WHAT TO CHARGE FOR YOUR PRODUCTS What is profit margin? how to work it out! Starting a fashion brand

What is profit margin and how to work it out! how to work out what to charge for your products
#profit #margin #fashion

in today's video i am going talk through how to work out profit margin and
What is Profit Margin? how much should you charge for your fashion garments, and how to scale the business to make more profit.

i'm currently in the process of starting my own fashion brand, and i thought it would be a great example to take you through the costs that comes with starting your own band and what you need to take into account when pricing your garments.
in this open discussion i show you how much everything costs from back neck labels, badges, t-shirts, printing and assembly and all the extras for postage and packaging.

if you're new to my channel i'm a fashion designer with over 10 years experience, working for lots of diffrent brands including high end designers and fast fashion retailers, and i am dedicated to helping you become the best fashion designer you can be or break into this wonderful world of fashion design.

⏱ Timestamps:
00:00 - introduction
01:20 - what is profit margin?
01:43 - why is profit margin important?
02:53 - what to include when working out margins
04:13 - dividing your costs by units
07:05 - total cost of producing t-shirts
08:44 - how to work out profit margin
09:40 - how to make more profit
10:40 - don't forget your other business costs
11:38 - final thoughts

if you liked this video talking about margins and how to work them out, then please like and leave a comment

click the link below for profit margin calculator
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📺. if you enjoyed this video, Please watch my previous Videos

starting my own brand
https://youtu.be/7bfxc69VH4A

how to find fashion suppliers
https://youtu.be/9-HcPgG7cqU

10 FASHION JOBS:
https://youtu.be/VT_o3nBv8XI

HOW TO MAKE A FASHION PORTFOLIO:
https://youtu.be/sVl1HsXlV3Y

HOW TO LAYOUT TECH PACKS FOR FASHION:
https://youtu.be/Ce5QwwQs4GI

TOP 5 APPS & BOOK FOR FASHION DESIGNERS:
https://youtu.be/9yFvi12GTe8

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Thanks
Antony Pullin aka so called fashion

Видео WHAT TO CHARGE FOR YOUR PRODUCTS What is profit margin? how to work it out! Starting a fashion brand канала Antony Pullin