If you scour forums or facebook groups, you'll find the number one question constantly revolving around pricing. Pricing is a delicate subject for every business owner because it determines your profit, also known as your livelihood. There are several different ways to price a job. You can get extremely detailed with pricing, and take into account factors like your shop overhead, press time, capacity, impressions, ink colors, garment costs etc. While you can be extremely scientific, there are a few general rules that you should follow when you are pricing. We've detailed a few key points to make pricing easier and smarter.
Try Printavo: https://www.printavo.com
A Merchandiser plays very important role in the apparel industry.
The objective of the merchandising management team is to get the correct balance between the expectations of the customer and the objectives of the company’s financial strategy.
Sampling department is known as the heart of an apparel industry. Company profit or loss depends on this department. Therefore the responsibility of this department is very high.
Careful study & understanding of Tech Pack/files will reduce errors in production, reduce issues with communication, and ultimately can save lots of money and frustration.
By applying their knowledge about fabric and clothing construction, the supplier will study the T/F and find the best way to manufacture the item while taking things like price and buyer’s requirements into consideration.
A Merchandiser plays very important role in the apparel industry.
The objective of the merchandising management team is to get the correct balance between the expectations of the customer and the objectives of the company’s financial strategy.
Sampling department is known as the heart of an apparel industry. Company profit or loss depends on this department. Therefore the responsibility of this department is very high.
Careful study & understanding of Tech Pack/files will reduce errors in production, reduce issues with communication, and ultimately can save lots of money and frustration.
By applying their knowledge about fabric and clothing construction, the supplier will study the T/F and find the best way to manufacture the item while taking things like price and buyer’s requirements into consideration.
Practice makes a man perfect. Correctly said as you have both skills and knowledge that you have equipped yourself with in the world of 3D printing.
www.makenica.com
Price: The Price at which the product is sold to the customer is a key part of the marketing mix. A comparison must be made with the prices of competitors product.
Why is this book so important? One of the biggest lessons I have learned within the startup landscape is that even though pricing, together with the business model, remains by far the lever that most impacts revenue, the subject is a sensitive one.
Pricing is a strong — but often underused — tool available to capture a share of value created for customers
Pricing is one of the biggest challenges that startup face. The book is a practical toolkit that positively influences the pricing strategies of startups. It reveals insights in the different pricing methods and tactics used by successful companies.
[Design] Print On Demand For Beginners From A To ZLynnDoJacson
In this tutorial, you’re going to learn the step-by-step process to create your print on demand store from
start to scale (the level of success is up to you) and something related that a beginner needs.
Exploring the Essence of Mark-on,Mark-down and Mark-up.Unfooledbyu
This is a sample of Power point presentation of differentiating and obtaining Mark-on,Mark-up and Mark-down. This is a simple presentation on the concept of these three. Various activities were added, like price tag challenge, exploring mark-on,mark-up and,mark-down and the like. Mark-on is the difference between the selling price of a product or service and its cost price, expressed as a percentage of the cost price. It represents the gross profit margin on the product. Mark-on is commonly used in retail and wholesale businesses to assess profitability. Markdown refers to a reduction in the selling price of a product or service below its original price. Markdowns are often used in retail to stimulate sales, clear inventory, or respond to changes in market conditions. Markdowns can be temporary or permanent and are usually expressed as a percentage of the original selling price. Markup refers to the increase in price or value of a product or service above its production or acquisition cost. It's commonly expressed as a percentage of the cost. Markup is typically used in retail and business settings to determine the selling price of goods or services. Additionally, it shows various activities that will enhance the comprehension skills of the learners. Furthermore this presentation can offer a real-life application of Mark-on,Mark-down and Mark-up. These terms are fundamental in pricing strategies and financial analysis, particularly in retail and business operations. Understanding them helps businesses make informed decisions regarding pricing, profitability, and sales strategies.
Value Based Pricing Strategy Powerpoint Presentation SlidesSlideTeam
"You can download this product from SlideTeam.net"
Introducing Value-Based Pricing Strategy PowerPoint Presentation Slides. With the help of a premium pricing PPT template, you can conduct market research in order to learn about customer demographics. By using this demand-based pricing PowerPoint presentation, you can highlight on various kinds of planning related to cost, competitor, and value-based factors. You can emphasize the steps which lead to the execution of data, thus you mention it using product preference analysis PPT visuals. By using a value-pricing plan PowerPoint presentation complete deck, you can create a report on the buyer’s personal data. With the help of pricing strategies PPT template, you can create a buyer’ persona on the basis of demographic, mindset, language, and customer journey. This premium pricing PowerPoint presentation contains sheets, charts, reports, and graphs with which you can create a market segment record. The product preference analysis PPT comprises content ready twenty-four slides to create a comprehensive presentation. Therefore, download this ready-to-use value pricing strategies PowerPoint presentation deck and improve profitability. https://bit.ly/34Pp7RN
Hiring Workers for Your Screen Printing Shop? Speak Spanish and Use Advertisi...Printavo
Job ads are advertisements.
Seems obvious, right? But job ads for people that want to work in your screen printing or embroidery shop must be written and targeted correctly. Go where the group you're trying to reach hangs out. Speak their language.
Mike Chong shows you how to approach hiring for different cohorts. Be ready to speak Spanish. Learn to research, revise, and alter your approach.
As Big As You Want | Ryan Moor from Ryonet | PrintHustlers Conf 2019Printavo
Ryan Moor has been involved with Printavo since the early days. A stalwart advocate for the industry, Ryan Moor has grown Ryonet from a side hustle on eBay into a giant distributor, manufacturer, and organizer for the entire screen printing industry.
Ryan discusses the Blue Oceans that Ryonet took advantage of, the struggles that have happened along the way, and the two types of people that need to come together for a business to really succeed.
Watch his presentation in full here: https://www.youtube.com/watch?v=LTcLyP4zzE0
A huge thanks to Ryan for joining us at PrintHustlers Conf 2019!
More Related Content
Similar to Screen Printing Pricing Guide - Let's Really Think Through it
Practice makes a man perfect. Correctly said as you have both skills and knowledge that you have equipped yourself with in the world of 3D printing.
www.makenica.com
Price: The Price at which the product is sold to the customer is a key part of the marketing mix. A comparison must be made with the prices of competitors product.
Why is this book so important? One of the biggest lessons I have learned within the startup landscape is that even though pricing, together with the business model, remains by far the lever that most impacts revenue, the subject is a sensitive one.
Pricing is a strong — but often underused — tool available to capture a share of value created for customers
Pricing is one of the biggest challenges that startup face. The book is a practical toolkit that positively influences the pricing strategies of startups. It reveals insights in the different pricing methods and tactics used by successful companies.
[Design] Print On Demand For Beginners From A To ZLynnDoJacson
In this tutorial, you’re going to learn the step-by-step process to create your print on demand store from
start to scale (the level of success is up to you) and something related that a beginner needs.
Exploring the Essence of Mark-on,Mark-down and Mark-up.Unfooledbyu
This is a sample of Power point presentation of differentiating and obtaining Mark-on,Mark-up and Mark-down. This is a simple presentation on the concept of these three. Various activities were added, like price tag challenge, exploring mark-on,mark-up and,mark-down and the like. Mark-on is the difference between the selling price of a product or service and its cost price, expressed as a percentage of the cost price. It represents the gross profit margin on the product. Mark-on is commonly used in retail and wholesale businesses to assess profitability. Markdown refers to a reduction in the selling price of a product or service below its original price. Markdowns are often used in retail to stimulate sales, clear inventory, or respond to changes in market conditions. Markdowns can be temporary or permanent and are usually expressed as a percentage of the original selling price. Markup refers to the increase in price or value of a product or service above its production or acquisition cost. It's commonly expressed as a percentage of the cost. Markup is typically used in retail and business settings to determine the selling price of goods or services. Additionally, it shows various activities that will enhance the comprehension skills of the learners. Furthermore this presentation can offer a real-life application of Mark-on,Mark-down and Mark-up. These terms are fundamental in pricing strategies and financial analysis, particularly in retail and business operations. Understanding them helps businesses make informed decisions regarding pricing, profitability, and sales strategies.
Value Based Pricing Strategy Powerpoint Presentation SlidesSlideTeam
"You can download this product from SlideTeam.net"
Introducing Value-Based Pricing Strategy PowerPoint Presentation Slides. With the help of a premium pricing PPT template, you can conduct market research in order to learn about customer demographics. By using this demand-based pricing PowerPoint presentation, you can highlight on various kinds of planning related to cost, competitor, and value-based factors. You can emphasize the steps which lead to the execution of data, thus you mention it using product preference analysis PPT visuals. By using a value-pricing plan PowerPoint presentation complete deck, you can create a report on the buyer’s personal data. With the help of pricing strategies PPT template, you can create a buyer’ persona on the basis of demographic, mindset, language, and customer journey. This premium pricing PowerPoint presentation contains sheets, charts, reports, and graphs with which you can create a market segment record. The product preference analysis PPT comprises content ready twenty-four slides to create a comprehensive presentation. Therefore, download this ready-to-use value pricing strategies PowerPoint presentation deck and improve profitability. https://bit.ly/34Pp7RN
Similar to Screen Printing Pricing Guide - Let's Really Think Through it (20)
Hiring Workers for Your Screen Printing Shop? Speak Spanish and Use Advertisi...Printavo
Job ads are advertisements.
Seems obvious, right? But job ads for people that want to work in your screen printing or embroidery shop must be written and targeted correctly. Go where the group you're trying to reach hangs out. Speak their language.
Mike Chong shows you how to approach hiring for different cohorts. Be ready to speak Spanish. Learn to research, revise, and alter your approach.
As Big As You Want | Ryan Moor from Ryonet | PrintHustlers Conf 2019Printavo
Ryan Moor has been involved with Printavo since the early days. A stalwart advocate for the industry, Ryan Moor has grown Ryonet from a side hustle on eBay into a giant distributor, manufacturer, and organizer for the entire screen printing industry.
Ryan discusses the Blue Oceans that Ryonet took advantage of, the struggles that have happened along the way, and the two types of people that need to come together for a business to really succeed.
Watch his presentation in full here: https://www.youtube.com/watch?v=LTcLyP4zzE0
A huge thanks to Ryan for joining us at PrintHustlers Conf 2019!
Stories of the Ups and Downs | Rick Roth | PrintHustlers Conf 2019Printavo
Rick Roth from The Ink Kitchen and Mirror Image relays decades of success – and failure – in the screen printing and embroidery profession. From hot market printing to high-fashion to large-volume orders to winning industry awards, Rick is one of the custom apparel industry's best voices.
Watch the video presentation here: https://youtu.be/t1IhEL2cFfY
But not everything is going to be easy when you own and operate your own print shop, no matter the size. Embezzlement might strike. There are injuries, miscommunication about spellings on thousand piece orders, unfortunate manufacturing defects (like dye migration) that burn good clients...there's always some kind of risk just around the corner.
Building a Sales Machine | Kevin Baumgart | PrintHustlers Conf 2019Printavo
Kevin Baumgart, the third employee at Hireology and a consultant to screen printing shops that want to refine their sales strategies, presented ways to build a "sales machine" that runs itself. By setting the right goals and using clear performance metrics, you can set your team up for success and develop systems instead of hoping to close individual deals. More than 200 screen printers and custom apparel professionals traveled to Chicago for 2019's PrintHustlers Conf, hosted by Printavo.
Managing Flaky Millennials | Steven Farag | PrintHustlers Conf 2019Printavo
Managing Millennials requires the right management techniques. As a Millennial, Steven Farag knows what it takes. Oh, and he manages dozens of Millennials as his sales force at Campus Ink and Clubhouse Athletic. Forward-looking and thoughtful, Steven will teach you simple ways to improve your working relationships and build a positive working culture for a finicky (flaky, funky, f'in) generation. Nearly 200 screen printers and decorated apparel professionals gathered in Chicago for 2019's PrintHustlers Conf, hosted by Printavo.
Live Printing Tips and Tricks | Max Hellmann | PrintHustlers Conf 2019Printavo
Max Hellmann from Family Industries in Los Angeles, CA shares his tips and tricks for live screen printing events. An innovator in the live printing field, running more than 450 events each year, Max shares what it takes to make a challenging process work anywhere. More than 200 screen printers and custom apparel professionals gathered in Chicago for 2019's PrintHustlers Conf featuring Max Hellmann.
Your logo's great. How's your brand? | David Kelbaugh | PrintHustlers Conf 2019Printavo
David Kelbaugh from Tacklebox Brand Partners explains the what, why, and how of branding your business. Presented at Printavo's PrintHustlers Conf 2019, this presentation helps any business with branding. What does your business believe? Dive deep into developing a coherent, powerful, and meaningful brand for your print shop or screen printing business with this presentation.
Growth Hacking Your Way to Succcess | Mark Coudray | PrintHustlers Conf 2019Printavo
Screen printing industry legend Mark Coudray's slides from his presentation at PrintHustlers Conf 2019. Covers how to grow your business, get rid of customers that aren't turning you a profit, and the trends and takeaways from the financials of more than 160 print shops across the US.
T&J Print University Presentation (Printavo)Printavo
Printavo's presentation about best practices in your screen printing, embroidery, or DTG shop. Presented at T&J Print University, held at M&R Headquarters outside Chicago, IL.
Managing Screen Printers, Part 2: Standard ProceduresPrintavo
In Part 1 of Managing Screen Printers, we discussed why a culture of accountability is so important for your screen printing shop. Now that you understand the basics of a culture of accountability, it's time to create standardized procedures as the backbone of your shop's processes.
This is where the rubber meets the road: you are actually building systems for accountability and creating replicable steps for your screen printers to follow.
Try Printavo for free: https://www.printavo.com
Managing Screen Printers, Part 1: AccountabilityPrintavo
Creating a culture of accountability
Your biggest customer calls:
“I can’t use any of these shirts. They’re all wrong. You’re going to replace them or I’m going to find another shop!"
You hang up the phone. Your blood pressure is through the roof. What happened? How did you not find out about it before the customer did?
This story hits home with far too many screen printing shops.
If this has happened to your shop, what happened next? Did you:
Get angry. Slam the phone down and throw an expletive-laden tantrum in front of your staff
Assign blame. Call an emergency meeting with all of your department heads and try to figure out who “didn’t do their job”
Try to fix the system that broke down. Look at yourself as the primary source of accountability and try to understand what led to letting this issue get to the customer
If you said the last one, you’re probably lying – or deluding yourself. The overwhelming majority of print shop owners and managers are prone to the first two reactions: anger and blame-seeking. It’s human instinct!
Try Printavo for free: http://www.printavo.com
When do you hire a sales rep for your screen printing and custom merchandise shop? How do you pay them? What should they actually do?
These questions come up again and again. Luckily, Steven Farag from Campus Ink shared his first-hand experience with hiring a dedicated outside sales representative.
Steven discusses recruiting, training, incentives, salary, commissions, lead generation, and measuring value with Bruce Ackerman from Printavo. This question and answer session will resolve your questions and give you the best practices for moving forward with hiring your first sales rep.
CRM mentioned: Close (https://www.close.com)
Try Printavo for free: https://www.printavo.com
Screen Printing With Water Based Inks: 5 SolutionsPrintavo
So many screen printing shops have a hard time working with water based inks.
It's not that water based inks are difficult. It's that most shops don't know where to start. They don't know they might want to get a reptile fogger (but I promise more on that later).
This article will answer 5 common questions about water based inks and give you tips you can use in your shop to get the most out of this exciting medium. There's some basic concepts to understand about working with water based inks before we dive in:
The less water you have in your ink, the harder it is to work with. Water based ink has lots of water in it (seems obvious, right?). But as the ink loses water, it becomes stubborn and hard to work with.
Think about water based ink like it's blood. If you get a small cut, it scabs up quickly. But a larger wound has flowing blood and won't immediately scab up or dry out.
Keep it moist, keep it moving. You've got to manage water based inks so they don't dry out and give you issues.
Let's go further into these eco-friendly, super-soft, ultra-durable, 100% breathable inks!
ISS Long Beach 2019 - Simplify Your Workflow PresentationPrintavo
Bruce Ackerman, Printavo
Steven Farag, Campus Ink
This seminar covers 10 steps to simplify a shop's workflow. I will be covering training, marketing automation, 1:1's, consistency and process.
In this Seminar, you'll learn:
Automating to save time
Tips to simplify your shop
Using social advertising that works
Buy Used Screen Printing Equipment and Save MoneyPrintavo
Mike Chong from Merch Monster returns with this comprehensive guide for buying used equipment for your screen printing shop. Whether you're starting out or looking to expand, you'll learn how Mike has managed to save some serious cash.
Nice furniture, a fancy office, brand new computers, and the latest printing equipment won’t win you any awards or make your screen printing any better. You’ve got to hunt for deals on used equipment, put in some work to find alternatives to expensive production equipment, and be ready to take advantage of connections you have.
You don't want to have bad equipment – and you need to have things that work well for a long time – but that doesn't mean that you should just buy new and call it finished.
Try Printavo for free today! https://www.printavo.com
Use Proofs, Save Money in Your Screen Printing BusinessPrintavo
Whether your business does screen printing, embroidery or DTG printing – proofs are essential.
At Printavo, we've heard from hundreds of owners that face an uphill battle with their art approval process. It's a challenging intersection of customer management, clear communication, production, procurement, and design.
One of the keys to a smooth screen printing production process is to develop a strong system for proofs & art approval. That's why Mike Chong from Merch Monster shared his insights into developing a clear process for proofs.
Better proofs lead to more production time – and printing more jobs with less spoilage.
Try Printavo for free: https://www.printavo.com
6 Reasons Print Shops Are Switching To PrintavoPrintavo
I’m Steven Farag, owner of Campus Ink in Champaign, Illinois – yes, I’m a real shop owner!
When I talk to other shop owners, I’ve noticed that more and more screen printing shops have made the switch to Printavo to manage their operations with shop management software.
It’s not enough to run your shop off a blackboard anymore – there’s just too many moving parts to be successful without some way to keep track of everything.
Try Printavo for free: https://www.printavo.com
Building a Sales Machine - PrintHustlers Conf 2018Printavo
Kevin Baumghart discusses how to turn your sales team into a machine. Screen-print shops can learn to better hire, train and sell more using his methodology.
Try Printavo: https://www.printavo.com
For years you have been the production manager in your print shop. Aside from running every other facet of the business, you're burning screens, ordering garments, scheduling, matching artwork, and setting up presses.
It's time to hire someone to take this role over! Check out these 5 tips for hiring a production manager.
Try Printavo: https://www.printavo.com
We've made it to 2018. Every print shop at least has some social media presence these days. The website may be coming together, but the Facebook Page is up and you might have even discovered the beautiful world of Instagram.
Let's back up real quick. The long and short of it is Facebook owns Instagram. Instagram has more daily users than Twitter and has become the leader in photo sharing.
Okay, what's the difference? Facebook has videos and photo sharing, why in the world would I want to spend all this energy on Instagram?
It's simple.
Instagram takes photo sharing to a deeper and more personal level. More personal than Facebook? Yup, you heard it, more personal, more meaningful.
Instagram is finding more and more daily users because it has not been oversaturated with ads and still uses a "follower" model that allows users to "opt-in" to view your page's photos and videos. Most users have their own personal Instagram and are interacting with others similar to the follower model in Twitter.
Instagram also has the stories feature similar to that of Snapchat. The stories feature allows you to post expiring photos and videos. They're only on your stream for 24 hours. They can even be live. You can poll customers and post "insider" content. This creates avenues for your customers to check in with your business daily, interact, and ultimately engage with you.
We are in the BEST industry for a business to have an Instagram page. You're not an ad agency selling laundry detergent, you are producing art, and delivering it to your customers. Everyone needs something custom made, so your possibilities are endless. Your designs are creative, watching ink through screens is visually stimulating, and what you have is the ability to engage with current and future customers regularly.
Here are a few tips to take your Instagram to new levels.
-----------
Try Printavo: https://www.printavo.com
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Screen Printing Pricing Guide - Let's Really Think Through it
1. Screen Printing Pricing
Guide - Let's Really
Think Through it
Printavo – Simple, online shop management software
www.printavo.com
2. Introduction
If you scour forums or facebook groups, you'll find the number
one question constantly revolving around pricing. Pricing is a
delicate subject for every business owner because it determines
your profit, also known as your livelihood. There are several
different ways to price a job. You can get extremely detailed with
pricing, and take into account factors like your shop overhead,
press time, capacity, impressions, ink colors, garment costs etc.
While you can be extremely scientific, there are a few general
rules that you should follow when you are pricing. We've detailed
a few key points to make pricing easier and smarter.
3. Garment Cost Mark-Up (A-Cost)
- Often referred to as your cost of goods sold, your
garment cost should be marked up by a certain factor.
Industry standards for garment mark up are anywhere
between 150%-200%. You should be making money
initially by bringing in unprinted goods. You should have
a standard mark up that is broken up into three
categories. Your mark up should allow for quantity
breaks, but should also take into account the initial cost
incurred to you for the item.
4. Garment Cost Mark-Up (A-Cost)
- Basic items - Garments that cost you anywhere between $1.00
- $4.00. These are your basic t-shirts or everyday used goods
from your catalogs. These items may have your highest initial
mark up (200%) because they are relatively inexpensive. You
could mark up a basic Gildan t-shirt 2 or 3x before you even
decorate it because it is not unreasonable to ask a customer to
pay $7-10. It is hard to mark up a quarter zip that costs you
$15.00 by 2x because the net total made on the garment
before printing jumps quite a bit. Instead of making a few bucks
on that basic t-shirt, you are making $15.00 by doubling your
cost, before taking into account print pricing.
5. Garment Cost Mark-Up (A-Cost)
- Mid Tier Items - Garments that cost you between $4.00 -
$10.00 might have a less aggressive mark up for the reasons
listed above. These are items like hoodies, zips, or long sleeve
premium items. Remember, you are making marginally more
everytime you mark up on nicer items. You shouldn't sell
yourself short, because the cost of replacing that single item
should still be present to cover you in case of misprints.
6. Garment Cost Mark-Up (A-Cost)
- Premium Items - Garments that cost you $10.00 -$25.00 are
usually higher end items. Jackets, coats, and outerwear might
have a mark up that is slightly lower. Remember, Gildan that
costs $2.00 sells for $7-$10, while a nice quarter zip sells for
$25-$40.
7. Printing Costs (B-Cost)
- Your printing costs should be a direct correlation to your actual
costs and include factors of time, impressions, locations and ink
colors. For those reasons, you should take a few factors into
your pricing and develop a matrix that can quickly calculate it.
- Locations - Printing a 2 color front takes less time than a 1
color front and 1 color back so you should make sure your
pricing includes locations. Every time you have to remove a
garment and replace it on another press, you are essentially
printing 2 shirts once, or one shirt twice.
8. Printing Costs (B-Cost)
- Ink Colors - Printing 1 color is obviously easier than printing 2,
but adding more colors should not follow a linear model. It is
arguably harder to line up, set up, and print a 6 color job than it
is to print a 2 color job. There are more variables, and the job
requires a different skill set. Therefore you should not just
multiply a 1 color impression by 6 and use that price. That
being said the jump from 3-4 might not be marginally harder,
so at some point, your pricing may plateau.
9. Printing Costs (B-Cost)
- Flash - If you are flashing a job, it requires more ink, more time,
and more screens. Therefore a 2 color flash job is much
different than a 2 color non-flash job. In fact, you might even
consider allowing a customer to add more colors for less if you
do not have to flash a job. This is especially important for shops
that print manually because it all comes down to how many
times you have to pull that squeegee and heat up a shirt. On an
automatic job, you will still print slightly slower when flashing.
A good rule of thumb is to add 1 or 2 colors to your pricing
when you have to flash a job or create a separate price matrix
for it.
10. Printing Costs (B-Cost)
- Auto vs. Manual - You might print all your jobs manually, or all
jobs on your auto, but having to do a 4 color flash on 75 pieces
can take you a very long time to print manually. You obviously
want to incentivize your customers to order more goods to
make sure your pricing reflects it. These price breaks can be
distributed when you cross the threshold from manual to auto.
11. Complexity (C-Cost)
- The forgotten cost! You get a customer calling in for 100 shirts.
They tell you over the phone its a 3 color front. You send a
quote, they click approve! You get the artwork and then you
sink into your chair. "Oh, Sh*t." They sent you a Jpeg. They want
a crazy simulated process print. The artwork has to be created
from scratch. You have to print through 300 mesh and
outsource the separations. Panic mode? Price for it. You should
always screen (different type of screen) artwork before you
quote a job because customers simply don't know our industry.
12. Complexity (C-Cost)
- Simple Artwork/Pre-Press - Perhaps you apply a discount of
5% to your pricing or "reduce" ink colors because the artwork
is so easy it hurts. Here is when you want to throw your
customers a deal. The customer has sent you print-ready
artwork and your artists need to spend a fraction of time they
normally do to get it ready for production. You can print this
through 110 mesh and you may already have the artwork on
file. If it makes your life easier; price for it.
13. Complexity (C-Cost)
- Average Artwork/Pre-Press. - Maybe this is your standard
customer experience. Your artists have to do some basic
manipulation. It is not crazy and won't kill you or your team.
Perhaps you use regular pricing because it will include revisions,
a little back and forth, and some artistic talent from your team.
You won't have to solicit help from your fellow screen printers
because this is in your wheelhouse.
14. Complexity (C-Cost)
- CRAZY Artwork/Pre-Press. We have a love-hate relationship
with these jobs. They push our limits and really challenge our
skill set. We know the inner "artists" will come out on these
jobs, but we know they can easily turn into nightmares. These
jobs require a lot of artwork, revisions, and the customer
probably has high expectations. Perhaps you add 1 or 2 colors
to these jobs to account for the added work or bump the price
up by 10%. You want to print spectacular jobs, but you want to
make money doing it. Remember, while you are an artisan and
this is your craft, you are a for-profit business.
15. A + B + C = Your Price
- Pricing has to be unique to your business, and while you may
compare it to other shops, your price is made up because it
takes into account variables in your business. Not your
competitors, not your neighbors, not the online giants; your
business. That being said here is you break it down using a few
pricing matrices.
16. A + B + C = Your Price
- Matrix 1 - Basics - Here is the pricing for your every day and
most commonly ordered good (standard t-shirts). You can
include quantity discounts by reducing the mark up as your
customer orders more goods. You can create a grid that takes
into account ink colors and locations. Your flashes are separate
columns in this situation, and you will apply this mark up to
each print location.
17. A + B + C = Your Price
- Matrix 2 - Middle Tier Pricing - Here is the matrix with the
adjusted mark up with goods that cost you slightly more.
Perhaps you increase your ink color pricing here because the
difficulty to print these goods increases with nicer products.
You can teach your employees to use this matrix when using a
more complex job. It will still include quantity breaks, flashing,
ink colors, locations, and quantity breaks.
18. A + B + C = Your Price
- Matrix 3 - Crazy Pricing - Okay, maybe you don't want to call it
this, but this your "red carpet, first class, Rolls-Royce pricing."
This pricing has an adjusted mark up to account for difficult
goods and harder prints. It still includes flashing and all the
other variables discussed and it can be applied to each location.
19. A + B + C = Your Price
- These pricing matrices will take time, testing, and patience to
get right. With so many thousands of SKUs, products, and
decoration methods, you will have to constantly test and tweak
your pricing until it is perfect. The best exercise is to develop
one pricing calculator and compare it to your jobs so you can
create a working model that best fits your pricing style.