Tuesday, April 21, 2009
Getting creative with funding
I hit a big wall lately with being able to afford to produce every single color and pattern of my clothing (not to mention my new styles)! As a designer this is incredibly frustrating because I know I can sell my stuff, but I need to get it out there! I am sure other businesses face these same issues and some bring in investors or a partner but I wanted to keep Bubele all under my control for now. I am still looking into the possibility of looking for more of a partner who invests rather than an investor who just wants to see a big return. I want to keep my prices low while maintaining high quality.
So, I have decided to take funding into my own hands. For over a year I have been sewing cloth diapers and more recently decided to sell off cloth diapers with the tons of stock fabric I have here on ebay. Well, I wasn't making very much off of each one I sewed because I just wanted to get rid of all this material! After most of the material was used up, I decided to run a production of the cloth diapers using left over materials so that I could sell them at discounted prices on ebay.
My plan: 600 cloth diapers just finished production and are on their way to me (50 were sent by express so I have them now to sell). So, these 550 are due in May 20th and I am preselling so that as soon as they come in, I can ship them out to customers and pay for my large shipping bill :)
These profits from the 600 diapers will go towards producing 1200 more diapers, but with custom colors this time around! These will retail and wholesale. I also plan on selling some to my ebay mamas who continue to support me! Thanks ladies!
By doing larger production runs and selling in bulk, I plan on funding my Bubele clothing. It's a long winded way of securing funds, but I refuse to give up on my dream!
To celebrate the introduction of my Bubele Bums Cloth Diapers, I am giving away one free diaper (stuffer not included). To enter do one of the following (or all to receive more chances to win):
1. Leave a comment
2. Tweet and send me the link
3. Follow me on twitter
4. Blog about it and send me the link
5. Face book about it and send me the link
6. Follow my blog
The give away will end on Friday at 12 AM EST. The winner will be chosen by random.org and will be announced Saturday. Make sure you leave your name and email somewhere so I can contact you! :)