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So, today I get an inquiry from a top organization interested in distributing some of my products in their online catalog. Pretty exciting. They ask what my wholesale terms are. Problem is, I don't have them...just yet!
• Is there a pricing formula for determining wholesale cost?
• What's considered the standard for payment in the t-shirt industry?
• Are there any pitfalls I should keep my eyes open for as we negotiate?
Any tips would be greatly appreciated. The inquiry is from an NPO related to the message of my shirts, so they are not in the apparel business at all. I suspect that they will use my shirts to raise money.
Am I the only one who is learning about the t-shirt business through the baptism by fire method?
• Is there a pricing formula for determining wholesale cost?
• What's considered the standard for payment in the t-shirt industry?
• Are there any pitfalls I should keep my eyes open for as we negotiate?
Any tips would be greatly appreciated. The inquiry is from an NPO related to the message of my shirts, so they are not in the apparel business at all. I suspect that they will use my shirts to raise money.
Am I the only one who is learning about the t-shirt business through the baptism by fire method?