Wholesale 101

Yesterday we discussed the 4 Types of Pricing Strategies. Today we are going to dig deeper so you can decide what is best for you.As mentioned yesterday, there is no "set price" that is best for everyone.  NO, you DO NOT need to buy a book about pricing or pay for an online class.  These things are a total waste of money because there's so many factors that go into pricing.  Let's start by looking at pricing facts:FACTS: 1. You do not need a “set markup”. Not EVERYTHING you …

If you’re wondering how to price your merchandise, today we are going to look at the 4 types of pricing so you can decide what makes the most sense for you.Sell Low and Fast then Reup - This is a great game plan for relatively inexpensive items. Let’s say the retail price is $30 and you scored it for $4.49. You can price it at $9.99 and blow it out. For those who think “There’s no profit in a $5 Markup!”, you’re surprisingly wrong. In fact, I made a chart to demonstrate the profit margin on …

“I have this friggin thing priced at only $5.99 and it’s STILL not selling! What do these buyers expect?! Am I supposed to do, GIVE IT AWAY FOR FREE?!?” If you have found yourself in this position, YOU ARE NOT ALONE!  So today we are going to look at why UNDER PRICING could truly be the reason you're losing out on sales!Let’s start by showing you two listings for the same item:Looking at the image above, which hoodie would you rather buy? As a SELLER you may jump at the $2 hoodie, but …