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Calculating Costs

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Hey Carol,

 

> Thanks Butch, cute joke on the end, lol

 

Welcome fer sure.

 

> I figured out the cost of one of my products, for arguments sake lets say

its $5, for me to make it and package it.

> I have someone who owns a small shop, and wants to buy from me wholesale.

What kind of mark-up do i do?

>

> Anyone have any suggestions?

 

Lemme just say that it matters a lot what this product is .. and what

others like it are selling for in the area you are selling it in. It

might be that there is no way to even begin to compete .. or it might be

that you are filling a vacuum where there is no basis for comparison ..

then its a seller's market.

 

> Signed blonde and confused,

> LOL

 

I think depending upon folks on this list to give you the answers is not

going to be a lot of help cause it ain't easy. So many variables come

into play .. and one important variable is geographic location of sales.

The best thing to do is lots of market research .. compare .. compare

... compare .. and then you will be able to see how much you can add on

and still have a reasonable expectation of selling to someone for a

price that will allow you to make a fair profit and allow them to resell

and make a fair profit .. and buy again from you. :-) Butch

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