8 Ways to Make Money in Fashion Wholesale

To better understand wholesale pricing, we recommend the following: read this articlebecause it provides the base foundation first.

The reason why we recommend you to increase your pricing (RRP) is to sell the exact same product with all additional costs (duties, taxes, freight, etc.) to new markets and get the same profit as your own website Therefore, we should consider increasing the price.

First, you should do a price analysis of the market and competitors to get an idea of ​​the average entry and exit prices for your category. This reveals by what percentage the price of the product can be increased to remain competitive. Next, we need to calculate the additional cost and what it looks like as a % of RRP. The result is how much you can raise prices to ensure competitiveness and profitability in wholesale fashion.

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