How to figure out wholesale prices?
Yes, retailers need to add 50% if not more on, some wholesale costs are 40/60 with you getting the 40%. Take an honest look at your product and figure what someone would honestly pay for it. Then look at your full production costs (materials plus time-pay yourself a minimum wage) and see if that cost is low enough to allow you to make a profit on the item. If it costs you 18 cents to make you can sell it at $1 easily. If you have to put $10 worth of materials in plus it takes 1/2 hour to make, your base cost at $8 an hour would put it at $14 invested in the item, it needs to sell at $30 to make it worthwhile for you. If $30 is your wholesale cost, it would need to be able to sell at $60 in the store. A lot of people go by ‘times three’, say it costs you $4 to make, sales price would be $12 then. Others say to do a ‘times six’. But you do have to look at the item and say ‘realistically CAN I sell it at that?’ I wholesale catnip mice for $1 each to a lady in California. She sells them at
