Choosing the right price for your products is about striking a balance between healthy sales volumes and profitability. Set the price too low and you risk damaging your product perception value or losing money. Set the price too high and you risk not being competitive enough to attract buyers.
For wholesale businesses, getting pricing right – especially when dealing with multiple markets – can prove to be a tricky and often complex task.
By setting the right price for your products, building strong and authentic relationships with your customers, and leveraging the digital tools already available in the market, you will have laid the foundation for a successful wholesale business venture.
In this eBook, we’ll take you through:
The methodology for calculating wholesale prices
How to review your pricing strategy
How to calculate markup
How to use TradeGecko for wholesale price management
Armed with this knowledge, you’ll have a solid foundation from which to implement a smart wholesale pricing strategy for your business.