How do I price my product for wholesale?

Question

Ive got a novelty invention that i am about to take to distributors and stores (brick and mortar and online)... Ive found a company that will outsource production and it costs me roughly $3.00/unit and the price drops about $0.10 for every few thousand ordered.... The retail price is going to be $8-12. Ideally I'm looking to sell it wholesale for $4.75-$6.00

Answer 1

I worked for a company that gets its product for 3.12 and Sells it on the website for 14.99. it wholesales the product for 40-60 % off of the 14.99 msrp depending on how much they buy.

Hope it helps

Answer 2

A Good Rule Of Thumb is Wholesale Is half of Retail.
So you are right on line.

Best of success in your endeavors

Answer 3

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