Re: The ever popular pricing questions ...
- From: "w_boyce" <w_boyce@xxxxxxxxxxx>
- Date: Wed, 2 Nov 2005 18:36:27 -0600
I got a lot out of books by Michael E. Gerber, like "The E-Myth Revisited"
and others. His link:
http://www.e-myth.com/corporate/meg.htm
Kathleen Fasanella's book on the rag trade is enlightening as well, giving
great encouragement to designer-manufacturers. (The Entrepreneur's Guide to
Sewn Product Manufacturing)
Gerber makes an important distinction between creating a sole proprietorship
JOB sewing and having a sewing BUSINESS, which is very different especially
as far as job burnout is concerned.
JPBill
"Ward" <ward@xxxxxxxx> wrote in message
news:ed464$436906e5$d1cc50c2$20940@xxxxxxxxxxxxxxxxxxxxxxxxxxxx
> Hello All,
>
> I am a complete newbie to sewing as a business. It is something that I
> have always wanted to do and finally have both the time and the cash to
> start. I want to do this correctly from the start. That was the plan
> anyway. What really happened is that I about a month ago I opened my
> mouth to a few people and they started coming at me left and right. I can
> already tell by the volume of requests I am receiving that I am not
> charging correctly.
>
> After approaching the problem from an financial point of view, and being
> completely honest with how much it will cost to support myself, I find
> that I need to earn $41,600 a year which comes out to $20.00 an hour
> based on a 40 hour work week with most of that money going to outrageous
> health insurance coverage. If I went back to a 9 - 5 office job
> (semi-retired now) in my neck-of-woods I'd make between $32000 & $37000 a
> year with company paid medical. I have not uncovered any method to
> determine if the $41K figure is even possible, but I'm working on it.
> It's crunch time. Either I find a way to earn a living sewing or I go
> back to the office, something I dread. What do you think of "The Small
> Office Survival Kit for Custom Clothiers"? It's expensive at $199.00 for
> the General Dressmaking Package and I'm not quite sure from the website
> how the kit works. On the flip side of that is "Pricing Without Fear" by
> Barbara Wright Sykes for $19.95 on Amazon.com. This book is advertised in
> the back of "The Business of Sewing Volume 1".
>
> The concept of sewing as a business is so new to me that I have not
> narrowed down a specific type of sewing to do, and I'm not sure I want to
> narrow the choices. I like diversity. Right now I have a couple pairs of
> pants that need hems shortened, a flower girl dress in the making, and
> Civil War Reenactment clothing in need of repair. The Reenactment folks
> seem to be the most willing to pay for sewing services. Gettysburg PA is
> 3 1/2 hours from this area yet local people involved with reenactments are
> willing to travel that distance for fittings which tells me they are very
> serious about well made period clothing. I found online costume classes
> at farthingales.on.ca/costume.html. I already have catalogs from Past
> Patterns in my little library. All in all, not a bad start, but the
> pricing issue remains a mystery to me. Can anyone help?
>
> Thanks for listening,
> Liz W.
>
.
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