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Topic: Selling wholesale?  (Read 517 times)
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amydice
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« on: September 08, 2010 08:09:25 AM »

I need some advice, and thought I would post here in case a fellow Craftster could help me out!!

I got an Etsy convo yesterday almost immediately after one of my items was on the front page(for the first time! yay!!!) and it was a woman who owns a store and wants to know if I sell wholesale because she would love to carry my stuff in her store! To say I was thrilled was an understatement. My Etsy store has been doing really well lately, and it's just really wonderful to see people interested in my work.

I've never sold wholesale before, so I"m not quite sure how exactly it works. I emailed her back and explained that I've never done it, but I would love to. I think it's a really great opportunity to get my stuff out there and into stores! However, when she emailed me back, she said that normally people give her a 50-60% discount on things!!!

Is it me, or does that seem high? I think my prices are reasonable enough, and that much would really be barely paying for supplies. She said that it's really up to me, but I also don't want this opportunity to pass me by. I feel that it would be great, I'm just really not sure what kind of discount to give?
Any advice on selling wholesale would be GREAT. Should I set prices now in case someone else contacts me?
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« Reply #1 on: September 08, 2010 09:18:53 AM »

Wholesaling at 50% IS normal.  Undecided  Most people don't realize their retail prices aren't high enough until something like this happens and there's no room for you to give that kind of discount and still make money.  You could figure out what a good wholesale rate is, double it and then you can change your etsy prices and do wholesale with this person, but I'm not sure if you're comfortable with that.
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amydice
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« Reply #2 on: September 08, 2010 09:58:33 AM »

Thanks so much!!!
I will definitely have to reevaluate my prices now. Smiley
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« Reply #3 on: September 10, 2010 03:42:00 PM »

Also, you don't want to undercut your wholesalers' prices. They'll charge their customers at least double what they pay you. And never sign or send anything unless you've checked them out thoroughly, including contacting their current list of sellers like yourself. Verify their addresses, phones, they should have a website, and REFERENCES.
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