Huhhh. 🫣……
OK….. I am being a little dramatic!!! 🤣
BUT the reality is that you can no longer rely SOLELY on social media marketing if you want to avoid an empty order book!
According to McKinsey & Company BRAND MARKETING is back!!
They said in their annual State of Fashion report that [in 2024] 71 percent of executives plan to spend more on brand marketing than in 2023.
So what does this mean for you as an independent fashion designer….
It means that brand marketing is more relevant in 2024 and you cannot be AS dependent on Instagram!!
You need both social media AND brand marketing!
In 2024 your Instagram, other social media marketing and Facebook (Meta) ads demand more raw authenticity than ever…. and your content needs to be turbocharged to create an emotional connection if you want to drive people to eventually become a customer.
A HUGE mistake I see hundreds of ...
Most fashion designers, when pricing their garments and products, will follow a percentage mark-up method which should ideally leave them with a workable profit margin.
However it’s never that simple because some customers don’t care what your make price is, the pricing method used or even how much profit you made. They just want the BEST! ….
Some want the cheapest but some customers want the BEST; the most durable; lowest cost per wear; the most timeless or some want the best fit.
Of course it’s understandable that you use the percentage mark up method because it’s what you’ve been taught to do and it is the simplest way to approach pricing…..
But I don’t need to tell you that when your garments are priced like this you STILL get people telling you the price is too high! … and thousands of designers all over the planet use this method and STILL can’t sell enough to make a profit.
The popcorn you buy at the movies has a mark-up of around 1,000%. You happ...
If all independent Fashion Designers get behind a new concept we could create a paradigm shift in the fashion industry, making it much easier for small creative fashion designers to thrive alongside the big brands.
I call this concept LUXIE. Luxie is a hybrid concept where big LUXURY brands collaborate with small INDIE designers.
When I started my business in the 90’s consumers wanted big brand labels so it was a struggle and that’s why I want to make it easier for independent designers to thrive in a much more even playing field without the struggles we experienced.
For the first time in at least 40 years more consumers now actually do want to buy from small independents and at long last realise that it is cool to buy more authentic, unique products produced in small quantities and to have a real connection with the designer.
I think the large luxury brands could risk becoming dinosaurs if they don’t adapt and the most obvious solution is for them to work with, spon...
As a fashion brand startup or emerging designer, trying to compete with the big brands when pricing your fashion products is preventing you from making any profits and growing your business to the next level.
I get it…. All your friends are telling you that Zara or River Island sell similar pieces for a fraction of what you’re charging .…. But are your friends your customers?
Trying to keep your prices similar to the big brands could just be your reptilian brain trying to keep you small and safe..... You might be thinking that if you keep your prices low people won't criticise, reject or judge your designs.
But, they are going to judge them any way..... and wouldn't you rather your designs were judged for being high quality & high price that allow you to grow a profitable business instead of being judged as poor quality & low price where you can't make any profit.
This fear also shows up in your marketing when you hold yourself back from EFFECTIVELY communicati...
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