Hey guys!
After a loooong dropshipping break, I decided to start a new online venture with a friend of mine who is a designer. We chose a good niche and decided to go through with it soon enough.
I'm taking care of marketing and business side while he will be the creative force and design t-shirts which we will sell through Print-On-Demand service (POD).
However, one thing I'm always hesitant about is setting the right price so the profit margin is high but still having a product that's going to sell.
I know that we could go premium and make money there but what's the ideal profit margin per t-shirt in your opinion?
Thanks so much for taking time to answer!
After a loooong dropshipping break, I decided to start a new online venture with a friend of mine who is a designer. We chose a good niche and decided to go through with it soon enough.
I'm taking care of marketing and business side while he will be the creative force and design t-shirts which we will sell through Print-On-Demand service (POD).
However, one thing I'm always hesitant about is setting the right price so the profit margin is high but still having a product that's going to sell.
I know that we could go premium and make money there but what's the ideal profit margin per t-shirt in your opinion?
Thanks so much for taking time to answer!