Planning the Product Range: Building Product Range

If you’re a classification business like a denim business, you may have one fit of jeans. However, you need to have that in different colors and washers and probably different fabric weights. That’s planning a range with the same items made with various components, different stretch levels, and for different end-users.
One may be white denim, another black denim. While you may have the same item or product, you’ve created it in different ways, ensuring that the client doesn’t pick between them. Essentially, a client might say, “Today, I want a pair of white jeans because it’s July and it’s summer, and that’s what I wanna wear.” They’ll buy the white jean, wear them, and probably say, “Wow, the fit is fantastic. I’ll go back, get the black jean, raw denim, and the stretch because I love them.” You’ve had successful range planning with this approach because you’ve enabled the consumer to get into your product. The client has also seen the opportunity to buy more of that product to complete their wardrobe.
We all have a pyramid in our closets. At the pyramid’s bottom, we have most of our basic stuff. T-shirts, jeans, or a ton of sneakers. Mostly, these are things that you use every day. The next layer has things that are a little nicer, preferably clothes for work. Or probably when you go on a date or dinner with your loved one. At the top of the line, you’ll probably have suits or tuxedos or high fashion items that you don’t wear often. In that sense, you should develop your line similarly.
What are the basic things you want to sell? Well, you want to sell a great tee. How many colors do you need? You probably need four or five colors in a great tee to have some assortment of it. Then, you probably need a polo rugby shirt with some embroidery on it. That’s a little bit of fashion, so you might need three different colors.
While building your product line, focus first on the price points. The more expensive things are, the less of it you should do. If you find a beautiful jacket that’ll cost a lot of money, you probably only need one of these. Because you won’t sell a lot of them. But in essence, you still need somewhat of a collection because no buyer will buy everything you do.