A Crafts Community For Craft Ideas & DIY Projects - Craftster.org
Help | About | Contact | Press | Advertise | Terms | Site Map
Welcome, Guest.
Please login or register.
Random Tip: If you see a project that you think is awesome and deserves to be a featured project, you can click the THIS ROCKS button to nominate it!
Total Members: 299,132
Currently Running With Scissors:
677 Guests and 13 Users
Home Craftster Community Crafting Articles Craft Tutorials My Craftster Crafting Calendar City Guides Craft Shop


Pages: 1 ... 3 4 [5] 6
Jump to page:
  Show Images Only     Send this topic  |  Print  |  Bookmark  
Topic: Wholesale Pricing  (Read 6901 times)
Tags for this thread: wholesale_pricing  Add new tag
Share the love... Pin it Submit to reddit add to Wists
1+
 
CraftyChef
Offline Offline

Posts: 2868
Joined: 26-Jun-2005

Am I retired yet?


View Profile WWW
« Reply #40 on: June 25, 2006 06:14:56 AM »

The norm would be 20-60%! If you can't afford 60%, there's no point in pricing it that way. You have to figure your costs and time and find a minimum amount you can live with, profit-wise, and don't forget that many wholesale buyers expect to return merchandise they don't sell. Then you might have to let it go for below even that smaller profit.
THIS ROCKS   Logged

dee53
« Reply #41 on: June 25, 2006 06:29:55 AM »

The norm would be 20-60%! If you can't afford 60%, there's no point in pricing it that way. You have to figure your costs and time and find a minimum amount you can live with, profit-wise, and don't forget that many wholesale buyers expect to return merchandise they don't sell. Then you might have to let it go for below even that smaller profit.

Good Morning CC,

Thank you ... but I'm going to be the one buying wholesale.  :-)

So what I was asking is, how much might I expect most crafters to sell wholesale at?  And what if they've never sold wholesale and don't know what to discount and ask me what I would prefer?  I have no idea ...

Thanks again,
Dee
THIS ROCKS   Logged
babygoinplaces
Offline Offline

Posts: 774
Joined: 06-Sep-2005

Baby, I'm goin' places!


View Profile WWW
« Reply #42 on: June 25, 2006 08:43:57 PM »

As a crafter who looks to sell, I figure I'd better have my ducks in a row when I talk to a retailer.

The crafter has to determine what price she wants for her items.  If you are  the one who is buying the item and reselling it, then it is up to you what the retail price will be.

If a crafter wants $10 for an item, that's what the crafter gets.  If you think that's too high, don't buy from that crafter.  Maybe you can get that item for $8 from another crafter or maybe you can't.

Then it's up to you, not necessarily the crafter, what you'll charge for it at the retail level.  I'd expect you to mark it up at least 20%, but 100% is normal.  So you pay $10 to the crafter and you try to sell it for $20.  You'll have to know your market and customers to decide if your markup is 20%, 50%, or even 100%.

I hope that helps answer your question.
THIS ROCKS   Logged

http://babygoinplaces.com
Baby Goin' Places--for the baby on the go!  Slings, pocketchangers, custom clothing, and now custom monogramming and embroidery!
http://babygoinplaces.etsy.com
bobbie2oo4
Offline Offline

Posts: 109
Joined: 16-Jan-2006
Show me your website and I will come! :)


View Profile WWW
« Reply #43 on: June 27, 2006 03:53:27 PM »

The crafter sets the price and you mark it up from whatever price you pay. Often times if you purchase in bulk, you will get a discount. There is no "normal" rate for this as far as I know because everyone is different (especially in crafts) and the term bulk could be 20 to one person and 100 to another.

Your best bet is to find items that you like and you know other people will like and then contact the seller. Make them an offer or ask them about discounts and what they would consider  Grin.
THIS ROCKS   Logged

Need a business website? See pageBuzz.com - ultimate do it yourself solution for $9.99/mo- includes everything, even a shopping cart!

Advertise your crafts for FREE? Check out http://craftersbuzz.com
shewolf
I call her Vera.
Offline Offline

Posts: 1620
Joined: 15-Feb-2006

The hero of Canton


View Profile WWW
« Reply #44 on: June 27, 2006 05:31:18 PM »

I know this isn't crafty, but my hubby buys minis at around 40-60% off, then sells for 90% retail.

It's hard to put a price on handiwork (we buy minis from small people mostly, so these are hand made, not machine made!). Time, cost of material, cost of manufacturing...a lot to factor.
THIS ROCKS   Logged

(\__/) This is Fat Bunny.
( o.o ) It has taken over, and eaten the unbelievers.
( > < ) Copy Bunny into your signature or be EATEN!

www.rattleheadgames.com - for all your gaming needs!

http://www.wists.com/shewolf I wish, I wish, with all my heart.... Smiley
hobbledehoy
Offline Offline

Posts: 236
Joined: 10-Mar-2006

The Hobbledehoy


View Profile WWW available for personal swaps
« Reply #45 on: June 14, 2007 06:03:26 AM »

Hello, I am trying to estimate wholesale prices for my yarn, and am realize now that I underprice as is.  Is there a simple formula for determining wholesale prices?  For example, if one kind of yarn costs $5 in supplies, and takes one hour to create, what would you wholesale it as?
Thanks in advance!
Liz
THIS ROCKS   Logged

the shop:
http://hobbledehoy.etsy.com
the blog:
http://elizabeth-stottlemyer.blogspot.com
twitter along:
http://www.twitter.com/hobbledehoy

I'm generally open for fiber swaps!  PM me Cheesy
sparkling_gem1987
« Reply #46 on: June 14, 2007 05:07:35 PM »

The problem is your underpricing as it is. So doing wholesale may not even be worth it, because you will be making even less of a profit.

What I suggest doing is figuring out how much you need to price your items to break-even. Then compare that to your actual retail price. Make sure that your are actually still making a profit that is worthwhile doing wholesale. My brother usually does between 20%-30% off the retail price, but different circumstances to yours.

You just really need to make sure you are making a suitable profit off of it. If your making close to none, it's really isn't worth doing. Wholesale is kind of tricky because it's really important the quantity the person wants to purchase as well.

Sorry but I'm not much of a help
THIS ROCKS   Logged

primitiveartdeco
Primitive Art Deco
Offline Offline

Posts: 2
Joined: 15-Jun-2007


View Profile
« Reply #47 on: June 15, 2007 11:04:01 AM »

Pricing wholesale is really tricky. Most retailers would like to sell for twice the wholesale price or more. What is your retail price?? Would you make a profit selling at a 50% discount for the wholesale price??

I know there is a formula for wholesale pricing, and it does work for the most part. I'll see if I can find it.
THIS ROCKS   Logged

sparkling_gem1987
« Reply #48 on: June 16, 2007 01:21:30 AM »

I did a quick google search and these are a few formula that it came up with. Not sure if they really work, but atleast it's something to work off.

http://ohioline.osu.edu/cd-fact/1326.html (formula C)

http://en.allexperts.com/q/Arts-Crafts-Business-2598/wholesale-pricing.htm (this talks about determining retail price, but perhaps you can reverse the retail formula? eg. retail is twice the wholesale, so maybe divide retail by 50%?)

http://www.potters.org/subject22724.htm (Different styles of wholesaling by different users)

I hope that helps!
THIS ROCKS   Logged

jungrrl
Global Moderator
Crafty Business Advice Moderator
Toys, Dolls, and Playthings Moderator

Tutorial Contributor

Friend of Craftster Friend of Craftster

I'm a portmanteau.
Online Online

Posts: 18667
Joined: 17-Jun-2004

Former Full-time Craftster-er


View Profile WWW
« Reply #49 on: June 21, 2007 02:01:39 PM »

Please take a look at the threads tagged "wholesale pricing"

http://www.craftster.org/forum/index.php?action=tags;sa=showtopics;tag=wholesale_pricing
THIS ROCKS   Logged

Threads you might like:
Pages: 1 ... 3 4 [5] 6 Jump to page:
  Send this topic  |  Print  |  Bookmark  
 
Jump to:  



FacebookTwitterPinterest
only results with images
include swap threads
advanced search



your ad could be here!

How-To Videos
Easter Brownie Nests
How to Bake Flaky Buttermilk Biscuits
7 Easy-to-Make Yogurt Snacks That Taste Like Dessert
How to Make Carrot Cake Pops
How to Make Flower-Pot Cakes
Latest Blog Articles
Handmade Gift Ideas: Mini Book Jewelry
Handmade Gift Ideas: Bunny Travel Pillow
Tute Tuesday: Cross Stitched Sewing Box

Comparison Shopping




Support Craftster
Become a
Friend of Craftster

Buy Craftster Swag
Buy Craft Supplies
Comparison Shopping

Craftster heartily thanks the following peeps...
Moderators

Follow Craftster...






Powered by MySQL Powered by PHP Powered by SMF 1.1.11 | SMF © 2006-2009, Simple Machines LLC
SimplePortal 2.3.5 © 2008-2012, SimplePortal
Valid XHTML 1.0! Valid CSS!

Copyright ©2003-2014, Craftster.org an Internet Brands company.