Which Wholesale Pricing Strategy Should I Useīoth wholesale pricing strategies mentioned above have their merits. Retail Price x 0.6 = Wholesale Price (40% off retail)

We either pluck a number out of the air, look at what the competition is charging for similar products, or (and this is most common) most people end up doing something like this: In practice, store owners rarely go to that kind of level of maths to determine their wholesale pricing. Materials Cost + (Labour Invested x How Much You Value Time) + Other Overheads (Rent, Fixed Costs, Electricity, etc) + Profit Margin = Wholesale Price Most pricing experts would see this situation a bit backward because the mathematically ideal way is to follow a formula, something like this: So knowing how to calculate the wholesale price from retail price is very important because you probably just can’t up and change your retail pricing model because you’ve decided to introduce wholesale distribution. If you’ve been in business for a while, chances are you already have a retail price for products and are working the equation backward as you explore wholesale selling. How To Calculate Wholesale Price From Retail Price

What does the wholesale formula cost