How to Price for Profit: The Trick to Making Money on Wholesale Sales
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- čas přidán 1. 09. 2015
- Tara shares the formula for pricing products for profit at wholesale. cr8.lv/priceyourcraftyt
In this clip from the CreativeLive class, Price Your Craft, Tara details the variables that go into setting a price so you make money on your wholesale craft sales.
Get more tips on making money by making crafts on CreativeLive. cr8.lv/priceyourcraftyt
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thanks for sharing the information i have one question.
As packing and shipping time mention in overhead does it mean the charges of packing and shipping include in overhead or not?
vishal bhardwaj include
Thank you mam for some tips for business, it big helps to me
Thanks.
Wow, this lady is great.
She is!
if i'm the one who makes my products myself how do i calculate my labor cost?
Deverol James decide an hourly rate for yourself and then divide that by the number of products you produce per hour ie. I want to make $20 per hour I make four products per hour the labour cost is $5.
Well you can start by charging yourself a salary and you should know how many hours it takes and cost you to produce a unit of something hence its cost of production in terms of manufacturing that is.
How so I reach you for consumer products consulting?
Do they teach you this in college?
Not at all they teach you how to be a manager. The only thing close to teaching you about ownership is Business Marketing..
If I buy at wholesale and the cost is $20.00 but i want to sell it at retail how much will i be selling an item for....but if i decided to sell it at wholesale what would be the price i would be selling at?
Hi there, how much profit should there be charged when it comes to wholesale? 10%, 20%, 30%... etc?
Wondering the same thing.
dear friends, there is no answer as easy as that. this percentage of margin depends on some variables such as; competition, demand and sustainability. Research more.
How much profit you can make will depend on your consumer price which effectively controls your wholesale price. It does not matter whether you sell directly to consumers or not, you need to estimate and "sell in" your suggested consumer price to retailers.
Hi thank you very informative.. would this also work someone like a sole contractor who offers a labouring service?
@@SocalandBeyond Ideally the best way to find out is to ask your clients what kind of cost price would they be comfortable with, of course the higher the number of clients the better the average price.
This is a ridiculous presentation, retail vs wholesale needed to be compared as both have pros and cons.
Just wonderful, I have been researching "do wholesalers buy from manufacturers?" for a while now, and I think this has helped. Have you ever come across - Ponichael Bewildering Preeminence - (should be on google have a look )? It is an awesome one of a kind product for finding genuine wholesale designer goods minus the headache. Ive heard some extraordinary things about it and my mate got excellent results with it.
vocal fry is an epidemic
Unwatchable due to the presenters awful vocal fry! Please sort yourself out!!!
Perhaps you should check you mic nose level