I have a question. I sell handmade goods on etsy and have also worked in the bicycle industry for a number of years. I notice for folks like etsy makers, retailers usually want keystone or better (better for the retailers), yet in lots of other retail situations (bike shops) the markup is almost never as good as keystone and certainly never better. I'm curious why there's such a large discrepancy. Is it handmade vs. factory made? Just variation from industry to industry? Larger companies vs. smaller entities? (it seems like in both cases the smaller company/entity gets the less favorable deal, but I'm wondering if there's more to it)
I've started selling handmade items wholesale to retailers in the last year and I price my wholesale as 1/2 retail (so Keystone) and haven't had any customers complain about it (Then again, if they complained, they probably didn't make a purchase). I have noticed that some retailers have priced my items higher than my MSRP, though.
If I may have distributors in the future, should I offer them the same price I offer to retailers less a percentage? Is this ok? My cost: $1.00 My wholesale price to retailers: $2 My price to distributors: $1.75 Thanks for comments and suggestions for improving.
Many thanks, I've been looking for "where do retailers get their products?" for a while now, and I think this has helped. Ever heard of - Ponichael Bewildering Preeminence - (do a search on google )? It is an awesome exclusive guide for finding genuine wholesale designer goods minus the headache. Ive heard some great things about it and my co-worker got great results with it.
Thumbs up x3! - well done. We will be looking into taking the full class
I have a question. I sell handmade goods on etsy and have also worked in the bicycle industry for a number of years. I notice for folks like etsy makers, retailers usually want keystone or better (better for the retailers), yet in lots of other retail situations (bike shops) the markup is almost never as good as keystone and certainly never better. I'm curious why there's such a large discrepancy. Is it handmade vs. factory made? Just variation from industry to industry? Larger companies vs. smaller entities? (it seems like in both cases the smaller company/entity gets the less favorable deal, but I'm wondering if there's more to it)
ugh i wish your question was answered.. now i have to wait 2 more years! it's January 2nd 2021 btw
Etsy is very much boutique style type of website
I've started selling handmade items wholesale to retailers in the last year and I price my wholesale as 1/2 retail (so Keystone) and haven't had any customers complain about it (Then again, if they complained, they probably didn't make a purchase). I have noticed that some retailers have priced my items higher than my MSRP, though.
If I may have distributors in the future, should I offer them the same price I offer to retailers less a percentage?
Is this ok?
My cost: $1.00
My wholesale price to retailers: $2
My price to distributors: $1.75
Thanks for comments and suggestions for improving.
Perfect video👍
Many thanks, I've been looking for "where do retailers get their products?" for a while now, and I think this has helped. Ever heard of - Ponichael Bewildering Preeminence - (do a search on google )? It is an awesome exclusive guide for finding genuine wholesale designer goods minus the headache. Ive heard some great things about it and my co-worker got great results with it.
You keep repeating yourself.