Have you ever wanted to make your living designing and making custom apparel? Starting an embroidery business could be your answer. That’s what Forrest Wedmore did when he started The Foundry, a screen printing and embroidery shop that brings in $3,500/Day.
Forrest started The Foundry Print Shop with a friend, both of whom worked in retail. They saw a demand for an American-made, premium clothing, and seized on that demand to grow their business year after year.
Starting from a small rented space, they’ve now expanded into a 4,000 square foot facility stocked with modern equipment and are on track to double their revenue in the next year.
In today’s interview, we’ll find out how Forrest start and grew his embroidery business. He’ll talk about what equipment you need and how much it costs, along with the ongoing expenses and what kinds of margins you can expect.
We’ll also learn the unique challenges of screen printing and embroidery businesses, how he’s overcome them, and what the future holds for The Foundry.
Anyone wondering how to start an embroidery business of their own needs to watch this video, but Forrest’s advice isn’t just for people in that niche. Creative entrepreneurs of all stripes will want to hear his tips on building a client base and setting yourself up for steady growth.
Word of mouth marketing has been a huge part of their success, and we’ll find out how The Foundry makes sure their customers refer them to friends.
Here's the link to Part 2: • How to Start Screen Pr...
Resources:
www.upflip.com/academy - Start, Build, or Grow Your Business
thefoundryclothing.com - Find Out More About Forrest's Embroidery Business
Timestamps:
0:00 Intro
1:40 About The Foundry
2:32 Initial Budget
3:35 Good Day vs Bad Day
4:09 Equipment Walk-through
4:54 Monthly Expenses
5:43 Profit Margins
6:44 How to Attract Customers
8:13 Screen Room Walk-through
9:44 Employees + The Hiring Process
10:56 Customer Breakdown
11:21 Outro
#embroiderybusiness #embroidery #howtostartanembroiderybusiness
16 июл 2024
