Its Day 3 of our Product Based Biz Challenge in collaboration with Printed Mint and today, we are all about pricing.
Figuring out your wholesale pricing is one of the most challenging parts of developing your wholesale strategy. The quickest way to end up on the losing side of the equation is to simply copy what another company is doing without taking your own numbers into account. Every business runs a little bit differently so what is working well for one isn’t necessarily going to be the best strategy for another. While it’s true, some people will only buy your product based on price it’s important to remember that not everyone shops with this mindset. When your products are unique, meets a customer’s need or want and are valuable in their eyes chances are, you’re going to make the sale!
If you've been struggling with setting your own product prices you’re definitely going to want to check out this post over on Printed Mint's Blog!