Fashion and personal expression are both hugely important to people, so starting a business printing custom t-shirts might sound like the ideal thing to do – after all, these t-shirts combine fashion and self-expression, and they’re likely to be popular because of that. However, it’s not enough just to start a custom t-shirt business and sell a handful of products each week if you want it to be a success, which is why you need to look at all the different ways you can to make as much profit as possible. Read on to find out more.
High-Quality Designs And Printing
The basic element of any t-shirt printing business has to lie in the quality of the designs and the printing. If these things are no good, not many people – or any people – are going to buy them because who wants a substandard t-shirt when they can buy a great quality one from another site?
If you’ve got the skills yourself to create some fantastically unique and eye-catching designs, that’s definitely something you’ll need to do, but if not, it might be worth outsourcing this element to someone else. It’s true you’ll lose some money by doing this, but if the quality is good, you’ll probably end up selling more as a result, so it won’t be a loss after all.
Diversify Your Product Range
While t-shirts are sure to stay at the heart of your business as your core product, if you want to boost your profits, diversifying your product range has to be the right thing to do. Consider offering other items like hoodies, hats, and jackets, for example, and you’ll sell more – narrowing your offerings down to just one item, no matter how great your t-shirts are, is sure to narrow your profits too.
Look for good quality wholesale blank clothing so you know you’ve got a good source of reputable clothes to print on and start advertising your new range. Not only will the people who bought your t-shirts be interested as they might be able to get matching accessories, but people who don’t want to buy t-shirts yet love your designs will finally have something for them. In either case, your profits should increase.
Getting your pricing right for your custom t-shirts isn’t easy, and it’s often like a balancing act because you’ll want to make a profit, but you don’t want to price things so high that no one will buy them.
The first thing to do is research your competitors so you can understand what their prices are like, and you don’t price well over or under that level. Then you’ll need to make sure you’ve accounted for all your production costs, from the design and printing to the cost of packaging. Once you know that, you can work out exactly how to price your products so you make as much profit as possible without being so expensive people decide to shop elsewhere. And don’t forget about sales either; running a seasonal sale once in a while can be a good way to drum up interest and profits.