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Topic: Wholesale Pricing  (Read 8101 times)
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« 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.

« 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,
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« 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.

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« 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.

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« 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.

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« 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!

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« 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

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« 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.

« 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!

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

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


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