Hope its okay to post this here...
As a newbie its brain melting trying to utilise a pricing strategy when you have no history to look back on in order to estimate sales per month/year which is a variable of most strategies. I realised that the only way for my to determine an amount or at least get a general idea is to hope that people would be kind enough to share their experience and offer realistic starting points.
If you are willing to share it would be much appreciated.
P.s. on an even more amateurish note; when pricing a product do you assume that that product is the only product you sell? E.g. you offer multiple options, subli, vinyl, screen print, but do you only consider how many subli garments you would have to sell to break even regardless of other sales? (Hope that makes sense!) And when factoring in over heads such as bills, do you include the full bill amount of just the certain amount the production process uses? E.g. the heat press is on for x amount of time and costs x amount per kwh.
Hope you guys can help!
Thanks in advance.