Pricing and Inventory Tips | Boutique Chat

[@patriciasimpson4643]

I get what you were saying I can’t explain it but I get it

[@Cassandra98761]

Ccddbx, dc cccbxxxxx

[@altheaprass]

Ty this was great

[@kishathomas5585]

Where do u get the clothes rack

[@MsAisha4]

Great video, thank you so much

[@kokoskraft7685]

Thank you jance.....you blow my mind...all the way from Nigeria

[@Goldbutter1.]

Thanks sis

[@twanamoore9969]

This was really good, Jance. I have been avoiding buying higher priced items because my retail price would be more than I'm comfortable charging. But, the fact that I would be making more profit in dollars, rather than margin, is better than not getting them at all.

[@Khayran]

I'm just starting my boutique, how many different items did you start with? Cause I feel like I'm gonna have to order A LOT with all the different sizes and stuff.

[@taebrown384]

Such an informative video, much appreciated, all the way from London. Thank you!!!

[@CiCiTheDiamond]

I love that you break EVERYTHING down in your videos and that analytics video was STRAIGHT 💎 GEMS …Exactly what I needed

[@sjansic365]

I'm from another country but girl I can tell I learn so much from you. And because of you my business is crowing thank you so much 😚🤗❤

[@tonyahughes7522]

Good information. Thank you for the video.

[@divadm66]

Hello. First, thank you so much for this informative video. How would I go about finding a pricing and inventory strategist?

[@starlaslade1]

Jance can you please consider increasing to size 4x as well?

[@deeoh9191]

With the profits you mentioned would it be less when you take into account other expenses? (Website fees, packaging, shipping etc)?

[@craftysoulcafe]

I love your videos and your store! I think I’ve purchases every color sweatpant that you have. I work from home so daily comfort is a must! I have a handmade products business and you have given me lots of inspiration on really growing my business!

[@JanceChartae]

Aw thank you! 🥰

[@koketsopine]

Hi Jance. I'd like to ask question regarding pricing. So I want to understand how would you then run a 50% off sale when your profit margins are so tight? Wouldn't you be essentially working at a loss?

[@JanceChartae]

So the goal is to never actually have to run sales like that or offer discounts that are that large. I only buy things that I’m confident in my ability to sale to my audience. Most of my items have a 58-72% profit margin. So that means on 52% - 72% off is the biggest discount I could offer in order to just break even. You’d need to know the profit margin on each item individually to know how steep of a discount you can offer if necessary. Hope this is helpful!

[@koketsopine]

@@JanceChartae okay I understand. But when I started on Shopify. How I worked on my pricing it showed me that my calculations aren't as I would want them to be right. Then that's when I'd price the item 3 time more than I have manufactured if for. My customers aren't as pleased about it and I find myself giving discounts anyway to just make a little bit of profit to compensate on the loss. How would you advice me specifically on proper pricing that can get my customers to be more understanding?

[@BeyondBeauty20]

Hey Jance when buying your pieces for the season do you normally stick to a color story? Like for example next launch you want to stick to plums and mauves etc? Or do you just purchase what you think will sell?

[@Chris-mx4tx]

Can you add a link to the cost margin app

[@lnicole2206]

Thank you for your transparency and your info. I love your videos. Headed to your site now, the last time my size was sold out in alot of colors for sweatpants ❤

[@joannegross6813]

Wow congratulations 🎉🍾🎈. The warehouse looks great.

[@EbonyHunter]

Love this video! Thank you💖

[@KRowe-gz8yn]

Thanks for the video! Could you please make a video about how to manage/organize your inventory on the more basic/just getting started level 👀. Thanks again 👍🏾

[@Justcee1]

Yes please. Keeping track of inventory is stressful

[@TheProminentPost]

Hey! Can you provide us with the information of the lady that provided your inventory plan

[@mercadeze]

Where did you get your shelves ?

[@xeniajames8086]

Do you do coaching classes for beginners into the boutique entrepreneur world? I would love your help and guidance.

[@mjoseph8080]

Hi Jance, I am a new subscriber and I appreciate the knowledge you share. can you provide a plus size vendor for jogger sets?

[@TheProminentPost]

Or provide us with a layout of what we should be planning or setting goals for

[@audreypatton8074]

Love your transparency👏👏

[@TheNewMomClarissa]

This was so informative and helpful! I love that story about the sweatpants selling but just at the correct price!!

[@MarieeMonae]

Love this and your channel so informative ❤️

[@cupcakesyary]

I am all set to launch but so scared to actually launch lol

[@janetsmith3203]

Thank you. This was a very informative video. I will be starting my business with POD items, but I'm hoping to be able to stock my own inventory one day.

[@brynkinks]

I really enjoy these kind of videos especially the one you did about increasing sales based off of analytics can you make that a monthly series?

[@queenlene9218]

Do you send out Notifications everyday to your Customers

[@JanceChartae]

Nope! Not everyday. Maybe 2-3 times a week. Sometimes more though depending on how business is going.

[@queenlene9218]

If you notice all the big Companies put push out notifications everyday i just wanted to tell you that .

[@JanceChartae]

Yep I’ve noticed but those are big businesses with bigger resources and better control over inventory flow and budgets. Also, most of them send mass messages to their entire audience. Very few create segmented notifications that are relevant and timely which often results in low open rates and unsubscribes. For smaller businesses, unless you have a large list and have segmented it well, it doesn’t make sense to send notifications every day.

[@queenlene9218]

@@JanceChartae Ok Understandable because it does become annoying.

[@BeyondBeauty20]

Yayyyy that’s exactly what I’m working on currently in my launch journey. Thank you for this video

[@TheMomLifee]

Thank you Jance.. I miss 😢 the group.

[@paulinavelasquez310]

I love your videos , thank you so much

[@coconutwater1023]

Great, great video!

[@JenniPugh]

This is such a helpful video! It seems like common sense but it’s really not. 💙 Thank you

[@kalexander5114]

Please call the White House help them out 🤣😅 They know NOTHING about numbers

[@Locked_in_with_DaQueen]

Thank you so much.

[@3MONiQUE6]

This was a really good and informative video!

[@missshannel2184]

Love this !!!

[@MarilynRoseYT]

Jance after dark part 2.... you have the perfect voice to play while I work (ps this is @wearejoypersonified haha)