deciding wholesale pricing


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Posted by myrna on April 13, 2002 at 07:39:01:

hi-
i have developed a small seaglass jewelry business on a small caribbean island, selling at a couple small hotels (under 15 rooms) and one regular retail store plus out of my house. recently i was asked to supply a new high end beach oriented store on nantucket island and i am so confused on pricing. do i price so i can make the same amount of money on a peice there that i do here? i only pay 20-30% commission here on the island so do i take my retail price of $50 and sell it to nantucket at $35 or do i sell it for less since it is "wholesale". i really fell into this "business" by making things for myself and having people "buy them off of me" so i have NO business sense on how this works but would like to consider this my future career. HELP!


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