Thread: Markups
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Old May 20th, 2008 -   #9 (permalink)
COEDS
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Default Re: Markups
Quote:
Originally Posted by badalou
What works is what sells. First know your cost. Then double it. The owner of the stores determines the selling price. Your job is to get the product into the stores. If it cost you $5.00 to make a shirt and you sell 100 at $10.00 then you should be happy. If the stores sells them for $50. and gets it then that his business. because if he does then he buys more of your product. If you try to up your price because of his selling price and if he has any knowledge at all he will go where he can get the shirts at $10.00. make them happy and they will make you happy.
Great answer Lou. I never worry about my cost and profit. I let others tend to their own business. .... JB
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