How much does production cost?!
How much does production cost?!
This is a question I am asked time and time again by clients. As I’m sure you realise by now, production costs can be difficult to pin down because there are many factors and moving parts involved in the process.
I’ve gone into these in more detail elsewhere, but to summarise: depending on the design and choice of manufacturer, the cost per unit could be anywhere from $10–$40. This means that for a five-piece collection, production could start from around $7,500 (based on a small MOQ of 150 units per style) and increase from there. Detailed designs and comprehensive tech packs are essential in order to obtain accurate costings.
You will need to determine what cost price you can afford by working backwards from the margin you want to achieve and your expected retail price.
The majority of start-ups I work with would say the entire process has set them back at least £15k (GBP). This figure typically includes marketing, admin, financing, web design, and other associated costs. Many brands use crowdfunding to reach this stage.
Below are some of the key factors that affect production costs, listed in no particular order.
Couture Week, a SDS Review
The end of January saw the closing of yet another Couture Week in Paris. So, in this week’s post we are going to put our front row catwalk hats on and review everything we saw in the world of Couture.
Will The Fashion Industry Ever Be Sustainable?
Part 3: An analysis on whether the Fashion Industry will ever become TRUELY sustainable (hopefully in our life time!)
Ways you can spot a TRULY sustainable brand
Part 2: Tips on how to shop more sustainably
This is the second article in our series about sustainability in the fashion industry, from running a sustainable business, to shopping sustainability, and assessing the industry.
How YOU can Become a More Sustainable Fashion Brand
Part 1: Actionable steps to make your fashion brand more sustainable
How much does it REALLY cost to start a fashion brand?
Ok, so you’ve always had the dream of having your own brand.
And now it seems social media is full of influencers, celebs & even your ex colleague starting their own labels, and making a success of it!
But, how much does it really cost?
Read more to find out the minimum investment required to launch your label.
What to Avoid in Your First Year as a Fashion Business
The first year of your fashion business is hard enough, we are here with advice on what to avoid, but most importantly how to thrive…
Staying Trendy and Sustainable for SS23, is it possible?
There is nothing better than re-vamping your wardrobe for the upcoming season. But how can we stay on top of trends whilst still minimising the environmental effect, we have a few ideas for you…
5 Questions to Ask Yourself Before Taking Your Side-Hustle Full Time
Over the last year, with time on their hands, many people decided to start up a small business for extra income, or for something to do while stuck inside.
For some, this has led to the realisation that their side hustle gigs have the potential to be full-fledged careers. This can be an exciting transition, but it also calls for some serious thought. Here’s a look at a few things you should consider before diving in.
Why creative collaboration is the answer in times of chaos
As Covid-19 retains its suffocating grip on our nomadic lifestyles we find ourselves living within the confines of our screens.
Let’s explore how brands and the fashion world are consciously collaborating as a way to find comfort in the darkness.