When you are in the business of selling hoodies, it’s important to set a goal for your profit margin. You should aim for a profit margin of at least 50% to 70% for each hoodie.This percentage is really important. You know why? It decides how much you can earn from each hoodie sale. But first, you gotta cover all the costs for making the hoodie.
If a hoodie costs you $20 to produce, you should sell it for at least $40 – $50. Only in this way can you make a decent profit. This is after you consider other business expenses such as shipping, marketing, and store rent.
For high – quality custom apparel like hoodies, price points of $30 – $60 per hoodie are common. Custom hoodies usually have special designs or better materials. They are worth more than regular ones, customers willing to buy custom apparel often don’t mind paying more. They like something unique that can show their style or personality.
However, there are also some customers who are more price – sensitive. They do mind paying a high price for custom apparel. These customers usually look for suppliers like Shengge that can offer relatively low – priced products with decent quality. They think it’s a smarter choice to get good value for their money. For them, having a unique design is nice, but not at the expense of a big hole in their wallet. So they are always on the hunt for options that balance cost and quality.
