Guest guest Posted September 22, 2001 Report Share Posted September 22, 2001 Colleen That's sort of a tough question. It all depends on what you're making and how much time it takes you. Have you ever figured how much $ per hour you want to be making? You want to be sure to keep track totally of how much your ingredients were to make the product, your time, and packaging costs. I've only done the one wholesale account so far and they didn't automatically mark them up double of what I charged them. They requested "suggested retail price" on my invoice and I think they went by that. But it was very close to a 50% mark up for them. You also have to take into account what the "market" will bear. Some items you may not make your "hourly" rate but may be able to make more of your hourly rate on other products to make up for it. These are all things I'm learning from the Business Consultant that I'm working with. M (note: Just remember that when you sell them to a retailer to get a copy of their "Resale Certificate" to keep for your records so you aren't responsible for the Sales Tax - they are!!) Wholesale ? I'm hoping that I can get more than one response to these questions, sohere it goes:How much do all of you charge for wholesale accounts? Basically I'mwondering what % off your retail you go with. I've heard anything from30-50%.What minimum $ amount do you request? Is this just with the accountsfirst order, or is it on every order?What other terms and/or conditions do you have?Thanks for all the help!ColleenCountry Meadow CreationsOur members maphttp://.homestead.com/locations.htmlOur Message Boardhttp://www.voy.com/21568/Check out these great Molds!!http://soapwerks.com/martinworld.htmAll posts to this list are copyrighted by post author. They may NOT be forwarded, copied, or used in anyway without the permission of the post author with the exception of answering posts to this list. Posts are personal opinions only. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 22, 2001 Report Share Posted September 22, 2001 Thanks for responding ! I've always figured the cost of ingredients, shipping costs, and packaging in the cost of my products. I've never tried to figure out how much per hour I want to earn. I've never kept track of how long it actually takes me to make anything. I can come close with an estimate, but never sat down and figured it out. I got an inquiry from a hotel out of state with an interest in possibly carrying my soaps in their gift shop. In his email he sent his business cert. #, mailing addy, and website addy. So I know it's legit. Hopefully it'll turn into something! Colleen Country Meadow Creations Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 22, 2001 Report Share Posted September 22, 2001 Colleen, Do you have a website?? Re: Wholesale ? Thanks for responding ! I've always figured the cost of ingredients, shipping costs, and packaging in the cost of my products. I've never tried to figure out how much per hour I want to earn. I've never kept track of how long it actually takes me to make anything. I can come close with an estimate, but never sat down and figured it out. I got an inquiry from a hotel out of state with an interest in possibly carrying my soaps in their gift shop. In his email he sent his business cert. #, mailing addy, and website addy. So I know it's legit. Hopefully it'll turn into something! Colleen Country Meadow Creations Our members map http://.homestead.com/locations.html Our Message Board http://www.voy.com/21568/ Check out these great Molds!! http://soapwerks.com/martinworld.htm All posts to this list are copyrighted by post author. They may NOT be forwarded, copied, or used in anyway without the permission of the post author with the exception of answering posts to this list. Posts are personal opinions only. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 22, 2001 Report Share Posted September 22, 2001 Yeah, but it's in need of pictures and an update. I quit posting the addy when I moved it from Homestead to Bravenet because it wasn't done yet. But since you asked, here it is: www.countrymeadowcreations.com. So how about your wholesale terms? How do you figure yours? This is the second inquiry I've had. The first one went nowhere. I'm hoping with all the craft shows I've got lined up this fall I can get some out of that too. Thanks! Colleen Country Meadow Creations Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 22, 2001 Report Share Posted September 22, 2001 Well, You really have to know your costs of your products, Then think about what others might wholesale for and what you can live with to be sort of " comparable " . What I loose in price doing wholesale vs retail, I make up for in quantity. You really have to be careful about cutting yourself short. I have had a minimum order of $100, but am gonna implement a formula for those who dont want to spend quite that much, which isnt that much if you think about it. It will be a breakdown comprimising between how much they want and how much I charge for each product: For intance, for soap, If they buy $100 or more the price will be $2.00 per bar, if they buy $75-$100, the price will be $2.50, if they buy $50-$75, the price will be $3.00 per bar, if they buy $25-50, the price will be $3.50, if they buy less than $25, the price will be the usual $4.00 per bar. I've worked this out with each of my things. I have one client that we have sort of established a freindship also and I trust her. She orders a lot of stuf from me and I go ahead and send and then she sends a check. Plus she knows that if she screws with me some our conditions will be void and she dosnt want that. But I trust her and I know she woulnt screw with me. But otherwise, I get paid first before they get their goods. I had once where the girl did a 30 day net thing, and it took a long time to get the money from her. So im hesitant to do that anymore. But Imight in the future. On my wholesale page I have an estimated time that I can will send. People always want to know when to expect their stuf. You have to do what you are comfortable with but DONT ever sell yourself short. I always expect their Tax ID numbers also. And state your payment terms. Lets see... I cant think of anything else right off top of my head. Good luck with this account! Very very cool Colleen! T Re: Wholesale ? Yeah, but it's in need of pictures and an update. I quit posting the addy when I moved it from Homestead to Bravenet because it wasn't done yet. But since you asked, here it is: www.countrymeadowcreations.com. So how about your wholesale terms? How do you figure yours? This is the second inquiry I've had. The first one went nowhere. I'm hoping with all the craft shows I've got lined up this fall I can get some out of that too. Thanks! Colleen Country Meadow Creations Our members map http://.homestead.com/locations.html Our Message Board http://www.voy.com/21568/ Check out these great Molds!! http://soapwerks.com/martinworld.htm All posts to this list are copyrighted by post author. They may NOT be forwarded, copied, or used in anyway without the permission of the post author with the exception of answering posts to this list. Posts are personal opinions only. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 22, 2001 Report Share Posted September 22, 2001 Hey the site looks good. Needs pix tho, your right. I need to get my site updated as well. I took a bunch of new pictures to put on it. Shaye Re: Wholesale ? Yeah, but it's in need of pictures and an update. I quit posting the addy when I moved it from Homestead to Bravenet because it wasn't done yet. But since you asked, here it is: www.countrymeadowcreations.com. So how about your wholesale terms? How do you figure yours? This is the second inquiry I've had. The first one went nowhere. I'm hoping with all the craft shows I've got lined up this fall I can get some out of that too. Thanks! Colleen Country Meadow Creations Our members map http://.homestead.com/locations.html Our Message Board http://www.voy.com/21568/ Check out these great Molds!! http://soapwerks.com/martinworld.htm All posts to this list are copyrighted by post author. They may NOT be forwarded, copied, or used in anyway without the permission of the post author with the exception of answering posts to this list. Posts are personal opinions only. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 22, 2001 Report Share Posted September 22, 2001 Tat is awesome, Colleen! Make sure you quote them a good (meaning: profitable) price, so you're not kicking yourself six mos. from now as you " bust your butt " to make them soap at no profit! It's easier to go down in price than up. And your hard work DESERVES to be rewarded!! - Ela (000)___(000) Ela Heyn / @ @ \ ferret@... | | ======@====== http://www.geocities.com/Heartland/5483 Quote Link to comment Share on other sites More sharing options...
Guest guest Posted September 23, 2001 Report Share Posted September 23, 2001 Thanks for all that great info Shaye! I will have to do some more figuring of my costs, etc. I had thought about doing it based on how much they spend like you said, but I've got lots of different bars with different prices. I think for me, a straight percentage off would be easier to calculate. I'll have to hammer away at the calculator tonight to come up with some solid numbers. I am just afraid that I will be undercutting myself. Colleen Country Meadow Creations Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.