Quote:
Originally Posted by Amber_lv  Ok I have a question.......
To those of you who wholesale your items, How do you do it?
I have someone who wants tosell my toys in thier store but i am not sure what are good terms to go by. I really don't want to do a pay as they sell type thing i would rather they buy upfront is this how you all do it? Do you have a contract with the person you whole sale to??
Also on price how do you determine a whole sale price?
Please if anyone has any suggestions it would be great Thanks!! |
Amber. For your handmade goods, figure wholesale as 65% of the price you would sell them retail. Also, you don't want to do consignment. Make minimum quantities to keep average "joes" from buying them at wholesale. When I had my handmade soap business (12 years ago) I had a minimum purchase of $50 wholesale. You could do something like that or sell them as a "case" such as a "case" of 4 like kinds, minimum 3 cases.
Create a simple contract. I would start with having them pre-pay. As time goes by, you
could switch to net 30 (they purchase on credit and pay you 30 days later), but for this type of product at this price point, I wouldn't recommend that--that is something usually really large businesses with lots of capital do.
Hope this helps,