How can you kickstart your screen printing business?
The best thing about business is that it is never too late to start. If you are planning to launch a new business or you are considering starting a business for the first time, there are generally many options you can go with. One of the popular choices these days is to open a screen printing Houston Texas business.
A screen printing business basically specializes in printing images on t-shirts and other kinds of clothing. It is versatile enough to operate like a business, whether online or via a traditional store. But just like any other business, knowing what the first steps should be is a must for the screen printing business as well.
Let us take a look at how you can kickstart a screen printing business.
The cost
For any business in general and custom tees Houston in particular, the first thing you need to consider is the cost. However, this business idea is one of the inexpensive ventures.
The specialist printer that you may want is around $10,000 or even less. Other than that, the rest of the resources you will be looking for will come to $5000. It is not a necessity to lease a distinct facility for such a business since it can be operated from the comfort of your home. Rather, you can go ahead and spend that $500 on a good website, and if you can, you should set aside a budget for advertising.
Running costs
The wholesale expense for shirts is around $24.00 per doz for 100% heavy-weight cotton t-shirts. Price changes based on how many you purchase at a time.
You will spend approximately $1.50 worth of supplies for screen printing to make a screen. The process of screen making is way quicker if you get them ready ahead of their time so they are ready to go when any order arrives.
The target market
While consumers of all demographics can purchase screen-printed t-shirts, the target market for any company should generally be males between the ages of 15 and 25. Such a demographic has a more social side, and they enjoy custom t-shirts to express their interest and notice new folks that they meet.
Entrepreneurs
When it comes to entrepreneurs, you can be assured that they are the driven visionaries of the screen printing world. They are the individuals who will leap from a plane, and on the way down, they will build a parachute.
While there are some entrepreneurs who start as printers or artists, they are always anticipated to grow the company and serve their customers. Generally, they come in various interests and types, and you don’t necessarily have to be a salesman to become an entrepreneur.
Charging your customers
How much you are charging or plan to charge your consumers depends on many factors, such as the amount of t-shirts, the colour of t-shirts, and how quickly the consumers need them. For example, you can charge about $9 to print a single-color shirt. However, for the same customer, if they place an order over 100 items, you can reduce the charges to $6 a piece. For any customer who is ordering a shirt of six colours, you would most certainly charge between $12-14 for the shirt, as low as $8 if they are purchasing 100 items.
Profit margin
The amount of profit you can make totally depends on the number of orders and clients you get every year. There are many successful screen printers that make a revenue of at least $ 100,000 every year. There are others who earn more by accumulating a large number of clients who are required to buy shirts in quantity regularly.
Let’s be honest: at the very beginning, your earnings will be on the lower side. However, since you can run this organization from home, you can begin this journey as a second job and develop the brand reputation and image prior to making it your only stream of cash.
Franchising
Basically, a franchise is a kind of business that has already built its reputation and business processes. They allow the owners to purchase the right to utilize an organization’s branding and procedure in exchange for a licensing fee and a revenue percentage.
These franchises also assist you with aspects like sales, marketing, and equipment sourcing. In addition to starting screen printing as your second job, you also have the option to go with franchising.
Wrapping Up
For any business, you need a foolproof plan that covers all the necessary steps before you launch the business as well as giving you the map to carry out your day-to-day operations. For the screen printing business, it is no different. While it is true that, to a large extent, you have less work than other sectors, you still need to come up with a solid plan that covers A to Z from planning to execution. You can trust Rush T Shirt Printing Houston for custom T-shirt screen printing, embroidery on hats, T-shirts, and jackets, as well as creating banners and signs.
