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<blockquote data-quote="trinityroyal" data-source="post: 497633" data-attributes="member: 3907"><p>Lisa, that outfit is just stunning.</p><p></p><p>Now, putting my "business hat" on for a moment, I have a few thoughts:</p><p></p><p>1) Prices </p><p>For that outfit, you could charge at least $24.99 + tax ($29.99 in some markets). You might want to come up with a rough guide to your prices, for example: 2-easy child outfit = $19.99, 2-easy child with booties = $24.99, 4-easy child outfit = $34.99, etc. People will pay quite a lot for beautifully made doll clothes.</p><p>You can also make small items to sell stand-alone, such as hats or booties for $7.99 each.</p><p>When you're setting prices, make sure that you factor in the cost of your materials. You don't want to run at a loss or just break even.</p><p>(I've suggested that all the prices be $N.99, because for some reason that appeals to people more than round numbers. I'm not sure of the psychology behind it, but many marketing studies have shown this)</p><p></p><p>2) Inventory</p><p>I would stay away from custom orders initially, and instead focus on building up a stock of standard outfits. Come up with 2 or 3 patterns and make multiple sets of each one in a variety of colours. Once you see how well those outfits sell, then you can expand the line slowly. Since you're a One Woman Shop, taking custom orders will slow down your production and you might find yourself running behind on orders. Before you launch your business officially, I would work toward having at least 5 of each type of outfit, plus a few extra hats and booties beyond what you will need for the sets.</p><p></p><p>When you have your first orders, you can use your existing stock to fill them, and immediately start making a new one for whatever you sell.</p><p></p><p>Feel free to PM me if you would like further information. I'm just brainstorming, but if you have specific questions I'm happy to answer them.</p><p></p><p>Trinity</p></blockquote><p></p>
[QUOTE="trinityroyal, post: 497633, member: 3907"] Lisa, that outfit is just stunning. Now, putting my "business hat" on for a moment, I have a few thoughts: 1) Prices For that outfit, you could charge at least $24.99 + tax ($29.99 in some markets). You might want to come up with a rough guide to your prices, for example: 2-easy child outfit = $19.99, 2-easy child with booties = $24.99, 4-easy child outfit = $34.99, etc. People will pay quite a lot for beautifully made doll clothes. You can also make small items to sell stand-alone, such as hats or booties for $7.99 each. When you're setting prices, make sure that you factor in the cost of your materials. You don't want to run at a loss or just break even. (I've suggested that all the prices be $N.99, because for some reason that appeals to people more than round numbers. I'm not sure of the psychology behind it, but many marketing studies have shown this) 2) Inventory I would stay away from custom orders initially, and instead focus on building up a stock of standard outfits. Come up with 2 or 3 patterns and make multiple sets of each one in a variety of colours. Once you see how well those outfits sell, then you can expand the line slowly. Since you're a One Woman Shop, taking custom orders will slow down your production and you might find yourself running behind on orders. Before you launch your business officially, I would work toward having at least 5 of each type of outfit, plus a few extra hats and booties beyond what you will need for the sets. When you have your first orders, you can use your existing stock to fill them, and immediately start making a new one for whatever you sell. Feel free to PM me if you would like further information. I'm just brainstorming, but if you have specific questions I'm happy to answer them. Trinity [/QUOTE]
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