Doing the math with retail prices (like $25) in the context of large volume printing is a dangerous proposition. I would say do the math with $8 instead of $21.80.
Hi John, At min 15 of this video I would like to make a correction in the math. Your assumption is built on dividing the number of shirts to be produced by 30 days in a month, while the working month is only 20 days (unless you want yourself or your staff to be working 7 days a week) so in other words in order to break even per month (assuming 20 days working per month) should be around 32 shirts per day not 21. [630 shirts divided by 20 working days per month = 31.5 shirts rounded up to 32 shirts]
Without getting into a debate as to the correct values of any of your expense categories, you missed a couple of important line items. Four instantly come to mind: 1) manufacturing yield; 2) scheduled and 3) unscheduled maintenance and 4) miscellaneous non-production labor hours (such as vacation, training, sickness, and the like). Even on the most sophisticated lines, mfg yield never seems to top out higher than around 90%, because things happen all the time. On such a large machine, one needs to schedule for maintenance - both in terms of downtime and the cost of a technician to perform that maintenance. The same for un-scheduled maintenance, except usually these costs are higher, because of the need to get back on line quickly. And finally, it is always amazing how many hours in a year are spent on non-production issues - even for those whose job is dedicated for production. A good rule of thumb is that your fixed costs and maintenance sum to ~30% of total sales.
The way you are cool with the staff. I know you didn’t pay 260k especially being a display unit. Epson discounted me their f3070 to 15k each for 3 brand new units. Msrp is like 50k each 😂
Man, I wish I had seen this before I considered buying my new DTG (that I really didn't want/need) but was suckered into purchasing under the premise that I would be plugged into a DTG Fulfillment Group that would clear me $39k/mo. In my first and only year, before the group folded I had a gross profit of $4324.00 but spent $4400.00 on inks and machine cleaning solutions alone. Bummer.
@@johnxsantos Inklocker, not that I blame them, it was Anajet/Ricoh that misrepresented the potential, even after I specifically asked them if people were actually generating the income that they were talking about.
I wouldn’t be surprised if OmniPrint folds. They were terrible to work with. They held $40k of mine for 2 months before sending me the wrong printer. Then on top of that it was broken.
DTG ist good for if a costumer need only few shirts, no screen is needed and u can print one shirt only. If you need more shirt with the same design i think screnn printing ist fast and cheaper
This video shows common sense ain’t common 😂. People need someone to give them a template to input THEIR expenses into to determine THEIR profit wow 😂😂. Great video btw. Can’t wait for the day I’m buying a Kornit industrial dtg ❤
Hello, blogger. I am from China, I really like your video, and I pay attention to your video from a year or so ago. However, my English is limited. If you have time and are willing, can you upload subtitles so that TH-cam can be automatically translated into other countries' languages for viewing. The current video language is youtube's own recognition of English and then translated, the accuracy is not high. Finally, thank you for uploading so many great videos.
Thank you my friend. I will start to look into translation. The only issue I have with translating into foreign languages is not knowing if it’s accurate. Would you mind reviewing the language in your country? If so please send me a message on Instagram: instagram.com/johnxsantos
And OmniPrint lies to their buyers and they all operate like a bunch of turtles. They are slow at everything. They held my $40k for 2 months before sending me the wrong printer! I ordered an i2 and they sent a 330plus. They are rip offs and it was broken!
260k and Chuck isn't available? Are you kidding me lol. With those prices they should rush a human to your doorstep in 30 minutes or less. :) Good Luck Man :)
So If You are a Start Up Co ,Probably not a Great investment ,A company that has been running for years and is making money ,And wants to grow And can afford the payments ,Then go for it :) This is a Great unit :)
I feel that the equipment acquisition, overhead, production cost, and gross margin analysis used I this example is borderline irresponsible. There’s no information related to the cost of equipment and labor expenses required for pre-treating and curing the garments. Where are the equipment maintenance costs being accounted for? Extended warranty / maintenance programs for these machines can run around 10% of the equipment purchase price on an annual basis. Another big factor is the assumed +$20.00 per garment gross profit margin. To make anything like this profit per garment the operator needs to be direct selling their own retail garment line. Where are the costs factored in for creating the designs, marketing the garments, and other customer acquisition expenses? Alternatively if your business model is acting as a contract printer for another companies clothing line you should expect profit margins that are closer to $2.00 per garment versus $20.00. Anyone who would consider making such a major purchase decision based on this limited ROI, needs to get professional help
Man, that's a scary investment, especially having to get a finance to buy the printer. I hope your math is right. Ps. You didn't mention the set up cost.
Doing the math with retail prices (like $25) in the context of large volume printing is a dangerous proposition. I would say do the math with $8 instead of $21.80.
Hi John, At min 15 of this video I would like to make a correction in the math. Your assumption is built on dividing the number of shirts to be produced by 30 days in a month, while the working month is only 20 days (unless you want yourself or your staff to be working 7 days a week) so in other words in order to break even per month (assuming 20 days working per month) should be around 32 shirts per day not 21. [630 shirts divided by 20 working days per month = 31.5 shirts rounded up to 32 shirts]
Please never stop making these videos🔥👏they inspire for real🙏🙏
Without getting into a debate as to the correct values of any of your expense categories, you missed a couple of important line items. Four instantly come to mind: 1) manufacturing yield; 2) scheduled and 3) unscheduled maintenance and 4) miscellaneous non-production labor hours (such as vacation, training, sickness, and the like). Even on the most sophisticated lines, mfg yield never seems to top out higher than around 90%, because things happen all the time. On such a large machine, one needs to schedule for maintenance - both in terms of downtime and the cost of a technician to perform that maintenance. The same for un-scheduled maintenance, except usually these costs are higher, because of the need to get back on line quickly. And finally, it is always amazing how many hours in a year are spent on non-production issues - even for those whose job is dedicated for production. A good rule of thumb is that your fixed costs and maintenance sum to ~30% of total sales.
Yes, after filming I realized how much more I missed in the numbers, so glad you pointed it out!
The way you are cool with the staff. I know you didn’t pay 260k especially being a display unit. Epson discounted me their f3070 to 15k each for 3 brand new units. Msrp is like 50k each 😂
And OmniPrint sucks!
not worth 260k you can buy 4 epson f2100 for 43k and it will out perform this
The cheetah prints a blk in 30secs. F2100 is slow as fuck
@@metrobar3367OmniPrint sucks. Good luck if the machine goes down. They could care less about their customers. I am so done with working with them
Man, I wish I had seen this before I considered buying my new DTG (that I really didn't want/need) but was suckered into purchasing under the premise that I would be plugged into a DTG Fulfillment Group that would clear me $39k/mo. In my first and only year, before the group folded I had a gross profit of $4324.00 but spent $4400.00 on inks and machine cleaning solutions alone. Bummer.
what was the DTG fulfillment group called if you don't mind sharing?
@@johnxsantos Inklocker, not that I blame them, it was Anajet/Ricoh that misrepresented the potential, even after I specifically asked them if people were actually generating the income that they were talking about.
I wouldn’t be surprised if OmniPrint folds. They were terrible to work with. They held $40k of mine for 2 months before sending me the wrong printer. Then on top of that it was broken.
DTG ist good for if a costumer need only few shirts, no screen is needed and u can print one shirt only.
If you need more shirt with the same design i think screnn printing ist fast and cheaper
Good to see Edsel from Anajet over at Omniprint !
Thanks for an honest breakdown and best of luck!
This video shows common sense ain’t common 😂. People need someone to give them a template to input THEIR expenses into to determine THEIR profit wow 😂😂. Great video btw. Can’t wait for the day I’m buying a Kornit industrial dtg ❤
Appreciate the honesty about the numbers.
Always important to run them 🙏🏽
Chuck and Edsel, both amazing people!!
Do the garments still need pretreatment ? With their formulation of inks
Hello, blogger. I am from China, I really like your video, and I pay attention to your video from a year or so ago. However, my English is limited. If you have time and are willing, can you upload subtitles so that TH-cam can be automatically translated into other countries' languages for viewing. The current video language is youtube's own recognition of English and then translated, the accuracy is not high. Finally, thank you for uploading so many great videos.
Thank you my friend. I will start to look into translation. The only issue I have with translating into foreign languages is not knowing if it’s accurate. Would you mind reviewing the language in your country? If so please send me a message on Instagram: instagram.com/johnxsantos
Wow $260000 worth of DTG printer
That sounds crazy man
Wish you best of luck
I have a question how can we get Omniprintr in uk!
This company sucks! Trust me don’t do business with OmniPrint
Your brother looks like McLovin
Chicka chicka yea!
🤣🤣🤣
hahahahaha
Do you know omni printers use older epson print heads????
Yes, which is why you should use a p600 and convert it into a DTG.
And OmniPrint lies to their buyers and they all operate like a bunch of turtles. They are slow at everything. They held my $40k for 2 months before sending me the wrong printer! I ordered an i2 and they sent a 330plus. They are rip offs and it was broken!
You forgot cleaning g, waste ink for cleaning the heads plus maintenance per shirt
Is very exciting to get ur new machine
Hi does the cheetah pretreat the shirt ? Or juts press ?
Thanks for creating this video. It is very informative.
Thank you sir for all information give to your Followers and others
Thank you for watching and subscribing my friend. 🙏🏽
What is the best method of t shirt printing DTG or SCREEN PRINTING
No pre-treatment, nor heat pressing or no shirt preparation needed before the actual printing?
Jun Florese you still need to pretreat! No hear pressing due to the fact that you have the dryer
this video wouldve been PERFECT if it wasnt clickbait
how much was the ink cost on black and white tee ? you forgot to tell that
260k and Chuck isn't available? Are you kidding me lol. With those prices they should rush a human to your doorstep in 30 minutes or less. :) Good Luck Man :)
Exactly🤨
what is the background music at the beginning of this video ?
Thank you for the great content!
great information. u got a new sub!
So If You are a Start Up Co ,Probably not a Great investment ,A company that has been running for years and is making money ,And wants to grow And can afford the payments ,Then go for it :) This is a Great unit :)
This is great! Not only is the information great but it was awesome to go in undercover ! 👊🏽
thanks, i learned a lot
I feel that the equipment acquisition, overhead, production cost, and gross margin analysis used I this example is borderline irresponsible. There’s no information related to the cost of equipment and labor expenses required for pre-treating and curing the garments. Where are the equipment maintenance costs being accounted for? Extended warranty / maintenance programs for these machines can run around 10% of the equipment purchase price on an annual basis.
Another big factor is the assumed +$20.00 per garment gross profit margin. To make anything like this profit per garment the operator needs to be direct selling their own retail garment line. Where are the costs factored in for creating the designs, marketing the garments, and other customer acquisition expenses? Alternatively if your business model is acting as a contract printer for another companies clothing line you should expect profit margins that are closer to $2.00 per garment versus $20.00.
Anyone who would consider making such a major purchase decision based on this limited ROI, needs to get professional help
haha. you got solid points there.
Man, that's a scary investment, especially having to get a finance to buy the printer. I hope your math is right. Ps. You didn't mention the set up cost.
Lol I lowered my cost of living to $800 a month... so, I can invest my money into the business fully.
Lol not to be negative rn but the profit after sell is actually $20.80 not $21.80 lol other keep grinding. Love the content man🙌🏾
😆
Unless you have already a running business or you are rich ...you do not need this machine no one is printing 18000 shirts lol
don't forget to bye the dryer... hehe
Congrats
You forgot the ink costs!
Puedes hacer un video en español, esta bastante interesante. Gracias
25 - 4.20 = 20.80
Running 7 days a week? At 5 or 6 days a week it's more a day
Chad brandon Ps fanboy ?
30 days out the week 😂
Kornit Money .... no thanks 😂
M&Rs maverick is way better!!
Not worth the money bet he's not making no kind of money