Home » Advertising / Marketing, General, Making Money

How to Check Supplier Product Pricing if Profitable

19 March 2010 523 views No Comment

It sounds easy, really is, to check pricing of a product to sell if its profitable. Just need some commonsense. Yet many do mistake in this.

After you get the wholesale price list from your prospective supplier, find out how much others are selling for that exact same item.

Some good places to check pricing:

  • Ebay.com
  • Amazon.com
  • Overstock.com
  • Walmart.com

Many people selling on these sites (except walmart) are suppliers. Since its very competitive there prices are lower there. You really have to make sure you are able to compete with those sellers there.

Your sell price should consist of these parts:

  • wholesale price
  • shipping cost (if you offer free shipping)
  • listing/success fees (if you sale on ebay/amazon etc where you have to pay for listing/success)
  • Operational costs (this could be hosting, office supplies etc)
  • Marketing expenses (marketing costs like ppc etc)

Based on this see how many percentage of profit you can make per product. If you make less then 25% profit, I would strongly recommend looking for some other supplier.

Source:  WebcosmoForums.com Webmaster Forum

1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Loading ... Loading ...

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.