081 – What Affects a Garment’s Cost Price?

Why do two similar looking items often cost totally different prices, even in the same shop? A lot of it is to do with the cost price of the product. Yet so many different factors can affect that cost price.This episode runs through all of the different things that can make the difference to what a product costs - and how that can affect the final retail price.Here's my checklist of factors that can affect a garment's cost price:Country of manufactureRaw materials usedQuantity of fabric usedAmount of time it takes to makeThe processes involvedSkill of the person needed to make itCost of any specialist machinery neededThe quantity orderedPackaging costsWatch the clip from SuperShoppersStay in TouchBritish Brand Accelerator - Find out how you can work with me to build your British-made brandMake it British websiteJoin Make it British - become a member of our community and promote your business in our directory or UK-made brands and manufacturersMake it British on InstagramMake it British on YouTube - subscribe to my YouTube channel to watch many of the podcast episodes as videos.