The second most commonly asked question in product development is "How much is it going to cost?". Take the guess work out of your product development and make informed decisions up front by tracking everything from the beginning in this template.
This Industry standard Excel document includes two templates (Sheets within the document). The first sheet is a garment costing which keeps track of everything needed to make your product and get it to your door. It is particularly useful to estimate what your costings might be and where you might compromise on fabric, trims etc.
The second sheet is a Retail and wholesale Costing sheet. Once you have your garment price you can enter this and your chosen RRP and it will calculate your suggested price to sell wholesale (based on current industry standards) as well as your profit margin for both RRP and Wholesale. When you enter your RRP it will also work backwards and tell you what your target buy price should be based off your selected profit margin. This sheet is set up for an FOB price in USD but I show you how to adapt to your currency and even use it for CMT or local production.
The whole template is editable allowing you to adapt it to your unique business. Also included is a 10 page guide with visuals to help you navigate both sheets within the document and show you how to use it if you are manufacturing locally, using different currencies and want to change your target profit margin.
This is for you if you want to know your costs, sell prices and margins upfront and stop calculating it when its too late to change.
+ Bundle and save by buying the Fashion Start-up Starter pack, which includes the Critical Path, Costing Sheet and Spec Sheet.
+ After purchase you will be taken to a page to download and also sent the download link via email. Purchase is for one download.
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