In this video we cover everything you need to know about pricing your product for sale. We dive into eCommerce pricing, what kind of margins you should aim to reach and what it takes to sale through retail stores. To take advantage of the free trial of Shopify and setup your online store: http://bit.ly/Get-Shopify
Margin Calculator Mentioned in video: http://bit.ly/Margin-Calculator
Printful Print To Order: http://bit.ly/Try-Printful
Back The Cause: http://bit.ly/Support-The-Channel
Have you ever wondered how some products sell for hundreds of dollars while others are more affordable? If you’ve had this in mind while pricing your products for sale, I go into detail with the different pricing models you can follow to help you make a decision. Ultimately it depends on what tier your brand sits in, but the terms and content in this video will help you figure all of that out in a strategic way. It’s important to price your product at a sweet spot, a price that your market is willing to pay and you are able to make margins on to keep the lights on. It can be tricky to figure out, but it’s important to know what to strive for early on and then make adjustments as needed.
Start A Brand ASAP- Connecting entrepreneurs with the resources and content they need to start their business ASAP. Download the free manufacturer and supplier guide and also receive the E-Series straight to your inbox.
John Santos on Social:
LINKS TO BUSINESS RESOURCES AND INFO.
**** RESOURCE LINKS********
***Shopify- Website Platform, 14 Day Risk Free Trial
***Bluehost- Web hosting package, 30 Day Money Back Guarantee
*** Design Package- Photoshop, Illustrator & More
***Fiverr- Logo Design and Graphics
*AFFILIATE DISCLAIMER: The description may contain affiliate links, which means that if you click on one of the links, I may receive a small commission (at no added cost to you). This helps me create new videos to support your journey. If you could reference back to this description when you are ready to use a service, I’d greatly appreciate it.
Thanks for this man. One question...is there a way to change the price of a product in Prihtful after you've added the product? I do no see a way to do this on Printful (I see where you can edit, but it only allows me to edit the image, not the pricing). Thank you in advance.
just subscribed to your channel! very intricate explanation on pricing.
so basically finding a unique product and pricing it high within your competitors range. then discounting once in a while for more volume and momentum.
question on products, do you recommend alote of product under the same nich?
Hi John. I have a question, if you could help please.
I just started my apparel company a few month ago. My niche is Boxing, so I do Boxing/Fighting related apparel. I don't have a lot of sales, but I've sold some T-shirts through out the local boxing community. I do not have a website, but I am planning to make one.
So when I did one of my first T-shirt designs, I got reach out in Instagram by one of the coaches that trains pro boxers in CA, asking to send them some t-shirts, because they liked them. So I did send 10 t-shirts at my own cost. Fighters we wearing them and I was super happy.
Then we talked more and he said if I will provide the t-shirts or any other apparel for the fighters (basically to be a sort of a sponsor) - they will wear it. I got all excited and was thinking that its the best advertisement for my brand that I could ever ask for.
My problem is that they want them for FREE obviously, and I am not that big of a company yet, to be able to give 10 - 20 T-shirts at my own cost (they just asked me for another 20 t-shirts), when I don't have that many sales. What do u think I should do? I don't want to upset them and loose such a strong connection/out, but same time not being able to afford it.
Thank you very much.
I'm also in boxing apparel. I would sponsor a popular boxer, one with a good IG following. Or you could reserve a few for sponsored boxers. I sponsor 5 boxers (2 pro, 3 ammys) not including my 3 children.
You can't make money if you give them all away🙂
I'd be happy to share also.
+Vlad Shults great question and one that a lot of brands have to deal with when first starting. Ultimately it depends on the budget you have for your marketing. you need to have a figure in mind, but more importantly you need to make sure you maximize exposure, contacts and sales. If you were to provide the shirts, make it so you gain way more in return. If the gym is reputable, consider approaching it as the official gym sponsor. Have the owner pay for part of the production and require he fighters to wear it. (Collaboration) it would be branded as their gym and your brand. In the case that they don't want to cover any production, require the fighters to still buy it, at the very minimum your cost, and then request for banners and booth set ups during fights. There are multiple ways to make the deal work, but always make it a win- win. Fighters wearing it is cool, but always make sure it's translates to your bottom line.
Hi John! Really enjoy your videos, you have been teaching me a lot! Could you please do another video on Minimum Viable Product and proof of concept? I feel the last one was too short and didn't cover as much as it could have :) Thank you so much 😊
Looking for a great fundraising idea for your school, church, sports group or non profit? There is no shortage of options.
Below you will find more than 44 proven fundraisers to consider, ranging from product sales to online fundraisers to events proven to raise money. Youll also find fundraising e books, thermometers, widgets and reviews.
The one thing we have learned helping thousands of groups raise money every year is that you have limited time and resources to spend raising capital. Thats why were glad youre here. We provide all the data you need to make the best decision for your group. We make it easy to choose an easy fundraising idea that is the best option for your organization.
School Fundraising Ideas.
Almost every school could use some financial assistance now and then. When those needs pop up most start to research the best fundaising ideas for schools. It doesnt matter whether its elementary, middle or high school. It could even be preschool. Many budgets fail to cover all the costs associated with offering sports programs, clubs, events or class trips.
We offer school fundraisers for any need you might have.
Non Profit Fundraisers.
7 Essential Steps to Raising Money by Mail with Sample Fundraising Letters.
Many non-profit organizations can benefit from a well-planned ongoing mailing program. Our complete guide takes you step by step through building your mailing list, writing a letter that get results, and thanking donors for their gifts.
Maximize your next charity fundraiser with secrets from top charity auction experts.