Ricoma Embroidery Machine Pricing
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- Опубліковано 2 жов 2024
- In this video I break down the cost of owning your own embroidery machine vs out sourcing all of your embroidery work.
Ricoma Embroidery Machines
ricoma.com/US/...
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Ricoma Embroidery Machines
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@aka_jerry_m @Dizmajiz @Rawtoons @BrentTab
This is 🔥. I just bought the MT-1501 and waiting for it to come. Thank you bruh!!!!
Just got aproved for mine also. How long did it take for yours to ship?
Breaking down the numbers is the best way to justify equipment purchases for your business. This is great information! Hey just stated watching you vids, excellent!
thanks for finding my channel. i agree, being realistic with your expectations and crunching realistic numbers is the best way to justify business decisions. sometimes im a little too realistic and scare myself out of buying new equipment hahahahahaaa
And if he partners up with another man they can split that 200$ a month cost in half.. network
📠📠📠 thats right!!!
Once again, great info there uce!
My man always dropping some 🔥 knowledge! Thanks for the video!
With no experience using the software and running the machine would it be recommended to start embroidery?
yes. when i got my machine i had NO experience. Ricoma trained me and my crew on how to use the machine in 1 hour.
@@BigBrandoh thanks for the fast reply And all the info you give much appreciated
How do you price you hats, shirts and other items once you start your embroidery business, so that you can make a profit and pay off the machine? Thank you in advance!
my pricing is based on my labor. i would suggest knowing what your time is worth first and then breaking down what your hourly rate is and then break down how long it takes you to complete one hat. then you charge for the blank hat, the thread/foam used and then your labor. thats what i do. everybodys labor will be different and everybodys value is different. i highly suggest knowing your worth and what you value your time at. this will help with finding out your pricing for any service or any product.
Yo, this helped me so much man. Thanks so much! Great insights and knowledge.
Good info but you forgot about the price of material and the electric bill And just like anything else maintenance fees
Mans threw the Electric Bill in there 🙆🏾♂️😂
Why aren’t you paying yourself?
Did I miss the part where you factored in his labor?! YOU HAVE TO GET PAID, therefore you have to factor your labor and other costs into your prices. Your idea is correct but you left out costs for some items, i.e. labor , materials and expenses (utilities and rent). It all adds up! Your example is losing money.
how so? if he makes $150 profit off of the same 20 hats. what is profit to you? if we're talking materials, 1 spool of thread is less than $7 we're talkin pennies for thread per hat in materials. as far as labor. i dont mention anybodys labor cost because i dont control what anybodys value is worth. but to me, selling for retail vs contract printing (stitching or printing for someone else) is two different types of pricing. contract printing is service based. retail printing is product based. knowing the difference is key to pricing and valuing your time. in this video im speaking from a retail based business. he owns a hat brand. he stitches for his own brand and not for others. what he chooses or anybody chooses to price their retail items is up to them. their labor is built into that price. but for rough numbers, if i can do 30+ hats an hour. i charge my client $11 for hat + labor. $330 for 30 hats delivered. $2 for the blank. thats $60 for hat cost. 1 spool of thread $7. $67 all in on mateirals. thats $263 profit for 1 hour worth of work. now in a retail space. 1 hour worth of work 30 hats stitched. $67 in materials but i price my hat for retail at $25 each my profit is now $750 you see how that works? my time and labor is built into my retail price.
@BigBrandoh You are not an embroiderer, you're a motivational speaker 👏🏾 👏🏾. Your guidance & feedback be hittin 🎯💯
@@BigBrandohYou're not accounting for ALL you costs. You'll learn some day. I've been in business for 40 years and I can account for EVERYTHING, so I know if I'm making money or not. You're missing the boat.
Even with a learning curve and possibly messing up a hat or 2 you still make a profit. Also a 1 time digitizing fee is not a deal breaker. Awesome n simple break down!
Thank you I was looking for the numbers review
Can this machine be used for t shirt, beanies, and hats at the same time?
Hey. Great videos. Just one correction. At 6:30 when you were doing the math you wrote 144 but that was for 36 hats. That example was for 20 hats for retail so 20x4 is 80 bucks. Bigger profit. 500-200-80= 220.00
I thought he maintained that there was 36 item minimum 🤔
Price from India money
I really appreciate this video brotha much love
👍🏻👍🏻👍🏻Thanks for that very helpful information
If someone was starting from complete scratch with using an embroidery machine, how steep would you give the learning curve? On a one to 30 scale. You are correct, it is always better to cut out as many middleman as possible. But what if your downtime starts to cost you money because of the learning curve?
And the reason that I am asking that question is because I believe I can do it and I am 100% blind. I design, press, market, and deliver my apparel and other goods that I make.
if your blind, threading the needles might be hard to do. but i had no experience in embroidery and picked it up pretty quick.
@@BigBrandoh OK cool! If that is the hardest part then I am in business. So are you saying that the software or interface is pretty much load up your image and then press the start button? Thanks in advance again if you reply again. I am about to go watch some unboxing videos on the machine.
Thanks for the content and breaking it down, it makes digesting the price point much easier. Keep up the great content I appreciate it!
This was a great video breakdown. The monthly price to lease is always scary but Bro you just broke it down and really encouraged me to reach out to them
Thank you and much success to your business ❤😊🎉
I very much appreciate your videos. Especially this one. Thank you so much for helping out my self and others. I still need to do a little bit more research before I get into embroidery. Again thank you so much, stay blessed, and continue succeeding.
man after seeing your video I'm convinced this is the best way to go about it.... thanks for making these videos a real eye opener. I been debating to buy one or not.
Brother! This really helped me! MUCH❤️!
Where is the best place to get your blank hats?
hit the youtube search bar with "big brandoh hats" all the vids you want will pop up
@@BigBrandoh ahh yeah for the snapbacks. Looking for flex fit Pacific or Richardson types.
Thanks. Greatly appreciated!!
One thing tho. Does he enjoy doing the labor of creating the hats himself?
Nobody likes doing the labor. but everybody likes increasing their profit margins. cant complain about middle man pricing if you dont wanna cut out the middle man. hahaa
It's a great way to provide employment, especially for underserved populations
How much was your ricoma overall?]
Are these too loud for an complex community?
nah man. my machine is running during this video in the room right next to me. you can hear my loud ass AC over the embroidery machine hahahaa.
I been wondering if they would bother a neighbor or kids. But i have a spare room I'd like to set up in.
Thanks for the response always been supportive of the channel. Until next time🙏🏾
Thanks
I’m about to get the 1502
hell yeah! good move...
Gems. Appreciate you!
where can I buy the hat wholesale price?
direct from the manufacturer. any hat blank you wanna use, set up an account and start ordering
@@BigBrandoh which manufacturer would you recommend?Thanks
hit the youtube search bar with "big brandoh hats" all the vids you want will pop up for you
@@BigBrandoh Thanks
Thank you
You have to add in the cost of supplies.
I'd reference the post above ☝🏾 for his opinion on the matter of supplies.
Which Ricoma do you have?
MT-1501
Why ricoma
their customer service was better than all the others.
Thanks Bro I needed this!
So many bottom line expenses not included in that breakdown. Cost of thread, stabilizers, needles, machine upkeep, power bill increase, loss of time and blank when you mess up or machine malfunctions (cause it will happen). I could keep adding to this expense list. I’m not trying to scare people away from it, BUT, Also don’t want to see people getting financially hurt going into such debt, without knowing it IS so MUCH more than just the cost of the machine. Everyone that is an influencer should be giving the good, the bad, & the ugly. I believe in telling people the WHOLE truth so they can make an informed decision that will not hurt them or their family finances. The consumables of the business are what eat up your profit, and we won’t even touch the every time you need a new design digitized or tax concerns. All this while trying to stay competitive on your prices.