Parsons Teen Vogue: My Product

For the Final product challenge of Understanding Fashion Production course of Parsons Teen Vogue Fashion Industry Essentials Certified Program I am given the assignment to build my own product that is to bring the mock up bag that I made in the previous section in to life. In this task I am allowed to use any construction method with the large enough piece of striped fabric to produce a sample of my mock up. I am also given the task of calculating my production costs and profit of making the bag and finding out about the estimated retail price, which can be done by asking a friend to tell me what would they pay for the bag and therefore he or she should come up with estimated price. In the end I should comment on what I learned from this task.

So, here is a table describing what I have used to make my striped tote bag:

My Product: Striped Tote Bag
Stripe Fabric (1/2 Yard)	10
Ribbon	3
Dangling Stone	1
0.20 Hours @15	3
Total Production Cost	17
30% Profit	5.1
Total cost Plus Profit	22.1
Estimated Retail Price	30

Above table shows the list of prices for the items that I used for making my product, the stripe  tote bag. I multiplied the amount of time it took me to finish making the bag (2 hours) by the amount I expect to be paid per hour if I worked for retail store, which is my total wage expected.Therefore the total cost is all the materials cost plus the wage, $17.  I also assumed that I would be making 30% profit by selling striped tote bag. Therefore I multiplied the total production cost by 30% to find out my total profit, $5.1. My total cost plus profit is higher ($22.1) than my expected wage of $15. However the estimated retail price which I have found by asking a fashion forward friend is much higher, $30. Therefore my friend thinks this item can be sold at a much higher price of $30. Therefore every time I sell each of this striped tote bag would give me a profit of $7.9.

Here is a picture of my striped tote bag. I would love to hear your estimated retail price, therefore the amount you would like to pay for the striped tote bag.

Best thing about making the striped tote bag was to look for beautiful fabric in the fabric store and I came across this dangling stone at the store and thought of attaching it on the handle.

"Your product" section of Understanding fashion Production  is important to use your creative side and bring out the best from your understanding of craft and design. It is helpful both in developing your crafting skill and in calculating your production costs and profit of your business.

If you are excited of doing this Parsons Teen Vogue certificate program and want to learn about Understanding Fashion Production course enroll in Parsons Teen Vogue now.

http://enroll-teenvogue.parsons.edu/online-fashion-courses/

Parsons Teen Vogue: My MockUp

As I am learning various interesting production techniques in my online certificate program "Fashion Industry Essentials" by Parsons Teen Vogue I am also able to learn new stuffs like making a mock up of a bag and fastening the bag with various items. In short this course is also helping to build my knowledge about crafts and design. So, today's assignment by Parsons Teen Vogue is to create a bag using light card stock, muslin or any kind of fabric. Then after creating the bag I must calculate my cost of total raw materials used, total wages (hours multiplied by estimated profit) production cost, profit and therefore determine an estimated retail price, which can be done by asking a friend to tell me what would they pay for the bag and therefore he or she should come up with estimated price.

So, here is a table describing what I have used to make my mock up tote bag.

Mock Up Of My Bag
Light Card Stock	2.50
Rubber Bands	2
Glue Stick	1
Stapler Pins	0.5
0.20 Hours @ 10	2
Total Production Cost	8
30% Profit	2.4
Total cost Plus Profit	10.4
Estimated Retail Price	22

Above table shows the list of prices for the items that I used for making mock up tote bag. I multiplied the amount of time it took me to finish making the bag (2 hours) by the amount I expect to be paid per hour if I worked for retail store, which is my total wage expected.Therefore the total cost is all the materials cost plus the wage, $8.  I also assumed that I would be making 30% profit by selling the mock tote bag. Therefore I multiplied the total production cost by 30% to find out my total profit, $2.4. My total cost plus profit is higher ($10.4) than my expected wage of $10. However the estimated retail price which I have found by asking a fashion forward friend is much higher, $22. Therefore my friend thinks this item can be sold at a much higher price of $22. Therefore every time I sell each of this tote bag would give me a profit of $11.6.

Here is a picture of my mock up tote bag. I would love to hear your estimated retail price, therefore the amount you would like to pay for the tote bag.

The mock up section of parsons Teen Vogue gave me the opportunity not only to learn about production cost of fashion business but also to understand the most crucial part: the designing of a product. Without learning how to design a product, understanding the production cost of any business would be a difficult task.

Parsons Teen Vogue: Production Standards

As I am doing the Parsons Teen Vogue Fashion Industry Essentials certificate program I have to make various research trip. Today I am given the task to go to clothing retailer that carries different brands. I am given the task to try on different items and choose the best that fits. Then I should try on identical items for example in my case printed pants from different brands and write a blog post about the number and sizes of identical items of different brands that fits. Here I am given the task to write a blog post on the number of different sizes of the identical item that fits the best.

Since I am back in Bangladesh I went to a thrifty clothing retailer called Spark Gear which carries different brands including H&M, Zara, Marks And Spencer etc.

I have worn different items in the store and decided to do a blog post about the item that not only fits the best but looks great on me: Printed Pants. 

There were 10 Printed Pants from various brands in that store only 2 fits me the best. One is UK size 10 (Charles Voglele ) and the other is UK size 8 (Marks And Spencer).

What I learned from my research trip to Spark Gear is that different brands have different sizes and not all the brands follow the UK size chart, there are USA and Euro size charts as well. Moreover some brands have size 8 as the medium while others have it as large. 

If you are excited of doing this Parsons Teen Vogue certificate program and want to learn about production standards and how it is viewed in fashion industry then enroll in Parsons Teen Vogue now.

http://enroll-teenvogue.parsons.edu/online-fashion-courses/