I am new to the world of embroidery. I am expanding my current small business with embroidery. Customers began asking for embroidery, and I had to turn them away. I stepped out and ordered my Ricoma. I recently received my MT 1501; I’m eager yet very anxious to begin my classes next week. Several of your videos, especially this one, has been ONE OF THE MAIN questions for me! I want to express my sincere gratitude for this video! Thank you for the clarification and breakdown. Thank you!🙏🏾
thank you so much, i am starting out on embroidery, even though i only have janome machines i can now work up to getting the multi needles quicker, will be watching all your videos.
I really appreciate your tutorials sir. It really helps me with starting my embroidery business to have a structured price format which I try to avoid and just concentrate on making items. But knowing I have to have profit but in a proper calculation. So this is really helpful and motivating to me. Thank you
Thanks a lot for your videos! Very interesting and a lot of useful information. My embroidery business grew out of a hobby. And I solved many questions intuitively. I have a website, customers, but always the most difficult question is how to form a price and so that the business generates income. Thanks again! Tatyana, Broderie SlyFox
Thanks for you video , I’m learning a lot and building up the confidence to pull the trigger on purchasing a embroidery machine . 1 question , on level 2, where did you include the expense (garment ,consumeables and COB)in the equation ? “
What is not taking into account is the cost of the competition or the market. We would all like to charge large or well-paid amounts, but clients take care of their money and do not think about giving it away. There is competition and it is ruthless, in order to have the job some give very cheap prices.
All makes sense except the markup for the blank. Surely that is the most expendable as it doesn't cost you anything (including time) to manufacture the item. Also, you didn't include digitising costs. Those can be outsourced of course, but then that is an added expense that cannot be avoided.
Yes, blanks are calculated since its an upfront expense, how much you mark up is up to you. And yes, digitizing is added into the expense as well. Thanks for the input.
Why lower the prize. What value is the customer giving making it worth the prize reduction. Do you have dead time to fill for the machines? (Increasing service frequency).
Thanks for the info, very helpful. Do you have this calculation without the blanks included? I tend to have customers ask me how much will I charge to embroider on their garment in which I haven't even seen yet or don't know what the quality of the blank is. Sometimes the quality of the blank they bring me is very poor quality and I really don't even want to work with it. One time I had an issue with my machine and it destroyed the customer garment. I had to purchase another garment for my customer. I was crazy trying to track down that same piece of garment which cost me more money!
Hello, I would only embroider on an item I have already embroidered 100's of times, with a file I have tested and sure it's good to go. I stay away from customer supplied garments for that exact reason that you went through. But there are times i'll stitch names or something basic on hats or polos. All my calculations are based on blanks that I provide, it makes my work flow and pricing 10 times easier.
@@RomeroThreads thank you, I'm sure it is easier. Now I have a customer I'm stuck with that brings me anything😒. I guess I will have to tell them no more. They want the garment for a cheaper price so they purchase it themselves. When starting out, how do you know what to buy and how many different sizes & colors? Will you do a video on inventory?
Starting out, I would recommend starting w/ 2 or 3 colors and having the sizes ready and slowly move up to multiple colors and sizes. This is a great topic that I can definitely go into great detail, I will surely make a video on this topic soon, thanks.
@@shugg881 I am a business that will allow customers to bring me their garments BECAUSE it's money I don't have to expend in order to get back at the completion of an order. I will not accept garments washed or worn. So, I, too, would like to know what my "sew charge" is without the garment price factored into the math. I want to know the separate charges and how to calculate just the Sew Charge. Is there a way to do just that? - Dianne in OKC
I am new to the world of embroidery. I am expanding my current small business with embroidery. Customers began asking for embroidery, and I had to turn them away. I stepped out and ordered my Ricoma. I recently received my MT 1501; I’m eager yet very anxious to begin my classes next week. Several of your videos, especially this one, has been ONE OF THE MAIN questions for me! I want to express my sincere gratitude for this video! Thank you for the clarification and breakdown. Thank you!🙏🏾
Thank you for the comment. There's alot of fine details and fine tuning but you got this!! Have fun with your training.
thank you so much, i am starting out on embroidery, even though i only have janome machines i can now work up to getting the multi needles quicker, will be watching all your videos.
I needed this I’m just starting and have no idea how much to charge thank you for your videos I been learning a lot thanks bro
Thank you so much. I'm considering starting my own embroidery business and needed this tutorial to help me find a price format.
I really appreciate your tutorials sir. It really helps me with starting my embroidery business to have a structured price format which I try to avoid and just concentrate on making items. But knowing I have to have profit but in a proper calculation. So this is really helpful and motivating to me. Thank you
Making profit makes the business fun and without it, the business can't grow. Thanks for the message.
I hope it’s going great for you ! I my self em looking into purchasing a single head embroidery machine .
i feel this is one of your most informative videos. thank you thank you
Great content...thanks for the info...I've always wanted to do this just need to pull the trigger.
Thanks a lot for your videos! Very interesting and a lot of useful information. My embroidery business grew out of a hobby. And I solved many questions intuitively. I have a website, customers, but always the most difficult question is how to form a price and so that the business generates income. Thanks again! Tatyana, Broderie SlyFox
Thanks for sharing!
Another great video, with good information, thank you.
Thanks for the info.
Thanks!
The more production in one hour results in a lower amount for hour? I am confused.
Thanks for you video , I’m learning a lot and building up the confidence to pull the trigger on purchasing a embroidery machine . 1 question , on level 2, where did you include the expense (garment ,consumeables and COB)in the equation ? “
You would add all your expenses to the expected profit, that will give you your total. Thanks for the message.
What is not taking into account is the cost of the competition or the market. We would all like to charge large or well-paid amounts, but clients take care of their money and do not think about giving it away. There is competition and it is ruthless, in order to have the job some give very cheap prices.
Also most likec95 percent of competition is from home owned equipment
All makes sense except the markup for the blank. Surely that is the most expendable as it doesn't cost you anything (including time) to manufacture the item. Also, you didn't include digitising costs. Those can be outsourced of course, but then that is an added expense that cannot be avoided.
Yes, blanks are calculated since its an upfront expense, how much you mark up is up to you. And yes, digitizing is added into the expense as well. Thanks for the input.
Awesome Info What if You get a customer who brings in a bag of Bennies and they want something put on them. Does that effect the $$$
Yes. I don't accept customer provided garments, but if you do, prices will be adjusted. thanks for the message.
Why lower the prize. What value is the customer giving making it worth the prize reduction. Do you have dead time to fill for the machines? (Increasing service frequency).
Can you please tell me the full price for both machines?
Thanks for the info, very helpful. Do you have this calculation without the blanks included? I tend to have customers ask me how much will I charge to embroider on their garment in which I haven't even seen yet or don't know what the quality of the blank is. Sometimes the quality of the blank they bring me is very poor quality and I really don't even want to work with it. One time I had an issue with my machine and it destroyed the customer garment. I had to purchase another garment for my customer. I was crazy trying to track down that same piece of garment which cost me more money!
Hello, I would only embroider on an item I have already embroidered 100's of times, with a file I have tested and sure it's good to go. I stay away from customer supplied garments for that exact reason that you went through. But there are times i'll stitch names or something basic on hats or polos. All my calculations are based on blanks that I provide, it makes my work flow and pricing 10 times easier.
@@RomeroThreads thank you, I'm sure it is easier. Now I have a customer I'm stuck with that brings me anything😒. I guess I will have to tell them no more. They want the garment for a cheaper price so they purchase it themselves. When starting out, how do you know what to buy and how many different sizes & colors? Will you do a video on inventory?
Starting out, I would recommend starting w/ 2 or 3 colors and having the sizes ready and slowly move up to multiple colors and sizes. This is a great topic that I can definitely go into great detail, I will surely make a video on this topic soon, thanks.
@@shugg881 I am a business that will allow customers to bring me their garments BECAUSE it's money I don't have to expend in order to get back at the completion of an order. I will not accept garments washed or worn. So, I, too, would like to know what my "sew charge" is without the garment price factored into the math. I want to know the separate charges and how to calculate just the Sew Charge. Is there a way to do just that? - Dianne in OKC
Good video thanks
Where can I purchase your embroidery machine