Meghan asks an interesting question:
In response to your posting How much can you make the first year? I have a counter question — How much can you spend in the first year? More specifically, how much would be an average amount of money to spend coming up with 6-10 samples to bring to market (leaving production costs for later)? And to be more specific, I’m talking about samples of women’s apparel (shirts, pants, skirts, dresses). I just thought I’d throw that out there since not much attention is given to start-up costs first getting into the business.
I figure you guys will have a field day with this one. Try to limit your comments to the range of costs particular to product development rather than the cost of goods which can vary greatly.