One-on-One Financial Projections Workshop, Specific For Your Brand
Getting a clear picture of the necessary investments, and deciding the scope of the launch can be tough. Estimating sample costs, production costs, your margin, potential income, potential profit, and so on in order to create an apparel business budget can be challenging.
That’s why we offer to work one-on-one with your brand to create financial projections and a high-level budget.
We’ll go through pricing strategies that will direct the overall approach to how to price apparel products.
We’ll create a high-level budget for the first year, giving you an indication of the total investment needed for the brand launch.
We’ll help you to estimate how much it will cost to produce a specific product in different quantities, and what your profit margin will be depending on if you sell wholesale or direct to consumer. The purpose of this exercise is to help you plan your collection and to help you make strategic decisions for your business.
We’ll look at the projection for an entire collection. We’ll estimate your sample costs, production cost, your wanted margin, and FOB (cost to make product). We’ll project potential income, and potential profit depending on your target prices, production quantity, and margin.
We’ll give you templates for Costing Sheet, Product Price Matrix, and PRP that you can use after the workshop. These can be used to make more accurate calculations for your specific business. You’ll also have access to the product calculator and the collection calculator to create different scenarios.
We’ll look at different price and margin simulations and project how that will affect your investments in production. We’ll estimate your wholesale price, retail price, and your wanted margin.
The Apparel Business Projections Workshop
The workshop is everything you need to create a high-level budget and financial projection for your brand. The 3-hour workshop will be held live over Zoom and recorded for you to watch again if needed. The total investment of the Apparel Business Projections workshop is $4,000. Paid prior to the workshop.
