Recently, I was working with one of my Lifetime Students that was not sure how to price her embroidery. She had the misconception that the proven embroidery pricing program that I have created was not for her. She was a home embroiderer and thought that this program and the way that I teach you was only for big businesses! I was shocked! Do you feel like learning how to price your embroidery correctly seems to be too difficult or more advanced than what you feel you are ready for?
If that is the case, let me simplify this! Pricing your embroidery correctly, so that you can make a profit and not work quite so hard is comprised of 7 basic things.
- How much money you need to be bringing in every single day and then each hour of the day to pay all of the bills and give yourself a salary=Cost per hour
- Break this cost down into minutes
- How long each process in your business takes in minutes
- Knowing how much each process costs based on your minutes cost=Cost per process
- How long it takes to complete a job, from start to finish.
- What was that total cost?
- How much do you want to mark up your cost? (Min. 25%, I highly recommend 50 to 100% depending on the type of customer)
Basically, that is the total formula. Now that being said, it does not matter how long you have been in business, at what level of business you are, how many embroidery heads you have, whether you work from home or have a storefront, whether you have employees or not, whether you paid cash for your machine or borrowed the money. None of that matters. It all works the same.
Learning to price your embroidery is not difficult, but pricing must be done correctly so that you can in fact make a profit. but you may need some guidance in your circumstances to make it easier.
To make it easy, go to https://howtopriceembroidery.com. This simple program that will help you get your pricing together very easily. All you have to do is add your expenses and it will create your price list for you! Go to: https://HowToPriceEmbroidery.com You will be glad you checked it out!