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What Does it Cost to Build an Apparel Line?
Manage episode 407382090 series 3560517
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What Does it Cost to Build an Apparel Line?
In this episode, Rachel delves into the nitty gritty of launching a custom apparel line. Inspired by last week’s episode with Kelly Roach, we touch on initial funding, gauged customer preferences with merchandising methods like drop shipping, and learned the importance of unique designs. We then dive deep into the realities of the fashion industry, offering a behind-the-scenes look at the steps involved in creating a clothing line, and the strategic planning needed for budgeting and development. You'll come away with a newfound understanding of the costs, from material sourcing to pricing garments for profitability.
Build a solid foundation for your fashion venture by learning the advantages of hourly rates and monthly retainers in apparel development. In this episode, Rachel shares how tapping into the wisdom of industry veterans can change the trajectory of your apparel project. We also discuss the necessity of tech packs and professional guidance when working with manufacturers. With these insights, you're equipped to make informed decisions about hiring the right talent, structuring payment, and allocating your budget for maximum impact on your apparel line.
In this episode, you’ll hear:
-How merchandising is a great way to gauge what your customer wants before diving into creating a custom line.
-The importance of hiring people on your team who have experience and truly know what they’re doing.
-The realities of what costs you will be looking at and the time you should plan to invest in building an apparel line.
-Monthly retainer vs. Hourly costs + real costs associated with each step of the development process.
-How profit can be used correctly to help push your brand forward.
We can’t wait to hear what you think of this episode!
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