for Building Awareness to Your Fashion Brand
How to Find A Niche for Your Fashion Brand.
When starting a fashion brand, thoroughly understanding your product, knowing who you’re selling to, and defining your USP (Unique Selling Proposition) are vital for the success of the brand. It sounds pretty obvious, right? Apparently not all businesses follow that.
Niche business - a business targeting to a specific group of customers with a specific common shared interest, passion, or desire.
Many new fashion brands don’t take the time to define their niche and end up spending their money and affords on the wrong targets. Starting a brand of dresses with interesting designs or with the