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What should I charge...


andrealh1975
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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!!

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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 :)

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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.

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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%

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Guest EMercier

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.

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