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How to Use MOQs to Budget Smarter & Grow Your Apparel Brand

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Manage episode 480115520 series 3560517
Content provided by Rachel Erickson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rachel Erickson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
How to Use MOQs to Budget Smarter & Grow Your Apparel Brand

In this episode, Rachel is addressing the subject of Minimum Order Quantities (MOQs) and how they can make or break your apparel brand. As one of the most asked-about (and most misunderstood) topics in the industry, Rachel goes over how MOQs impact your production, budget, and growth strategy.

Rachel breaks down exactly what an MOQ is, why it exists, and how to use this number to your advantage when negotiating with manufacturers. She also explores minimum color quantities (MCQs), the connection between MOQs and fabric suppliers, and how to forecast production costs with real-life examples. Plus, you'll learn how to avoid common pitfalls that can cost you thousands. This episode is not to be missed!

In this episode, you’ll hear:

-What MOQs (and MCQs) are and what they really mean for your apparel business.

-How to ask manufacturers the right questions during the sourcing process.

-Why MOQ's impact your profit margin, quality control, and scalability.

-How to forecast production needs and negotiate effectively

-Tips for choosing a factory that can grow with your brand!

Sign up for the Secrets Behind Billion-Dollar Apparel Brands FREE Course here!

We can’t wait to hear what you think of this episode!

Purchase the Business of Apparel Online Course: https://www.thebusinessofapparel.com/course

To connect with Rachel, you can join her LinkedIn community here: LinkedIn.

To visit her website, go to: www.unmarkedstreet.com.

  continue reading

114 episodes

Artwork
iconShare
 
Manage episode 480115520 series 3560517
Content provided by Rachel Erickson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rachel Erickson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
How to Use MOQs to Budget Smarter & Grow Your Apparel Brand

In this episode, Rachel is addressing the subject of Minimum Order Quantities (MOQs) and how they can make or break your apparel brand. As one of the most asked-about (and most misunderstood) topics in the industry, Rachel goes over how MOQs impact your production, budget, and growth strategy.

Rachel breaks down exactly what an MOQ is, why it exists, and how to use this number to your advantage when negotiating with manufacturers. She also explores minimum color quantities (MCQs), the connection between MOQs and fabric suppliers, and how to forecast production costs with real-life examples. Plus, you'll learn how to avoid common pitfalls that can cost you thousands. This episode is not to be missed!

In this episode, you’ll hear:

-What MOQs (and MCQs) are and what they really mean for your apparel business.

-How to ask manufacturers the right questions during the sourcing process.

-Why MOQ's impact your profit margin, quality control, and scalability.

-How to forecast production needs and negotiate effectively

-Tips for choosing a factory that can grow with your brand!

Sign up for the Secrets Behind Billion-Dollar Apparel Brands FREE Course here!

We can’t wait to hear what you think of this episode!

Purchase the Business of Apparel Online Course: https://www.thebusinessofapparel.com/course

To connect with Rachel, you can join her LinkedIn community here: LinkedIn.

To visit her website, go to: www.unmarkedstreet.com.

  continue reading

114 episodes

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