Silk Pocket Square: $15.00
Ribbon: $5.00
.35 hours @ $15= $5,25
Total production cost $25.25
$5.05= 20% Profit
Total cost plus profit: $30.30
Estimated retail price:
$35
While taking a step back from the product, and really realizing
the quality, I would like to use, and then making sure the product would have a
significant price point is eye opening. I want to use silk, but as it is a
pricier fabric, that is also a challenge. The production is the easiest part-
and I found that the main price point would be the total cost of the materials.
It is also a new way to think about how small that actual 20% profit is. While
$5.05 is not a lot per product per profit, if you market the product well, you
can see an increase with sales and that small 20% profit will increase in time.
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