how much profit do clothing brands ACTUALLY make?

[GoodsideHQ]

Another gem Dave! You forgot to mention taxes. I'd love for you to share where your business is registered. Makes a big difference if it's Hong Kong vs the USA

[CryptoFin]

literally have that same exact shirt. Also, the HDR footage from iPhone appears extremely bright on YouTube, so much so that you lose some color. I've found non-hdr footage performs better when uploaded to youtube. Great vid though!

[MrBananapeel]

Would love for you to go over a video covering taxes, accounting, finding the right accountant. Softwares you use to keep track of finances !

[theadamsof]

Thanks for the high quality bro, short & to the point, no bs, love that p

[ottoward]

Love how straight forward your videos are. Thanks for sharing !!

[kimphan]

Love your content man, providing quality knowledge with no gimmicks!

[AdamTyrrell-kz]

Hi Dave, just want to say thank you for all your content. Please keep it coming!

[shmenged]

that would be sweet to learn what makes a clothing brand sell-able. thanks bro doing great work! :)

[patrykfudali]

ANOTHER ONE!💎What would you say the marketing budget should be for new brands? I'm a digital marketing manager myself so I can take care of photoshoots, creating content, building a website and social media etc. More so budget for ads & influencer collaborations to get the name out in the beginning stages?

[biggest]

Ive been running a fashion business for 2 years now, spending around 2K day on ads, I operate at 2.7 monthly MER on average. The reality is that it’s very hard these days to convince a customer to come back to your shop given how bombarded they are with ads from other stores. Just my 2c.
Also my net profit is around 20% after all expenses (before my salary)
Keep it up! Cheers 🎉

[beamscythe]

interesting video, im looking at bape's refund policy and on their site it says all sales final no refunds

[homerolv]

How often are clothing brands actually exited?

[teknarm]

Love the video, very informative! But is a 2x multiple accurate? I’ve typically heard higher when valuing businesses

[Paul-qkwr]

Can you do a video on the importance of country of origin manufacturing? E.g. Italy/Portugal vs Vietnam and Bangladesh.

[sosafredo]

I love my brand but I’m already planning to branching out nd become creative director for other brands/businesses in the future

[MrBananapeel]

Great video Dave…. Exiting for 2x multiple sounds a bit low. I’ve heard that a 5-10x multiple exit is considered reasonable in some cases.

[trollingfennec]

how did you find your brand name and how did you figure out no one else had it

[welly]

How many percent gross margin per product can be considered healthy and good?

[reubenplayz]

IS there anyway to acees the sheets/notes you use in your videos

[rayd]

this was very helpful! But wondering why do people exit besides selling it for a multiple? If you have a business making $10k-20k p month profit on autopilot, that is way more that enough to live a comfortable life. I guess from my perspective as a younger person I'd rather not sell it, but if I was about to retire or sum then yea I'd sell it for a multiple and live it up