Forum menu

Anyone here created a 'barnd' and sold enough stuff to make money from it?

WorldClassAccident · 2022-09-24T22:13:10Z

I thought I might use my spare time to create a new brand and see if it can be successful, I mean, how hard can it be to become the next Gucci or Armani? With the focus on brand rather than having to create a genuine 'new thing' it seems fairly straightforward but maybe you lot can tell ne different. 1) Find some money and register a company 2) Choose a brand name and copyright it ~£1,000 for the UK or £30,000 worldwide(ish) 3) Find a supplier to make the product with your brand name/theme/ethos 4) Set up a website to sell stuff 5) Make the world think your brand is the coolest/most exclusive/most desirable 6) Take the orders and get your suppliers to ship to the customers 7) Sit back and count the cash For the sake of this discussion I will pick 'handbags, luggage and travel accessories' as the product range. There are loads of high quality and relatively niche producers and the products, once taken to a reasonably standard are all going to do the basic task so it just becomes about the brand. A quick bit of man maths says £30K copyright, £10K set up for website and supplier agreements etc plus £10K miscellaneous means it is a £50,000 gamble. 80% profit on product seems average for this kind of stuff so assuming a 70:30 split between £500 and £1000 products puts me in profit after 100 items. Yes, time and marketing costs need adding in but that can be done with small high impact things focussed on specific groups relatively cheaply. A) Anyone tried this? B) Anyone going to tell me what I actually need to do? C) Anyone going to suggest where this masterplan may fall down?

Page 2 / 2 Prev

bigyan

Posts: 1728

Free Member

TBH I reckon you could make a small sum from a Brand called ‘barnd’ WCA, just saying it out loud sends me all west country, you’ve got the not so interesting back story with the whole “I was typing the word ‘brand’ while pissed one evening” angle, people love those sort of mundane tales from the internet.

That is a very good point, a lot of people on here would probably buy "world class accident" T shirts, maybe you have been building your brand awareness without even realising it.

Posted : 25/09/2022 9:27 pm

Page 2 / 2 Prev