Detail on Retail. Re blog – GOOD INFO FROM PMHQ
This week’s The Details on Retail was all about how to price your merchandise while keeping in mind of what you should pay yourself back for.
Wholesale Portal brands offer a MSRP, look out for it in the description field under a wholesale pack listing. OR you can use the retail rule of thumb: a markup of 2.5-3x the wholesale price.
Some other key things to think about:
1. The 20% Poshmark commission
2. Factor in the $5.95 shipping cost
3. Price drops – determine the lowest price you’ll go before pricing an item
*Pro tip: If a Wholesale Portal brand is offering a pack of say, the same t-shirt in the same color, and you think you can sell that same t-shirt in different colors – you can ask that brand to do a custom bundle for you! #loveit
Things you may not necessarily think about when pricing are…
View original post 112 more words