andrealh1975 Posted August 7, 2006 Share Posted August 7, 2006 I found some tealight holders that I want to add to my line that I can get cheap. These aren't the cheap holders, these are the ones heavy enough to hit someone in the head and do a little damage!! The trio holder is about 2.5 lbs and the single ones are about a half pound. I'm trying to figure out what to charge for them. I can get the single holders for less than $1 and the trio for less than $7. Any suggestions!! Quote Link to comment Share on other sites More sharing options...
wvcandleguy Posted August 7, 2006 Share Posted August 7, 2006 if it were me, I would start figuring at 75% mark up and make any adjustments you need to from there, ie shipping etc. After you factor all of that in, if it seems too low, then add 10%... if too high, then subtract 10%. This is how I do it, but others may have different ideas..... just thought i would get the ball rollin for ya Quote Link to comment Share on other sites More sharing options...
Janette Posted August 8, 2006 Share Posted August 8, 2006 I would mark up 100% just as any retailer would do. Quote Link to comment Share on other sites More sharing options...
Candle Man Posted August 8, 2006 Share Posted August 8, 2006 You can't always go by just a mark up you also have to consider the perceived value. These tealite holders have a more expensive or pricey look to them.You also have to consider your customers, do yours mostly have middle income or are you more of a high end retailer?I have some items I can mark up to 400% or more but then I also have some I can barely get 50% mark up on.At 100% mark up the singles would be about $1.50 or so. I think the perceived value of those would be at least $3.00 or more & that's not including a tealite. Quote Link to comment Share on other sites More sharing options...
mizznoobee Posted August 8, 2006 Share Posted August 8, 2006 just an fyi, the first one sells at ikea for only 50 cents each! and they have different colors! hth Quote Link to comment Share on other sites More sharing options...
pamperme Posted August 8, 2006 Share Posted August 8, 2006 You can't always go by just a mark up you also have to consider the perceived value. These tealite holders have a more expensive or pricey look to them.You also have to consider your customers, do yours mostly have middle income or are you more of a high end retailer?I have some items I can mark up to 400% or more but then I also have some I can barely get 50% mark up on.At 100% mark up the singles would be about $1.50 or so. I think the perceived value of those would be at least $3.00 or more & that's not including a tealite.YEP! It costs me less to make a sugar scrub than it does a body spray but I can get more for a scrub than a spray..not everything in retail is marked up 100% Quote Link to comment Share on other sites More sharing options...
sed8ed Posted August 8, 2006 Share Posted August 8, 2006 I would pay $6 or $7 bucks for a single and expect to pay at least $15 for the trio.Good luck! Quote Link to comment Share on other sites More sharing options...
Guest EMercier Posted August 9, 2006 Share Posted August 9, 2006 I forgot that the first one does sell at Ikea for $0.50. That's cheaper and you can pick them up instead of having them shipped. I've bought them before. Quote Link to comment Share on other sites More sharing options...
SliverOfWax Posted August 9, 2006 Share Posted August 9, 2006 No matter what the product, you charge whatever your market can bear. If your customers can't pay enough for you to make a nice profit, you don't carry the item. Start high. You can always go down or offer discounts for multiple purchases. Quote Link to comment Share on other sites More sharing options...
andrealh1975 Posted August 9, 2006 Author Share Posted August 9, 2006 Thanks for the feedback everybody!!! Quote Link to comment Share on other sites More sharing options...
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