Tips for Retail Success

From the Buyer’s Persepctive: How To Price Products For Wholesale and Retail

By Vanessa Ting There is plenty to consider when creating wholesale and retail price points. Here are the primary considerations using the most simplest, rudimentary explanation. Note: Pricing for profitability can be more complex. But we are keeping things simple since this is a blog. 1) Bottoms-Up Pricing: Start with your COGS and add in all… Continue reading From the Buyer’s Persepctive: How To Price Products For Wholesale and Retail

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From the Entrepreneur’s Perspective: How to Price Products for Wholesale and Retail

Several factors must be considered when establishing your wholesale and retail pricing. You have to price up (make sure you are covering your costs) and price down (what will your target audience bear). There’s no one right answer or easy solution. It takes a lot of research and often trial and error. Minimizing those errors… Continue reading From the Entrepreneur’s Perspective: How to Price Products for Wholesale and Retail