P4
A) Budget:
For my product designs, I would hire a professional graphic designer to design them, which would cost anywhere from £75 to £150 an hour. I would also need to research the target audience. To hire a research team, it would cost me £700 to £1,500 per day depending on what kind of research I would need to do. If I hired my designer for a week it would cost me £6000. The research team would cost £10,500, In total £16,500.
Following on, I would need to print the product designs. To produce a vinyl record, it can cost anywhere from £150 – £230 per side, (£300 – £460 per record) depending on the size of the album. A 24" x 36" poster roughly costs £45 per poster. A good quality cotton t-shirt on average costs around £7. The posters will be put up at bus stops, train stations, outside shops and anywhere you would expect to see advertisements. the average billboard will cost around £200 a week and a bus stop could cost about £300 for 2 weeks. To advertise in a high street, it would cost around £230 for 2 weeks.
If I were to make 500 vinyls, at the cheapest it would cost me £150,000. To make 500 t-shirts, it would cost £3,500 and to print 500 posters, it would be £22,500. Overall, to print my products, it would cost me £41,000.
B) Production:
C) Legal and Ethical Issues:
For my product designs, I would hire a professional graphic designer to design them, which would cost anywhere from £75 to £150 an hour. I would also need to research the target audience. To hire a research team, it would cost me £700 to £1,500 per day depending on what kind of research I would need to do. If I hired my designer for a week it would cost me £6000. The research team would cost £10,500, In total £16,500.
Following on, I would need to print the product designs. To produce a vinyl record, it can cost anywhere from £150 – £230 per side, (£300 – £460 per record) depending on the size of the album. A 24" x 36" poster roughly costs £45 per poster. A good quality cotton t-shirt on average costs around £7. The posters will be put up at bus stops, train stations, outside shops and anywhere you would expect to see advertisements. the average billboard will cost around £200 a week and a bus stop could cost about £300 for 2 weeks. To advertise in a high street, it would cost around £230 for 2 weeks.
If I were to make 500 vinyls, at the cheapest it would cost me £150,000. To make 500 t-shirts, it would cost £3,500 and to print 500 posters, it would be £22,500. Overall, to print my products, it would cost me £41,000.
B) Production:
C) Legal and Ethical Issues:
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