Advice for setting up a business-Young Entreprenuer in Need!
Posted: Wed Oct 29, 2008 11:10 pm
Hello, I posted this same topic in another thread, but no one answered it so i thought this would be a more suitable place for it.
Hi. I am a 13 year old who started screenprinting during the summer. You may have seen some of my questions on the forum--but anyway, I finally got the hang of screenprinting and I am still learning A LOT. I started a clothing company...the kids at my school seemed to really like the shirts I wore to school and they didn't believe that I screenprinted them myself.
When I started selling them, they were ten dollars, and they got a lot for the 10 dollars, a shirt, some stickers, etc. I have more and more orders and it is a little hard to keep track of $150 in my backpack. My dad is always telling me that when the shirt costs about 5 dollars to make, 100% profit is not enough, I would charge more, but I don't think the kids will buy if they are 15 or 20 dollars.
Does anyone have any advice on how to set my business up and keep it alive? Help is appreciated.
Update: I already have 3 screens with designs on them that everyone likes. Even teachers are interested. I am still having trouble with pricing and also the issue about conducting all business at school. I'm expecting more orders tomorrow, and I have to bring two orders to school. Business is pretty good.
Yonatan
Hi. I am a 13 year old who started screenprinting during the summer. You may have seen some of my questions on the forum--but anyway, I finally got the hang of screenprinting and I am still learning A LOT. I started a clothing company...the kids at my school seemed to really like the shirts I wore to school and they didn't believe that I screenprinted them myself.
When I started selling them, they were ten dollars, and they got a lot for the 10 dollars, a shirt, some stickers, etc. I have more and more orders and it is a little hard to keep track of $150 in my backpack. My dad is always telling me that when the shirt costs about 5 dollars to make, 100% profit is not enough, I would charge more, but I don't think the kids will buy if they are 15 or 20 dollars.
Does anyone have any advice on how to set my business up and keep it alive? Help is appreciated.
Update: I already have 3 screens with designs on them that everyone likes. Even teachers are interested. I am still having trouble with pricing and also the issue about conducting all business at school. I'm expecting more orders tomorrow, and I have to bring two orders to school. Business is pretty good.
Yonatan