A long, long time ago, there was the problem of how to get this merchandise thing going when there wasn’t any money to purchase printed t-shirts to sell – until the team took cash out of their own pockets to get this thing going (1. We’ve since broken even!, 2. We are sustainable and non-resource-intensive!).
SUTD Merch is being worked on by the team in our own, personal capacities. While we do work very closely with the school, for example, with the Marketing department to ensure proper presentation of the school’s image and marketing intent, we are a setup that is non-affiliated to any of the school’s organizations such as the Student Government or a 5th row club. In other words, we are a for-profit business (but it must be noted that it’s not profit that drives us but the prospect of turning this idea into reality).
Being the responsible and highly accountable people whom we are, we thus feel obligated to work towards being transparent in our financial actions – basically, letting you know where your money goes. Below is a percentage distribution chart which breaks down our revenue into where the money goes and in what proportion.
This chart is correct as at 5th July 2013. We’re thinking of doing one of these every 6 months or so. By the way, the profit is 0% due to rounding (Sarah Mao got a free t-shirt, in case you’re wondering). The cash reserves we intend to use for purchasing other stock to expand the merchandise inventory.
Anyway, we hope that this information helps everyone understand that we aren’t money grubbers, out to do this only for the cash. We love the school and want its culture to grow, and that culture comes from you, the people in the school community. So stay tuned for exciting things we have planned in the coming months and, as always, feel free to ask us any questions!