Homemade Handbag

Companies often design or create their own fabrics to maintain the essence of their brands and create exactly what they want. I had to make my own striped pattern for a ParsonsxTeenVogue assignment and use it to make the signature bag that I previously designed.

I created the pattern by sewing together strips of various fabric remnants and then taping the fabric to the mockup test version of the bag I’d made out of a poster. In order to do this, I had to keep track of costs and create yet another cost outline to make sure I still had a viable product.

I found that creating my own fabric significantly added to the production time, so I would either have to sell the product on my own (to keep it at the estimated retail price of $47 that the one-fabric designed bag is) or raise the estimated retail price to $90 (see one of my previous blog posts to find out why). The cost outline of the striped bag is posted below.

Various remnants $1.29
Poster board $1
Tape $2
Thread $2
3.5 hours @ $8.50/hr. $29.75
Total cost $36.04
20% profit $7.21
Total cost plus profit $43.25

 

 

 

 

Signature purse

Brands and companies often make products in multiple colors and fabrics to better address the different tastes of their clientele. However, this makes cost analysis take a lot longer as it must be done for each material. I recently did this for a “signature purse” I had to design for my ParsonsxTeenVogue class.

I, first, created a paper version of the bag out of poster board, which was necessary to see what it would look like in real life, determine how much fabric would be needed for it, and to have a pattern at the ready for the start of production.

Then, I found five fabrics that I liked, and determined how much it would cost to make the purse with each one. I ended up picking fabrics that were in a similar price range, so the differences between the costs weren’t that much, but they often can be. For example, Michael Kors makes the same style bag out of nylon that he does out of leather, which leads to dramatically different production costs between the two. As a result, the bags are sold for different prices.

Companies have a choice when these differences happen; they can do as Michael does and sell them at different prices or they can sell them at the same (higher) price. However, if the materials are so obviously of different qualities, the companies risk having less sales as customers may decide it’s not worth it to pay the higher price for the cheaper material.

I chose to keep my purses all at the same price because the differences in production costs were minimal. You can see their cost outlines below with the style number of each fabric used written above their respective charts.

Fabric 1302207:

.25 yards of fabric $3.25
.25 yards of pellon $0.75
Thread $2
(estimated) 1.5 hours @ $8.50/hr. $12.75
Total cost $18.75
20% profit $3.75
Total cost plus profit $22.50
Estimated retail price $47

Fabric 14241582:

.25 yards of fabric $3.25
.25 yards of pellon $0.75
Thread $2
(estimated) 1.5 hours @ $8.50/hr. $12.75
Total cost $18.75
20% profit $3.75
Total cost plus profit $22.50
Estimated retail price $47

Fabric 12950127:

.25 yards of fabric $1.28
.25 yards of pellon $0.75
Thread $2
(estimated) 1.5 hours @ $8.50/hr. $12.75
Total cost $16.78
20% profit $3.36
Total cost plus profit $20.14
Estimated retail price $47

Fabric 13853312:

.25 yards of fabric $2.50
.25 yards of pellon $0.75
Thread $2
(estimated) 1.5 hours @ $8.50/hr. $12.75
Total cost $18.00
20% profit $3.60
Total cost plus profit $21.60
Estimated retail price $47

Fabric 12515920:

.25 yards of fabric $3.75
.25 yards of pellon $0.75
Thread $2
(estimated) 1.5 hours @ $8.50/hr. $12.75
Total cost $19.25
20% profit $3.85
Total cost plus profit $23.10
Estimated retail price $47