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

Tara shares the formula for pricing products for profit at wholesale. cr8.lv/priceyou...
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/priceyou...
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[@ctoumi2]

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

[@ProyectoInnovador-hy6dw]

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.

[@vishalbhardwaj-bl2nn]

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]

vishal bhardwaj include

[@marilynpasion904]

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

[@deveroljames8094]

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

[@-aconvenientalibi-9968]

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]

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]

Do they teach you this in college?

[@Angel-rw6sm]

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

[@veronicajones3585]

How so I reach you for consumer products consulting?

[@shaqjfk]

Wow, this lady is great.

[@creativelive]

She is!

[@SevenDeMagnus]

Thanks.

[@Bes14Mr]

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

[@SocalandBeyond]

Wondering the same thing.

[@CMKaplan]

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]

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]

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

[@ctoumi2]

@@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.

[@rainellerampersad6563]

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?

[@precisionelectrolysis9308]

vocal fry is an epidemic

[@custardtart1312]

Unwatchable due to the presenters awful vocal fry! Please sort yourself out!!!

[@veronicajones3585]

Perhaps you should check you mic nose level

[@joejamata5583]

Find out how to do it yourself with all the details. Just look for MagpieCash :)