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Pricing Products
Many people make the mistake of setting their prices after they have determined how much money they want to make. This is a grave mistake. First, determine how much your craft will sell for in a retail store. Keep in mind you want to price your product to sell. This will often vary region to region. Check out local stores and the prices of items like yours. Ask the clerk if the product is selling and why or why not. Try to figure out if stores have to run specials to get the product to sell. Once you have determined the retail price, divide that number in half. This is considered to be your wholesale price. Craft show prices are usually somewhere between retail and wholesale.
The typical retail price for MP Soap is $1.00 per ounce. People love specials...consider a special like (3) four ounce bars for $10.
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