How much should I charge for the items I resell?
Author: Wade Eriksson
Website: http://www.Wholesale-EZ.com
Added: Sat, Aug 12, 2006 23:11:37
Category: Wholesale Questions
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What you charge for your items depends on the price of the items when you purchase them. One of the biggest mistakes people make is to try to resell an item for a small amount over their cost of purchasing the item. There are many administrative costs involved in sales, and you'll shoot yourself in the foot if you do not make a sizable increase in the price.
For smaller purchases, between a few cents and $20, plan on at least doubling the price. For purchase costs above $20, you should consider selling at least 40% above your cost. For higher ticket items above $100, anywhere from 20% to 40% is reasonable.
If the wholesale rates you are quoted will not allow you to increase the price for a sizable profit, you either need to re-negotiate a price with the wholesaler or consider dropping that wholesaler.
keywords: Wholesale | Wholesaler | Wholesaling | Resell | Reseller About the Author:
Wade Eriksson answers frequently asked wholesale questions and dropshipping questions at PrettyGreatAnswers.com.
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