The Storque - Comments for article: The Art of Pricing: Preparing for Wholesaling

What if you w

Wed, 06 Aug 2008 13:21:11 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: BohemianChick

What if you wouldn't reduce your retail price by 50%? Products I am making (not yet selling, building a small inventory) couldn't really go for 50% less or I wouldn't be making more than a dollar or so. Would retailers go for a percentage like 40% below retail or is wholesale typically 50%? Just curious.

Gives me some

Fri, 01 Aug 2008 11:22:36 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: tumpuscreations

Gives me something to think about...great article and great critiques by Etsians too. I was approached about doing wholesale work --trying to work numbers out, your article and comments provided some good insight. Thank you!

Thank you for

Thu, 10 Jul 2008 21:52:21 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: Alline

Thank you for this! I am a store owner wanting to support the etsy community (and provide my customers with fantastic products). However, many artists offer only a 10% discount. Perhaps they don't want to sell wholesale, or perhaps they are undervaluing/underpricing their items at regular retail? These articles are a great place for new craftspeople to start! www.milkweedmercantile.com

Thank you so

Sun, 01 Jun 2008 23:54:44 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: heartofnature

Thank you so much for this article! I am just getting into wholesaling, and after doing the math discovered that there's no way I can wholesale my greeting cards because of the time that goes into each one. I'm sticking to accepting bulk orders at cost for the cards, and wholesaling matted photographs :) I would love to see what an official wholesale price list looks like, though. I've been asked by a few stores for one, but I'm not sure what it should look like (other than the obvious information such as cost and # of items). Thanks again!

My question i

Fri, 16 May 2008 19:02:31 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: quiltnut60

My question is regarding either consignment or just selling at a discount to boutiques and they can sell at their own price. What would be better? For instance, my lip balms are priced at $3 which is for a pretty nice sized pot. I could wholesale them for $2 each but then the store could sell them for $5 each. Should I just start my prices out higher? It's all so confusing!! I should probably charge more for my lip balms as it is. I dunno. HELP?!!

Thank you for

Wed, 07 May 2008 12:43:03 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: serendipity2wenty2

Thank you for this wonderful read on wholesale etiquettes. I fully agree on having a minimum for your handmade items, and including your 'design' fees is equally important. Following on to this, I've been approached by a boutique on consignment orders. Will someone be able to advise best practises for the discounts given to buyers?

yeah, people

Fri, 25 Apr 2008 00:14:48 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: andymathis

yeah, people need to think about their minimums for wholesale orders. It can be either a number of items, or a dollar amount- like $250, for an initial order, and less for subsequent orders making it easier for the retail person to restock inventory. Artisans might also realize that some items can't be made fast enough, or at a cost price point, to make wholesaling the items feasible. So maybe not all items would be available at wholesale in that case. I think it looks bad, for sellers, to see wholesale orders and dollar amounts in their etsy store, from a buyers perspective. Some buyers will feel like they are being overcharged for retail purchases.

I think many

Mon, 31 Mar 2008 07:46:32 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: joyarte2008

I think many artisans need to be taught first that too many times they are not pricing even their retail prices high enough. When I've skimmed other items listed, it appears to me that too many artisans are giving their work away...they're just not charging enough for their time. When it comes to wholesale, it's not about a seller "discounting" their prices...it's about pricing their work high enough in the first place. Buyers who buy wholesale to resell in a boutique or store want to be be able to double their money or more, so if they buy something for $25, they want to resell it for $50. That's what retail is. Why would a boutique owner want to buy something from an artist at the same price the artist is selling to the public? The boutique owner assumes that the price the artist is selling retail has been marked appropriately retail, and too many times, it is not. I nearly fell off my seat when I read that a mere $2.50 per piece might be worth the trouble for a 50 piece order!!! That's insane!!! I'm sorry, but an artist's work is worth much more than a $2.50 gross profit margin on a piece that wholesales for $22.50. That won't cover the costs of rent, telephone, utilities or any other expenses in running a business. Please don't forget that many artists do make jewelry for a living. It's not just a hobby. In order for an artisan to sell retail and wholesale, they basically need to have two prices. One that is what they need to cover their costs, labor and make a real profit (that would be their wholesale price), and another price that is double their wholesale (which is retail).

i was just ab

Fri, 22 Feb 2008 22:57:25 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: Dreamwoven

i was just about to write an article regarding wholesaling and the handmade community. my personal take on it is that there really are no rules regarding wholesaling when it comes to artisans that create items, usually one of a kind, with their own two hands. I believe the etsy environment is a perfect situation for etsy sellers to enlighten wholesale buyers about 'handmade'. People who buy wholesale 'expect' a discount. It is NOT mandatory nor is it always, if ever, beneficial to a seller of handmade goods. The buyer should be able to make their profit from reselling the item to the public in their boutique or shop. They are the ones that understand what their customers will pay. I believe too many times, sellers feel they 'need' to wholesale or deeply discount their items just to make a sale. Obviously this is a personal issue for a seller, but again, what a perfect environment we are in for enlightening wholesale buyers as well as keeping handmade goods in the specialized field it deserves.

Thank you so

Sun, 06 Jan 2008 04:19:06 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: neelieileen

Thank you so much for the interesting and informative wholesale article. I have been contacted about wholesaling some of my items. Your article helps me to feel more comfortable with setting my prices. I also like the idea of having a support system from Etsy as I ventures into the wholesale avenue. I would like to have more information how to do the RESERVED listing. Thanks so much.

We can't than

Wed, 12 Dec 2007 05:46:24 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: alkemystic88

We can't thank you enough i have learned so much from the storque and news all of this information is really helping my business, thanks

I am so appre

Wed, 12 Dec 2007 03:25:53 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: BEADina

I am so appreciative of this as I am trying to get some stores to carry my items. The only issue is all of my items are one of a kind so making a catalog is time consuming. I like your idea of putting items on reserve and and the minimum which I was already thinking. Anyway, Thanks for the great tips.

Thank you Bet

Thu, 08 Nov 2007 04:00:35 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: mulberrymuse

Thank you Beth for the helpful article, wholesale pricing is not easy! I have very little experience in this and I know in the past I have undersold my items for fear of losing an order, which was foolish! Many thanks :)

This is very

Wed, 07 Nov 2007 15:53:25 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: stonz

This is very helpful. I was contacted by a boutique and I am trying to figure out how to set my wholesale prices for them.

I just want t

Thu, 01 Nov 2007 14:01:34 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: stopsandstarts

I just want to thank you for adding alittlegoodness's bird tape as a related item to your article! I just spent wayyyyy too much money in that shop.

Thank you for

Wed, 31 Oct 2007 18:44:21 -0000

On article: The Art of Pricing: Preparing for Wholesaling
Comment by: thefunkyfelter

Thank you for this very informative article on wholesale. I have recently received some wholesale requests, but have had no experience doing this. I think it is an important thing for all Etsy sellers to consider when pricing.