Kimdles Posted February 18, 2008 Share Posted February 18, 2008 How do you set your retail pricing? 1. Multiply cost of wax, scent, dye wicks etc. AND jar by 3?? OR 2. Multiply cost of wax, scent, dye, wicks etc by 3 then add cost of jar?? OR 3. Some other way??? Quote Link to comment Share on other sites More sharing options...
mizbizzyb Posted February 18, 2008 Share Posted February 18, 2008 You are going to get varying answers to that question. There are people here that do it by #1....then others that do it by #2. Quote Link to comment Share on other sites More sharing options...
Kimdles Posted February 18, 2008 Author Share Posted February 18, 2008 I'm not concerned with how much you multiply your costs by, but if you include the cost of your jar in that equation or just the supplies ....... Just curious??!! Quote Link to comment Share on other sites More sharing options...
mizbizzyb Posted February 18, 2008 Share Posted February 18, 2008 That is what I was trying to tell ya...some people do and some people don't. There are some threads in the business section where some said they do and some said they didn't. I will search for ya. Quote Link to comment Share on other sites More sharing options...
Stella1952 Posted February 18, 2008 Share Posted February 18, 2008 #3 Hth Quote Link to comment Share on other sites More sharing options...
SliverOfWax Posted February 19, 2008 Share Posted February 19, 2008 #3 Hth lol.Your jar/container IS a "supply". I'm not sure why the cost would be calculated without it. But, as others have said, whatever works for you. Quote Link to comment Share on other sites More sharing options...
Tereasa Posted February 19, 2008 Share Posted February 19, 2008 I think that multiplying, etc. isn't the way to go for me. I think that charging what the market will bear is a much more business way of handling pricing. Some markets won't bear paying $15 for a candle. Some markets will gladly pay $115 for a candle. Quote Link to comment Share on other sites More sharing options...
Kimdles Posted February 19, 2008 Author Share Posted February 19, 2008 Thanks everyone for your input.Kim Quote Link to comment Share on other sites More sharing options...
dabbledoya Posted February 19, 2008 Share Posted February 19, 2008 Figure your cost for everything, right down to the product labels, and even dye (which will be very minute lol). And keep a record of it. That way you will know how much it costs *you* to make it, and also helps with figuring your inventory. Then you can use the multiplier method if you want. I started out with 3-3.5 on my products, and ended up reducing them a bit because of the region I live in. It's all up to you;) Quote Link to comment Share on other sites More sharing options...
Brenda (OH) Posted February 19, 2008 Share Posted February 19, 2008 #3 here also Quote Link to comment Share on other sites More sharing options...
BruceCarvesWax Posted February 26, 2008 Share Posted February 26, 2008 . Some markets will gladly pay $115 for a candle.Well, Im from Missouri the "show me" state, so "show me" were I need to move to so I can find those customers that will pay 115.00 a candle and im THERE! Quote Link to comment Share on other sites More sharing options...
debscent Posted February 26, 2008 Share Posted February 26, 2008 I figure the cost of my jar with shipping into the calculation and multiply by 3. Quote Link to comment Share on other sites More sharing options...
motherofalltrades Posted February 27, 2008 Share Posted February 27, 2008 same here debscent! Thats how i figure mine! cost x 3From the looks of the soy pricing going up, I'm going to have to be changing mine!:undecided Quote Link to comment Share on other sites More sharing options...
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