Hello, Pre-sale question here! Would I be able to use this is the following way?

I sell bags and have the ability to embroider text on them. I want to allow the customer to do this, but I need to add the text as a SKU in my inventory. For example: If the bag i am selling is SKU#1 and they customize it, I would like the text addition to be added as SKU#2 (or whatever it may be) 

How would i do that?