My Exact Pricing Formula: Costing & Pricing Your Product (part 2)
Today is part 2 of Costing & Pricing your product. If you haven’t listened to Part 1 yet, click here. In this episode, I give you my EXACT pricing formula & the exact markups I recommend. 👀
- the EXACT markup & pricing formula for fashion, accessories, and jewelry products that I’ve used for 20+ years
- what you goes in your cost sheet and what to leave out
- the story of the pricing mistake I made that almost put me out of business
- how pricing fear can mess up your business and how to handle it
DISCLAIMER: What I go over today are guidelines, not rules. In all honesty, I’m nervous to release this episode. There’s a reason I haven’t released my exact pricing formula on the podcast before. And that’s because there are a lot of variables about what markup is right for you and your brand.
Each business is unique and each product is unique. That said, you need to start with something and I sincerely hope the details & numbers started in this episode will guide you to better and more profitable pricing decisions.
I really could have used an honest episode like this before I started. 😃
Have a listen…
If you’re really are unsure and you need help, then book a one-time private coaching session with me and we’ll go over it all. Book a session here: https://fashionbrainacademy.com/programs2/
- Costing & Pricing Template & Workshop – ONLY $10 with code: PODCAST
- Private Coaching info or email us & we’ll send you the deets
- How to start a clothing line from scratch course, the Launch a Line online course
Let me know how your cost sheets are going. I love hearing from you!