How to Price for Profit: The Trick to Making Money on Wholesale Sales

Рет қаралды 122,315

9 жыл бұрын

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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Пікірлер: 32

@marilynpasion904 4 жыл бұрын

Thank you mam for some tips for business, it big helps to me

@SevenDeMagnus 6 жыл бұрын

Thanks.

@vishalbhardwaj-bl2nn 6 жыл бұрын

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?

@atifazmilwin1241 6 жыл бұрын

vishal bhardwaj include

@shaqjfk 2 жыл бұрын

Wow, this lady is great.

@creativelive 2 жыл бұрын

She is!

@veronicajones3585 2 жыл бұрын

How so I reach you for consumer products consulting?

@deveroljames8094 6 жыл бұрын

if i'm the one who makes my products myself how do i calculate my labor cost?

@-aconvenientalibi-9968 6 жыл бұрын

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.

@ctoumi2 5 жыл бұрын

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.

@gamingemail8763 5 жыл бұрын

Do they teach you this in college?

@Angel-rw6sm 3 жыл бұрын

Not at all they teach you how to be a manager. The only thing close to teaching you about ownership is Business Marketing..

@rainellerampersad6563 2 жыл бұрын

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?

@Bes14Mr 7 жыл бұрын

Hi there, how much profit should there be charged when it comes to wholesale? 10%, 20%, 30%... etc?

@SocalandBeyond 7 жыл бұрын

Wondering the same thing.

@CMKaplan 6 жыл бұрын

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.

@FMCGAcademy 6 жыл бұрын

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.

@viliamituamoheloa8487 6 жыл бұрын

Hi thank you very informative.. would this also work someone like a sole contractor who offers a labouring service?

@ctoumi2 5 жыл бұрын

@@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.

@ctoumi2 5 жыл бұрын

This is a ridiculous presentation, retail vs wholesale needed to be compared as both have pros and cons.

@ProyectoInnovador-hy6dw 3 жыл бұрын

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.