How do you price merchandise for resell?

Answer 1

I am not a economist but I have facilitated many "made" to "market" relations. My experience has been mostly w/ small business that develop goods. How to price: 1) cost of material and supplies 2) cost of time ( be realistic and pay your self a living wage) 3) add 20% 4) research comparable products and goods in your respective market And then there are lots of questions... Do you want to move the product quickly? Are you selling wholesale or consignment? how does this merchandise function in your business? (is it a " wow" object to gain attention or is it the staple that customers expect) Add a litany of more questions and you have an answer Good Luck