You can simply call or email the wholesaler. Tell them that you’d like to carry their goods. Ask them how to make a purchase. They’ll probably ask you for your seller’s permit. They’ll tell you their minimum order requirements. Take shipping costs into account. Some offer free shipping. Others charge for it. Place your order and enjoy savings.
Finding Wholesale Prices
To find the wholesale value of a car, check what a dealer would pay the manufacturer. For used cars, it is what a dealer pays at auction. Wholesalers can sell to both consumers and retailers.
In real estate wholesaling, a wholesaler contracts a home from a seller, then finds a buyer at a higher price to keep as profit. Real estate wholesalers often target distressed properties.
The Wholesale Price Rule
The wholesale price is what you charge retailers buying in bulk. The goal is earning profit by selling higher than production costs. For example, if making one product costs $5, set the wholesale price at $10 for a $5 profit per unit.
Retail Pricing
Retail pricing focuses on what customers will pay. Retailers mark up wholesale goods to make a profit but not exceed the customer’s willingness to pay.
MSRP Calculation
Wholesale Price x 2 = Recommended Retail PriceHowever, low wholesale prices may not cover production costs and quality concerns. Generally, the wholesale price should be 50% of the retail price.
Calculating Wholesale and Retail Prices
Formulas efficiently calculate wholesale pricing. Sum production costs and desired profit for the wholesale price. Add a markup to the wholesale price to determine the retail price.