How to Use MOQs to Budget Smarter & Grow Your Apparel Brand
Manage episode 480115520 series 3560517
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.
114 episodes