Girlzndollz

Quote: Originally Posted by binki Some basic Biz 101 here. Charge the highest price you can possibly get. The price you can get reflects the value of your product to your customer. Making money is not immoral. You are not ripping off your customer, you are expecting to be paid for the value of the product you deliver. Taking higher margin jobs will allow you to do less work for the same or better profit. You can start high and lower your price but it is much harder to raise it once you start negotiations. A dollar is a dollar on the bottom line. The lesson is that if you just double your cost and charge that you are leaving money on the table, not getting what you should get, and not giving yourself room to get the order bigger by lowering your price if the customer ups the quantity. I would also add that you should charge your retail customers more that your wholesale customers.

I agree with every portion of the above left in quotes.

I add wholesale pricing is double your material costs.

Retail pricing is double the wholesale price. Then try to get what your market will bear, up from there. You need to turn profits to grow. Decide where you want to be in five years, and work on a plan to get there.

 

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