Saturday, May 15, 2010

How much of a percentage do businesses mark up their goods from the wholesale price?

I%26#039;m looking at selling Shadow Boxes that I have made to businesses that are willing to buy them. How much of a mark up in percentage should I ask?|||Mark-up on products is somewhat arbitrary. In your case, you will need to determine you cost for producing the product: time and materials (don%26#039;t be too greedy with your time charges).





Determine what other similar product of equal quality are selling for and them establish a price which positions you somewhere about mid-market, as you are just starting out.





If your product has something special about it that makes it a better, or considerably better product, then up your price accordingly.





The key is to either be unique or competitive, what make your product different or better than other similar products available.|||the industry average is about 2.5 times the wholesale price.

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