If you want to make money selling brand name dresses, you need to make sure that you are paying a wholesale price that will work for your boutique.
To determine that you are paying the right amount for the designer dress wear that you are purchasing, you want to factor in your costs, and subtract them from the realistic price which you can sell the dresses for. Your costs include rent, advertising, and the actual price which you will be paying for your inventory.
While having an accurate selling price is important, it is just as important not to undercharge for the clothing you are selling.
For example, if you are selling designer Tahari office dresses to investment bankers in Botswana, you would want to estimate the highest amount that they would be willing to pay, which might be allot more than you realize.
If you underestimate your selling price by 20%, and sell $50,000 worth of dresses over a year, you just gave up $10,000 of profit by simply selling the dresses for too low.
After all, if a shopper really wants the Jones New York clothing which you have marked for $80, wouldn’t you agree that they would just as easily pay $85 for it?
Wholesale Brand Name Products: closeoutexplosion.com
Wholesale Designer Handbag Directory: wholesalequest.com
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